how to know scam pay day loan

I was told by Payday Loans of America that I was approved for a loan in the amount of $1200. His name was Kevin Jones and he said I had to make my first payment of $150 by using the green dot moneypak. I loaded the money and gave Kevin the number for the moneypak, he told me the money would be deposit within 45 minutes. I didn't receive any money so I called him back and he told me because of my credit I needed to load additional $287 onto the card, but I never did. I knew then it was a scam. I told Kevin Jones I wanted my $150 back and he stated it was non refundable and that legal actions wete going to be taking against me. I cuss him out good and hung up. I even checked the moneypak website ans it states to avoid someone asking for the number over the phone.  Please be careful and aware of them. The number for Kevin Jones is 347-478-4762

If you need a loan, just get a payday loan. It can help build your credit.

How?

WRONG!!!!!

Payday loans are Short Term loans. The only way (I think) they probibally would go on your credit report is if you had a judgement against you for refusal to pay.

Department/Credit Cards, "Unsecured/Installment/Secured" are lines of credit that get reported to the three credit bureaus.

I got a call saying i can get 5000 in a hour just get a green pak monet card an put 300 on it an call back then they call me back an said because of my credit i need to put a 160 more on a card said it was for insurance as if i cant pay the loan back well the money never appear in my account this guy name is frank with a accent i m doing investigation on him im going to find u

DO NOT CONTINUE WITH THEM!!!

It's a scam!!!

http://www.scambusters.org/greendot.html

"Today's special issue highlights a scam you probably have never heard about, but one that is easy to fall for: the Green Dot scam.
Reloadable debit cards -- especially the top-selling, legitimate Green Dot cards -- are the new money-moving method of choice for scammers.

...

Green Dot reloadable debit cards are the latest weapon for crooks working a well known type of grant scam.

The con itself is a type of advance payment scam in which victims receive what seems to be a grant award check -- usually one they didn't apply for -- with a request that they then wire part of the payment back to cover some mythical fees.

You know the rest -- the victim wires the money, then the check bounces.

Now that so many people have wised up to this type of fraud, scammers have hit on the idea of using the legitimate Green Dot card system to collect their money.

Along with the bogus check, usually for just under $5,000, an accompanying letter says recipients must pay a finder's fee of 10% to the "broker" who secured the grant.

Now here's the sneaky trick. The letter tells victims to buy a Green Dot MoneyPak, of the sort available at many retail outlets including drug stores.

MoneyPaks are used to top up existing Green Dot debit cards. The victim sends details of the card to the "broker." These are used to top up the crook's own Green Dot card -- and then quickly drained at an ATM.

In other words, it's a money transfer that bypasses the traditional cash-wiring companies and offers a far more effective cloak of anonymity for the advance fee scammers."

http://www.kpho.com/story/21291286/scammers-n ... -moneypak-cards

http://www.nclnet.org/personal-finance/64-fra ... day-loan-offers

"The scam works like this: A consumer in search of an online payday loan sees an ad online, on a newspaper classified page, in an email, or somewhere else. The ad guarantees a payday loan without a credit check. The consumer is directed to a Web site that looks very official and legitimate. They are instructed to enter in personal information, presumably to begin the loan application process. In some cases, the scammers have even posted fake video "testimonials" online to make the scam seem more legitimate.

Once the personal information is entered, the consumer is contacted by the alleged payday lender (in reality, a scammer) and asked to send money to cover fees "before the loan can be processed." The scammers claim that this money is necessary to pay for things like "application fees," "insurance," "taxes," or other important-sounding costs. If the victim sends the money, they are typically contacted again with another ask for additional money for other fees before the loan can be processed. This sequence may continue until the consumer catches on to the con or runs out of money."

It's called the reloading scam!!!

im on the phone with these [***] now, thank God i looked this number up they are a complete scam and i feel really bad for those who sent them [***] money. God bless you all in this cruel cold world.

Yes a scam

does anyone know of legitament services that will help out with consolidation loas?

Why do I get the feeling some "helpful" PDL hustler will responding to this rather  incongruous request in the very near future?

Yes - go to your local credit union.  They are legitimate.  If you insist on going with an online source, then read this first - http://www.consumer.ftc.gov/articles/0078-advance-fee-loans

I feel so foolish, I just got scammed by a supposed pay day advance loan called America's Payday. The idiot on the other line told me because of my credit not being real good, I need to go to a Walgreens and get a Vanilla reloadable card, call him back, give him the numbers so he can verify I would be able to pay my monthly payment of $275. I also had to send him a picture of the receipt and the back of the Vanilla card. He said once I did that I could just transfer the money from my Vanilla card onto my bank card.  When I questioned him, he promised they were not going to touch the money, blah, blah, blah.  He said the $3000 loan would be in my account within an hour.  Never happened. Then when I tried to transfer the money onto my card, it wouldn't work.  I called the 800 number on Vanilla card, they said 15 minutes after I purchased the card, the money was transferred to a netspend card. (?). I called the "loan guy" back, he said I need to speak to his manager, cuz I was not approved (when he already said I was) and that the credit bureau kept my money....(never would happen). I told him I was going to call the police, his responded by telling me to go right ahead and to also call his manager, who supposedly works for the police department he said, and that he is expecting my call.

I called the phone number for the manager, got voice mail a few times, but did finally answer. He told me the same story that the bureau kept the money, blah, blah, blah. I advised him that customer service for the vanilla card told me my money was put on a netspend card. He said that is not true (are you kidding me?!?). Then he proceeded to rip me off yet another time. He told me that if I give him $150, he would wire me my loan of $3000 by western union and the $150 covers the cost of that. He said he will also send me my $275 back. Apparently, he thinks I don't have a brain. I was almost thinking I didn't either for falling for this scam earlier. I am so embarrassed. I told him, just to see what his response would be, that I need to check his company out with the Attorney General and Better Business Bureau first. He did not care, he said to go right ahead, it means nothing to him, his company is a legitimate company.

It just astounds me that these people can scam innocent people out of their money, who obviously are in financial difficulty to begin with. How do they sleep at night??? I have come to the realization that I am not going to get my money back (that I so desperately need) and I do not want them to do this to any one. Any suggestions?

The same exact thing happened to me just yesterday, for $275. Not only am I devastated, I am so embarrassed and feel so foolish.

Well there's not much you can do considering the scammer are overseas. The only thing I would recomend if they have your account info, is to go to your local back alert them, and maybe change your account numbers.

Oldest trick in the book as the youtube video says (assuming this is what happened).

www.youtube.com/watch?v=ai9dLu4bQsI‎

*considering the scammer are probibally overseas.