Payday Loans

How The Scam Works:

(with video below) Criminals claim to be the reps of companies that offers payday loans, which are paycheck advances of cash with a short-term payback. The danger is, you could become a victim of this scam even if you never applied for a payday loan in your life. How does the scam work?

 

Watch How The Payday Loans Scam Works:

Watch the video below to see in action the Payday Loan Scam exposed:

Payday Loan Scam in the News Video

Most of the callers identify themselves as attorneys for the loan company. They obtain credit card information, dates of birth, confidential telephone numbers and other personal information, and then proceed to victimize the residents.

Even worse, they threaten the victims with blackmailing if they don’t receive the amount.

 

How To Avoid The Payday Loans Scam:

Try to stay away from business pitched over the phone, especially if they are payday loans. Do not respond to their threats. Ignore them and inform the Police or the closest law enforcement agencies.

Feel free to post below the names of the scammers, if you were contacted. If you want to borrow money from payday loans agencies, use only reputable companies.

 

How To Report The Payday Loans Scam:

Make your family and friends aware of this scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission using the link below:

Report To The FTC Here

 

How To Protect Yourself More:

If you want to be the first to find out the most notorious scams every week, feel free to subscribe to the Scam Detector newsletter here. You’ll receive periodical emails and we promise not to spam. Last but not least, use the Comments section below to expose other scammers.

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Beth

I have been receiving calls off and on for about a year. Its always the same thing "I’ve taken out a payday loan in 2011" they have an old bank name I used to have several years prior and the last 4 digits of my social. They call from various numbers and sometimes multiple times a day. The call and leave an 844 or 855 number but I always redial and get the same person each time. They say there are 2 charges pending against me. Each time I ask for the company name, address, phone number and fax number.… Read more »

Sherry Fowler

Receive calls daily from different phone numbers linked to the same company, MPS or Map Processing Solutions. Stating that I owe a payday loan for 2013, using an address that I have not lived at for 10 years. They have even called my brother, my mother and my ex-husband, it is only a robo call, with my name and to hang up if this is not the person they are calling for. This is ridiculous!!

Meryl Heitinga

Here is another scammer:
"We wish to inform the general public that the FINANCIAL ASSURANCE LOAN COMPANY is presently giving out loan at an affordable rate of 2% per annum. We give out a minimum loan amount of 1,000.00 and a maximum amount of 100,000,000.00 . If you are in need of finance for business expansion, agricultural purpose, repayment of debt, car loan and educational loan then we can be of great help and assistance to you. For more inquires about our credit program we recommend that you contact our official email stated below: [scammy emails]"

Jerry

Received a call for the 10th time that I had a case pending against me for a payday loan that I never took out.
The number that called was 844-829-7920. Why is there no way to track this and find these criminals? The time they are stealing from us is priceless. I hope karma delivers them justice.

melissa morgan

EMAIL I RECEIVED: Arrest warrant ID: – JSB 85496183 which will be out on Friday 3 PM. Attention This is the last and final chance for you. This Legal Proceedings issued on your Docket Number EVR-38924 with one of the Cash Advance Inc. companies in order to notify you that after making several calls to you on your phone number we were not able to get hold of you. So the account department of Cash Advance has decided to mark this case as a flat refusal and have decided to press legal charges against you. CASE NO: JA-MD – 815577… Read more »

Leigh Hardyway

I did take out some pay day loans YEARS ago.Which I have since paid off thru some collect agencies, NOW I am getting calls from a processor server, telling me I am being served for writing bad checks,I am finding out that I am being ordered to pay the same bill.HELP I have my pay off letters.

Nathan Younis

Money Saver Plus charged my account 89.00 USD in the form of a check causing an additional nsf fee of 30.00 USD. I never authorized this, did not receive anything from them, however they are saying that I have less than a week ago…

gary carr

*moneysaverplus tried to take &89.00out of my acc twice costing me $64.00 in nsf fees i never gave my ok they just went in and tried to take it that is so wrong i would like to see a class action suit aginst them

KL89

Somebody called me from Instacash and told me I would be arrested for a loan I never applied for. He told me that he would send me information about this loan after I paid it. Now their number gets disconnected. They harrass me and my job. I’m nervous I will lose my job because of this Ron Williams from instacash. They are located in Homestead,Florida.

Carol Janet

Phone (516) 4789601 debt scam impersonating cops. Beware!

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