The Federal Trade Commission (FTC), the nation's consumer protection agency, is warning consumers to be on the alert for scam artists posing as debt collectors. It may be hard to tell the difference between a legitimate debt collector and a fake one. Sometimes a fake collector may even have some of your personal information, like a bank account number. A caller may be a fake debt collector if he:

is seeking payment on a debt for a loan you do not recognize;
refuses to give you a mailing address or phone number;
asks you for personal financial or sensitive information; or
exerts high pressure to try to scare you into paying, such as threatening to have you arrested or to report you to a law enforcement agency.

If you think that a caller may be a fake debt collector:
Ask the caller for his name, company, street address, and telephone number. Tell the caller that you refuse to discuss any debt until you get a written "validation notice." The notice must include the amount of the debt, the name of the creditor you owe, and your rights under the federal Fair Debt Collection Practices Act.
If a caller refuses to give you all of this information, do not pay! Paying a fake debt collector will not always make them go away. They may make up another debt to try to get more money from you.

Stop speaking with the caller. If you have the caller's address, send a letter demanding that the caller stop contacting you, and keep a copy for your files. By law, real debt collectors must stop calling you if you ask them to in writing.

Do not give the caller personal financial or other sensitive information. Never give out or confirm personal financial or other sensitive information like your bank account, credit card, or Social Security number unless you know whom you're dealing with. Scam artists, like fake debt collectors, can use your information to commit identity theft – charging your existing credit cards, opening new credit card, checking, or savings accounts, writing fraudulent checks, or taking out loans in your name.

Contact your creditor. If the debt is legitimate – but you think the collector may not be – contact your creditor about the calls. Share the information you have about the suspicious calls and find out who, if anyone, the creditor has authorized to collect the debt.

Report the call. Contact the FTC and your state Attorney General's office with information about suspicious callers. Many states have their own debt collection laws in addition to the federal FDCPA. Your Attorney General's office can help you determine your rights under your state's law.>

http://www.ftc.gov/bcp/edu/pubs/consumer/alerts/alt076.shtm

Thank You Alfalfa. I have filed a report with the FTC, and they informed me that I'm am not the first one to report them. These so called investigators would not even give me an address or a company name and have been posing as Law Enforcement and making serious threats, so my local police department is assisting me with this matter since they have been harassing me and I have recordings and have every contact they have made with me documented. They have broken the law on many levels and hopefully they will soon be arrested.

No problem. Glad to help.

I got a call from them today and it smelt fishy.......so i called back and she said pay before a warrant is issued when I refused she got nasty and called me a fraud......Good luck with opening up something in my name my credit is shot......so stop playing games.....loser find a real job and stop playing on people phone dummy

MK-

Your money went exactly where these goons wanted you to put it.... in their hands. I just got off the phone with them and the "common" name Ms. Jones...LMAO, told me that Arlington Heights State police is coming to pick me up. Hmm, that's odd that is not a state. Payday loan or not, I do have an attorney, and yes it has been verified that the get ALL our info from the internet, such as INTELLUS for a fee. Come on people do your homework before you blow your money...DO NOT GET SUCKED INTO THESE COMPANIES!!!