Consumer Alert: Scammers Claiming to Express Advance America Target Maine Consumers

Consumer Alert: Scammers Claiming to Express Advance America Target Maine Consumers

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 consumers in Maine. These scam music artists, posing as Advance America representatives to get funds from naive customers, come in no method connected to the company. Because of state laws, Advance America will not presently provide payday advances to Maine residents.

Within the last couple weeks, in specific, scammers have actually contacted Maine residents claiming they have been pre-approved for a financial loan, after which asking them to shop for a prepaid debit card or cable cash as a «processing cost» or «good faith deposit. » In other situations, scammers look for to get on «unpaid» pay day loan financial obligation, usually threatening arrest or appropriate action or demanding individual economic information over the telephone. Scammers went so far as sending residents fraudulent loan papers utilizing the Advance America logo design.

«Scammers usually utilize the standing of the best, respected company to con victims from their cash, » stated Patrick O’Shaughnessy, president and CEO of Advance America. «Legitimate payday lenders such as for instance Advance America are very managed at both their state and level that is federal will not utilize the variety of fraudulent and unlawful techniques used by scam designers. «

Advance America urges customers to determine the caution signs and symptoms of monetary fraud and follow these methods for avoiding cash advance and business collection agencies frauds. If people suspect being scammed, they need to report it straight away to law that is local and also to the lending company that the scammer claims to express. 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 legislation strictly regulates just exactly how bill that is real and loan agents can perform company. The federal Fair Debt Collection methods Act (FDCPA) particularly forbids collectors from being abusive, unjust or misleading in attempting to gather a financial obligation. Regulations especially states debt collectors cannot threaten customers with arrest or prison time when they do not spend their bill. If someone claims you are going to face unlawful prosecution them money, it’s almost certainly a scam unless you immediately wire.

Scammers could also claim you to shop for a prepaid debit card or cable money as a «processing cost» or «good faith deposit. Which you have now been pre-approved for a loan, after which need» Others may actually be identification thieves out to get the individual or information that is financial.

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How to prevent Scams:

As well as focusing on how lenders and bill enthusiasts can run, consumers should take steps to also protect on their own, including:

  • Never ever provide private information such as the Social Security number or bank-account information online or higher the telephone without confirming you are dealing with the best loan provider or bill collector. To validate, call the establishment straight straight straight back making use of a known number, including the quantity noted on your declaration or in the straight straight back of one’s credit/debit card.
  • Be dubious of any e-mail with urgent needs for individual information that is financial. If a message demands immediate action or makes upsetting or exciting false statements, it really is likely a fraud.
  • Verify business licenses whenever trying to get that loan on the web. Genuine loan providers will show state licenses on the web sites to confirm 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 got been pre-approved for a financial loan and must make a short re re payment as being a «show of great faith. » Genuine loan providers don’t offer approvals just before application nor need good faith deposits.
  • Keep anti-virus, anti-malware, and spam e-mail security 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 check always your bank, credit and debit card statements to make certain there aren’t any unauthorized deals. Likewise, look at your credit file (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 identification theft or fraudulence will show up.
  • If some one approaches you claiming you borrowed from them a financial obligation, need they offer written proof your debt while the legislation calls for — particularly when it really is for a charge a fee do not recognize.