PaydayLoansOnline.net Publishes New Article on Payday Loan Scam Methods

DALLAS, April 8, 2013 /PRNewswire/ --

PaydayLoansOnline.net, the McAfee Secure™ pay day loan comparison site, has added to its online educational resources. The site now features a research article on recent methods of payday loan scams and how to avoid them. The site took the decision to publish the detailed article in order to raise consumer awareness and vigilance of some of the tactics used by scammers to con borrowers.

A spokesperson for PaydayLoansOnline.net made the announcement in the following statement that was released to the press.

"As the online short term loan industry booms, there are unfortunately more and more unsavory fraudsters that come out of the woodwork with scams and tricks in order to illegally obtain personal and financial data from consumers. Rather than just publishing a list of 'dos and don'ts,' we decided to go the extra mile and expose some of the tricks these con artists use so that consumers can be warned and be aware. Some of these scams are highly sophisticated and utilize technology as well as confidence trickery. We invite consumers to read the article and lean about how they can allow us to help them protect themselves by following our tips. One smart method of prevention is to use PaydayLoansOnline as a loan introduction service in order to meet only the right kind of lenders."

Some of the scams mentioned in the article use threatening phone calls to consumers, asserting that they have missed payday loan repayments. The next phase of one such scam involves phone phishing techniques to call law enforcement agencies. The calls ensure the presence of law enforcement as a way to threaten victims into believing that they have delinquent loans, when in actual fact the fraudsters have no such knowledge.

PaydayLoansOnline has also included the contact details of various federal and consumer agencies that can be contacted by victims to file complaints or take preventative steps to avoid fraud or access to personal financial accounts.

PaydayLoansOnline.net is partnered with reliable and reputable lenders who conduct themselves in strict accordance with all federal and state laws regarding pay day loans. To apply for a short term emergency loan online, complete the two minute application form at: http://www.paydayloansonline.net/

To read the article visit: http://www.paydayloansonline.net/payday-loan-scams/

Contact:
Sam Milo :
Tel: +1-678-666-0100
[email protected]

SOURCE PaydayLoansOnline.net

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