Consumer Alert:
Bottom Dollar Payday Loan Services
Also doing business as:
- BD PDL Services LLC
- International Equities Group, LLC
- Paradise Cash Advance
Unlicensed Payday Loans
January 06, 2012
The Washington State Department of Financial Institutions (DFI) is warning consumers to verify the license of any lender with whom they consider doing business with.
DFI has received complaints from consumers who reported they obtained an online payday loan from Bottom Dollar Payday Loan Services, LLC a/k/a PDL Services LLC or International Equities Group, LLC d/b/a Paradise Cash Advance. The consumers alleged that after receiving a payday loan the terms regarding fees and interest changed and that when contacted regarding repayment the callers were inappropriate and threatened the consumers with legal action.
These entities have been associated with the following address: Hunkins Waterfront Plaza, Ste 556, Charlestown, Nevis,West Indies; web address: bottomdollarpayday.com and email address: customerservice@paradisecashadvance.com.
The companies listed above are not licensed by DFI, and are not registered to conduct business in Washington by the Department of Licensing, the Department of Revenue, or the Secretary of State.
Verify Licenses
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.
Report Fraud
If you feel you have been the victim of a loan scam, 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, contact the Internet Crime Complaint Center 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.
