BBB Issues Consumer Alert for Arizona
Better Business Bureau Issues Consumer Alert for Arizona Consumers
Scam Callers Claiming to Represent Payday Loan Providers Victimize Citizens
by Kevin Schneider on August 25, 2011
On August 25th, the Better Business Bureau of Southern Arizona issued a consumer alert to warn consumers in the area of scam callers. According to the alert, the BBB has received numerous complaints from consumers about scam artists trying to pressure victims into repaying made-up debt.
Claiming to work for various payday loan providers, the scam artists may use scare tactics to receive payment such as threatening violence, using abusive language, and telling consumers they will be imprisoned. All these are illegal actions thanks to the Fair Debt Collection Practices Act. The alert says that some of the scam phone calls have been linked to recent security breaches in financial institutions.
There have been other versions of this type of scam reported in the area as well. Some callers claim to be working for some form of law enforcement and demand payment on a loan. Never give out your personal information to an unverified caller. One way to ensure you are dealing with a real debt collector is to ask for documentation of the debt, this is another stipulation of the FDCPA. Anyone who refuses to do so is breaking the law.
If you would like to learn more about these types of scams, read the numerous informative articles on the CashAdvance.com Scams section. This is also a good time to say that CashAdvance.com will never call you about any debt, real or otherwise. Anyone claiming to work for CashAdvance.com who demands payment on a defaulted loan is a scam artist.
This type of scam may be currently affecting Arizona, but it is all too common throughout the country. Even if you do not live in the Grand Canyon State, it is important to remain aware and vigilant of potential scams. Some scam artists are even able to tell you your own personal information, such as bank account or social security numbers. They will use this information against you, attempting to pressure you into giving out your credit card, a decision that can have catastrophic consequences for your savings.
Since 1997, CashAdvance.com has been the most established and trusted name in the cash advance industry, connecting over a million consumers with payday loans from its vast network of reliable lenders.
© 2012 CashAdvance.com All Rights Reserved.
CashAdvance.com is Hawk, LLC, which is a limited liability company chartered pursuant to the laws of the Ute Indian Tribe and is wholly owned by enrolled members of the Ute Indian Tribe. By your use of this website you consent to the laws and jurisdiction of the Ute Indian Tribe as it relates directly or indirectly to your use of this website.
Consumer Notice: A cash advance, also referred to as a payday loan or payday advance, is a small, short-term loan that is intended to cover a borrower's expenses until the following payday. Cash advances are intended for short-term financial relief and do not constitute long-term financial solutions. Consumers facing debt and credit difficulties should seek out debt and credit advisory help. Consumers are encouraged to consult our State Consumer Resource pages to learn more about the risks involved with cash advances, local laws and regulations that may be applicable to cash advances, possible loan alternatives and recent developments in their state.
Legal Disclaimer: This website does not constitute an offer or solicitation to lend. CashAdvance.com is not a lender, does not broker loans, and does not make loan or credit decisions. The operator of this Web Site is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product. CashAdvance.com provides a service only and is not acting as a representative, agent, or correspondent for any service provider or lender. CashAdvance.com's aim is to inform users of possible lenders who may be able to satisfy the needs of a particular consumer. CashAdvance.com does not endorse any particular service provider, lender, nor loan product. You are under no obligation to use CashAdvance.com's service to initiate contact, nor apply for credit or any loan product with any service provider or lender. Service providers or lenders will typically not perform credit checks with the three major credit reporting bureaus: Experian, Equifax, or Trans Union. However, credit checks or consumer reports through alternative providers such as Teletrack or DP Bureau, which typically will not affect your credit score, may be obtained by some service providers or lenders, in certain circumstances. You will not be charged any fees to use CashAdvance.com's service. Learn more on our Rates & Fees section.
Availability: Residents of some states may not be eligible for a short term cash loan based upon lender requirements. CashAdvance.com does not guarantee that completing an inquiry form will result in you being matched with a service provider or lender, being offered a loan product with satisfactory rates or terms, nor receiving a loan from a service provider or lender.