FRANKFORT, KY (Oct. 7, 2010) вЂ” Attorney General Jack Conway plus the Department of Financial Institutions (DFI) are warning customers about telephone telephone calls from bogus debt collectors trying to gather on unlawful Web payday advances.
ConwayвЂ™s workplace of fast instalment loans Virginia customer Protection and DFIвЂ™s customer Protection Branch have obtained reports from customers who’ve been contacted by bogus debt collectors for pay day loan panies. The callers have actually threatened Kentucky customers with arrest, boss notification, wage garnishment, court actions, and physical injury to by themselves or members of the family if re re re payment just isn’t made. These callers usually utilize foul language as well as other scare techniques. Some customers report that household members have now been contacted.
вЂњConsumers must be aware that online pay day loans are illegal in Kentucky,вЂќ stated DFI missioner Charles Vice. вЂњUsing these unlawful solutions topics the consumer into the chance of being scammed by the collection that is bogus.вЂќ
Recently, a new girl in Louisville had been contacted by way of a scammer whom insisted if she did not pay the loan that she would be arrested at work. Also she paid the $350 out of fear though she never received a loan. She thinks the scammer accessed her information whenever she sent applications for a loan online that is payday.
вЂњThis situation is typical regarding the plaints we get,вЂќ said Attorney General Jack Conway. вЂњMany customers suggest they usually have never ever had an online pay day loan, but could have inquired or pleted applications online.