Cash Advance America – Imposters

Consumer Alert
Cash Advance America

Advance Fee Scam

Updated: December 19, 2013
Originally posted: October 26, 2012

The Washington State Department of Financial Institutions (DFI) has received two reports of possible scams conducted by individuals claiming to represent Cash Advance America.

One Washington consumer reports that he has received multiple harassing collection calls from Cash Advance America. The caller claims that the consumer owes debt for a 2007 payday loan, but refuses to provide any details about the debt. The consumer states that he did not take out any payday loans in 2007.

Another Washington consumer reports that she received a phone call from Cash Advance America offering a loan if the consumer wired an upfront fee. When the consumer refused, the caller threatened legal action against the consumer.

Cash Advance America is associated with the following contact information:

Phone Number: 315-625-1913
Phone Number: 360-362-5979
E-mail Address: cashadvanceamericas@rocketmail.com

Cash Advance America is not licensed by the Washington State of Department of Financial Institutions or the Washington State Department of Licensing. It is not registered with the Washington State Department of Revenue or Washington Secretary of State.

Verify License

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/consumers/findcompany.htm.

Payday Loan Debt Collection Laws

Collection activities are subject to the federal Fair Debt Collection Practices Act. Therefore, if you have questions regarding debt collection laws please contact the Federal Trade Commission at 1-877-FTC HELP, or online at www.ftc.gov.

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 Fraud

Washington State residents, if you are suspicious of unlicensed activity by a payday lender please contact the Washington State Department of Financial Institutions at 1-877-RING-DFI (746-4334), or online at www.dfi.wa.gov.

If you live in another state, find your state regulator.

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; or contact the Consumer Financial Protection Bureau (855) 411-CFPB or online at www.consumerfinance.gov. Because the scammers have access to bank account information and social security numbers, victims should consider themselves victims of identity theft and take appropriate precautions. The Federal Trade Commission has information for victims of identity theft available 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.

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.

If you need a short term loan, you may be tempted by ads touting online payday loans. But before you click on a link, the Federal Trade Commission (FTC), the nation’s consumer protection agency, has a few caveats to share.

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