Washington State Department of Financial Institutions

Consumer Alert:
Everest Cash Advance

Not Licensed To Provide Payday Loans

January 09, 2012

The Washington State Department of Financial Institutions (DFI) warns consumers to verify the license of any lender with whom they consider doing business.

DFI received a complaint from a consumer that alleged Everest Cash Advance began charging a renewal fee regarding any unpaid balance pertaining to an online payday loan. It was alleged that this fee was not disclosed until after the loan was obtained.

This company has been associated with the following address: PO Box 556, Nevis, West Indies. This company has also been associated with the email address: customerservice@everestcashadvance.com and telephone number 866-794-3244.

Everest Cash Advance is not licensed by the DFI, and is not registered to conduct business in Washington by the Department of Licensing, the Department of Revenue, or the Secretary of State.

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 Department’s website at www.dfi.wa.gov/consumers/findcompany.htm.

Report Fraud

If you feel you have been the victim of a loan scam, 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, contact the Internet Crime Complaint Center at www.ic3.gov.

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.

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