(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 53 comments

  • On Monday, September 29, 2014, JANET HARVARD wrote:

    I JUST RECEIVED A CALL FROM A Ms. Williams, SAYING SHE WAS WITH PDA GROUP. SHE SAID I HAD AN OUTSTANDING LOAN WITH SSM GROUP, LLC FOR A PAYDAY DAY LOAN.THIS IS THE NUMBER SHE CALLED FROM (269)4095582. I PAID A SSM LOAN OFF IN JAN 2014, AND HAD NO OTHERS. I HAVE A LETTER SHOWING THE LOAN WAS PAID. SHE SAY I OWE THESE PEOPLE, AND LEGAL ACTION WILL BE TAKEN.

  • On Saturday, September 20, 2014, Shekka wrote:

    There are people all around the world asking to put between $100 and $400 on a Green dot card. One of them was named Adam Ryan. Another called saying something about eliminating payday loans. If it is you that's their next victim, don't fall for it. If it's that real, payday loan companies don't ask for anything upfront

  • 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!

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