Alert updated: 01/04/2016
Initially posted: 10/01/2012
The Washington state dept. of Financial Institutions (DFI) warns customers to confirm that any loan provider with that they think about conducting business holds a Washington State permit for providing pay day loan solutions. Individuals are advised to validate certification status just before giving the lending company nonpublic information that is personal, such as for instance social safety quantity and account access that is checking.
DFI has gotten complaints regarding 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 payment of $239.00, to guarantee the loan that is full of $5,000.00. The loan amount was not forthcoming after this sum was provided by the consumer.
The phone quantity linked to the entities that are unlicensed above is: 206-452-3615
DFI identified that the quantity is operated by Skype Communications SA, and probably through a Voice over online company (VoIP). Unlicensed entities usually employ solutions such as for example VoIP to perpetuate a fraudulence as a result of trouble in determining the positioning regarding the individual using the contact number.
This telephone number appears associated with past fraudulent task that DFI identified:
For example, DFI received a tip that somebody calling using this true quantity ended up being wanting to gather on non-existent debts. The customer declined into the give any monetary information or funds towards the 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 consumers have actually reported they certainly were given a purported company target for Advance pay day loan at the Seattle Municipal Tower, that will be positioned at 700 5th Avenue in Seattle, Washington. The Department has confirmed that the occupants for the Seattle Municipal Tower don’t consist of any continuing company with the title of Advance pay day loan.
The telephone figures related to Advance pay day loan consist of 360-483-5116, 360-483-5106, and 206-452-3600. A web site related to this ongoing business has been recognized as www.2000loans.net. The Department does not have any other email address.
DFI additionally received a problem from a customer who had been the prospective of a advance cost loan scam by people claiming to be representatives of Advance Loans. Following the customer sent applications for that loan on the web, a agent offered the buyer a $10,000 loan in the event that customer first compensated an advance cost of $480. Following the customer paid the charge, 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 ongoing company’s business address as 91 S. Jackson St. in Seattle, Washington, which is apparently a postoffice.
These firms aren’t licensed by DFI to supply loans, consequently they are perhaps not registered to conduct company in Washington State because of 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 that is)( and (3) that a little loan created by an unlicensed entity to an individual actually based in Washington is uncollectible and unenforceable in Washington State.
Verify Licenses
DFI highly recommends that consumers deal just with those loan providers which can be precisely certified to conduct company.
customers can see whether loan providers are precisely certified utilising the “Verify A license” function regarding the Department’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. Therefore, for those who have concerns debt that is regarding guidelines please contact the Federal Trade Commission at 382-4357 (1-877-FTC HELP), or online at www.ftc.gov.
Report Fraud
Washington State residents, if you’re dubious of unlicensed task by a payday lender please contact the Department at 1-877-RING-DFI (746-4334), or online at www.dfi.wa.gov.
If you reside an additional state, go right to the after website to find 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 big picture loans approved the buyer Financial Protection Bureau (855) 411-CFPB (2372) or online at www.consumerfinance.gov. As the scammers get access to bank-account information and security that is social, victims must look into by themselves victims of identification theft and simply simply just take appropriate precautions. The Federal Trade Commission has information for victims of identification theft available on the internet at www.ftc.gov.
Should you believe you happen the target of that loan scam relating to the online be sure to contact the world wide web Crime Complaint Center online at www.ic3.gov.
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.