I got a call from this number stating that they are the police and if i dont call them back asap they will take me to court.

Call the FBI, the Department of Homeland Security and your State Police. When they call back, tell them that you are aware they are running an extortion ring, have notified the authorities and hang up.

Kudos to "Sam" for giving the most intelligent and informative posts on this scam. READ, Bookmark and use as needed:

http://800notes.com/Phone.aspx/1-631-456-4041/2

http://www.fbi.gov/news/pressrel/press-releases/paydayloanscam_120710