(37 votes)

Payday Loans

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How the scam works:

Criminals claim to be the reps of companies that offers payday loans, which are paycheck advances of cash with a short-term payback.

Most of the callers identify themselves as attorneys for the loan company. They obtain credit card information, dates of birth, confidential telephone numbers and other personal information, and then proceed to victimize the residents. Even worse, they threaten the victims with blackmailing if they don't receive the amount. 

How to avoid:

Try to stay away from business pitched over the phone, especially if they are payday loans. Do not respond to their threats. Ignore them and inform the Police or the closest law enforcement agencies. Feel free to post below the names of the scammers, if you were contacted. If you want to borrow money from payday loans agencies, use only reputable companies.

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There are 51 comments

  • On Wednesday, September 17, 2014, Mrs lambdy wrote:

    This just happened to us the lady Jennifer with a local area code said that we would be charged with malicious intent to defraud a bank for a payday we never had. She wouldn't send me any paperwork.

  • On Monday, September 15, 2014, zmasikane@Yahoo.com wrote:

    I have just received a call from "Barbara Love" from a collection agency in NY..its so funny bcos she had a South side Chicago accent.She telling me that I owe $300 on a payday loan I obtained last year April,I wasn't in the US that month.I asked her to email me that document or a loan agreement,she just got angry and threatened me with wire fraud charges.I told her she need to email me and then I'll call her back,she didn't..I'll wait and see if this idiot calls me again..These ppl have no shame.

  • On Friday, September 12, 2014, Umar wrote:

    Had a scam call from Texas - phone no: (832) 763-9290 claiming that I had 2 felonies issued by Bank of America Loan Dept. When I told him to email me the documents for the Police to investigate, he cut me off. Beware!

  • On Wednesday, September 10, 2014, Claire Hodgson wrote:

    Is it possible u could claim your money back

  • On Tuesday, September 09, 2014, lynda wrote:

    These people keep calling me saying they are coming to my house with a letter of intent that I have to sign . also they tried recording me but I Hung up.do these people give up.and the number they r telling me to call back is from india. How can I get them to stop calling me

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