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Scam awareness and complaints

When it comes to taking out an online payday loan, you must be careful about fraudulent debt collection practices. There are some debt collection agencies that claim to be representing some reputed lenders including However, in reality they are just fraud. A company can be considered as a legitimate one only if they provide you with a signed copy of loan document that shows your debt. They are legally accountable to show evidence of your debt. DON’T furnish your credit card info or give any money to any debt collector unless you have enough proof. If they deny or fail to show any document, then you’re perhaps a victim of fraud collection. Being so, it is recommended that you report the incident to Federal Trade Commission (FTC). For more information on such SCAM, you may refer to Online Lenders Alliance.

You can resolve issues related to payday loans by personally discussing with your lender or get help from regulatory agency of your state.