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 become conscious of an innovative new wave of frauds focusing on customers in Maine. These scam musicians, posing as Advance America representatives to gather cash from unsuspecting customers, have been in no real method associated with the business. Because of state laws, Advance America will not presently provide loans that are payday Maine residents.

In the last couple weeks, in particular, scammers have actually contacted Maine residents claiming they have been pre-approved for the loan, after which asking them to get a prepaid debit card or wire cash as a “processing cost” or “good faith deposit. ” In other cases, scammers look for to gather on “unpaid” cash advance financial obligation, often threatening arrest or appropriate action or demanding individual economic information over the telephone. Scammers went so far as sending residents loan that is fraudulent with the Advance America logo design.

“Scammers frequently make use of the standing of the best, 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 controlled at both hawaii and federal degree and will never make use of the type of fraudulent and unlawful strategies utilized by scam music artists. “

Advance America urges customers to recognize the caution indications of economic 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 law that is local and also to the lending company that the scammer claims to express. If you have been contacted by some body claiming to express Advance America, please call 888-310-4238.

Discover signs and symptoms of a scam

Federal legislation strictly regulates exactly how genuine bill enthusiasts and loan agents may do company. The Fair that is federal Debt Practices Act (FDCPA) specifically forbids loan companies from being abusive, unjust or misleading in wanting to gather a financial obligation. What the law states particularly states debt collectors cannot threaten customers with arrest or prison time when they do not spend their bill. If somebody claims you may face unlawful prosecution if you do not immediately wire them cash, it really is most likely a fraud.

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

How to prevent Scams:

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

  • Never ever provide information that is personal as your Social Security number or banking account information online or higher the device without confirming you are working together with the best loan provider or bill collector. To validate, call the establishment right back making use of a known number, including the quantity noted on your declaration or in the straight straight straight back of one’s credit/debit card.
  • Be dubious of every e-mail with urgent demands for individual information that is financial. If a message demands action that is immediate makes upsetting or exciting false statements, it is most likely a scam.
  • Verify company licenses whenever trying to get that loan on the web. Genuine loan providers will show state licenses on the internet sites to validate that they’re full-service, certified lenders complying with state and federal guidelines.
  • Never ever wire money or offer prepaid debit card information to a loan provider claiming you’ve got been pre-approved for the loan and must make a short re payment being a “show of great faith. ” Genuine loan providers usually do not offer approvals just before application plus don’t need faith that is good.
  • Keep anti-virus, anti-malware, and spam e-mail security pc software as much as date on your computing products.
  • Preserve an archive of all of the debt that is outstanding and include loan provider email address.
  • Frequently look at your bank, credit and debit card statements to make sure there are not any unauthorized transactions. Likewise, look at your credit history (using Equifax, Experian, or TransUnion) every four months for a rotating foundation; credit file in many cases are one of the primary places where signs and symptoms of identification theft or fraudulence will be.
  • If somebody draws near you claiming you borrowed from them a financial obligation, need they give you written evidence of your debt since the statutory legislation calls for – particularly if it is for a charge a fee do not recognize.

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