Alert updated: 01/04/2016
Initially posted: 10/01/2012
The Washington state dept. of Financial Institutions (DFI) warns consumers to validate that any loan provider with that they start thinking about conducting business holds a Washington State permit for providing loan that is payday. Individuals are advised to confirm licensing status just before giving the financial institution nonpublic information that is personal, such as for example social safety quantity and bank checking account access.
DFI has received complaints regarding an ongoing company or specific defined as Shawn Clark. Washington State customers stated that the person offered that loan amount in the event that Washington State customer offered an advance payment of $239.00, to guarantee the complete loan quantity of $5,000.00. Following this sum had been given by the customer, the mortgage quantity had not been forthcoming.
The phone quantity from the entities that are unlicensed above is: 206-452-3615
DFI identified that the quantity is operated by Skype Communications SA, and likely through a Voice over online company (VoIP). Unlicensed entities frequently employ solutions such as for example VoIP to perpetuate a fraudulence because of the trouble in distinguishing the area regarding the person using the telephone number.
This contact number appears related to past activity that is fraudulent DFI identified:
As an example, DFI received a tip that some body calling out of this number ended up being trying to gather on non-existent debts. The buyer declined to the give any information that is financial funds towards the caller, and relied on a previously consumer tuned in to avoid damage.
DFI additionally received complaints regarding an ongoing business recognized as Advance pay day loan. Washington consumers have actually reported these were given a business that is purported for Advance cash advance during the Seattle Municipal Tower, that is found at 700 5th Avenue in Seattle, Washington. The Department has confirmed that the occupants of this Seattle Municipal Tower usually do not add any company utilizing the title of Advance cash advance.
The telephone figures connected with Advance pay day loan consist of 360-483-5116, 360-483-5106, and 206-452-3600. An internet site related to this business was recognized as www.2000loans.net. The Department doesn’t have other email address.
DFI also received a complaint from a customer who had been the goal of a advance charge loan scam by people claiming to be representatives of Advance Loans. Following the customer sent applications for a loan on the web, a agent offered the buyer a $10,000 loan in the event that customer first compensated an advance charge of $480. The representative demanded additional fees after the consumer paid the fee. The buyer never received a refund or loan. The device quantity related to this obvious scam is 206-452-3615. A representative identified the company’s business address as 91 S. Jackson St. in Seattle, Washington, which is apparently a postoffice.
These firms are not certified by DFI to deliver loans, and tend to be maybe not registered to conduct business in Washington State because of the Department of income or even the Secretary of State. Washington residents are encouraged that state legislation provides in RCW 31.45.105(1)(d) and (3) that a little loan produced by an unlicensed entity to someone actually based in Washington is uncollectible and unenforceable in Washington State.
Verify Licenses
DFI highly recommends that customers deal only with those loan providers which are correctly licensed to conduct business.
customers can see whether loan providers are correctly certified utilizing the “Verify a permit” function from the Department’s site at www.dfi.wa.gov.
Cash Advance Commercial Collection Agency Laws
Collection tasks are susceptible to the Fair Debt Collection 
Practices that is federal Act. Consequently, for those who have concerns regarding debt collection rules please contact the Federal Trade Commission at 382-4357 (1-877-FTC HELP), or online at www.ftc.gov.
Report Fraud
Washington State residents, if you should be dubious of unlicensed task by a payday loan provider please contact the Department at 1-877-RING-DFI (746-4334), or online at www.dfi.wa.gov.
If you’re an additional state, go directly to the after website to get the regulator at home state: http://mortgage.nationwidelicensingsystem.org/consumer/Pages/AgencyContacts.aspx.
You have been the victim of a loan scam please contact the Federal Trade Commission at 1-877-FTC-HELP (382-4357 if you feel)
or online at www.ftc.gov; or contact the buyer Financial Protection Bureau (855) 411-CFPB (2372) or online at www.consumerfinance.gov. As the scammers gain access to bank-account information and security that is social, victims must look into on their own victims of identification theft and simply simply simply take appropriate precautions. The Federal Trade Commission has information for victims of identification theft available online at www.ftc.gov.
You have now been the target of financing scam concerning the Internet be sure to contact the world wide web Crime Complaint Center online at www.ic3.gov should you feel.
If you think you were the target of that loan scam as they are concerned with your own personal monetary information, speak to your banking organization, while the three major credit agencies.
