Business provides strategies for avoiding cash advance and business collection agencies frauds
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SPARTANBURG, S.C. , June 16, 2015 /PRNewswire/ — Advance America, a nationwide provider of payday loans as well as other monetary solutions, has become conscious of a unique revolution of frauds focusing on customers in Texas . These scam performers, posing as Advance America representatives to get funds from naive customers, have been in no method associated with the business.
In the last couple weeks, in specific, scammers have contacted residents claiming they have been pre-approved for the loan, after which asking them to shop for a prepaid debit card or cable cash as a “processing cost” or “good faith deposit.” In other instances, scammers look for to gather on “unpaid” pay day loan financial obligation, usually threatening arrest or appropriate action or demanding individual economic information within the phone.
“Scammers usually utilize the trustworthiness of the best, respected company to con victims from their cash,” stated Patrick O’Shaughnessy , president and CEO of Advance America. “Legitimate payday loan providers such as for example Advance America are highly managed at both their state and federal degree and will never make use of the form of fraudulent and unlawful strategies used by scam musicians.”Read More›