Company provides strategies for avoiding cash advance and business collection agencies frauds
News supplied by
Nov 13, 2014, 05:50 ET
Share this short article
SPARTANBURG, S.C., Nov. 13, 2014 /PRNewswire-USNewswire/ — Advance America, a nationwide provider of payday loans as well as other monetary solutions, has become alert to a fresh revolution of frauds focusing on customers in Maine. These scam musicians, posing as Advance America representatives to gather funds from naive customers, come in no real method associated with the business. Because of state laws, Advance America doesn’t presently provide payday advances to Maine residents.
Within the last weeks that are few in specific, scammers have contacted Maine residents claiming they have been pre-approved for the loan,
After which asking them to get a prepaid debit card or cable cash as a “processing cost” or “good faith deposit. ” Various other situations, scammers look for to gather on “unpaid” cash advance financial obligation, often threatening arrest or appropriate action or demanding individual economic information on the phone. Scammers went as far as sending residents fraudulent loan papers utilising the Advance America logo design.
“Scammers usually make use of the trustworthiness of the best, respected company to con victims from their cash, ” said Patrick O’Shaughnessy, president and CEO of Advance America. “Legitimate payday loan providers such as for instance Advance America are very controlled at both their state and federal degree and will not utilize the type of fraudulent and unlawful techniques used by scam performers. “
Advance https://titleloansmaryland.net America urges customers to spot the caution signs and symptoms of monetary fraud and follow these strategies for avoiding loan that is payday business collection agencies frauds. If people suspect being scammed, they need to report it instantly to regional police and also to the lending company that the scammer claims to represent. (more…)