Washington State Department of Financial Institutions

Consumer Alert:
National Payday Loan aka Signmyloan.net aka Invicity

December 16, 2010

National Payday Loan provides payday loans to consumers via the internet. This company uses other internet names such as US National Payday Loan, SignMyLoan.Net, Invcity; Enom Inc, Aboriginal GR Enterprises, and GoMyTown LLC.

The Washington State Department of Financial Institutions (DFI) urges consumers to verify the license of any lending professional they are considering doing business with.

Not Licensed To Provide Payday Loans In Washington

The company is not licensed by the Washington State of Department of Financial Institutions. The company is not registered to do business in Washington by either the Department of Revenue or the Washington Secretary of State.

National Payday Loan is not licensed by the Department of Financial Institutions to lend money in Washington and does not appear to be licensed at any other Washington State agencies.

How The Scam Works

Consumers submit an online application to the company to obtain a payday loan.

Consumers report that they complete an application online and are provided the loan proceeds once they provide the representative with their banking account routing information.

Over time, the company then removes funds from the banking account allegedly without the Consumer’s permission and in excess of the repayment amounts that were agreed upon in the initial loan agreement.

The consumer may not be provided with loan agreements for their records and may have difficulty contesting the withdrawals taken.

About The Company

The Department was unable to confirm the true identity of the company that is the subject of this alert. However, the following addresses have been associated with this entity:

1959 Main Drive Unit 0860
North Vancouver, BC V7P3G1, Canada
510 boxwood Boulevard
Wilmington, DE 19808
P.O. Box 88491
418 Main Street
Vancouver, BC V6A 4A7
P.O. Box 7221
Thorndale, PA 19372

The associated website of www.signmyloan.net is still operational and may be hosted by an entity not located in the United States.

If You Feel You're A Victim

If you feel you have been a victim of a potential advance fee loan fraud, please contact the Federal Trade Commission at 1-877-FTC HELP (1-877-382-4357), or online at www.ftc.gov. Also, victims should report their experiences to the Internet Crime Complaint Center at www.ic3.gov.

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