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 provider that is national of loans as well as other economic solutions, has recently become conscious of a brand new revolution of frauds focusing on customers in Maine. These scam performers, posing as Advance America representatives to get funds from naive customers, come in no means connected to the business. Because of state laws, Advance America will not presently provide payday loans to Maine residents.

Within the last couple of weeks, in specific, scammers have actually contacted Maine residents claiming they have been pre-approved for the loan, then asking them purchasing a prepaid debit card or cable cash as a “processing cost” or “good faith deposit. ” In other instances, scammers look for to gather on “unpaid” pay day loan financial obligation, usually threatening arrest or legal action or demanding individual economic information on the phone. Scammers have gone so far as sending residents loan that is fraudulent making use of the Advance America logo.

“Scammers often make use of the standing of a legitimate, 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 example Advance America are very managed at both their state and level that is federal will not utilize the form of fraudulent and unlawful techniques used by scam performers. “

Advance America urges customers to recognize the caution indications of monetary fraud and follow these strategies for avoiding cash advance and commercial collection agency frauds. If people suspect being scammed, they need to report it straight away to regional police force and also to the financial institution that the scammer claims to express. If you have been contacted by somebody claiming to represent Advance America, please phone 888-310-4238.

Discover signs and symptoms of a fraud

Federal legislation strictly regulates just how bill that is real and loan agents can perform company. The federal Fair Debt Collection methods Act (FDCPA) specifically forbids loan companies from being abusive, unjust or misleading in wanting to gather a financial obligation. What the law states especially states debt collectors cannot threaten customers with arrest or prison time when they do not spend their bill. If somebody claims you can expect to face unlawful prosecution them money, it’s almost certainly a scam unless you online payday loans Connecticut immediately wire.

Scammers could also claim you to shop for a prepaid debit card or cable cash as a “processing cost” or “good faith deposit. Which you have already been pre-approved for the loan, then need” Others may actually be identification thieves off to get the individual or monetary information.

Steer clear of Scams:

Along with focusing on how lenders and bill enthusiasts can run, customers should take steps to also protect on their own, including:

  • Never ever provide information that is personal as the Social Security number or bank-account information online or higher the device without confirming that you’re working together with the best loan provider or bill collector. To validate, phone the establishment straight back making use of a understood number, like the true quantity noted on your declaration or from the straight straight back of the credit/debit card.
  • Be dubious of any email with urgent needs for individual monetary information. If a message demands action that is immediate makes upsetting or exciting false statements, it really is most likely a fraud.
  • Verify business licenses whenever trying to get that loan on line. Genuine loan providers will show state licenses on the sites to validate they are full-service, certified lenders complying with state and laws that are federal.
  • Never ever wire cash or offer debit that is prepaid information to a loan provider claiming you’ve been pre-approved for a financial loan and must make a preliminary re payment being a “show of great faith. ” Genuine loan providers try not to offer approvals ahead of application and don’t need faith that is good.
  • Keep anti-virus, anti-malware, and spam e-mail security pc computer pc software as much as date on all your valuable computing products.
  • Preserve accurate documentation of all of the outstanding financial obligation, and consist of loan provider contact information.
  • Frequently look at your bank, credit and debit card statements to make sure there are not any unauthorized deals. Likewise, always check your credit history (using Equifax, Experian, or TransUnion) every four months for a basis that is rotating credit history in many cases are one of the primary places where indications of identification theft or fraud will be.
  • If somebody approaches you claiming you borrowed from them a debt, need they offer written evidence of your debt given that legislation calls for – particularly when it is for a charge a fee do not recognize.

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