Discount Advances Not Licensed In Washington

Date Posted: 
Friday, September 27, 2013

Also doing business as:


The Washington State Department of Financial Institutions (DFI) has received complaints from Washington consumers who reported they obtained online payday loans from Discount Advances Payday Loans. The consumers complained of excessive fees and interest, and the entity continuing to withdraw money out of their bank account after the loan had been paid off.

Discount Advances Payday Loans operates a website at On its website, the entity identifies its location and contact information as:

DiscountAdvances, an, Inc. company, Inc.

1712 Pioneer Ave

Suite 1410

Cheyenne, WY 82001

Phone: 800 446-8482

Additionally, the following websites appear to be associated with Discount Advances Payday Loans:, and

These entities are not licensed by the Washington State Department of Financial Institutions as small loan or payday lenders. These entities are also not registered to conduct business in Washington State by the Department of Revenue or the Secretary of State.

Uncollectable Debt

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 residents verify the license of any lender with which they consider doing business with. Consumers are urged to verify licensing status prior to giving the lender nonpublic personal information, such as social security number and checking account access. You can verify a license with DFI at or by calling 1.877.RING DFI (746-4334).

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.