• Report: #706929

Complaint Review: InstaCash

  • Submitted: Wed, March 16, 2011
  • Updated: Wed, March 16, 2011

  • Reported By: Emily — Minnesota Minnesota United States of America
Nationwide United States of America

InstaCash Instant Cash Tried to convince me legal action (jail time) would be taken for my "Pay Day Loan" Nationwide

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I was contacted today (3/16/2011) on my cell phone from a 510-722-6092 number and an Eric Peterson and gave me the call back number of 760-429-2879.  He went on to say in the voicemail that the matter of the message was extremely time sensative.  He said that if he did not hear from me or my attorney on record he could only wish me luck with the matter that would unfold on me.

I called the number he left just because I was concerned as to what this was actually about.  When I first called the number back it rang and no one ever picked up.  I was at work so I was not able to sit around and wait for them to answer so I figured I would just try back later.  When I called back the second time a man did answer.....he (same as "Eric") had a very strong middle eastern type accent.  He could not understand my name....and handed the phone to a woman (who never gave me her name).  She went on and asked me to confirm the phone number that I received the call from.  I gave her my phone number and she proceeded to tell me that I was facing criminal charges for a pay day loan I received and failed to pay back.  Yes I did apply for a pay day loan but I never actually received the funds from any lender.  She asked what my attorney had to say about the matter.  I told her I did not have an attorney and have not heard anything of the sort.  She went on to say that when I received the money I agreed to pay it back.  That would be understandable if I actually received the money.  I asked her who the company was that I received the money from.  She said all she knows is that is was from InstaCash? (Instant Cash?).....not sure the true name of the company.  I also asked her the date that I supposidly received this money.  Through her accent I was not able to understand everything that she said - but I was able to hear that she claimed the attempt to recollect was 01/23/2011.  Interesting since I hadn't even applied for a loan until March.  She said that if I was not able to settle the case with her on the phone an investigator would be at my residence Friday morning with all the information.  She also went on to say that some action woul dbe taken with my employer. 

When I first got this call I was very upset and shaken by it.  I was at work and was able to pull up my bank acount and make sure I truly didn't get any funds.  Although she claims the loan amount was for $300-$350.  Pretty sure I would notice an extra $300 in my account and would not have waited until this point in time to question it.  She said the amount they needed to collect with interest and fees attached was $624.45.  And that the case value would be at $8,000 if this ended up in court. Obviously me, being 21 and not financially set (or even near comfortable) I was very offset by this.  Once I actually did calm down and started to think about and look into things everything makes sense.  When  I did apply for a cash loan I'm sure my information ended up in the wrong hands....in reality it's a perfect scam.  They know there are a lot of people out there now that are hurting for cash and may have defaulted on a loan they took out.

I am not sure how this will all play out, but I am filing this scam report and calling the Attorney General first thing tomorrow morning (the office is currently closed).  I would highly recommend that if anyone gets these calls (and from looking in the past posts it's bound to happen) they do not release any information and simply contact their bank and make sure there is no suspicious activity.  I was lucky enough to be too upset to even deal with them. 

I am a little concerned because I was trying to get a loan through another company....now I am very hesitant of that.  If anyone has insight on Cash Call or Western Sky I would love to hear about it. 

I will update any outcome as soon as something happens.  Also - if anyone has any other information please pass it along.

This report was posted on Ripoff Report on 03/16/2011 05:14 PM and is a permanent record located here: http://www.ripoffreport.com/r/InstaCash/nationwide/InstaCash-Instant-Cash-Tried-to-convince-me-legal-action-jail-time-would-be-taken-for-my-706929. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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