Collection Recon

ATTORNEY GENERAL MCDANIEL FILES SUIT AGAINST ONLINE PAYDAY LOAN PROVIDERS

Posted on 25. Jan, 2012 by Collections Recon.

LITTLE ROCK – Attorney General Dustin McDaniel filed a consumer protection lawsuit today against a Missouri man and two companies that control six Internet payday loan websites offering loans to Arkansas consumers at interest rates of more than 600 percent.

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FTC Returns Almost $2 Million to Payday Loan Applicants Who Were Tricked into Buying Prepaid Debit Cards

Posted on 02. Sep, 2011 by Collections Recon.

The Federal Trade Commission is mailing more than 110,000 refund checks to consumers defrauded by an online operation that tricked payday loan applicants into paying for an unrelated debit card. The FTC alleged that payday loan marketers Matthew Patterson, Mark Benning, Jason Strober, and Swish Marketing, Inc., worked with debit card marketers Jerry Klein, Joshua Finer, and VirtualWorks, LLC, to design the deceptive payday loan application form that triggered a charge of up to $54.95 for a prepaid debit card with a zero balance.

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Fake debt collectors scare victims out of money

Posted on 30. Jun, 2011 by Collections Recon.

I received a phone call from an attorney who said I was delinquent on a payday loan and would be arrested within hours if I didn’t make a payment. He knew my name, address, credit card and bank account names.

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Payday loan successor rears its head in Senate

Posted on 17. Mar, 2011 by Collections Recon.

New Hampshire lawmakers seem bent on bringing back title loans — short-term high interest loans backed by the title on the borrower’s car.

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Massachusetts Restricts Entire Payday Loan Industry

Posted on 28. Jan, 2011 by Collections Recon.

Consumers seeking information about payday loans in Massachusetts should be well aware of the important information provided by CashAdvance.com.

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Payday Loan Collection Call May be Scam

Posted on 09. Sep, 2010 by Collections Recon.

Attorney General Wayne Stenehjem warns North Dakota residents to be on the alert for conmen posing as collectors of payday loan debts. The scammers call individuals and threaten legal action unless payment is authorized from a bank account. In recent weeks, Stenehjem’s office and the North Dakota Department of Financial Institutions (DFI) have received calls from consumers concerned about these bogus collection calls. The DFI regulates collection agencies and payday lenders.

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Payday Loan Defendant Settles FTC Charges

Posted on 07. Sep, 2010 by Collections Recon.

Washington, D.C. – infoZine – One of the owners of a payday loan and debt collection operation has agreed to settle Federal Trade Commission charges for his role in a scheme that illegally tried to garnish borrowers’ wages and used other illegal debt-collection practices.

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Payday loan collection scam alert

Posted on 27. Jul, 2010 by Collections Recon.

Carson City, NV – The Office of the Attorney General is warning consumers of a payday loan collection scam currently occurring in Nevada.

Nevada citizens are receiving telephone calls from persons claiming to be from the “Federal Government of Crime and Prevention,” “Affidavit Consolidation Services,” “Criminal Bureau of Identity,” “US Justice Department/Payday Loan Division,” “Federal Investigation Bureau,” and other fake governmental names.

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