Business provides strategies for avoiding pay day loan and commercial collection agency frauds
SPARTANBURG, S.C. , June 16, 2015 /PRNewswire/ — Advance America, a provider that is national of loans as well as other economic solutions, has become alert to a fresh revolution of frauds focusing on customers in Texas . These scam designers, posing as Advance America representatives to gather funds from unsuspecting customers, have been in no real method associated with the business.
Within the last couple of weeks, in specific, scammers have actually contacted residents claiming them to acquire a prepaid debit card or cable cash as a “processing cost” or “good faith deposit. they have been pre-approved for a financial loan, after which asking” In other instances, scammers look for to get on “unpaid” pay day loan financial obligation, usually threatening arrest or appropriate action or demanding individual monetary information over the telephone.
“Scammers frequently make use of the trustworthiness of the best, respected company to con victims from their cash,” stated Patrick O’Shaughnessy , president and CEO of Advance America. “Legitimate payday loan providers such as for instance Advance America are very managed at both their state and federal degree and will not utilize the types of fraudulent and illegal tactics utilized by scam designers.”
Advance America urges customers to recognize the caution signs and symptoms of economic fraud and follow these methods for avoiding loan that is payday commercial collection agency frauds.