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

Nevada payday loan scams

Carson City, Nevada. The Office of the Attorney General is warning consumers of a payday loan collection scam currently occurring in Nevada. Nevada citizens are receiving telephone calls from Nevada payday loan scams, claiming to be from the “Federal Government of Crime and Prevention,” “Affidavit Consolidation Services,” “Criminal Bureau of Identity,” “US Justice Department/Payday Loan Division,” “Federal Investigation Bureau,” and other bogus governmental agencies.

The callers claim that a debt is owed on a payday loan such as “Advance Cash USA” and other fake companies. The callers pose as lawyers, law enforcement officers, investigators or Federal agents. They refuse to disclose their real names and addresses, claiming that such information is “confidential.”

They use scare tactics such as claiming they are filing a lawsuit or will take action to put the called party in jail. They sometimes call people at their place of employment.

This operation is a scam, probably operating outside of the United States. One consistent pattern the perpetrators follow is frequently changing telephone numbers and using various area codes, which is indicative of internet telephone number usage from outside the country.

If you receive such a call, simply hang up.

Regardless of what information they may give you over the telephone, this is a scam and the caller is just trying to scare you into wiring money to them which you do not owe.

If you are concerned about your credit being ruined, you may receive a free copy of your credit report at www.annualcreditreport.com.

You may also put a credit freeze on your credit report.

Please be warned, however, that a credit freeze is neither free to invoke nor free to remove and you will need to remove the freeze to apply for credit in the future.

You may wish to file a complaint about these Nevada payday loans scam telephone calls with the Federal Trade Commission, the agency which enforces the Fair Debt Collection Act.

The Federal Trade Commission also offers a consumer collection guide detailing your rights at www.ftc.gov.