(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.

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

There are 57 comments

  • On Thursday, October 16, 2014, Fitil wrote:

    A loan company naming themselves as Loans and Credit Solutions ltd are scamming.. Asking for Ukash vouchers to process your loan then taking your money and proving no loans at all... These are people out to scam everyone and have no intention of sending loans at all. Stay clear

  • On Monday, October 13, 2014, Louise Brinkman wrote:

    Lake Side Processing Solutions - saying they are with Peach tree and Riverside. I got a call at work stating that I better pay my loan off or the locator was going to serve me with papers. They called my boss and my mother stating that I was in trouble it was fraud. The locator - Mr sugerman called my boss and stated that I was in trouble.

  • On Wednesday, October 08, 2014, Brent wrote:

    Has anyone got a phone call from a company called API. They called me threatening me with a law suit. Something along the lines of a payday loan. I never did what they said. Now im gonna have felony charges against me. 8327426930 is the number. Please be ware, and let me know if anyone is having same problem...

  • On Wednesday, October 01, 2014, STEPHANIE wrote:

    Phone numer (615)3264006-CALLED ME WHILE I WAS AT WORK. INFORMED ME THAT THEY WERE WITH JHS MARKETING. COULDN'T PROVIDE ME WITH LEGAL DOCUMENTATION. BECAME RUDE WHEN I ASKED FOR OFFICIAL DOCUMENTATION.

  • 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.

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