Category Archives: Payday Loan Assistance

Pitfalls When You Stop Payment on a Payday Loan Check

I acquired a call from a guy in Washington, D.C. whom stated he had been by having a loan that is payday, telling me personally that We had gotten that loan for $1,000. He provided me with a verification quantity and said I’d to phone their loan that is senior manager purchase when it comes to loan to move forward. Then he explained I’d to select the cash up at a Western Union. We declined, but am interested to learn should this be legit.

Consumer Ed claims:

Most likely it is really not. At most useful, the telephone call is probable only a scheme for the caller to help make contact you a loan or other product; at worst, it is a scam designed to get you to give over personal financial information so that the caller can then steal your money, commit identity theft, or both with you in order to sell.

It is extremely not likely you did not submit an application or take any other steps to apply for the loan that you actually have been approved to receive a payday loan because payday loans – indeed, all loans – require some sort of application and credit check, and. Continue reading