Payday Loans

An online payday loan or a window to a scam?

Then you might think that an online payday loan is a quick and easy way to help you stretch your money. But before entering your bank account details or any other personal information on a payday loan website, get away from your computer keyboard! That online payday loan could be a window into a scam. See for a write-up Clarification at

Are you short on money?

A federal court has granted the FTC a contempt order for Suntasia Marketing, Inc., a company that was previously involved in a telemarketing scheme that defrauded consumers of millions of dollars. This time, scammers took advantage of people who were searching for payday loans online by tricking them into completing an online application form.

The trick? The website and the application were a pretext – an attempt devised to get the information out of people’s bank accounts. Once the company had their account numbers, unsuspecting consumers were enrolled in a continuous online mall membership program.

So how can you avoid a scam like this?

But because the terms of the show were obscure and deeply hidden on the website, there was no way for consumers to know. And the company took consumers’ lack of response and cancellation as acceptance and permission to regularly debit money from their accounts on a regular basis.

It can be hard. But if you are aware of how some scammers operate then you can think twice about the sites you visit and what you do when you are on the site.

Keep your personal information under strict control

Whether you get a loan or not when you visit a payday loan site, simply entering your information can cause you a problem. Even if you don’t click the “submit” button to complete the transaction, your information can be captured by logging what you type on the keyboard (keystroke logging) – a program that allows you to view and save everything you enter. in the request. Scammers can use this information to commit identity theft or to debit money from your accounts.

  • Read the fine print. If the details of an online membership transaction, application, or program are not obvious and understandable, do not proceed. Incomprehensible or hard-to-find details can be warning signs of a scam.
  • Review your bank account and billing summaries to see if you have been charged unauthorized. Regularly reading the summaries of all your accounts can help you detect where your money is going and demarcate the charges billed without your authorization. If you suspect that an unauthorized charge has been made, ask your bank or merchant for more information and discuss it.

If you suspect a scam, file a complaint with the FTC. For more information, check out our articles Payday Loans and Fraudulent Payday Lenders Online.