Santa Fe, NM---Attorney General Hector Balderas today issued an advisory to New Mexicans warning them about predatory debt collection practices from companies that attempt a variety of tactics to prey on New Mexican consumers. These practices include attempts to collect debts that do not exist, falsely reporting consumers to consumer credit agencies, and generally using threats or intimidation in an attempt to extract money from consumers. The Attorney General issued this advisory after recently suing national debt collectors for these practices and after these companies received millions of dollars in federal Paycheck Protection Program funds.
