Short term loans no credit check-For short term requirements

Short term loans no credit check-For short term requirements

Question by huh: Amcapital loans ALERT!!!!!? COMMONWEALTH OF MASSACHUSETTS OFFICE OF CONSUMER AFFAIRS AND BUSINESS REGULATION 10 Park Plaza - Suite 5170, Boston MA 02116 (617) 973-8700 FAX (617) 973-8799 TTY/TDD (617) 973-8790 www.mass.gov/consumer DEVAL L. PATRICK GOVERNOR TIMOTHY P. MURRAY LIEUTENANT GOVERNOR DANIEL C. CRANE DIRECTOR FOR IMMEDIATE RELEASE: April 19, 2007 CONTACT: Kimberly Haberlin (617) 973-8767 (617) 947-8942 Consumer Affairs Issues Consumer Alert on Advance-Fee Loan Scam And Pay Day Loans BOSTON - The Office of Consumer Affairs and the Division of Banks today issued a consumer alert warning consumers about a potential advance-fee loan scam and an illegal pay day loan operation recently advertised in the Boston Metro. ADVANCE-FEE LOAN SCAM Advance-fee loan scams generally involve the promise of easy credit regardless of credit history. Upon completion of a loan application, the entity requires a consumer to wire a percentage of the loan amount, various fees, or payment of insurance in order to secure the loan. Upon collection of the fee, the loan is never delivered. Amcorp Capital is operating a website at www.amcorpcapital.com. The only contact information provided on the web site is a toll free telephone number and an email address. The web site also lists a business address of One Boston Place, Boston, Massachusetts. Amcorp Capital claims to offer mortgage loans, education loans, personal loans, and automobile loans. This entity is not licensed by the Division of Banks and calls to the company have not been returned. An investigation by the Division of Banks has determined that no such business is located at the One Boston Place address. Moreover, the Amcorp Capital’s web site was apparently created on April 11, 2007. Similar to other advance-fee loan scams, the website promotes the availability of easy credit regardless of credit history. Based upon discussions with consumers, Amcorp apparently requires, upon completion of a loan application, that a percentage of the loan be paid up front directly via wire transfer. The Office of Consumer Affairs and Division of Banks strongly urges consumers not to do business with this entity. “This has all the earmarks of an advance-fee loan scam,” noted Director of Consumer Affairs Daniel C. Crane. “Consumers should know that no legitimate lender would require an upfront payment to secure a loan. Consumers should also be extremely cautious when dealing with companies that you do not know. All efforts should be made to safeguard your personal information such as bank account, credit card, or social security numbers. For more information on advance loan scams please see information from the Federal Trade Commission available at http://www.ftc.gov/bcp/conline/pubs/tmarkg/loans.shtm. ILLEGAL PAY DAY LENDER Director Crane also announced that Commissioner of Banks Steven L. Antonakes had sent a letter to the Boston Metro requesting that the publication cease accepting print advertisements from pay day lenders. Commissioner Antonakes sent a similar letter to the Boston Metro in February 2005 and the newspaper, until recently, had not run advertisements for pay day lenders. “Pay day loans carry exorbitant interest rates and can quickly lead consumers into escalating debt,” said Director Crane. “There is also a high risk of identity theft as this company’s advertisement provides virtually no identifying information.” Commissioner Antonakes added, “There are no payday lenders licensed or based in Massachusetts. Under the state’s small loan law, annual interest rates on these loans are capped at 23% and fees are limited to $ 20. Pay day lenders typically charge annual percentage rates averaging 300 percent and fees averaging $ 30.” Pay day loans are short term, small sum, high rate, unsecured personal loans that use consumer checking accounts (either post-dated checks or electronic access) to secure repayment of the amount borrowed. Repayment of the full amount and lender fees are typically due within 14 days or with the borrower's next paycheck. Partial payments are rarely allowed so if a borrower can't repay the full amount within the required timeframe, the loan is usually rolled over for additional periods of time and additional fees. If you believe you have been a victim of this advance-fee loan scam or pay day loan operation, call the Division of Banks’ Consumer Assistance Unit at 1-800-495-BANK (2265). DON'T FALL FOR THIS COMPANY!!! Best answer for Amcapital loans ALERT!!!!!?:

Answer by sara bellum
thanks for the heads up

Answer by donald t
thank you for the info, all states need to do this when a company is busted, and it should be published and put in all newspapers. the name and supposedly location of the company. and the owner should be prosecuted.

Answer by Lo Kee
I wish, I would've had this information before I sent my payment.. I think all states should have this information available at all times.. Thanks for the information

Answer by mandy
They also work under the web address www.amcapitalloans.com which has a physical address of 41 Marietta st nw in atlanta, ga. There is no such company in this building. DO NOT SEND THEM MONEY! No one should have to pay money to receive money. I just lost $ 1000 to them so I speak from hard learned experiance. I'm making it a priority to see them shut down. Post to every website you can find, call the AG off ice in you state and send a report to the BBB. None of the above can return your money, but the word will get out faster and maybe they'll be found.

[short term loans no credit check no fees]

The people, who are in need of money for the fulfillment of short term expenses of daily life, can go for short term loans no credit check. These loans have been designed keeping in view the financial problems faced by a salaried employee of US. These loans are capable of taking you out of the financial crisis as these provide you with sufficient amount of cash and that also without any hassle. These loans provide you with fast financial assistance without any delay in the loans process. The ones who hate to wait must go for these loans.

Short term loans no credit check are available online now. Numerous lenders are available over the Internet to help you whenever you want. The online process is not hectic unlike the manual methods.

For obtaining cash through the online means, you just need to have a PC with an Internet connection. You are to fill an application form which is to be wired to the lender. The form asks about the personal information of the borrower. The lender, after receiving the form, will approve you for the loan, if satisfied. Within a daytime of approval, you will be given cash which will be transferred to your checking account.

These loans are for short term requirements of day to day life of yours. With the help of these loans, you can fetch cash ranging between 100 dollars and 1500 dollars. The borrowed amount can be used for expenses like repairing of your car, paying off telephone bills, paying off school fee of child or even any medical expense.

The ones running on bad credits are also approved for these loans as these are from the condition of credit checks. These loans are given to all those who don't have a good credit status. So, you need not worry if such is the condition with you too. Recommend Short term loans no credit check-For short term requirements Topics