Washington State Department of Financial Institutions

Consumer Alert:
AdvanceMeToday.com

Not Licensed To Provide Payday Loans

Updated: June 14, 2013

The Washington State Department of Financial Institutions (DFI) has received many complaints against AdvanceMeToday.com whose location is unknown. This entity provides short-term (“payday”) loans to consumers via the internet. Consumers then payback the loans by authorizing repayment from their checking accounts on specific dates, typically on the next payday.

This entity then may make debits from consumers’ bank accounts for larger amounts and longer periods than necessary to repay the loan. This entity has reportedly engaged in harassing collection efforts including calling place of employment.

Advancemetoday.com is not licensed by the Washington State Department of Financial Institutions and is not registered to conduct business in Washington State by the Department of Licensing, 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 Licenses

The Washington State Department of Financial Institutions 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 www.dfi.wa.gov.

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 (382-4357), or online at www.ftc.gov.

Report Fraud

If you are suspicious of unlicensed activity by a payday lender please contact 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 or contact the Consumer Financial Protection Bureau (855) 411-2372, or online at www.consumerfinance.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.

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