The Washington State Department of Financial Institutions (DFI) received a report of what appears to be an advance fee scam.
Recently, a Washington State consumer applied for a consumer loan through Consumer Loans. Under the pretense of requiring a loan payment insurance fee and other similar expenses, Consumer Loans required that the consumer pay several payments upfront prior to receiving the loan. The consumer provided one or more payments through Western Union totaling at least $750 but did not receive the promised loan. Subsequently, Consumer Loans requested additional payments and the consumer refused. When the consumer requested a refund of funds provided to Consumer Loans, he was told that the payment would be deposited into his account in 8 months, but the refund was never processed. It appears that Consumer Loans is engaging in fraudulent activity or otherwise violating Washington State law.
The following contact information has been associated with this apparent scam:
Representatives: Marvin Amborn, Paul Eagin Sr. Brandon Salton, Leanne Briant, Lenny Larmett
Address: 96 S. Jackson St.
Seattle, WA 98104
Consumer Loans is not licensed to make loans in Washington State.
The Washington State Department of Financial Institutions cautions that unlicensed entities often engage in certain practices that indicate they are committing a fraud or otherwise violating Washington State law. For instance, such entities often require advance fees. Such entities often use non-business email addresses (such as @gmail.com, @yahoo.com, or other similar easily obtained email addresses) to send correspondence, threaten legal or criminal action if consumers do not reply immediately, or contain a variety of typographical and spelling errors in their correspondence to consumers.
In all circumstances, DFI also strongly suggests verifying the business licensee of entity prior to engaging in lending activity such as obtaining a loan.
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 atwww.dfi.wa.gov/consumers/findcompany.htm.
Washington State residents, if you are suspicious of unlicensed activity by a payday lender please contact the Washington State Department of Financial Institutions at 1-877-RING-DFI (746-4334), or online at www.dfi.wa.gov.
If you live in another state, find your state regulator(link is external).
If you feel you have been the victim of a loan scam please contact the Federal Trade Commission at 1-877-FTC-HELP (382-4357) or online at www.ftc.gov(link is external); or contact the Consumer Financial Protection Bureau (855) 411-CFPB or online atwww.consumerfinance.gov(link is external). Because the scammers have access to bank account information and social security numbers, victims should consider themselves victims of identity theft and take appropriate precautions. The Federal Trade Commission has information for victims of identity theft available online at www.ftc.gov(link is external).
If you feel you have been the victim of a loan scam involving the Internet please contact the Internet Crime Complaint Center online at www.ic3.gov(link is external).
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.