Victim Spreads Word on Cash Advance Ripoff, Don’t Get Upcoming

Victim Spreads Word on Cash Advance Ripoff, Don’t Get Upcoming

ABC Information Fixer hears from guy drawn in by advanced-fee loan scheme.

10, 2014 ? — Dear ABC News Fixer: I was trying to obtain a payday loan june. The internet lender instructed us to deliver them a Green Dot MoneyPak card with $195 about it for insurance coverage to secure the mortgage, they might place the funds right on the card.

They were asked by me why they couldn’t simply deposit the mortgage cash into my bank-account, nevertheless the lending agent stated it had been against federal laws. Therefore, i acquired the card and scratched off the quantity in the straight straight back and read it to him within the phone. He stated the funds is for sale in a half-hour.

Twenty mins later on, he called as well as stated my Social Security number ended up being “red-flagged” and the cash couldn’t be delivered. He stated he could eliminate the “red flag” for $500 – a figure that their attorney later lowered to $203.

At that point, we said i desired my $195 right back, then again they threatened to sue me personally for the total amount for the loan — that loan we never received.

We understand now it was a fraud, and I also have closed my bank-account. They most likely have inked this to numerous other naive victims whom are simply attempting to make ends satisfy.

– Kevin Whitney, Philadelphia, Penn.

Got a customer issue? The ABC Information Fixer could possibly assist. Click on this link to submit your condition online. Letters are modified for clarity and length.

Dear Kevin: We’re therefore sorry to listen to you’ve got scammed away from $195. That’s great deal of money, particularly when funds are tight already. You want to many thanks, however, for sharing your tale with all the ABC Information Fixer. You told us you desired to make certain no body else gets fooled.

Pay day loans aren’t a lot to start out with – they’re short-term, exceedingly high-interest loans – but exactly what you’ve got entangled with was an advance-fee loan scam. Continue reading “Victim Spreads Word on Cash Advance Ripoff, Don’t Get Upcoming”