By: Christopher Koegel, Assistant Director, Division of Financial techniques | Mar 21, 2016 11:19AM
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WeвЂ™ve learned that portfolios of so-called loan that is payday serviced by AMG solutions are circulating into the commercial collection agency market. The lenders that are alleged USFastCash, 500FastCash, OneClickCash, Ameriloan, United money Loans, AdvantageCashServices, and StarCashProcessing. However these so-called debts are bogus. The customers usually do not owe the so-called debts, together with loan providers have not authorized, assigned, or offered any one of their loans for third-party collection.
There may be without doubt why these loans are bogus. The previous basic counsel of AMG Services finalized a statement under penalty of perjury within the FTCвЂ™s lawsuit against Delaware possibilities, stating that USFastCash, 500FastCash, OneClickCash, Ameriloan, United money Loans, AdvantageCashServices, and StarCashProcessing loans have not been put with, or offered to, any alternative party for collection. (más…)