February 01, 2012
DFI received two complaints from consumers against an entity involved in unlicensed, online payday loans, St. Armand’s Group, LLC, or St. Armand’s Services (St. Armand’s). The consumers alleged that St. Armand’s electronically deposited funds into their accounts then withdrew funds without their permission.
St. Armand’s is not licensed by DFI, or registered to do business in Washington by either the Department of Revenue or the Secretary of State. DFI was unable to verify its identity or contact information.
DFI strongly recommends that residents verify the license of any lender with which they consider doing business with. Consumers are urged to verify licensing status prior to giving the lender nonpublic personal information, such as social security number and checking account access. You can verify a license with DFI at www.dfi.wa.gov or by calling 1.877.RING DFI (746-4334).
If you feel you are in immediate danger contact local law enforcement.
If you are suspicious of unlicensed activity by a consumer lender, contact DFI at 1-877-RING-DFI (746-4334), or online at www.dfi.wa.gov.
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.