Just like a Bank, Just Better!

Cash advance scams may seem like old news, but they??™re more prevalent than in the past. In reality, in 2018, the FTC paid a complete of $505 million to one or more million victims of pay day loan frauds.

A caller claiming to represent a collection agency who is acting on behalf of a loan company tells victims they must pay their outstanding balance on a payday loan in this scam. They??™ll ask victims to ensure details that are identifying such as for example their date of delivery if not their Social Security quantity. Continue reading →