ABC Information Fixer hears from man used by advanced-fee loan scheme.
June 10, 2014 — Dear ABC News Fixer: I happened to be attempting to obtain an online payday loan. The web loan provider instructed me to send them a Green Dot MoneyPak card with $195 onto it for insurance coverage to secure the loan, they might place the funds entirely on the card.
We asked them why they couldnвЂ™t just deposit the mortgage money into my banking account, nevertheless the lending agent stated it absolutely was against federal laws. Therefore, i acquired the card and scratched from the number in the straight straight back and read it to him within the phone. He stated the funds will be for sale in a half-hour.
Twenty moments later on, he called straight back and stated my Social Security quantity had been that isвЂњred-flagged the funds couldnвЂ™t be delivered. He stated he could take away the вЂњred flagвЂќ for $500 вЂ“ a figure that their attorney later on lowered to $203.
At that true point, we stated i needed my $195 straight straight back, then again they threatened to sue me personally for the total amount for the loan — that loan we never received.
We realize now it was a fraud, and I have actually closed my banking account. They most likely have inked this to a lot of other online payday OR naive victims whom are simply attempting to make ends satisfy.
Got a customer issue? The ABC Information Fixer might be able to assist.