Alert updated: 01/04/2016
Initially posted: 10/01/2012
The Washington State Department of Financial Institutions (DFI) warns consumers to confirm that any loan provider with that they give consideration to working holds a Washington State permit for providing loan that is payday. Individuals are advised to confirm certification status ahead of giving the financial institution nonpublic personal information, such as for instance social safety quantity and bank checking account access.
DFI has gotten complaints regarding an ongoing company or individual defined as Shawn Clark. Washington State customers stated that the patient offered that loan amount in the event that Washington State customer offered an advance re re payment of $239.00, to guarantee the loan that is full of $5,000.00. Following this amount ended up being supplied by the buyer, the mortgage quantity had not been forthcoming.
The phone quantity from the entities that are unlicensed above is: 206-452-3615
DFI identified that the true quantity is operated by Skype Communications SA, and likely through a Voice over Web company (VoIP). Unlicensed entities frequently use solutions such as for example VoIP to perpetuate a fraudulence as a result of the difficulty in determining the positioning of this person utilizing the contact number.
This telephone number appears associated with past activity that is fraudulent DFI identified:
For example, DFI received a tip that somebody calling with this number had been wanting to gather on non-existent debts. The customer declined towards the give any economic information or funds towards the caller, and relied for a previously consumer tuned in to avoid damage.
DFI additionally received complaints regarding an ongoing business defined as Advance Payday Loan. Washington customers have actually reported they certainly were given a purported company target for Advance pay day loan during the Seattle Municipal Tower, that is situated at 700 5th Avenue in Seattle, Washington. The Department has confirmed that the occupants associated with Seattle Municipal Tower try not to add any company utilizing the title of Advance cash advance.
The device figures related to Advance pay day loan consist of 360-483-5116, 360-483-5106, and 206-452-3600. A site connected with this ongoing company was recognized as www.2000loans.net. The Department doesn’t have other contact information.
DFI additionally received an issue from a customer who had been the mark of an advance charge loan scam by people claiming become representatives of Advance Loans. A representative offered the consumer a $10,000 loan if the consumer first paid an advance fee of $480 after the consumer applied for a loan online. Following the consumer paid the cost, the agent demanded additional charges. The buyer never received a refund or loan. The device quantity connected with 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 businesses aren’t certified by DFI to offer loans, and tend to be maybe not registered to conduct company in Washington State by the Department of income or the Secretary of State. Washington residents are advised that state law provides in RCW 31.45.105(1 d this is certainly)( and (3) that a tiny loan created by an unlicensed entity to an individual actually positioned in Washington is uncollectible and unenforceable in Washington State.
DFI strongly recommends that consumers deal just with those lenders being precisely licensed to conduct business.
customers can see whether loan providers are precisely certified making use of the “confirm A license” function regarding the DepartmentвЂ™s internet site at www.dfi.wa.gov.
Cash Advance Business Collection Agencies Laws
Collection tasks are susceptible to the federal Fair business collection agencies techniques Act. Consequently, for those who have concerns regarding business collection agencies laws and regulations please contact the Federal Trade Commission at 382-4357 (1-877-FTC HELP), or online at www.ftc.gov.
If you reside an additional state, go directly to the after website to discover the regulator in your house 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 customer Financial Protection Bureau (855) 411-CFPB (2372) or online at www.consumerfinance.gov. Considering that the scammers gain access to banking account information and social protection figures, victims should think about on their own victims of identification theft and simply just simply 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 that loan scam relating to the Web be sure to contact the world wide web Crime Complaint Center online at www.ic3.gov if you think.
Should you believe you were the target of that loan scam and they are concerned with your individual monetary information, speak to your banking organization, plus the three major credit agencies.