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Cash Advance America – Advance Fee Scam #loans.com


#cash advance
#

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
#

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
#

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
#

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
#

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
#

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



An Online Payday Loan Or Window To A Scam? #school #grants


#payday loan company
#

An Online Payday Loan Or Window To A Scam?

Cristina Miranda

Consumer Education Specialist, FTC

Strapped for cash? You might think an online payday loan is a quick and easy way to help stretch your money. But before you enter your bank account or any other personal information on a payday loan website, back away from the keyboard! That online payday loan might be a window to a scam.

A federal court has granted the FTC an order for contempt in the matter of Suntasia Marketing, Inc. a company previously involved in a telemarketing scheme that bilked consumers out of millions of dollars. This time around, the scammers took advantage of people looking for online payday loans by tricking them into completing an online application. The catch? The website and application were a pretense – an attempt to get people’s bank account information. Once the company had their account numbers, they enrolled unaware consumers in an ongoing membership program for an online mall. But because the terms of the program were obscure and buried deep in the website, there was no way for the consumers to know. And the company took their silence and failure to cancel as acceptance and permission to regularly debit money from their accounts on a regular basis.

So how can you avoid a scam like this one? It can be tough. But knowing how some scam operators work can make you think twice about the sites you visit and what you do when you get there.

  • Keep a close hold on your personal information. Whether your visit to an online payday loan site results in a loan, simply entering information on the site may come back to haunt you. Even if you never hit “Submit” to complete the transaction, your information can be captured through keystroke logging – a program used to see and store everything you enter on application. Scammers can use this information to commit identity theft. or debit money from your accounts.
  • Read the fine print. If the details of any online transaction, application or membership program aren’t apparent and understandable, don’t follow through. Incomprehensible or hard to find details could be warning signs of a scam.
  • Review your bank account and billing statements for unauthorized charges. Regularly reading all your account statements can help you see where your money is going, and help you flag unauthorized billing charges. If you suspect an unauthorized charge, ask your bank or the merchant about it, and dispute it.


Scam Advisories from Cash Advance® #pay #advance #loans


#cash loan
#

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



National Payday Loans – Collection Scam #loans #for #people #with #bad #credit


#payday loan
#

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.



Reviews – Legit or Scam? #quick #cash #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.



100 Day Loans: Scam or Sound Decision? #federal #student #loan #consolidation


#100 day loans
#

Does 100 Day Loans Really Work?

100 Day Loans is just one of several payday loan brokers that promises to find you a personal loan quickly, and without a lot of hassle. If you ve been searching for a lender, you might be enticed by the prospect of a matching service and filling out just one application instead of several. But does this actually work, and will it result in you getting a loan, or are you just coughing up your personal information for nothing?

The hype about 100 Day Loans mostly comes from their name. They don t state anywhere on their official site that you get 100 days to pay off your loan, but many review sites out there have mistakenly told consumers that this is indeed the case. You have the normal time allotted for payday loans, typically your next payday unless that comes too soon, like less than a week. So most likely you will not have anywhere near 100 days, and more like 2 weeks, standard in the industry.

There s no cost to you, it s free to apply. The cost is passed on to the lender that you go with, and they happily pay the fee in order to acquire a new customer. It s not known what sort of fee they must pay, but it does not effect the cost of your loan, and you won t be paying a higher rate than if you would have dealt directly with the lender by finding them on your own.

The Commitment

You ll have the same sort of commitment that you would with any other payday loan lender out there, because that s who you ll be dealing with. 100 Day Loans is not an actual lender, but is just a broker that has compiled a network of lenders and a software system that allows them to quickly search through them and match them up with your specific needs and income level.

Evaluation

If you come to terms with the fact that doing business with a payday loan company is not really going to benefit you at all, but could only potentially save you from NSF charges and late fees, 100 Day Loans is not a bad company. In fact, they are not part of the problem, because they re not lending you any money directly, and they re not increasing the amount you ll end up paying to get the loan.

Here is the most clear-cut and concise explanation of how payday loans work, and what you re getting yourself into:

The fee that 100 Day Loans collects is taken from the lender as a finder s fee for bring you to them. Think of them as headhunters that are in business to collect your information and sell it for a tidy fee. It is not known how much they take from the lender for sending them the lead, but it is probably a nominal fee, which adds up from the high volume of applications they process.

Final 100 Day Loans Review

Some people ask if 100 Day Loans is a scam, and others have even lumped them into pot with all of the other payday loan lenders, but this is not really fair. They are a payday loan aggregation service, taking a mess and organizing it for you so you don t have to sift through hundreds, and even thousands of lenders out there. It s hard to make a villain out of them, since they are free to the consumer, will potentially save you hours trying to find the right lender, and provide a secure way of delivering your information.

There is one part of the process that many people don t like, and that s the part in the terms and conditions that openly states that your information will be sold and shared with all of the lenders in the network. Reports show that you ll be inundated with spam after you fill out your application, which is why we recommend opening a separate email account for the application process, or using your filters in Gmail to help it avoid the inbox.

Our Recommendation

If you absolutely need a payday loan, then the 100 Day Loans service is a good way to find the best rate for you, and the highest amount available to lend. It definitely beats going from site to site trying to find a lender that will loan to you at rates and conditions that you approve of. Also, it beats having to fill out form after form with the same information, especially when many online lenders work together and share information any way.

What do you think? Does 100 Day Loans work or not?



An Online Payday Loan Or Window To A Scam? #current #mortgage #interest #rates


#payday loan company
#

An Online Payday Loan Or Window To A Scam?

Cristina Miranda

Consumer Education Specialist, FTC

Strapped for cash? You might think an online payday loan is a quick and easy way to help stretch your money. But before you enter your bank account or any other personal information on a payday loan website, back away from the keyboard! That online payday loan might be a window to a scam.

A federal court has granted the FTC an order for contempt in the matter of Suntasia Marketing, Inc. a company previously involved in a telemarketing scheme that bilked consumers out of millions of dollars. This time around, the scammers took advantage of people looking for online payday loans by tricking them into completing an online application. The catch? The website and application were a pretense – an attempt to get people’s bank account information. Once the company had their account numbers, they enrolled unaware consumers in an ongoing membership program for an online mall. But because the terms of the program were obscure and buried deep in the website, there was no way for the consumers to know. And the company took their silence and failure to cancel as acceptance and permission to regularly debit money from their accounts on a regular basis.

So how can you avoid a scam like this one? It can be tough. But knowing how some scam operators work can make you think twice about the sites you visit and what you do when you get there.

  • Keep a close hold on your personal information. Whether your visit to an online payday loan site results in a loan, simply entering information on the site may come back to haunt you. Even if you never hit “Submit” to complete the transaction, your information can be captured through keystroke logging – a program used to see and store everything you enter on application. Scammers can use this information to commit identity theft. or debit money from your accounts.
  • Read the fine print. If the details of any online transaction, application or membership program aren’t apparent and understandable, don’t follow through. Incomprehensible or hard to find details could be warning signs of a scam.
  • Review your bank account and billing statements for unauthorized charges. Regularly reading all your account statements can help you see where your money is going, and help you flag unauthorized billing charges. If you suspect an unauthorized charge, ask your bank or the merchant about it, and dispute it.


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


#payday cash loans
#

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.



6 Things You Should Know – Loan Modification Scam Alert #bad #credit #loan


#www.loan.com
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6 Things You Should Know

6 Things you Should Know

Anyone can be scammed if they don’t know the warning signs to look for. Here are six red flags to indicate that you may be dealing with a loan modification scammer:

A company/person asks for a fee in advance to work with your lender to modify, refinance of reinstate your mortgage. It is illegal for a company/individual to charge fees in advance for these services according to the Federal Trade Commission (FTC) Mortgage Assistance Relief Service (MARS) Rule. Note: Attorneys are allowed to charge fees in advance if they meet certain requirements and place fees in a client trust account ( FTC MARS Rule Compliance Guide for attorneys). But be careful! Attorneys, and people claiming to be attorneys, have been known to take advantage of homeowners, too.

A company/person guarantees they can stop a foreclosure or get your loan modified. Nobody can make this guarantee to stop a foreclosure or modify your loan. Many scammers offer “money-back” guarantees to make homeowners feel more comfortable. But why do you need a money-back guarantee when getting a loan modification is supposed to be free? Legitimate, trustworthy HUD-approved counseling agencies will only promise they will try their very best to help you.

A company/person advises you to stop paying your mortgage company or to pay them instead. Despite what a scammer will tell you, you should never stop paying your mortgage to improve your chances of getting a loan modification. Also, never send a mortgage payment to anyone other than your mortgage lender. As soon as you have trouble paying your mortgage, contact your mortgage lender and ask for the loss mitigation department. You should also contact a HUD-approved counseling agency for assistance. It’s free.

A company pressures you to sign over the deed to your home or sign any paperwork that you haven’t had a chance to read, and you don’t fully understand. Be careful. Signing over the deed to your home may not prevent foreclosure. You are still responsible for paying your mortgage even if you sign over the deed to your home. A legitimate housing counselor would never pressure you to sign a document before you had a chance to read and understand it.

A company claims to offer “government-approved” or “official government” loan modifications. They may be scam artists posing as legitimate organizations approved by, or affiliated with, the government. Contact your mortgage lender first. Your lender can tell you whether you qualify for any government programs to prevent foreclosure. You can also work with a local HUD-approved counseling agency to determine what programs you may be eligible for. And, remember, you do not have to pay to benefit from government-backed loan modification programs.

A company/person you don’t know asks you to release personal financial information online or over the phone. You should only give this type of information to companies that you know and trust, like your mortgage lender or a HUD-approved counseling agency.



Is a scam, Review 8284 #short #term #personal #loans


#e-loan
#

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



FBI – Extortion Scam Related to Delinquent Payday Loans #what #is #a #fha #loan


#payday cash loans
#

Extortion Scam Related to Delinquent Payday Loans

If you are receiving payday loan scam calls, which are described in the below press release, do not follow the calleR s instructions. Rather, you should:

  • Notify your banking institutions.
  • Contact the three major credit bureaus and request an alert be put on your file.
  • Contact your local law enforcement agencies if you feel you are in immediate danger.
  • File a complaint at www.IC3.gov

The Internet Crime Complaint Center has received many complaints from victims of payday loan telephone collection scams. Callers claim the victim is delinquent in a payday loan and must repay the loan to avoid legal consequences. The callers purport to be representatives of the FBI, Federal Legislative Department, various law firms, or other legitimate-sounding agencies. They claim to be collecting debts for companies such as United Cash Advance, U.S. Cash Advance, U.S. Cash Net, and other Internet check-cashing services.

According to complaints received from the public, the callers have accurate data about victims, including Social Security numbers, dates of birth, addresses, employer information, bank account numbers, and the names and telephone numbers of relatives and friends. How the fraudsters obtained the personal information varies, but in some cases victims have reported they completed online applications for other loans or credit cards before the calls started.

The fraudsters relentlessly call the victim s home, cell phone, and place of employment. They refuse to provide any details about the alleged payday loans and become abusive when questioned. The callers have threatened victims with legal actions, arrests, and, in some cases, physical violence if they do not pay. In many cases, the callers harass victims relatives, friends, and employers.

Some fraudsters have instructed victims to fax a statement agreeing to pay a certain amount, on a specific date, via a pre-paid Visa card. The statement further declares the victim will never dispute the debt.

If you receive these calls, do not follow the calleR s instructions. Rather, you should:

  • Notify your banking institutions.
  • Contact the three major credit bureaus and request an alert be put on your file.
  • Contact your local law enforcement agencies if you feel you are in immediate danger.
  • File a complaint at www.IC3.gov .

Tips to avoid becoming a victim of this scam:

  • Never give your Social Security number or personal information of any kind over the telephone or online unless you initiate the contact.
  • Be suspicious of any e-mail with urgent requests for personal financial information. The e-mail may include upsetting or exciting but false statements to get you to react immediately.
  • Avoid filling out forms in e-mail messages that request personal information.
  • Ensure that your browser is up-to-date and security patches have been applied.
  • Check your bank, credit, and debit card statements regularly to make sure that there are no unauthorized transactions. If anything looks suspicious, contact your bank and all card issuers.
  • When you contact companies, use numbers provided on the back of cards or statements


Reviews – Legit or Scam?


#easy loan
#

TheEasyLoanSite.com Reviews

About TheEasyLoanSite.com

The Easy Loan Site, located online at TheEasyLoanSite.com, is a website dedicated to helping people find a professional lender that will provide them with a loan that will fit their specific needs.

TheEasyLoanSite.com is intended to help customers who are interested in a loan for purchasing a home, or loans regarding home refinancing, a cash out refinance, or home equity.

When using this website matching service to find a lender for you, you only need to fill out your information online once, and all your information will be dispersed to potential lenders who can provide you with loan quotes.

You will need to tell TheEasyLoanSite.com what type of loan you are looking for, your credit score, the type of residence you are dealing with, the property value, and a variety of other specific pieces of information to help them find your best loan.

Once you ve submitted your information, lenders will assess your information and then provide you with a variety of loan quotes which will primarily be delivered by follow up phone calls or emails from lending agencies.

These lenders are supposed to contact you within 48 hours or less, but always remember that you are under no obligation to talk with any lenders or to accept any loan terms unless you are completely comfortable.

The Easy Loan Site is completely free for you to use, and they claim to only work with lenders that have proven themselves legitimate and have established themselves within the lending community.

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