An Online Payday Loan Or Window To A Scam?

The application process was smooth and I was approved in just a few minutes. They change their phone numbers constantly and if you ask them where they are located they will say different places in the U. Fill out this no obligation loan request form to start the process for a payday loan online. I even told him to look it up. Recently he left me a message threatening me stating that if he does not hear from either me our my attorney I will not like the hell that will be ensued on me and my family! Just state it as fact.

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An Online Payday Loan Or Window To A Scam? Share this page. Facebook; Twitter; Linked-In; That online payday loan might be a window to a scam. 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.. He hung up. This is archived material from the Federal Bureau of Investigation (FBI) website. It may contain outdated information and links may no longer function. 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. Payday loan and cash advance scams exposed. I expose the truth behind online payday loans, and find the best lenders online.

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Learning to avoid payday loan scams

Doing business on the Internet is very attractive to scam artists because it is very easy for them to hide their true identity. Companies using the Internet can create virtually any image they want you to see. Just because a company has a nice looking web site doesn't mean they are an honest group of people. Web sites can be set up in a matter of hours, and can be taken down in just a few minutes. The Internet makes it simple to close up shop and disappear almost instantly. It is also very cheap, for a just a few dollars almost anyone can get an internet web site hosting account and email service.

The Internet also provides a great pool of new people to rip off. Scam artists know that in order for them to keep making money they have to keep finding new victims. Since the Internet is world wide it makes a perfect place to find new people to exploit and steal from. Many honest, hard working people looking for payday loans are unaware of scams and the unethical tactics they use to "capture new customers.

Phishing sites are designed to collect personal information on you such as your name, social security number, phone number, and bank account numbers, etc.. This information is then used to get credit cards, drain your bank accounts, or worse your information is sold. Sometimes your identity is sold to the highest bidder, who uses it to defraud the government, avoid taxes, or even sold to illegal immigrants so they can gain employment.

I did find several sites that were not designed to collect information, however they were still usually rip offs, with very short payment terms, and high interest rates. They were more than happy to loan you money, however 9 out of 10 times the loan time was very short, which means you constantly had to request extensions which of course comes with a fee.

Now I don't know about you, but that sounds like highway robbery to me. Even worse these companies had extremely high late fees, in some cases if you were just 1 day late you could expect to pay a few hundred dollars in fees. Over the last 6 months I have signed up for payday loans from over 70 different companies on the Internet. I contacted their customer service departments, and took advantage of every service they offered.

I also did extensive research into the back grounds each of them. While some of these companies provided an excellent service, the large majority were complete and total frauds. After completing my exhaustive research I did manage to find a handful good companies that are honest and up front about how they loan money.

All of my recommended lenders don't require you to fax any information into them, and I had the cash direct deposited in my bank account within 1 business day. Each of them had a large, helpful, and courteous staff who answered my questions. Most important of all they had a toll free number I could call at any time.

The lawsuit alleges that the defendants operate the business through a maze of corporate entities created to evade regulatory oversight. In some cases, they sell large volumes of leads to data brokers that then re-sell them to lenders. These consumers were also subjected to illegal practices. The Consumer Financial Protection Bureau is a 21st century agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and by empowering consumers to take more control over their economic lives.

For more information, visit consumerfinance. In some cases, consumers have been bilked out of thousands of dollars in finance charges. Nonexistent or false disclosures: 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, Hallie February 7, Nicole Fleming February 10, We've written about this in several recent blog posts: Phantom debts and fake collection notices. I just got scamed for Kenjenmike03 May 12, James this just happened to us also.

We got scammed our last