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[BUSINESS] · Switzerland, Germany · 2 sources

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Consumers face rising threats from unauthorized debt collection claims

Consumers in Switzerland and Germany are facing increasing pressure from debt collection companies and entities issuing unauthorized claims. In Switzerland, companies like Letterdata have been accused of using psychological tactics to enforce unjustified demands, exploiting the fear of debt enforcement registers to induce panic payments.

In Germany, Margot Brands Limited, a Hong Kong-based company, has been linked to various brands such as Astrolonova and Bongochat. These entities reportedly send invoices to consumers who have not signed valid contracts or made clear, binding orders.

Consumer protection experts advise individuals not to succumb to threats of additional fees or credit score damage. The recommended course of action is to remain calm, refuse payment for invalid claims, and formally contest the demands in writing.

Entities

Letterdata · Margot Brands Limited · Verbraucherzentrale NRW