Apr

Debt Fraud Prosecution – How Likely is it?

Neil Campbell on April 2nd, 2009

Debt collection agencies will often threaten people that owe money with prosecution for fraud. Unfortunately it is just one of the tactics that they use to frighten people into paying money that they can’t afford.

Debt Fraud Prosecution – How Likely Is It?

In the UK, prosecution for debt fraud is only likely in the most extreme of cases (e.g. applying under someone else’s name or saying that you earned 100,000pa when you actually earned 5,000). Even some quite extreme cases don’t come to court. Therefore if a debt collection agency is threatening you with a fraud prosecution they are almost certainly lying.

Ignore the threats and concentrate on working towards a solution to your debt problem.