Customer Alert: Scammers Claiming to Express Advance America Target Maine People

Customer Alert: Scammers Claiming to Express Advance America Target Maine People

SPARTANBURG, S.C., Nov. 13, 2014 /PRNewswire-USNewswire/ — Advance America, a national provider of payday loans as well as other economic solutions, has become conscious of a fresh revolution of frauds targeting consumers in Maine. These scam designers, posing as Advance America representatives to gather funds from naive customers, have been in no method connected to the organization. As a result of state laws, Advance America will not presently provide pay day loans to Maine residents.

In the last few weeks, in specific, scammers have contacted Maine residents claiming they have been pre-approved for the loan, after which asking them to buy a prepaid debit card or wire cash as a “processing cost” or “good faith deposit. ” In other instances, scammers look for to get on “unpaid” cash advance debt, usually threatening arrest or appropriate action or demanding individual economic information throughout the phone. Scammers went so far as sending residents fraudulent loan papers utilizing the Advance America logo design.

“Scammers frequently make use of the standing of the best, respected company to con victims from their money, ” stated Patrick O’Shaughnessy, president and CEO of Advance America. “Legitimate payday loan providers such as for example Advance America are very controlled at both their state and level that is federal will not make use of the sort of fraudulent and unlawful techniques utilized by scam performers. “

Advance America urges customers to spot the caution signs and symptoms of monetary fraud and follow these methods for avoiding pay day loan and commercial collection agency frauds. If people suspect being scammed, they need to report it straight away to regional police force also to the lending company that the scammer claims to represent. If you have been contacted by somebody claiming to express Advance America, please phone 888-310-4238.

Discover signs and symptoms of a fraud

Federal law strictly regulates exactly just how bill that is real and loan agents can perform company. The federal Fair Debt Collection techniques Act (FDCPA) particularly forbids collectors from being abusive, unjust or misleading in attempting to gather a financial obligation. What the law states especially states debt collectors cannot threaten customers with jail or arrest time when they do not spend their bill. If someone claims you will definitely face criminal prosecution them money, it’s almost certainly a scam unless you immediately wire.

Scammers could also claim which you were pre-approved for a financial loan, after which need you to obtain a prepaid debit card or cable cash as a “processing cost” or “good faith deposit. ” Others may actually be identification payday loans in Wisconsin no credit check thieves off to get your individual or economic information.

How to prevent Scams:

As well as focusing on how loan providers and bill enthusiasts can run, customers should additionally do something to protect on their own, including:

  • Never ever provide information that is personal as the Social Security number or banking account information online or higher the telephone without confirming that you’re working together with the best loan provider or bill collector. To validate, phone the establishment right back using an understood number, like the true quantity noted on your declaration or regarding the straight back of your credit/debit card.
  • Be suspicious of every email with urgent demands for individual information that is financial. If a message demands instant action or makes upsetting or exciting false statements, it’s most most likely a scam.
  • Verify company licenses whenever obtaining that loan on line. Genuine loan providers will show state licenses on the internet sites to validate they are full-service, certified lenders complying with state and federal legislation.
  • Never ever wire cash or offer debit that is prepaid information up to a loan provider claiming you’ve been pre-approved for a financial loan and must make a preliminary payment as being a “show of great faith. ” Genuine loan providers usually do not offer approvals ahead of application and never need faith that is good.
  • Keep anti-virus, anti-malware, and spam e-mail security computer computer software as much as date on all of your computing products.
  • Preserve an archive of most outstanding financial obligation, and include loan provider contact information.
  • Frequently look at your bank, credit and debit card statements to make certain there are not any transactions that are unauthorized. Likewise, look at your credit file (using Equifax, Experian, or TransUnion) every four months for a rotating foundation; credit file tend to be among the first places where signs and symptoms of identification theft or fraudulence will show up.
  • If somebody draws near you claiming you borrowed from them a financial obligation, need they give you written evidence of your debt due to the fact statutory law calls for – particularly if it is for a charge you do not recognize.

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