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Phone Scams Hamper Payday Loan Businesses And Their Clients

Recently the Internet Crime Complaint Center has been sent a lot of letters with complaints from people who happened to be victims of payday loan telephone collection scams.

According to the complaints scams phoned people and informed them of a loan they must repay as soon as possible. The scams introduced themselves as representatives of Federal Legislative Department, FBI, law firms and of anything that is connected with legal sphere. They imperatively asked people to repay their payday loans to companies as U.S. Cash Advance, United Cash Advance, U.S. Cash Net etc.Phone Scams Hamper Payday Loan Businesses And Their Clients

Probably the most disturbing thing is that the callers knew a lot of personal information about their victims. The scams knew Social Security numbers, addresses, dates of birth, bank account numbers, employer information, which is too much unpleasant. However, to top it up they also could name the names and phone numbers of victims' friends and relatives.

Where did the scams get this information? - is still an open question. Nevertheless it might have a connection with filling out unsecured loans application forms, as some victims said the calls had started after they had submitted their application forms.

The trick behind the scams wasn't that difficult to settle. Scams provided only more personal information and couldn't provide any detail regarding the loans they were talking about.

Study the following tips that can prevent you from becoming a a victim of this scam:

  • Be very alert and never show anyone your Social Security number-or personal information of any kind-over the telephone or online unless you know the person or 100% sure you are on secured webpage.
  • Don't believe urgent e-mails that ask you to provide this or that information very quickly. The e-mail may include upsetting or exciting but false statements to get you to react immediately.
  • Make sure you have up-to-date browser and security patches have been applied.
  • Avoid filling out forms in e-mail messages that request personal information.
  • When you contact companies, use numbers provided on the back of cards or statements.

If you receive calls similar to those that victims had received, you should do the following things.

  • File a complaint at
  • Contact the three major credit bureaus and request an alert be put on your file.
  • Inform you banking institution of such kind of problem.
  • Contact your local law enforcement agencies if you feel you are in immediate danger.
Posted on Sun, 2010-12-26 16:31
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