USA Payday Loan
Also known as:
- Payday Loan USA
Unlicensed Payday Loan / Advance Fee Scheme
April 17, 2012
The Washington State Department of Financial Institutions (DFI) has received several complaints from consumers who reside in Washington State, as well as consumers residing outside of Washington State. These consumers have reported similar experiences – in each case the consumers attempted to obtain an online payday loan from USA Payday Loan; however, after consumers wired money for various service related fees (application fee, insurance fee, and tax fee) no loan was provided. It has also been reported that the company often requests additional service related fees after the initial fee is wired by consumers.
The website address associated with this company is: paydayloansusaonline.com and telephone numbers that have been associated with this company in Washington State are: (206) 201-2243; (206) 201-2434; (206) 201-2464; and (206) 317-1267. There have been several addresses associated with this company: 24 Northeast Avenue, Seattle, WA 98101; 25 Northwest Avenue, Seattle, WA 98101; and 35 Northeast Avenue, Seattle, WA 98101. DFI has been unable to confirm a physical presence of this company in Washington State and has been unable to verify the addresses provided exist in the Seattle area.
USA Payday Loans is not licensed by DFI, and is not registered to conduct business in Washington by the Department of Licensing, the Department of Revenue, or the Secretary of State.
Payday Loan Collection Laws
Washington State law prohibits threatening or harassing behavior by individuals attempting to collect a debt. The federal Fair Debt Collection Practices Act states that debt collectors must send consumers a written notice within five days of the first collection phone call, stating the amount of the debt and what it relates to. Debt collectors cannot state or imply that failure to pay a debt is a crime. They cannot call before 8:00 a.m. or after 9:00 p.m. They cannot harass or abuse consumers, or contact consumers' places of employment.
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 feel you have been the victim of a loan scam please 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 please contact the Internet Crime Complaint Center online 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.