If you have any questions, please call us on 01923 249 700

Consumer Alert: Scammers Claiming to Express Advance America Target People in Texas

Business provides strategies for avoiding loan that is payday business collection agencies scams

SPARTANBURG, S.C. , June 16, 2015 /PRNewswire/ — Advance America, a provider that is national of loans as well as other financial solutions, has become alert to a unique wave of frauds targeting consumers in Texas . These scam designers, posing as Advance America representatives to get funds from naive customers, have been in no means associated with the organization.

In the last couple weeks, in specific, scammers have actually contacted residents claiming them to acquire a prepaid debit card or wire cash as a “processing cost” or “good faith deposit. they have been online payday loans Arizona pre-approved for the loan, after which asking” In other situations, scammers seek to get on “unpaid” pay day loan financial obligation, often threatening arrest or appropriate action or demanding personal monetary information over the telephone.

“Scammers usually utilize the standing of the best, respected business to con victims from their money,” stated Patrick O’Shaughnessy , president and CEO of Advance America. “Legitimate payday loan providers such as for instance Advance America are highly controlled at both the state and federal level and won’t ever make use of the types of fraudulent and unlawful strategies employed by scam performers.”

Advance America urges customers to recognize the caution signs of financial fraud and follow these methods for avoiding cash advance and commercial collection agency frauds. If people suspect being scammed, they ought to report it immediately to law that is local and also to the lending company that the scammer claims to express. Advance America clients can phone 888-310-4238.

Learn signs and symptoms of a fraud

Federal law strictly regulates exactly just how genuine bill enthusiasts and loan agents may do business. The federal Fair Debt Collection methods Act (FDCPA) particularly forbids loan companies from being abusive, unjust or misleading in wanting to collect a debt. What the law states especially claims debt collectors cannot threaten customers with jail or arrest time when they do not pay their bill. If somebody claims you will definitely face unlawful prosecution if you don’t immediately wire them cash, it is most likely a scam.

Scammers might also claim you to shop for a prepaid debit card or cable cash as a “processing cost” or “good faith deposit. which you have already been pre-approved for a financial loan, and then require” Others may actually be identity thieves off to get the personal or monetary information.

Steer clear of Scams:

As well as focusing on how loan providers and bill enthusiasts can run, customers should additionally make a plan to protect by themselves, including:

  • Never ever offer information that is personal as your Social Security number or banking account information online or higher the telephone without confirming that you will be using a genuine loan provider or bill collector. To confirm, call the establishment right back making use of an understood number, for instance the quantity noted on your declaration or regarding the straight straight back of the credit/debit card.
  • Be suspicious of any e-mail with urgent needs for individual information that is financial. If a message demands action that is immediate makes upsetting or exciting false statements, it is likely a fraud.
  • Verify business licenses whenever obtaining a loan on line. Genuine loan providers will show state licenses on the internet sites to confirm they are full-service, certified lenders complying with state and federal regulations.
  • Never wire money or offer debit that is prepaid information to a loan provider claiming you’ve been pre-approved for a financial loan and must make a preliminary re re payment as being a “show of good faith.”
  • Keep anti-virus, anti-malware, and spam e-mail security computer pc software as much as date on your entire computing products.
  • Maintain accurate documentation of all of the outstanding financial obligation, and consist of loan provider email address.
  • Regularly check always your bank, credit and debit card statements to make sure there are not any transactions that are unauthorized. Likewise, always check your credit history (using Equifax, Experian, or TransUnion) every four months on a rotating foundation; credit file tend to be among the first places where signs and symptoms of identity theft or fraudulence can look.
  • If somebody approaches you claiming you owe them a financial obligation, need they supply written proof of your debt due to the fact statutory law calls for – particularly if it really is for a charge a fee do not recognize.


By using this form you agree with the storage and handling of your data by this website.

I would like to receive promotional emails and offers