Customer Alert: Scammers Claiming to Express Advance America Target People in Texas

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Customer Alert: Scammers Claiming to Express Advance America Target People in Texas

Company provides strategies for avoiding loan that is payday commercial collection agency frauds

SPARTANBURG, S.C. , June 16, 2015 /PRNewswire/ — 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 Texas . These scam musicians, posing as Advance America representatives to gather cash from naive customers, have been in no real method associated with the company.

Within the last couple of weeks, in specific, scammers have actually contacted residents claiming they have been pre-approved for a loan, then asking them to shop for a prepaid debit card or cable cash as a “processing fee” or “good faith deposit.” In other instances, scammers look for to gather on “unpaid” cash advance debt, usually threatening arrest or appropriate action or demanding individual economic information over the telephone.

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“Scammers usually utilize the trustworthiness of the best, respected business to con victims from their cash,” said Patrick O’Shaughnessy , president and CEO of Advance America. “Legitimate payday loan providers such as Advance America are very regulated at both their state and level that is federal will not utilize the style of fraudulent and unlawful techniques utilized by scam music artists.”

Advance America urges consumers to spot the warning signs of economic fraud and follow these strategies for avoiding pay day loan and business collection agencies frauds. If people suspect being scammed, they ought to report it instantly to law that is local and also to the lending company that the scammer claims to express. Advance America clients can phone 888-310-4238.

Discover the signs of a scam

Federal legislation strictly regulates how genuine bill enthusiasts and loan agents can perform company. The Fair that is federal Debt techniques Act (FDCPA) particularly forbids debt collectors from being abusive, unjust or misleading in attempting to gather a financial obligation. Regulations especially claims debt collectors cannot threaten consumers with jail or arrest time when they do not spend their bill. If somebody claims you can expect to face criminal prosecution them money, it’s almost certainly a scam unless you immediately wire.

Scammers might also claim which you have now been pre-approved for a financial loan, after which need you to buy prepaid debit card or cable money as a “processing fee” or “good faith deposit.” Others may actually be identification thieves out to ensure you get your personal or economic information.

How to prevent Scams:

As well as focusing on how loan providers and bill enthusiasts can run, customers should take steps to also protect by themselves, including:

  • Never provide private information such as your Social Security number or banking account information online or over the device without verifying that you’re dealing with a genuine loan provider or bill collector. To confirm, call the establishment right back making use of a understood number, like the quantity noted on your declaration or regarding the straight straight back of the credit/debit card.
  • Be dubious of every e-mail with urgent needs for personal information that is financial. If a message demands immediate action or makes upsetting or exciting false statements, it really is most most likely a fraud.
  • Verify business licenses whenever trying to get that loan on line. Genuine loan providers will show state licenses to their sites to confirm they are full-service, licensed lenders complying with state and laws that are federal.
  • Never ever wire money or offer debit that is prepaid information up to a loan provider claiming you’ve got been pre-approved for a financial loan and must make a preliminary re payment as being a “show of good faith.”
  • Keep anti-virus, anti-malware, and spam e-mail security computer software as much as date on all of your computing products.
  • Preserve accurate documentation of most debt that is outstanding and consist of loan provider contact information.
  • Frequently look at your bank, credit and debit card statements to make certain there are no unauthorized transactions. Likewise, check always your credit history (using Equifax, Experian, or TransUnion) every four months on a basis that is rotating credit history tend to be one of the primary places where signs and symptoms of identity theft or fraudulence will be.
  • If some one approaches you claiming you borrowed from them a debt, need they give you written evidence of the debt since the legislation calls for – particularly when it is for a charge a fee do not recognize.
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