Advance America Pay Day Loan

Advance America Pay Day Loan

Advance Fee Loan Scam
Also Doing Business As:consumer alert
  • Advance America
  • Cash Advance Payday Loan
  • Priority Loan Servicing
  • Cash Priority Loan Servicing
  • Priority Paydayloan
  • Priority Payday Loan Servicing, LLC

August 21, 2014

The Washington State Department of Financial Institutions (DFI) has received reports of what appears to be an advanced fee loan scam. Several consumers reported receiving e-mails telling them that they were approved for a loan. After accepting the loan offer, two consumers learned that they could not receive the loan unless they first paid a fee. Both consumers were instructed to pay the fee using a prepaid card. The consumers paid the fee, but never received the promised loan. In one case, additional fees were demanded after the consumer paid the first fee. In total, the consumer paid more than $1,000 in advanced fees and did not receive the loan or a refund.

In these cases, the e-mails sent to the consumers included a letter and loan documents. The letter was on Advance America letterhead. It was signed by a person called Daniel Grey, who identified himself as a senior loan officer for a company called “Cash Advance America Pay Day Loan.” The letter and loan documents referred to the lender by many names, including: Advance America Cash Advance Payday Loan, Advance America Pay Day Loan, Priority Loan Servicing, Cash Priority Loan Servicing, Priority Paydayloan, and Priority Payday Loan Servicing, LLC.

Additionally, two consumers spoke to the individuals running this apparent scam on the phone. One consumer reported that the individual she spoke to knew detailed information about her 2013 federal income tax return. How the individual got that information is unknown.

The following contact information is associated with this apparent scam:

516-422-5318 – cashadvanceamerica789@gmail.com
404-462-9597 – jamesanderson0422@gmail.com
512-309-5008

Verify Licenses

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/consumers/findcompany.htm.

Payday Loan Collection Laws

Washington State law prohibits threatening or harassing behavior by individuals attempting to collect a debt. The federal Fair Debt Collection Practices Act states that debt collectors must send consumers a written notice within five days of the first collection phone call, stating the amount of the debt and what it relates to. 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

If you are suspicious of unlicensed activity by a payday lender please contact the DFI at 1-877-RING-DFI (746-4334), or online at www.dfi.wa.gov.

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 http://www.ftc.gov or contact the Consumer Financial Protection Bureau (855) 411-CFPB (2372), or online at www.consumerfinance.gov.

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.

Mypaydayloan.com

Mypaydayloan.com

Unlicensed Payday Loans
Also Doing Business As:consumer alert

  • Zarvad III S.A

August 18, 2014

The Washington State Department of Financial Institutions (DFI) received a report that Mypaydayloan.com may be providing consumers’ personal information to a third-party who appears to be running an advanced fee loan scam. A Washington State consumer reported that, after she applied for a loan at Mypaydayloan.com, she received a phone call from a third-party. The third-party offered her a loan in exchange for an advance fee. The consumer paid the advanced fee using a prepaid card, but did not receive the promised loan. When the consumer attempted to cancel the loan, the third-party demanded another advanced fee. The third-party did not refund any of the fees to the consumer.

Mypaydayloan.com is not licensed by DFI. It is not registered to do business in Washington by either the Department of Revenue or the Secretary of State.

Mypaydayloan.com’s phone number, address, and e-mail address are unknown. It appears that Mypaydayloan.com may be operating outside of the United States.

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/consumers/findcompany.htm.

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.

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.

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; or contact the Consumer Financial Protection Bureau (855) 411-CFPB or online at www.consumerfinance.gov. 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.

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.

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.

Arrow One Lending ~ arrowonelending.com

Consumer Alert
Arrow One Lending

Not Licensed To Provide Payday Loans

August 16, 2013

The Washington State Department of Financial Institutions (DFI) has received a consumer alertcomplaint against Arrow One, LLC d/b/a Arrow One Lending. It appears that this entity is operating as a tribal online payday lender. This entity has stated it is wholly owned by the Iipay Nation of Santa Ysabel, California. This entity asserts that it is subject only the laws and jurisdiction of the Iipay Nation and not subject to regulation by DFI.

Arrow One, LLC d/b/a Arrow One Lending is not licensed by DFI. This entity is not registered to conduct business in Washington State by the Department of Revenue or the Secretary of State.

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.

Arrow One, LLC d/b/a Arrow One Lending has been associated with the following web address: http://www.arrowonelending.com, telephone number: (855) 836-3647, fax: (855) 727-0530, email address: customerservice@arrowonelending.com, and mailing address: PO Box 648, Santa Ysabel, CA 92070.

File a Complaint

If you have a complaint against Arrow One, LLC d/b/a Arrow One Lending, you may wish to contact:

Arrow One, LLC
PO Box 648
Santa Ysabel, CA 92070

Verify Licenses

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

Washington State law prohibits threatening or harassing behavior by individuals attempting to collect a debt. The federal Fair Debt Collection Practices Act states that debt collectors must send consumers a written notice within five days of the first collection phone call, stating the amount of the debt and what it relates to.

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’ place of employment.

Report Violators

If you are suspicious of unlicensed activity by a payday lender, please contact DFI at 1-877-RING-DFI (746-4334) or online at www.dfi.wa.gov.

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. You can also contact the Consumer Financial Protection Bureau (855) 411-CFPB (2372), or online at www.consumerfinance.gov.

If you feel you have been the victim of a loan scam involving the Internet, please contact the Internet Crime Complaint Center at www.ic3.gov.

Clear Loan Solutions ~ clear-loans.com

Clear Loan Solutions |Tribal Payday Lender
January 29, 2014

Worthy Observation:
The Washington State Department of Financial Institutions (DFI) regularly issue consumerALERTConsumer Alerts as the one below. It is SFA policy to published DFI alerts.

However, we’ve visited the website of Clear Loan Solutions, LLC and notice that the Lender are transparent in representing the interest charges and fees. From our view point, payday loans are a rip-off to consumers.

It is worth noting that PayDay Loan operators serve a niche market and are helping those who in need of emergency funds to have access to cash. Fees and interest charges are exorbitant high but this is just the nature of the beast. If you can avoid a pay day loan, don’t bother taking one. If you can not, you will be paying 50 times the cost to borrow.

_______________________

The Washington State Department of Financial Institutions (DFI) has received a complaint about Clear Loan Solutions. It appears that this entity is operating as a tribal online payday lender. This entity appears to be owned by the Big Lagoon Rancheria, a federally recognized Indian Tribe exercising its sovereign immunity and subject to regulation by the United States Government.

Clear Loan Solutions is not licensed by the DFI. This entity is not registered to conduct business in Washington State by the Department of Licensing, the Department of Revenue, or the Secretary of State.

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.

Clear Loan Solutions operates a website at http://www.clear-loans.com and lists its phone number as 888-680-5709. The address associated with Clear Loan Solutions is:

Clear Loan Solutions
271 Lynda Lane
Trinidad, California 95570

If you have a complaint against Clear Loan Solutions, you can mail it to:
Big Lagoon Rancheria Regulatory Authority
Attention: Mr. David Neyra
PO Box 3060
Trinidad, CA 95570
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 http://www.dfi.wa.gov/consumers/findcompany.htm.

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 http://www.dfi.wa.gov.

If you live in another state, find your state regulator.

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 http://www.ftc.gov; or contact the Consumer Financial Protection Bureau (855) 411-CFPB or online at http://www.consumerfinance.gov. 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 http://www.ftc.gov.

If you feel you have been the victim of a loan scam involving the Internet please contact the Internet Crime Complaint Center online at http://www.ic3.gov.

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.

Clear Loan Solutions

Discount Advances ~ discountadvances.com

Consumer Alert
Discount Advances Payday Loans

 Unlicensed Loans

September 27, 2013

Also doing business as:

  • discountadvances.com
  • paydaymax.com
  • mapleleafloans.com
  • IGotIt.com

The Washington State Department of Financial Institutions (DFI) has received complaints from Washington consumers who reported they obtained online payday loans from Discount Advances Payday Loans. The consumers complained of excessive fees and interest, and the entity continuing to withdraw money out of their bank account after the loan had been paid off.

Discount Advances Payday Loans operates a website at http://www.discountadvances.com. On its website, the entity identifies its location and contact information as:

DiscountAdvances, an IGotIt.com, Inc. company
IGotIt.com, Inc.
1712 Pioneer Ave
Suite 1410
Cheyenne, WY 82001
Phone: 800 446-8482

Additionally, the following websites appear to be associated with Discount Advances Payday Loans: Paydaymax.com, IGotIt.com and Mapleleafloans.com.

These entities are not licensed by the Washington State Department of Financial Institutions as small loan or payday lenders. These entities are also not registered to conduct business in Washington State by the Department of Revenue or the Secretary of State.

Uncollectable Debt

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 Licenses

DFI strongly recommends that residents verify the license of any lender with which they consider doing business with. Consumers are urged to verify licensing status prior to giving the lender nonpublic personal information, such as social security number and checking account access. You can verify a license with DFI at www.dfi.wa.gov or by calling 1.877.RING DFI (746-4334).

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.

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; or contact the Consumer Financial Protection Bureau (855) 411-CFPB or online at www.consumerfinance.gov. 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.

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.

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.