Fraud

Consumers should watch for payday loan collection scams

Many debt collections are legal, but there are some fraudulent debt collection scams out there, including phony payday loan collection scams.
Rows of cubicles and phones

Scammers target payday loan customers

Payday loan collection scams involve harassing phone calls threatening arrest and jail if victims do not pay debts -- which they do not owe.
No Scams

Six payday loan companies charged with financial fraud

The FTC has filed suit against several payday loan companies run by Michael Bruce Moneymaker and others, saying fraud cost customers millions.
FTC Building

Payday Loans and How You Can Protect Your Personal Information From Identity Theft

Encryption of your data is just the basic level of protection you need to look for. You can also check to see if the page has HTTPS in the address bar when on application page.
Encryption of your data is just the basic level of protection you need to look for. You can also check to see if the page has HTTPS in the address bar when on application page.

Utah online payday loans lender busted for Ponzi scheme

A Utah man and his two online payday loans companies have been sued by the SEC for defrauding investors of millions with a Ponzi scheme.
Trial

Reno’s mishandling of short term loans going uninvestigated

Reno, Nevada, mishandled an $8 million loan short term from the state, but rather than investigating, the state is stretching out payments.
Loan

Payday loan collection scam victims at risk of identity theft

In a payday loan collection scam, callers claim they are collecting overdue payday loans, but don't believe them and don't give information.
Dollar bill

How People Are Taking Advantage of Installment Loans To Cover Budget Shocks Today

Budget shocks are something very common these days. Many middle class Americans have started using installment lending products to get through tough times.
Budget shocks are something very common these days. Many middle class Americans have started using installment lending products to get through tough times.

Be on the lookout for payday loan debt collection scams

Consumers can see through the payday loan debt collection scam if they understand their rights, the law and their finances. Don't get duped.
seeing through a payday loan debt collection scammer