Washington State Department of Financial Institutions (DFI) is advising any potential borrowers seeking short term financing such as payday loans to be carful of who they are doing business with. Many loan operations who advertise online and through the media such as TV, are not licensed to lend money in the State of Washington.

“Internet payday lenders who are not willing to abide by Washington law are not welcome to do business with Washington consumers,” DFI Director Scott Jarvis said. “As the state regulator, it’s our job to enforce the consumer protection laws adopted by our legislators – businesses refusing to play by the rules should take note – and be prepared for DFI to take action against them.”

“Most Internet-based payday loan lenders are, in fact, not licensed to do business in Washington,” DFI Director of Consumer Services Deborah Bortner explains. “When a consumer takes a loan from an unlicensed lender, there is very little we can do to protect them, and often little we can do to the company if they don’t adhere to our laws, especially if they are located outside of the United States.”

The DFI has received many complaints about various online lenders and intends to use everything at their  disposal to prevent these companies from breaking the law in Washington State. Below is a list of payday loan companies currently on the DFI’s complaint list:

·       500 Fast Cash

·       7-Day Loans.com

·       Ameriloan

·       Atlas Money Online aka First West Coast Financial Services

·       BIG Limited

·       Blackrock Lending Group

·       Cash 1

·       Cash OnLine

·       Cash Transfer Centers

·       CashLoanNetwork

·       Clearwater Bay Marketing LLC

·       Collect500

·       Cornerstone Resolution Group, Inc.

·       Credit Protection Depot

·       Credit Protection Service/Support Seven Payday Max

·       Discount Advances.com

·       e-payday-loan.com aka Web-e-payday; US Cash Advance; National Payday Advance

·       Easy Cash Online Store

·       FloBridge Group LLC; Cash-N Dash

·       Get E Cash

·       Huskhawk Marketing Group

·       Instant Cash USA aka Instantcashusa.com

·       Liberty Discount Club/Multiecomm LLC

·       Little Loan Shoppe America

·       Magnum Cash Advance

·       My Cash Now

·       Nationwide Cash Inc.

·       Northway Financial Corp Ltd

·       One Click Cash’

·       Onestepcash.com; SSK LLK

·       Pay Day Loan

·       Pay Day Loan Yes

·       PayDayMax.com

·       PDL Ventures

·       Power Funding

·       Quadrant Acquisitions

·       Sandpoint Capital; Clearwater Bay Marketing

·       Sign My Loan

·       Star Cash Processing

·       Summit Group LLC

·       United Attorneys Services

·       United Cash Loans

·       USFastCash

·       VIP Loan Shop

·       VIP PDL Services, LLC

·       Yorkview Financial Services

·       Zip19.com