3/18/2011 7:54 AM (PST)

Scam! The Internet Crime Complaint Center, or IC3, recently issued an alert regarding a telephone scam related to overdue payday loans. Consumers are receiving phone calls from people falsely representing law firms, the FBI, and other agencies, claiming to be collecting debts from well known companies such as U.S. Cash Net, and U.S. Cash Advance.

http://www.ic3.gov/media/2010/101201.aspx

4/2/2011 4:04 AM (PST)

Sounds like a scam. If you are being sued you will receive process from the court and not a phone call from a collection agent. If you have never had a delinquent payday loan, I'd suspect a scam.

4/2/2011 4:07 AM (PST)

Scam! Come on people, no bank will qualify you for a loan without checking your credit history. If your credit history is not good, why would you even think they'd lend you $10,000? There is no such thing as loan default insurance. Once you pay the $1500 the lender (i.e. felon) disappears. Undoubtedly they want you to send them the money via Western Union or some other untraceable method. Banks and lenders do not work this way. No matter how much you want to believe you are getting a loan, the fact is that you are being scammed.

5/19/2011 2:41 AM (PST)

A new study links pay day loan lenders to increasing crime rates and falling property values. It is not the first time that the two things have been connected, but the literature on payday lending has varied between a connection existing and not existing. The sum total of the effects of payday lenders may be extremely hard to really calculate. The proof is here: http://personalmoneystore.com/moneyblog/2011/05/16/crime-rates-payday-loans/">Study blames crime rates on payday loan lenders, personalmoneystore.com/moneyblog