Originally posted: April 18, 2011
Updated: April 27, 2016

Mycash.com may also be doing business as zpp28.com, mycash1500.com, or cash.com.

The Washington State Department of Financial Institutions (DFI) has received reports that consumers have been repeatedly contacted at their home and work telephone numbers via text messages advertising payday loans. Consumers report that there are associated websites at http://www.mycash1500.com, and http://www.zpp28.com.

Another report indicated that mycash.com contacted a consumer via telephone and left a voicemail with an approval code for a loan. The consumer reported never applying for a loan.

Mycash.com a/k/a zpp28.com; a/k/a mycash1500.com; a/k/a cash.com is not licensed by DFI as a payday lender or check casher or seller in Washington State. In addition, Mycash.com a/k/a zpp28.com; a/k/a mycash1500.com; a/k/a cash.com is not registered with the Washington State Department of Revenue, the Secretary of State to do business in Washington, or at the Department of Licensing.

Washington residents are advised that state law provides in RCW 31.45.105(1)(d) and (3) that a small loan made by an unlicensed entity to a person physically located in Washington is uncollectible and unenforceable in Washington State.

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 www.dfi.wa.gov.

Payday Loan Debt Collection Laws

Collection activities are subject to the federal Fair Debt Collection Practices Act. Therefore, if you have questions regarding debt collection laws please contact the Federal Trade Commission at 1-877-FTC HELP, or online at www.ftc.gov(link is external).

Debt collectors cannot state or imply that failure to pay a debt is a crime. They cannot call before 8:00 a.m. or after 9:00 p.m. They cannot harass or abuse consumers, or contact consumers’ places of employment.

Report Fraud

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.