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Cash Advance America – Advance Fee Scam #loans.com


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Cash Advance America – Advance Fee Scam

Updated: February 02, 2015

Originally posted: October 26, 2012

Also Doing Business As:

  • Advance America
  • Advance America Payday Loans

The Washington State Department of Financial Institutions (DFI) has received reports of apparent scams conducted by people claiming to represent Advance America, Cash Advance America, and Advance America Payday Loans.

Numerous consumers received phone calls from people claiming to represent Cash Advance America and Advance America Payday Loans where the callers offered loans in exchange for an upfront fee. Although several consumers never applied for a payday loan, the callers insisted that they were calling to discuss the consumers’ online payday loan applications. One consumer reported that, when she refused to wire money to the caller, the caller threatened legal action against her. Several other consumers paid the upfront fee, but did not receive the loan promised. At least one consumer also received a similar loan offer via e-mail.

Additionally, one Washington consumer has reported receiving multiple harassing collection calls from a person claiming to represent Cash Advance America. The caller claimed that the consumer owed debt for a 2007 payday loan, but refused to provide any other details about the debt. The consumer reports that he did not take out any payday loans in 2007.

Cash Advance America and Advance America Payday Loans are associated with the following contact information:

206-855-3292

206-973-2544

254-212-1137

315-625-1913

321-576-1077

360-362-5979

707-533-1466

716-240-0028

818-570-6222

Cash Advance America and Advance America Payday Loans are not licensed by Washington State of Department of Financial Institutions to provide loans. They are also not licensed to do business in Washington State.

There is a company called Advance America that is licensed by the Department to provide payday loans. However, this licensed company is not related to the apparent scams described above.

Verify License

DFI strongly recommends that consumers deal only with those lenders that are properly licensed to conduct business. Consumers can determine whether lenders are properly licensed using the Verify a License feature on the DFI s website at www.dfi.wa.gov/consumers/findcompany.htm.

Payday Loan Debt Collection Laws

Collection activities are subject to the federal Fair Debt Collection Practices Act. Therefore, if you have questions regarding debt collection laws please contact the Federal Trade Commission at 1-877-FTC HELP, or online at www.ftc.gov.

Debt collectors cannot state or imply that failure to pay a debt is a crime. They cannot call before 8:00 a.m. or after 9:00 p.m. They cannot harass or abuse consumers, or contact consumers’ places of employment.

Report Fraud

Washington State residents. if you are suspicious of unlicensed activity by a payday lender please contact the Washington State Department of Financial Institutions at 1-877-RING-DFI (746-4334), or online at www.dfi.wa.gov.

If you feel you have been the victim of a loan scam please contact the Federal Trade Commission at 1-877-FTC-HELP (382-4357) or online at www.ftc.gov ; or contact the Consumer Financial Protection Bureau (855) 411-CFPB or online at www.consumerfinance.gov. Because the scammers have access to bank account information and social security numbers, victims should consider themselves victims of identity theft and take appropriate precautions. The Federal Trade Commission has information for victims of identity theft available online at www.ftc.gov.

If you feel you have been the victim of a loan scam involving the Internet please contact the Internet Crime Complaint Center online at www.ic3.gov.

If you feel you have been the victim of a loan scam and are concerned about your personal financial information, contact your banking institution, and the three major credit bureaus.


Scam Advisories from Cash Advance® #refinancing #your #home


#cash loan
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Scam Advisory

– Consumer Alerts, Advice Resources

Consumer security concerns are mounting at an alarming rate in recent times, particularly with the rapid expansion of the internet community. Payday loan and debt collection fraud, online data harvesting, phone scams and identity theft have become rampant, its perpetrators proliferating and diversifying faster than security measures. CashAdvance.com has compiled this comprehensive overview of the myriad scams plaguing consumers today to ensure that you stay informed of the most recent threats and of which regulatory agency to turn to for recompense.

CashAdvance.com seeks to empower the voice of the consumer to combat the rise of fraudulent assaults. If you have been victimized by such assaults, file a Scam Report to raise consumer awareness, generate the attention of law enforcement authorities and increase the likelihood of investigation and prosecution of these crimes.

Consumer Financial Protection Bureau Provides Education and Oversight

Congress established the Consumer Financial Protection Bureau (CFPB) with the central mission of supervising banks, credit unions and other financial companies, and researching and analyzing consumer financial markets to ensure that consumers remain adequately informed to make sound financial decisions. A prime CFPB objective is enforcing lending laws and educating consumers and lenders on the risks, benefits,

BBB Issues Consumer Alert on Fraudulent Debt Collectors

Be wary of imposters posing as debt collectors. Using illegal data harvesting maneuvers, fraudulent debt collectors accumulate long lists of phone numbers of people they plan to victimize. The Better Business Bureau (BBB) has reported that people with low credit scores and payday loan borrowers are frequently  targeted by scammers trying to collect on a

5 Steps to Protect Yourself from Online Lender Scams

Whenever engaging in any type of online financial transaction, consumers must be wary of the fraudulent practices that abound on the Internet. CashAdvance.com seeks to remind consumers that the best protection is keeping informed of the many perils out there as well as their flagging indicators. Learn how to keep your money and information secure

How to Identify Predatory Lending Practices

CashAdvance.com wants you to be as informed as possible when searching for a payday loan. To that end, the CashAdvance.com network of lenders has been created in order to connect you with the best and most trusted lenders available. Educating to ensure consumer protection requires publicizing the dangers of working with predatory lenders. CashAdvance.com only

How to Recognize Scareware

The meteoric rise of Internet usage since its mainstream introduction has led to an equally large amount of scams, malware, and viruses online. This has started a constant arms race between Internet users and the crooks who are trying to take advantage of them. As many people have grown comfortable with using antivirus software to


Reviews – Legit or Scam? #law #school #loans


#credit loan
#

CreditLoan.com Reviews

About CreditLoan.com

CreditLoan.com offers a wide range of options to help you through those times when money is extremely tight. The primary focus of their services is to assist those with bad credit or no credit at all. Their third-party lenders offer secured personal loans, unsecured personal loans, debt consolidation loans, auto title loans, home loans and payday loans. They also have third-party servicers that provide credit report services and credit card solution services.

There are a number of articles in their online database to provide you with a convenient method to conduct research before applying for a loan. There are also a number of calculators on their site, more than you could ever imagine. One of their calculators enables you to calculate the numbers within your loan offer prior to accepting it.

After submitting an online application, for free, through CreditLoan s website, you will be matched to one of their lenders or servicers. They will contact you to confirm your personal information as well as to finalize the loan.

Always review the loan contract with a fine tooth comb, pay close attention to fees, penalties and interest rates. Since some states do not have laws regarding loan APRs, many lenders will use that to their full advantage. Compare the amount of money you will pay for the loan to the amount of money you are borrowing, it may be shocking.

Although they may have approved your loan application and promised to repair your credit, it is possible that the loan will hurt your credit if you can t afford to pay it back. You are under no obligation to accept the loan, if they pressure you to sign and claim that the funds will only be available for a short time, step away and go elsewhere.

If any lenders ask for upfront fees or a security deposit that is a red flag and it is illegal. If they ask for bank account information or credit card information for payment, do not provide it, they may take your money and run.

CreditLoan sells and shares your personal information with third parties. The following wording is found within their privacy policy online. By submitting your personal information, you understand and agree such personal information (including the Sensitive Information) may be shared with third-parties In addition, they also state, Furthermore, you authorize us to use any information collected from you to obtain other information about you from third-parties, such as your social security number, where such information was incompletely or improperly filled out on our registration form

Consider other options to get help before taking the aforementioned route. Ask a friend or family member to borrow money, approach your employer to obtain a salary advance, try to work out a payment plan with your creditor or take out a small bank loan. To prevent the financial hardship in the future, get credit counseling. Changing your spending habits and paying your bills on time is going to help you improve your credit score. To find help, go to National Foundation for Credit Counseling .

As a last note, CreditLoan has received a rating of D+ with the Better Business Bureau and therefore is not BBB Accredited.


Deceptive Insurance Deals (STOLIs) #insurance #scam, #term #insurance #scam, #long-term #care, #long #term #care, #ltc, #long-term #care #insurance, #long #term #care #insurance, #greedy #insurance #investors, #transfer #policy, #transfer #insurance #ownership, #chronic #illness, #chronic #conditions, #long-term #care #expenses,, #long #term #care #costs, #stoli, #stoli #promoter, #older #women, #joint #insurance #policies, #insurance #taxes


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Deceptive Insurance Deals (STOLIs)

There’s an evil cousin of legitimate life settlements out there, says Jack Dolan, vice president for media relations with the American Council of Life Insurers. It’s called ‘Stranger-Originated Life Insurance,’ or ‘a STOLI arrangement,’ and it’s all about getting unsuspecting consumers to deceive the insurance industry, at great personal risk to the individuals.

Here’s how a STOLI works:

A STOLI promoter—generally a financially savvy person—approaches you about buying a hefty life insurance policy on yourself. Working independently of any insurance company, the third-party promoter promises you a big cash payment up front, will lend you money to pay the premiums for the first two years of the policy (the normal period in which an insurance company can contest a policy), and will then promise to forgive the loan.

In exchange, you’re enticed to inflate the value of your assets on the insurance application, perhaps stating that you want to guarantee your family’s security after your death. If the scheme plays out successfully, it results in a policy with a face value that can be worth several million dollars. At the outset, you must agree to transfer ownership of your policy at the end of the two-year period to the STOLI promoter and investors, who will receive those millions upon your death.

STOLI promoters typically target well-to-do, older adults who aren’t in the best of health, says Dolan. However, these peopleare healthy enough to pass a medical exam but probably don’t have more than five or so years to live. The speculators are essentially wagering on your dying soon.

The success of a STOLI depends on a seductive approach that causes you not to examine it closely enough. But there are serious consequences if you participate in this scheme, many of which you may not see immediately. The possible ramifications include the following:

Taxes, Taxes, and More Taxes: You’ll be taxed on the money the promoter gives you up front. And you could be taxed on the amount of the premium loan the promoter forgives. Some STOLI promoters pull out all the stops to court you into setting up a policy, even inviting you on all-expenses-paid luxury trips. But there is one vacation expense you’ll have to pay: taxes.

Say Goodbye to Privacy: The sooner you die, the sooner the STOLI promoter and investors get paid. They’ll all but knock on your door to check in on how you’re doing.

No More Insurance: By inflating your assets to increase the value of your insurance policy, you’ve become over-insured and are unlikely to be able to buy any more policies.

You Could Get Caught: If your policy is found to be deceptive, the insurance company will likely rescind it, refund your premiums, and leave it at that. But it may also refer the case to state law-enforcement authorities for a fraud investigation and file an action against the STOLI promoter.

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National Payday Loans – Collection Scam #payday #loan #direct #lender


#payday loan
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National Payday Loans – Collection Scam

Thursday, December 10, 2009

The Washington State Department of Financial Institutions is warning consumers to verify the license of any lending professional they are considering doing business with to avoid becoming victims of potential scams.

Please note that these scammers are frighteningly well informed, very persistent and extremely threatening. Anyone who has been contacted by them should take steps to protect their personal financial information and treat this as a matter of identity theft.

National Payday Loans may be conducting a loan collection scam. National Payday Loans does not have a listed address.

National Payday Loans has provided the following telephone numbers:

1-510-709-4660

National Payday Loans does not appear to have a Web site.

The company is not licensed by the Department of Financial Institutions. The company is not registered to do business in Washington by either the Department of Revenue or the Washington Secretary of State.

How The Potential Scam Works

  • Representatives of National Payday Loans make unsolicited telephone calls to consumers at home or at work. The scammers tell consumers that they are being prosecuted for loan fraud, bank fraud or check fraud because they have defaulted on a payday loan
  • The scammers may threaten the consumer with immediate arrest
  • The scammers usually tell consumers that they received a payday loan of several hundred dollars in 2008, they may tell the consumer that the debt has increased to several thousand dollars
  • The scammers have the personal financial information of the consumer, including bank account numbers, social security numbers and the names of relatives
  • The scammers demand immediate payment of the debt by wire transfer or by providing a checking account or credit card number
  • If a consumer pays the scammers, they will continue to aggressively contact that consumer for even more money
  • These scammers are highly persistent and may make dozens of threatening calls in a short period of time

If You Feel You’re A Victim

If you feel you have been a victim of a loan scam, please contact the Federal Trade Commission at (1-877-FTC HELP, or online at www.ftc.gov. Because the scammers have access to bank account information and social security numbers, victims should consider themselves victims of identity theft and take appropriate precautions. The Federal Trade Commission has information for victims of identity theft available online at www.ftc.gov .

Consumers should know that Washington state law prohibits threatening or harassing behavior by individuals attempting to collect a payday loan. Only licensed companies are permitted to make payday loans in Washington.


Advance America Reviews – Legit or Scam? #lowest #auto #loan #rates


#advance payday loans
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Advance America Reviews Legit or Scam?

AdvanceAmerica.net

from 29 reviews Review It

Advance America was established in 1997 and is currently one of the nation’s largest payday loan companies, offering full service operations both at in person locations and online.

Advance America offers a full range of short term financial services, from payday loans to installment loans, MoneyGram services, Visa prepaid cards, auto equity loans, gold buying, and even tax preparation.

You can obtain payday loans from Advance America at their in house locations, as quickly as ten minutes after your application has been approved, or from their online website, and the funds will be direct deposited into your bank account the next day.

Warnings About Payday Loans

Payday loans are extremely controversial. Because payday loans are targeted at people who need cash immediately and have no other means of receiving it, these companies are able to charge high interest rates, with the nationwide average being 390% APR.

Often these high interest rates result in people’s inability to be able to pay back these short term loans on time, which results in a series of fees making it even more difficult for those struggling financially to keep up with it.

Because of this problematic cycle, individual states have created rules and regulations regarding the approval of payday loans and limiting their fees. Some states have outlawed the practice, while others have few regulations that limit payday lenders.

Advance America’s Payday Loans

In an effort to combat the negative stereotypes associated with payday loans, Advance America claims to be committed to following all federal and individual state laws associated with giving payday loans.

Also, they are a member of the Community Financial Services Association of America (CFSA), which is the only national organization dedicated to promoting responsible regulation of the payday advance industry.

As a member of CFSA, Advance America claims that they make sure all their terms, conditions, fees, and payback schedules are as clear and easy to understand as possible, so that their clients have the best chance at successfully paying back their short term loans.

Even though Advance America makes all these assurances, it is still up to those borrowing the money to ensure they know exactly what they are getting into before they accept the terms of the loan being offered to them.

Note: If you’re interested in learning more about Payday Loans check out our detailed guide, “Payday Loans Explained: Should You Ever Get One? ” for more info.


Reviews – Legit or Scam? #loan #amortization #schedule


#credit loan
#

CreditLoan.com Reviews

About CreditLoan.com

CreditLoan.com offers a wide range of options to help you through those times when money is extremely tight. The primary focus of their services is to assist those with bad credit or no credit at all. Their third-party lenders offer secured personal loans, unsecured personal loans, debt consolidation loans, auto title loans, home loans and payday loans. They also have third-party servicers that provide credit report services and credit card solution services.

There are a number of articles in their online database to provide you with a convenient method to conduct research before applying for a loan. There are also a number of calculators on their site, more than you could ever imagine. One of their calculators enables you to calculate the numbers within your loan offer prior to accepting it.

After submitting an online application, for free, through CreditLoan s website, you will be matched to one of their lenders or servicers. They will contact you to confirm your personal information as well as to finalize the loan.

Always review the loan contract with a fine tooth comb, pay close attention to fees, penalties and interest rates. Since some states do not have laws regarding loan APRs, many lenders will use that to their full advantage. Compare the amount of money you will pay for the loan to the amount of money you are borrowing, it may be shocking.

Although they may have approved your loan application and promised to repair your credit, it is possible that the loan will hurt your credit if you can t afford to pay it back. You are under no obligation to accept the loan, if they pressure you to sign and claim that the funds will only be available for a short time, step away and go elsewhere.

If any lenders ask for upfront fees or a security deposit that is a red flag and it is illegal. If they ask for bank account information or credit card information for payment, do not provide it, they may take your money and run.

CreditLoan sells and shares your personal information with third parties. The following wording is found within their privacy policy online. By submitting your personal information, you understand and agree such personal information (including the Sensitive Information) may be shared with third-parties In addition, they also state, Furthermore, you authorize us to use any information collected from you to obtain other information about you from third-parties, such as your social security number, where such information was incompletely or improperly filled out on our registration form

Consider other options to get help before taking the aforementioned route. Ask a friend or family member to borrow money, approach your employer to obtain a salary advance, try to work out a payment plan with your creditor or take out a small bank loan. To prevent the financial hardship in the future, get credit counseling. Changing your spending habits and paying your bills on time is going to help you improve your credit score. To find help, go to National Foundation for Credit Counseling .

As a last note, CreditLoan has received a rating of D+ with the Better Business Bureau and therefore is not BBB Accredited.


American Cash Services USA – Payday Loan Collection Scam #best #mortgage #rates


#payday cash loans
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American Cash Services USA – Payday Loan Collection Scam

Updated: August 1, 2014

Originally posted: February 22, 2011

Also Doing Business As:

  • American Cash
  • American Unlimited Cash USA
  • USA Unlimited
  • American Legal Services
  • Advance Cash Services
  • ACS Legal Group
  • ACS Inc.
  • and entities using other variations with the initials ACS

It has been reported to the Washington State Department of Financial Institutions (DFI) that consumers are contacted at their home and work telephone numbers, or by email, regarding supposedly delinquent payday loans. In some instances, the consumer applied for a payday loan but was turned down, and then subsequently started receiving collections calls.

The representatives make numerous and repeated harassing contacts by telephone or email to the consumer, threatening legal action unless the consumer pays the requested fees. The callers are also reported to have contacted consumers relatives or other references.

The representatives will sometimes identify themselves as law enforcement officers, attorneys from the Legal Department, or even from the United Nations Legal Department. The callers generally have American-sounding names, such as Michael Smith or Steve Martin, but their English is very heavily accented.

Consumers have reported that the callers have identifying information such as checking account information, social security information, and other nonpublic personal information.

These companies are not licensed by the Department of Financial Institutions as a payday lender or by the Washington State Department of Revenue Business Licensing Service as a collections agent.

Washington residents are advised that state law provides in RCW 31.45.105(1)(d) and (3) that a small loan made by an unlicensed entity to a person physically located in Washington is uncollectible and unenforceable in Washington State.

Verify Licenses

DFI strongly recommends that consumers deal only with those lenders that are properly licensed to conduct business. Consumers can determine whether lenders are properly licensed using the Verify a License feature on DFI s website at www.dfi.wa.gov.

Payday Loan Debt Collection Laws

Collection activities are subject to the federal Fair Debt Collection Practices Act. Therefore, if you have questions regarding debt collection laws please contact the Federal Trade Commission at 1-877-FTC HELP, or online at www.ftc.gov.

Report Fraud

Washington State residents. if you are suspicious of unlicensed activity by a payday lender please contact the Washington State Department of Financial Institutions at 1-877-RING-DFI (746-4334), or online at www.dfi.wa.gov.

If you feel you have been the victim of a loan scam please contact the Federal Trade Commission at 1-877-FTC-HELP (382-4357) or online at www.ftc.gov ; or contact the Consumer Financial Protection Bureau (855) 411-CFPB or online at www.consumerfinance.gov. Because the scammers have access to bank account information and social security numbers, victims should consider themselves victims of identity theft and take appropriate precautions. The Federal Trade Commission has information for victims of identity theft available online at www.ftc.gov.

If you feel you have been the victim of a loan scam involving the Internet please contact the Internet Crime Complaint Center online at www.ic3.gov.

If you feel you have been the victim of a loan scam and are concerned about your personal financial information, contact your banking institution, and the three major credit bureaus.


Reviews – Legit or Scam? #car #loans #calculator


#bankrate auto loan calculator
#

Bankrate.com Reviews

About Bankrate.com

Bankrate.com is a website specializing for over three decades in financial publishing, which includes researching current financial trends and information, compiling data, and then sharing their findings with their users.

Founded in 1976 as a financial newsletter, Bankrate.com went online in 1996 and currently has more than seven million monthly visitors who use their information when determining financial decisions. They collect original and impartial personal finance stories in order to help consumers make informed financial decisions.

They claim to be the web s leading aggregator of financial rate information, with over 4800 financial institutions in all fifty states surveyed so they may provide objective and unbiased information to their customers.

According to their site, they provide rate information on more than three hundred different financial products such as mortgages, banking, investments, auto loans, credit cards, insurance, and general financial planning information.

They also include information on more specific financial planning questions, such as comparing money market accounts to CDs, certificates of deposit, and evaluating checking and ATM fees.

But their most popular feature may be their wide multitude of financial calculators. They provide everything from mortgage calculators and auto loan calculators to calculators for investment and savings plans, all the way to college finance calculators.

All the information, services, and tools at Bankrate.com are free to use. However, users should be aware that Bankrate.com offers many links to third party companies, and their Terms and Conditions no longer apply if you leave their page for a partner.

If you have any experience with this website, please leave your Bankrate.com reviews below.


Is a scam, Review 8284 #personal #bank #loans


#e-loan
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eLoan.com is a scam!

“They are fraudulent then. You should let the police know they are using your name to defraud people. They are using 828-305-6073. The caller ID says Forest City NC. Everyone talking seem to be East Indian” I wrote that to the real eloan.com person. Here is what she wrote me:Thank you for contacting E-LOAN.

E-LOAN is no longer originating loans. We are currently servicing Savings and CD accounts online. We have not and will NOT attempt to get in contact with you regarding any loans since we are not a lender.

The E-LOAN website may link you to other companies’ websites that offer services that may be of interest to you if you are in search of a loan. In the process of accessing these companies through our E-Loan website they do not obtain any specific information about you or your transactions on our website.

Please be aware that these companies may collect personally identifiable information about you in order to process loan applications should you choose to proceed with an application. Our Privacy Policy does not cover those third party websites, and we encourage you to read their privacy policies prior to providing them with your personal information.

Once again, please note that E-Loan will NOT attempt to contact you regarding loans. Should you receive any phone calls from companies claiming to be E-LOAN please be aware that it may be a possible fraud attempt.

Should you have any questions please call us at (866) 576-7283. Our hours are 8am- 5pm PST Monday through Friday.

THE SCAMMER EVEN SAID TO LOOK AT THEIR WEBSITE ELOAN.COM. I EMAILED THEM AND GOT THE ABOVE EMAIL BACK