(37 votes)

Payday Loan Lawyer

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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.

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There are 62 comments

  • On Thursday, November 20, 2014, Geneva Richards wrote:

    Received a call today from Capital Providence regarding a 2008 payday loan thru cashnet usa. I had paydays loans back during that time. I gave my card info and told them they could process it on 11/28. After doing some research after the call, I went to my local sheriffs office and city police department and was advised to cancel my debit card. Went to my bank and cancelled the card before they could take the money. Won't fall for that one again. I called the company back to get the docket number they were referencing and was transferred, left on hold for 10 minutes and the call dropped. When I tried to call back my call was directed to a generic voice mailbox. Be wary of Capital Providence.

  • On Wednesday, November 19, 2014, Nothatdumb wrote:

    Mediation Services Group, collection for WESTGATE Pay Loan 888-243-8686, John Palermo....same scam claims we owe 2008 pay day loan, threatens to serve summons unless we settle today via phone...even emailed us a crappy looking settlement letter from legal@mmprocessing.com...DO NOT pay them anything,contact authorities and FBI Hotline for this type of scam, they were very interested in the documentation, phone numbers and email address we provided...

  • On Wednesday, November 12, 2014, Lisa wrote:

    was called on 4Nov14 and was told i took out a payday loan back in Aug of 2008. Which at the time I was overseas. They threatened me with lawsuit and when asked for documentation he got mad at me and started telling me "this is life" and that even if i was not the one that did it my name was on the check. when asked what was the bank he gave me my ex-husbands bank not mine. He also sent me a settlement letter that he wanted me to sign since i did not sign he called me today 12Nov14 and got mad when i told him to send the so called documentation to my local Police Department. His information is Anthony Ervin and claims he is from Alvarez Sinclair Associates (when googled nothing shows up) the two numbers that he has called me from are 888-339-7797 and 888-541-5077....
    when i contacted my local police they told me just to hang up on them and that their are several of them out there.

  • On Friday, November 07, 2014, valeria wrote:

    watch out for usr solutions llc....tried to scam my niece and nephew for over 750.00 by telling the nephew that his sister took out a payday loan in "HIS "Name over 2yrs ago..and then he went on to tell my nephew all kinds of info about where he use to work at,live at,his mother's name etc,etc...and the nephew fell for it and became angry with his sister.and then gave them his sisters telephone number...so a Mr Robert Loven calling from a restricted number left a message for the sister to call him at 214-613-0424 within the hour...i called back for her and knew it was a scam as soon as i asked him for documentation,and i even asked him where is the court house located at in my city,and asked him where is our police department etc, he became angry and started calling me names of a racial nature....never fall for something like that mainly when they are trying to get you to pay up money from your bank account or debit or credit cards....tell em you will pay the court see you there .....and hang up!!!!

  • On Tuesday, November 04, 2014, jennifer wrote:

    was told I was approved for a thousand dollar loan just needed to make prove that I could cover thE 24 months installment deal of $130 a month. I went to the CVS as purchased a my vanilla card loaded it with 130 and I gave the 9 digit PIN to the company the company never loaded funds in my account and I never got my money back from the company that I who I purchase the card from

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