Consumer Alert:
Hong Kong Partners, LTD
(Cash Yes)
Unlicensed Payday Lender
Updated: May 15, 2013
It has been reported that Cash Yes is operating as an unlicensed online payday lender. Washington consumers have reported this company charged fees in excess of the agreed amount and would not provide an installment plan.
Addresses associated with this entity are: Marina Towers, Suite 508, Newtown Barracks Rd., Belize City, Belize C.A., and PO Box 1469 Belize City, Belize, C.A. The telephone number is: 1-866-568-1419, and the email address is: infocy@cashyes.com.
This entity is not licensed by the Washington State of Department of Financial Institutions, Washington State Department of Revenue, or the Washington State 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
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 www.dfi.wa.gov.
Report Fraud
If you are suspicious of unlicensed activity by a payday lender please contact the Department 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.
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.
