Washington State Department of Financial Institutions

Consumer Alert:
EZZY Cash International

Unlicensed Payday Lender

July 21, 2011

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

DFI received a complaint from a consumer relating to a transaction entered into with EZZY Cash International. The consumer alleged that this entity threatened and harassed her regarding a payday loan, though the consumer never agreed to such a loan transaction and never received funds.

EZZY Cash International is not licensed by DFI, or registered to do business in Washington by either the Department of Revenue or the Washington Secretary of State.

DFI was unable to locate or contact this entity. Many entities advertising the provision of payday loans use similar names. This entity may be in the practice of engaging in unlicensed lending activity and defrauding consumers.

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 DFI's website at www.dfi.wa.gov.

Payday Loan Debt Collection Laws

Washington State law prohibits threatening or harassing behavior by individuals attempting to collect a debt. The federal Fair Debt Collection Practices Act states that debt collectors must send consumers a written notice within five days of the first collection phone call, stating the amount of the debt and what it relates to.

Debt collectors cannot state or imply that failure to pay a debt is a crime. They cannot call before 8:00 a.m. or after 9:00 p.m. They cannot harass or abuse consumers, or contact consumers’ places of employment.

Report Violators

If you are suspicious of unlicensed activity by a mortgage broker or loan originator, 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.

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

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