The Washington State Department of Financial Institutions (DFI) has received a complaint that a company, using the name America Payday Loan, is conducting an advance fee scam.
The consumer reported visiting the website ameriloansearch.com and subsequently being contacted by individuals claiming to represent American Payday Loans. These individuals offered a personal loan but required the borrowers to make two payments prior to receiving the loan funds. The consumer was instructed to wire these pre-payments to the Philippines. No money is ever deposited or refunded.
America Payday Loans is not licensed by DFI.
The consumer reported that American Payday Loan representatives used the names “Sebastian Jones,” “David Johnson,” and “Matthew Cooper.” American Payday Loan gives an address of 2300 L Street, NW, Washington D.C., 20037. This address appears to be in a residential area. This company is using the phone number of (202)470-6777. DFI's research into this phone number turns up similar allegations of advance fee scam related to ameriloansearch.com. DFI’s investigation into ameriloansearch.com shows that the website appears to be registered by an individual in the Ukraine.
DFI recommends that consumers be exceedingly cautious when providing non-public personal information, such as birth date, social security number, bank account numbers, etc., on internet websites. Please see the consumer alert related to lead generators for additional information.
DFI strongly recommends that consumers deal only with those lenders that are properly licensed to conduct business. Consumers can determine whether lenders are properly licensed using the “Verify a License” feature on the DFI’s website at www.dfi.wa.gov.
If you are suspicious of unlicensed activity by a payday lender please contact the DFI at 1-877-RING-DFI (746-4334), or online at www.dfi.wa.gov.
If you feel you have been the victim of a loan scam please contact the Federal Trade Commission at 1-877-FTC-HELP (382-4357), or online at www.ftc.gov.
If you feel you have been the victim of a loan scam involving the Internet please contact the Internet Crime Complaint Center online at www.ic3.gov.
If you feel you have been the victim of a loan scam and are concerned about your personal financial information, contact your banking institution, and the three major credit bureaus.