Customer Alert: Scammers Claiming to Express Advance America Target Maine People

Customer Alert: Scammers Claiming to Express Advance America Target Maine People

SPARTANBURG, S.C., Nov. 13, 2014 /PRNewswire-USNewswire/ — Advance America, a nationwide provider of payday loans as well as other monetary services, has become alert to a brand new revolution of frauds targeting customers in Maine. These scam designers, posing as Advance America representatives to get cash from naive customers, have been in no real means associated with the business. As a result of state laws, Advance America doesn’t currently provide loans that are payday Maine residents.

In the last couple weeks, in particular, scammers have actually contacted Maine residents claiming they have been pre-approved for the loan, after which asking them to acquire a prepaid debit card or wire cash as a “processing cost” or “good faith deposit. ” In other instances, scammers look for to gather on “unpaid” cash advance financial obligation, usually threatening arrest or appropriate action or demanding individual monetary information on the phone. Scammers went so far as sending residents loan that is fraudulent utilising the Advance America logo design.

“Scammers frequently utilize the trustworthiness of the best, respected company to con victims from their cash, ” said Patrick O’Shaughnessy, president and CEO of Advance America. “Legitimate payday loan providers such as for instance Advance America are very controlled at both their state and level that is federal won’t ever make use of the type of fraudulent and unlawful techniques used by scam performers. “

Advance America urges customers to spot the caution signs and symptoms of economic fraud and follow these strategies for avoiding cash advance and commercial collection agency frauds. If people suspect being scammed, they ought to report it instantly to neighborhood police and also to the financial institution that the scammer claims to express. If you have been contacted by some body claiming to express Advance America, please phone 888-310-4238.

Learn signs and symptoms of a fraud

Federal legislation strictly regulates exactly exactly just how genuine bill enthusiasts and loan agents may do company. The federal Fair Debt Collection methods Act (FDCPA) particularly forbids loan companies from being abusive, unfair or misleading in attempting to gather a financial obligation. Regulations especially claims debt collectors cannot threaten customers with arrest or prison time when they do not pay their bill payday loans New Mexico. If somebody claims you are going to face unlawful prosecution them money, it’s almost certainly a scam unless you immediately wire.

Scammers might also claim you to get a prepaid debit card or cable cash as a “processing cost” or “good faith deposit. You have now been pre-approved for the loan, then need” Others may actually be identification thieves off to get the individual or economic information.

How to prevent Scams:

As well as focusing on how loan providers and bill enthusiasts can run, customers should additionally do something to protect themselves, including:

  • Never ever offer information that is personal such as your Social Security number or banking account information online or higher the device without confirming that you will be working together with the best loan provider or bill collector. To validate, phone the establishment straight right back making use of an understood number, including the true quantity noted on your declaration or in the straight back of one’s credit/debit card.
  • Be dubious of every e-mail with urgent needs for personal information that is financial. If a message demands action that is immediate makes upsetting or exciting false statements, it is most most most likely a fraud.
  • Verify business licenses whenever obtaining a loan on line. Genuine loan providers will show state licenses to their web sites to validate they are full-service, certified lenders complying with state and laws that are federal.
  • Never wire cash or offer debit that is prepaid information up to a loan provider claiming you’ve got been pre-approved for the loan and must make a short re re payment as a “show of great faith. ” Genuine loan providers usually do not offer approvals just before application and don’t need faith that is good.
  • Keep anti-virus, anti-malware, and spam e-mail security pc computer software as much as date on all of your computing products.
  • Preserve accurate documentation of all of the debt that is outstanding and consist of loan provider email address.
  • Frequently always check your bank, credit and debit card statements to make certain there are not any unauthorized transactions. Likewise, look at your credit report (using Equifax, Experian, or TransUnion) every four months on a basis that is rotating credit file tend to be one of the primary places where signs and symptoms of identification theft or fraudulence can look.
  • If somebody draws near you claiming you borrowed from them a financial obligation, need they supply written proof your debt while the statutory legislation requires – particularly if it really is for a charge a fee do not recognize.

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