The Real Deal

The Real Deal

 
text size

The Real Deal: New Twist on Payday Loan Scam

Updated: Thursday, April 10 2014, 02:50 PM EDT

COLONIE a Itas a new twist on an old scam.  Police departments across the Capital Region tell CBS 6 nearly a dozen people have been targeted in the past few weeks by scammers who promise to help with your bills but only end up taking your cash. 


 


Tina Montello has some medical issues, so she went online looking for a payday loan.  About an hour after she filled out a survey on the web, she got a phone call.  aThey wanted to offer me a loan and I said yes, and they said I could have anything from $2,000-$10,000 and I said $6,000,a Montello tells CBS6.


 


The caller instructed her to go to her local Walgreens and put $600 on two NetSpend reloadable debit cards and then to call him back.  aWhen I did it and called him back, I gave him the number on the back of the cards and then he wanted me to fax a copy of my driveras license, along with a copy of the front and back of the cards, which I did,a she says.  A few hours later, the man called back again and asked for two more cards.  a I said, this isn't right and he said if I wanted my money I needed to do it, to prove I would be able to pay the loan back once I got ita Monetello says.  She went and loaded up two more cards and then called him back with the card numbers.  She hasnat heard back from the caller or the bogus company since. 


 


Colonie Police say Montello is just one of a handful of people who have fallen victim to this scam over the past two weeks. Greenport Police also have a victim that lost more than $1,700 to scammers with a similar story.  Not only are these victims losing money and in some cases their identities but theyare opening themselves up to other scammers too.  aAll of these victims continue to get calls from other scammers who continue to try and solicit them,a says Lt. Bob Winn of Colonie Police.


 


The Colonie Police Department is sending letters to local businesses that sell GreenDot and NetSpend cards warning them of the recent rash of scams associated with the cards.  Investigators are hoping that the store salespeople will at least ask customers who come in looking to buy and put money on the cards whether they are sure the transaction is legitimate.  Both Green Dot (https://www.moneypak.com/ProtectYourMoney.aspx) and NetSpend (https://www.netspend.com/help/netspend_security_center/) have alerts about these type of scams on their websites. 


 


Although the scammers give victims fax and telephone numbers to communicate with them, often those lines are disconnected by the time investigators get the case.  aThose numbers are usually perishable, they're used for a short amount of time and once they (the scammers) realize their number has been burned, they go to another one,a says Winn which makes it nearly impossible to track them down. 


 


If youare looking for a legitimate loan, itas best to check with your bank first and foremost to see if they can offer you the cash you need under acceptable terms.  If thatas not an option, taking a cash advance on your credit card in most cases, will get you a lower interest rate then even a reputable payday loan company will likely offer. 


The Real Deal: New Twist on Payday Loan Scam


Advertise with us!

Related Stories

Hello and thank you for stopping by The Real Deal web-page! I'm hoping you'll find some useful information here. I (Jennifer Lewke) will be updating this page daily to bring you the latest news on anything and everything that may impact your wallet. Whether it's a bad business trying to rip you off, a contractor who took your money and ran, the government wasting your tax dollars, or a telemarketer who just won't stop calling, my goal is to uncover it and hopefully prevent it from happening again!

On the right-hand side of this page, you'll see a section labled "Links" --these will all take you to websites for organizations that help protect consumers. Most of the groups have the authority to fine or shut down bad businesses so it's important to file the proper complaints to get some action.

I'm happy to look into any issue you have to get you the Real Deal. You can reach me anytime at (518) 381-4992 or by email at jlewke@wrgb.com. I hope to hear from you soon!

Top Stories

 
Advertise with us!

Links

  • New York State Attorney General's Office
    Consumer complaints against a business or service in New York state


  • Federal Trade Commission
    Consumer complaints against a nation-wide company


  • New York Public Service Commission
    Consumer complaints about utility companies


  • Consumer Finanical Protection Bureau
    Consumer complaints about a bank, credit card company, or loan company


  • New York State Division of Consumer Protection
    Identity theft and scam protection


  • Phishing Scams
    How to protect yourself from phishing scams


  • Free Credit Reports
    Everyone is entitled to one free copy of a credit report from each of the three credit reporting bureaus once a year


  • Unsolicited Emails
    To check out unsolicited emails


  • Legal Aid Society of Northeastern New York
    Free legal advice