Alert updated: 01/04/2016
Initially posted: 10/01/2012
The Washington State Department of Financial Institutions (DFI) warns consumers to verify that any loan provider with that they give consideration to working holds a Washington State license for providing cash advance solutions. Individuals are urged to validate certification status ahead of giving the lending company nonpublic information that is personal, such as for instance social protection quantity and account access that is checking.
DFI has gotten complaints regarding an ongoing business or specific defined as Shawn Clark. Washington State customers stated that the patient offered that loan quantity if the Washington State customer offered an advance re re re payment of $239.00, to guarantee the loan that is full of $5,000.00. Following this amount had been supplied by the customer, the mortgage quantity had not been forthcoming.
The telephone quantity linked to the entities that are unlicensed above is: 206-452-3615
DFI identified that the true quantity is operated by Skype Communications SA, and probably through a Voice over Web company (VoIP). Unlicensed entities usually use services such as for example VoIP to perpetuate a fraud as a result of the difficulty in distinguishing the area of this person using the telephone number.
This telephone number appears related to past activity that is fraudulent DFI identified:
For example, DFI received a tip that somebody calling with this true quantity ended up being trying to gather on non-existent debts. The customer refused towards the give any monetary information or funds to your caller, and relied on a previously consumer tuned in to avoid damage.
DFI additionally received complaints regarding business recognized as Advance pay day loan. Washington customers have actually reported they certainly were given a business that is purported for Advance pay day loan in the Seattle Municipal Tower, that is situated at 700 5th Avenue in Seattle, Washington. The Department has verified that the occupants associated with Seattle Municipal Tower don’t add any continuing company with the title of Advance pay day loan.
The device figures connected with Advance pay day loan consist of 360-483-5116, 360-483-5106, and 206-452-3600. An online site associated with this ongoing business happens to be defined as www.2000loans.net. The Department does not have any other email address.
DFI additionally received a grievance from the customer who was simply the mark of a advance charge loan scam by people claiming become representatives of Advance Loans. Following the customer sent applications for a loan on line, a agent offered the buyer a $10,000 loan in the event that customer first paid an advance charge of $480. Following the customer paid the charge, the agent demanded additional charges. The buyer never received that loan or reimbursement. The device quantity related to this obvious scam is 206-452-3615. A representative identified the companyвЂ™s business address as 91 S. Jackson St. in Seattle, Washington, which is apparently a postoffice.
These firms aren’t certified by DFI to deliver loans, and they are maybe perhaps not registered to conduct company in Washington State by the Department of income or even the Secretary of State. Washington residents are encouraged that state legislation provides in RCW 31.45.105(1)(d) and (3) that a little loan produced by an unlicensed entity to an individual actually positioned in Washington is uncollectible and unenforceable in Washington State.
DFI highly recommends that consumers deal just with those loan providers which are precisely licensed to conduct company.
customers can see whether lenders are correctly licensed utilizing the “confirm A license” function regarding the DepartmentвЂ™s site at www.dfi.wa.gov.
Cash Advance Business Collection Agencies Laws
Collection tasks are susceptible to the Fair Debt Collection Practices that is federal Act. Consequently, for those who have concerns regarding commercial collection agency guidelines please contact the Federal Trade Commission at 382-4357 (1-877-FTC HELP), or online at www.ftc.gov.
Washington State residents, if you’re dubious of unlicensed task by way of a payday loan provider please contact the Department at 1-877-RING-DFI (746-4334), or online at www.dfi.wa.gov.
If you https://www.personalbadcreditloans.net/reviews/lendgreen-loans-review/ reside an additional state, go directly to the after website to discover the regulator at home state: http://mortgage.nationwidelicensingsystem.org/consumer/Pages/AgencyContacts.aspx.
You have been the victim of a loan scam please contact the Federal Trade Commission at 1-877-FTC-HELP (382-4357 if you feel)
or online at www.ftc.gov; or contact the buyer Financial Protection Bureau (855) 411-CFPB (2372) or online at www.consumerfinance.gov. Since the scammers get access to banking account information and security that is social, victims should think about by themselves victims of identification theft and just take appropriate precautions. The Federal Trade Commission has information for victims of identification theft available on the internet at www.ftc.gov.
You have already been the target of financing scam concerning the Web be sure to contact the world wide web Crime Complaint Center online at www.ic3.gov should you feel.
You have been the victim of a loan scam and are concerned about your personal financial information, contact your banking institution, and the three major credit bureaus if you feel.