Payday Loan America

Consumer Alertconsumer alert
Possible Advance Fee Scam Using America Payday Loan’s Name

August 23, 2012

The Washington State Department of Financial Institutions (DFI) received a complaint that a company was using the name America Payday Loan to conduct an advance fee scheme.

The individuals posing as America Payday Loan offer personal loans to

English: Author: swanksalot URL: http://www.fl...

English: Author: swanksalot URL: Description: Front Window of a financial institution in Illinois which offers payday loans. License: (Photo credit: Wikipedia)

borrowers but require the borrowers to initially make a loyalty payment and are then asked to make a second payment to register the oversees loans with the Federal Bank of the United States. The borrowers are told that the loan funds will be deposited into their bank accounts 45 minutes after the payments are made. No money is ever deposited or refunded. America Payday Loans is not licensed by DFI.

This company is using the phone number of (509) 590-2388, and a possible address of 1500 W Ford Ave, Spokane, WA 99201. DFI is unable to verify the address or phone number.

The phone number provided by the consumer for America Payday Loan of (509) 590-2388 has been previously linked to another possible advance fee scheme using the name of First Priority Financial for which a Consumer Alert was issued in July 2012.

Verify License

DFI strongly recommends that consumers deal only with those lenders that are properly licensed to conduct business. Consumers can determine whether lenders are properly licensed using the “Verify a License” feature on the DFI’s website at

Report Violators

If you feel you have been the victim of a loan scam, contact the Federal Trade Commission at 1-877-FTC-HELP (1-877-382-4357), or online at

If you feel you have been the victim of a loan scam involving the Internet, contact the Internet Crime Complaint Center at

If 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.

Leave A Comment

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.