Washington State Department of Financial Institutions

Consumer Alert:
Amway Finance Group: Possible Advance Fee Scam

Possible Advance Fee Scam

January 28, 2010

There may be legitimate, licensed companies with names that are the same or similar to Amway Finance Group. The Washington State Department of Financial Institutions is warning consumers to verify the license of any lending professional they are considering doing business with to avoid becoming victims of potential scams.

Amway Finance Group may be conducting an advance fee loan scam. They have a listed address of:

123 Oliver Street
Boston, MA 02110

This address does not appear to be a valid address for Amway Finance Group.

Amway Finance Group has listed a telephone number of 877-245-6821 and fax number of 877-839-8613.

Neither the Washington State Department of Revenue nor the Office of the Secretary of State shows that Amway Finance Group is authorized to do business in Washington. The company is not licensed by the Department of Financial Institutions.

How The Potential Scam May Work

If You Feel You're A Victim

If you feel you have been a victim of a potential advance fee loan scam, please contact the Federal Trade Commission at 382-4357 (1-877-FTC HELP), or online at www.ftc.gov. Also, victims should report their experiences to the Internet Crime Complaint Center at www.ic3.gov.

Consumers should know that Washington state law prohibits threatening or harassing behavior by individuals attempting to collect a payday loan. Only licensed companies are permitted to make payday loans in Washington.

<< Back to Consumer Alerts