VIP PDL Services, LLC - Unlicensed Payday Loans

Date Posted: 
Tuesday, January 21, 2014

Also doing business as:

  • The VIP Loan Shop

Unlicensed Payday Loans

Originally Posted: February 22, 2011

The Washington State Department of Financial Institutions (DFI) has received complaints from Washington consumers who reported they obtained online payday loans from VIP PDL Services, LLC d/b/a The VIP Loan Shop d/b/a (VIP Loan Shop). VIP Loan Shop operates a website at and, which lists a contact phone number of 1-866- 598-1100, and email address of VIP Loan Shop has a purported business address at: 4 Solomon’s Arcade, Charlestown, Nevis, West Indies.

VIP Loan Shop is not licensed by DFI as a small loan or payday lender, and is not registered to conduct business in the state of Washington by either the Department of Revenue or the 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 License

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

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

Debt collectors cannot state or imply that failure to pay a debt is a crime. They cannot call before 8:00 a.m. or after 9:00 p.m. They cannot harass or abuse consumers, or contact consumers' places of employment.

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.