I have been receiving phone calls from a man with an Indian accent claiming to be working for US Cash Advance. He has informed me that I took out a cash advance from his company (which I have never done - I have actually never even gotten a cash advance from any company in my life). He has been threatening me with lawsuits and even went as far as to say I have a warrant out for my arrest.
I already know this is some kind of scam. I believe he got my information from companies who share their information with third parties. I am going to launch an investigation on my own dime to find out which company shared my information so I may proceed with appropriate legal action.
I also have found the website for the legitamate company doing business as U$ Cash Advance. Their company in aware of the scam artists trying to rob people of their money using their good business name. Here is an excerpt from their website explaining their views and explainations on this matter:
TELEPHONE COLLECTION SCAM
Receiving harassing telephone collection calls threatening Police or legal action?
Foreign sounding callers representing themselves as affiliated w/collection, law or government organizations collecting on a long past due payday loan?
Not aware of owing any debt & they wont prove it?
Our office in Florence, Kentucky has received inquiries from confused out of state callers (who have never done business with us, who have been receiving collection calls from an organization claiming to be working for us or a company whose name includes the words U.S. Cash or something similar. They mistakenly or fraudulently allege a balance is owed us, and apparently are engaging in illegal collection practices (as allowed under FDCPA; please Google Fair Debt Collection Practices Act for more info).
Callers report they typically have foreign accents while using tactics such as implying affiliation with legal or government authorities (use words like: Legal Dept., Federal Investigative Authority, Financial Infraction Dept., Cooper Law Firm). They refuse to provide any proof of the underlying debt, and finally demand outrageous payments be made to New York or Florida addresses to avoid legal or police action.
Our legitimate brick-n-mortar payday loan company, doing business face to face only as U.$. Cash Advance here in Florence, Kentucky (a suburb of Cincinnati, OH) does not do business with residents of other states (certain qualified Cincinnati and SE Indiana residents excepted). Nor have we never done loans online or via the telephone. Therefore, no out of state accounts have been placed with any collection outfit by us.
In rare situations, for our local customers whom we serve, we do find it necessary to employ a collection agency or attorney to enforce contractual agreements with our debtors. For the last several years we have only placed accounts with drs Bonded Collection Systems, a collection agency or Mason, Schilling & Mason, a legitimate collection law firm both located in the Greater Cincinnati area.
Please be advised however, that there are other loan providers online or those who do business via the telephone (fax) with names sounding much like ours. Authorities have apparently received similar complaints of outrageous third party collection efforts regarding them. There are also online brokers who buy listing priorities for key words from internet search engines so that they can grab searches intended for legitimate loan companies so that they then can attempt to sell the lead. Some of these outfits are respectful & legitimate organizations and some are not. We have searched for our name and found fully functioning websites with our name & location listed along with 20 30 other local providers. They do not have permission to do this with us and the KY Attorney Generals office has tracked one such websites registrant to be
domiciled in Russia, while operating from servers located in Shanghai. So.buyer
beware always know who your giving information too:
CFCO Financial, Inc. (the corporation who operates the 1 U.$. Cash Advance store in Florence, KY) has filed a victims complaint regarding this potential collections scam and the misuse of our companys good name with the following
The Kentucky Department of Financial Institutions;
The Kentucky Attorney Generals Office Division of Consumer Protection;
The Greater Cincinnati Chapter of the Better Business Bureau; and
The Federal Trade Commission.
If you are the recipient of harassing collection calls on a debt you do not know about, it is recommended that you too file a complaint against this third party collection organization with your local authorities, your States Attorney Generals Office, and the Federal Trade Commission. If your complaint involves internet phishing or other inappropriate online activities the FBI recommends filing an online abuse complaint via their tracking system at: https://complaint.ic3.gov/ctf.aspx
These agencies will need the name, address and phone number of the person or collection organization which is attempting to enforce the fraudulent debt from you. The FTCs number is (877) 382-4357.
Though we regret these fraudulent collection efforts have involved our company name, we can assure you that CFCO Financial, Inc. dba U.$. Cash Advance in Florence, Kentucky is not involved in anyway.
PLEASE DO NOT CALL THE FLORENCE STORE THIS WEBSITE CONTAINS ALL CURRENTLY KNOWN INFORMATION REGARDING THIS MATTER
Richard G. Porstner, President
This is what I have been able to find thus far. To anyone out there who is currently undergoing harrassing phone calls regarding a debt you were not privy to and have never received, please file a report with the Federal Trade Commission immediately.