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‘Payday’ loan scam ‘hitting hard’

By MELINDA WILLIAMS

melinda@southwesttimes.com

 

A Payday Cash Advance loan scam Pulaski Police Department warned about in April is “hitting us hard now,” according to Officer Megan Jennings.

She said the department is receiving complaints about a telephone scam that seeks to entice victims to repay loans that never existed. Anyone receiving a call from a company who claims to be collecting on an unpaid Payday Cash Advance loan should be weary of the call, she said, “because it’s probably a scam.”

Jennings said the callers perpetuating the scam claim they represent a collection agency working on behalf of the loan company. They claim the scam victim is delinquent on a loan and that legal action will be taken if the loan isn’t paid. They typically urge the victim to use a pre-paid credit card to make the payment.

In some cases, she said, callers have threatened the victim.

In an effort to convince the victim the caller is legitimate, a call back number is usually provided. However, Jennings said these numbers are either disconnected or “not reachable.”

If the caller agrees to provide paperwork to authenticate the transaction, she said it usually doesn’t display a company name or telephone number, but does include a fax number.

Those who think they may have fallen victim to this or any other scam should call the police department at 994-8680.

 

Comments

comments

3 Responses to ‘Payday’ loan scam ‘hitting hard’

  1. SHIRLEYRAINES

    June 21, 2013 at 9:55 am

    last year i got scamed out of over a 1000.00by thes ,its the worstpeople dont talk to them hang up its the worst scam ever and when they get your money you never get a recite and it never stops they will continue to scam you using other ways warn people dont talk to them dont let them hassle you like they did me i had to take my phone out to stop them and go get a cell phone

  2. Some Dude

    June 22, 2013 at 4:31 pm

    Even a legit payday load borders on a scam. Can we report those too?

  3. Cristy

    June 26, 2013 at 2:47 am

    I felt obligated to post because I received a call like that sometime around November, last year. I wonder why it resurfaced. But I think more people are aware by now.

    With the call I received, the caller claimed I took out a loan 19 months ago and that I should make an immediate payment over the phone or face a lawsuit. But as much as the caller was trying to intimidate me into disclosing my credit card number, I knew it was a bluff and hung up. I also reported the call to Callercenter.com to raise a warning. I’m afraid others might actually fall for the scheme.

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