CFPB Sues Online Payday Lender for Cash-Grab Scam

Any lender that asks for payment or cash before the loan is to be avoided at all costs. Beware of Payday Loan Scams While the rise of online lenders has increased the amount of potential scam risk, it has also increased the ability for Canadians in financial crisis to gain quick access to much needed funds in a timely manner. Stick with the legit personal loan sites. March 20, at 1: We got scammed our last

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 · 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. but in some cases victims have reported they completed online applications for other loans or credit cards › Home › News › Press Room › Press Releases.  · An Online Payday Loan Or Window To A Scam? the scammers took advantage of people looking for online payday loans by tricking them into completing an online application. Received email from FTC stateing that I had commited fraud by getting a payday loan and not paying on it,yes I have 2 payday loans but not with the › Home › Blog. Payday loan and cash advance scams exposed. I expose the truth behind online payday loans, and find the best lenders online. SCAMMER ALERT! The #1 source of information about online scams Not everyone needs the same amount of money for the same amount of time so they find the best deal for you. The application process was smooth

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Learning to avoid payday loan scams

Once the funding request is processed, the amount is transferred to your authorized and active checking account within 24 hours. The entire process is secured with state-of-the-art technology in order to keep safeguard your sensible information from unauthorized access. The repayment terms for installment loans in Alabama are flexible and you can repay in fixed regular installments as agreed by you in the loan agreement.

Moreover, with no prepayment penalty on paying off your loan early, the usual finance charge is considerably reduced. Thus, Alabama installment loans for bad credit give quick and easy access to the needed funds. With no pledging of valuables and security checks performed, unsecured installment loans in Alabama serve as the wonderful option to make financial ends meet in times of emergencies.

Therefore, apply for installment loans in Alabama now and keep your finances organized. Secure, fast and efficient service is what I received. Applying for a direct lender loan online for the first time was confusing. I am scared of the never-ending paperwork with bank loans.

However, faxless lending process with short-term installment loans appealed to me immediately. Installment Loans in Alabama Paying for unexpected expenses need not be challenging always for residents of Alabama. Get over your cash flow emergencies smartly with no credit check installment loans in Alabama The process is undeniably simple, short and secure with online application taking less than three minutes to complete.

Alabama Installment Loans come with simple eligibility criteria to meet. This is your official notification of this process, if you wish to enter a statement on your behalf press 9 to be connected to a processor or you may call us at I requested that they send me a copy of where I owe and they said you will get the copy when you are served with a warrant tomorrow.

I called Advance America on the same date and spoke with Lisa whom stated I did not owe Advance America anything, I had paid in full in They are from India scamming lots of people. They change their numbers and names all the time. You are certainly right How do they come to know you took a loan from Advance America.. Is somebody from Advance America involved in this? Received email from FTC stateing that I had commited fraud by getting a payday loan and not paying on it ,yes I have 2 payday loans but not with the company they are saying and the comp.

The Federal Trade Commission doesn't email individuals about debts. My family received a call for someone looking for me saying I was about to go to jail for payday loans. Coincedently it was the same time I had defaulted but I had read about these crooks before.

Needless to say I filed my taxes this year and someone has stolen my identity. I was looking online for a loan I could get without having to use a physical check since I do online banking that was set up with my college a few years ago. I didn't do that, but then I kept getting calls from various numbers such as , , , , and the list just continues. They finally stopped calling once I had my phone's auto block feature turned on to block all calls unless they were in my address book.

I left that one for a few days then turned it off and I haven't received anymore calls, except for one. This guy claims that I am being sued by someone, but the guy wouldn't tell me what I was being sued for. When I asked what kind of situations his "law firm" handles, he told me he couldn't tell me and that I would need to talk to his partner and they would give me the information.

The day before I actually talked to the guy he left a voicemail stating that I needed to contact him at this number After searching for the number I found that it was a scam that other people had encountered and on one of the websites, it gave me a map of the location of the call. After talking to the guy for a couple of minutes, I hung up on him and he called me right back and left a voicemail saying that me hanging up was not appreciated and just for that I would be going to jail the following day at 11am.

He said that I would need to have an attorney to represent me and that because I hung up on him that it was not a smart idea since he had my DL number which I don't have a DL , my address, phone number, email address, social security number, and bank account information.

Now when I applied for an online loan, I never entered my bank account information, I'm not exactly sure how or whom I would inform about my SSN possibly being stolen from this guy, if he really does have it. So I waited a few minutes before my husband called the same number, pretended to be my attorney and asked if he was located on street, such and such, in this city and state, the guy claimed he couldn't hear my husband and started blowing into the phone before hanging up. My husband waited 5 minutes then tried calling back only to not be able to get through because his cell phone number was blocked.

These are scam artists from India, they are scamming tons and tons of people out of money they don't even owe. They have gotten people fired from their jobs from constantly robo calling them. Do a search on DFF complaints and you will see. Check your credit reports, these scumbags have somehow gotten a lot of peoples info. They told me my whole social security number, my drivers license number, my email, my home address, where I worked and my checking acct.

How scary is that? I am researching these people and they eventually will be caught because I am hot on their trail. Lowlife scumbags they are who have no life, I want to see the look on their faces when they are busted from their elaborate scams they are doing. Someone please help me!! Yes I did attempt to take out an online payday loan.

They said they could television it from my bank account, so I quickly notified my bank and had that account closed to keep them from taking my money!! Now they are threatening to arrest me for check fraud!! I'm really nervous about this because I have never been I trouble for anything in my life!! Someone please tell me they can't do this!!! Please do not feel threatened by these people in any way.

They are nothing but scammers. I have a friend who can not seem to believe me when I tell him it's all a scam. He insist on believing he'll get his money any day now. How can I convince him other wise? I even told him to look it up. The same thing just happened to me. They can not bring any charges against you. Dont lose any sleep worrying about charges against you because they are the criminals. Wow this just happened to me. They called saying i owe an outstanding payday loan but could not send me any written paperwork.

And then when i said i wasn't paying they called me from a number saying i was going too be arrested. I got worry and sent the dollars.

Now they said i need too pay more or i will get arrested. I have observed that people to whom they call have taken loan on past. Is that loan companys provide information to them? I am with you to catch those scammers. No matter how enticing those payday loans are, they are in fact, legal predatory lenders and will charge you around percent interest.

You will not be able to pay these back, next pay day. Sorry to say I have learned from experience. I knew right away it was a scam but it's still annoying when it's calling at 6 AM. Just wanted to pass along this information so they can hopefully be stopped. I also filed a complaint. I recently went online to apply for a payday loan.. The next I was flooded with all theses phone calls saying I was approved for a loan and all I had to do was go in a site and pay 1.

I told the person with the heavy accent that I already got my score for free but he insists that I need to pay for one on there site.. I told them no and that I know they are running a scam and I told them I was gonna call news channel 7 and expose them.. I tried to call back but it just kept ringing.. Only thing I'm worried about is that they do have my personal info but my credit is so bad that they wouldn't get anything from it Just the point of them having my info is scary..

Don't know what to do. I got a call from them today at work an then my cell and my work again back and forth for an hour,claiming they were from a law firm called brumley law firm. The guy said hold I'm going to transfer you to an officer so supposedly this officer works there too whatever.

Just that I was getting sued and going to jail for 30 days. The number that called me was it's a number from Topeka,kansas. High-pressure tactics to scare you into paying, such as threatening to have you arrested, are signs that this caller could be a fake debt collector. Report it to the FTC at www. It might help stop the scam. Federal Trade Commission Consumer Information consumer. Share this page Facebook Twitter Linked-In.

January 31, by Cristina Miranda. 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. 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. Comments sherzac1 January 31, Koshevaia Potts April 11, Twilliams August 7, I have been called by them too!

Kevin August 28, Bsrw82 April 30, Same here is it payday loans and they have a forin language like middle eastern. Volhound October 4, There's no need to be a dick. Just skip over that comment and move on with your life. PTwoBears October 20, Foxxechiky February 1, Criminal Law Student February 1, Advicer February 3,

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How to protect yourself from payday loan scams. Are payday loans available in my state? Are these payday lenders legit? we don’t have information about White Rock Loans and it’s also not in our list of loans from our comparison reviews/pages. Best if you do your research first before applying for any loans whether online or in Getting Money Online - Payday Loans That Are Not Scams, Getting Money Online # Fast Cash Loans, Online Loans With No Credit  · Coker made a bad judgement call, he says, when he applied for an online payday loan through several different companies. He's not sure where the scam originated. "He told me that I was scammed and /on-your-side-man-loses-money-in-online-loan-scam.