Not Licensed To Provide Payday Loans
May 3, 2011
The Washington State Department of Financial Institutions is warning consumers to verify the license of any lending professional they are considering doing business with.
AdvanceMeToday.com provides short-term loans (“payday loans”) to consumers via the internet. AdvanceMeToday.com is engaged in lending money short-term to consumers who pay back the loans by authorizing repayment from their checking accounts on specific dates, typically on the next payday. AdvanceMeToday.com may make debits from consumers’ bank accounts for a longer time and for larger amounts than necessary to repay the loan.
AdvanceMeToday.com is not licensed by the Washington State Department of Financial Institutions. The company is not registered to do business in Washington by either the Department of Revenue or the Washington Secretary of State. It appears that the company may be located in Costa Rica.
The Department strongly recommends consumers only deal with those payday loan companies that are properly licensed by the Department to conduct such business.