(39 votes)

Payday Loan Call

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How the scam works:

(with video below) 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.

Watch the video below to see in action the payday loan scam, reported in the news.

Payday Loan Scam in the News Video 

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. You can also report the scam on this page: Federal Trade Commission Report.

Make your friends and family aware of this scam by sharing it, using the buttons provided.

There are 117 comments

  • On Wednesday, April 22, 2015, Laurie wrote:

    I received a call from Inside Capital, LLC stating that I owed $1054 for a payday loan that I took out in 2010. First of all, I was sick with cancer that year and was collecting disability. They also provided me with an old email address and home address from 2006. They got $200 out of me today. I realized right after I hung up the phone that I was scammed. They also have an office here in the state of Louisiana called PreTrial Services (337)205-0670. They threatened to put a hold on my drivers license and press fraud charges. I contacted my bank immediately. The phone number that originally called me is (401)433-7979.

  • On Monday, April 20, 2015, Demetria wrote:

    You will be serve to appear before a judge on tomorrow. An you will have to appear in person next week. If you cannot make it you need to call 1-&44-321-4507, I called the number answer machine said I had reached Delaware and the person name was Tom Wilson. He stated I needed to leave a message.

  • On Monday, April 20, 2015, dyangilligan wrote:

    I received a phone call from some company
    telling me I received funds from vin capital in 2012 the funny thing is they have no contact info for the company or how much the payloan is for I called my bank and I never received funds from them scam

  • On Monday, April 13, 2015, Barbara wrote:

    Today I have been called by Nationwide Credit Recovery (662-223-3185) first on my work phone then on my cell phone. After talking with Sharon Smith they contacted my brother and my ex-husband asking if they knew how to contact me. They are harassing me for a payday loan that I never took out dated four years ago 9/2011. They are claiming that I have defaulted on this loan and that they are taking me to court. I told them that they were not taking me to court because they couldn't even tell me who I owed. Just that they received the information from Vin Capital LLC, of whom I have never of heard. after talking to them twice today, I called them back and told them DO NOT call my family members again!! They are blocked from my phone. I wish there was some way I could press charges against them for harassment!

  • On Friday, April 10, 2015, renee wrote:

    Rcvd a call from 406-209-0300, said they were trying to locate me due to fraud charges against me. They said I would be arrested at my home in 24 hrs without calling Atlantic at 866-695-0678 and giving them my case #. I have already reported them to Montana State, they assured me this is a scam. The representative for State of Montana said one sure fire way to know it's a scam is if they treaten to arrest you. The charges that they claimed were being brought against me are supposedly for the county I live in, so why the need to locate me? I pay taxes to my county they know exactly where I am. Scam Scam Scam!!

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