Cash Yes Not Licensed In Washington

Date Posted: 
Tuesday, October 1, 2013

Alert updated: 10/01/2013
Originally posted: 06/21/2012

It has been reported that Cash Yes is operating as an unlicensed online payday lender. Washington consumers have reported that Cash Yes charged fees in excess of the agreed amount and would not provide an installment plan.

Addresses associated with Cash Yes are: Marina Towers, Suite 508, Newtown Barracks Rd., Belize City, Belize C.A., and PO Box 1469 Belize City, Belize, C.A. Cash Yes’s telephone number is: 1-866-568-1419, and Cash Yes’s email address is:

Cash Yes is not licensed by the Washington State of Department of Financial Institutions, Washington State Department of Revenue, or the Washington State Secretary of State. Washington residents are advised that state law provides in RCW 31.45.105(1)(d) and (3) that a small loan made by an unlicensed entity to a person physically located in Washington is uncollectible and unenforceable in Washington State.

Verify Licenses

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 DFI’s website at

Payday Loan Debt Collection Laws

Collection activities are subject to the federal Fair Debt Collection Practices Act. Therefore, if you have questions regarding debt collection laws please contact the Federal Trade Commission at 1-877-FTC HELP, or online at

Report Fraud

Washington State residents, if you are suspicious of unlicensed activity by a payday lender please contact the Washington State Department of Financial Institutions at 1-877-RING-DFI (746-4334), or online at

If you live in another state, find your state regulator.

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; or contact the Consumer Financial Protection Bureau (855) 411-CFPB or online at Because the scammers have access to bank account information and social security numbers, victims should consider themselves victims of identity theft and take appropriate precautions. The Federal Trade Commission has information for victims of identity theft available online at

If you feel you have been the victim of a loan scam involving the Internet please contact the Internet Crime Complaint Center online at

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.