(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 30 comments

  • On Monday, July 21, 2014, Terri S wrote:

    I received a phone call at work from an Emma Ventina from a company called API, saying her phone number is 210-762-6530. She stated that she had an affidavit in her office with my social security number. I had to call her back immediately. I DO NOT respond to anyone who cannot mail me a copy of a bill to my home address and I never give out any bank information over the phone. I have been scammed before and you will NEVER see your money again. Hang up on these people or DO NOT answer their calls. If I do not know the phone number, I let them leave a message.

  • On Thursday, July 10, 2014, Devin wrote:

    I've also had these criminals call phone repeatedly 10 times a moth going on 3 months now. Soon I'll have to change my number it's an incredible inconvenience- don't answer their calls

  • On Saturday, June 28, 2014, Max wrote:

    I have been scamed by a company using ACE CASH EXPRESS as the name of there company that had all of my infomation. I was asked to purchase a Green Dot Money Pak card for $4.95 and load $150 on it and call them back afterward. Icalled and gave them the number on the card which they stated would be fully refunded in thirty minutes the loan funds would deposited into my checking account. The money has not been deposit into my checking account along with the $150 verification fee. The person used the name Kevin SMITH at (202) 241-7715 ext 785.

  • On Tuesday, June 17, 2014, Clara Hawkins wrote:

    Was scam by 4127280856.payday loans for 1,800

  • On Monday, June 16, 2014, bsp wrote:

    Alright people threaten to report them to the Better Business Bureau and the Federal Trade Commission. This is a very highly illegal form or coercion. They only call right, you don't receive anything in the mail? Tell them to mail you a bill so you know what company it is then look them up on the BBB website. If yo find them file against them. If you don't find them call the police!!! They do say they are calling from the check fraud division and they want to argue with you if you call them on their FRAUD they argue or just plain hang up on you. Whatever you do, don't give them any information. Most calls will be coming from a local area code. Once you block a number they start calling you from another one. Most likely these calls are coming from an untraceable prepaid cell phone.

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