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Loan Shack Now Lending in Louisiana, Oklahoma and Rhode Island

Published Thu, 03 Mar 2011 23:17:00 +0000

(Sioux Falls, SD) This week Loan Shack, a premier provider of payday loans online, expanded its nationwide presence to include Louisiana, Oklahoma and Rhode Island. Loan Shack is now licensed to lend in 13 states including Colorado, Idaho, Louisiana, Missouri, Nevada, North Dakota, Oklahoma, Rhode Island, South Dakota, Utah, Washington, Wisconsin, and Wyoming.

 

“Loan Shack is a company dedicated to providing hassle-free payday loans in a way that is easy for our customers to both apply for and receive their loans,” said Loan Shack CEO Chuck Brennan. “We are now licensed to lend in 13 states across the country and plan to continue our growth and operate in every state possible within the next two years."

 

Loan Shack offers secure and confidential cash advance loans as well as fast, easy and hassle-free payday loans. Loan applicants simply fill out an online application and receive an approval confirmation via email within a few minutes. The secure and confidential loans are direct-deposited into the applicants’ checking accounts by the next business day. Loan Shack payday loans provide customers with a short-term cash advance until their next payday. Most payday loans are made to cover unexpected expenses while avoiding costly late payment or bank overdraft fees.

 

Loan Shack is a direct lender that is individually licensed and registered in each state of operation and complies with the regulations specified by that state. Loan Shack provides loans to people with good credit, poor credit, or no credit history at all. 

 

Loan Shack is licensed to lend to residents of Colorado, Idaho, Louisiana, Missouri, Nevada, North Dakota, Oklahoma, Rhode Island, South Dakota, Utah, Washington, Wisconsin, and Wyoming. Loan Shack is a division of DLC Empire, which includes Dollar Loan Center, a brick & mortar company providing signature loans and payday loans in Nevada, South Dakota and Utah.

FBI Issues A Warning About Payday Loan Collection Scams

Published Wed, 08 Dec 2010 17:59:00 +0000


The FBI issued a press release today about complaints from victims of payday loan telephone collection scams. Callers say the victim is behind on their payday loan and have to pay back the loan to evade legal consequences. According to complaints received from the public, the callers have exact information about victims, including Social Security numbers, dates of birth, and much more. In several cases victims have stated they filled out online applications for other loans or credit cards right before the calls began.

The fraudsters persistently call the victim’s residence, cell phone, and place of employment. They decline to give any information about the supposed payday loans and become abusive when questioned. The callers have threatened victims with legal proceedings, arrests, and, in some cases, bodily injury if they do not pay, even taking it as far as harassing victims’ family, friends, and employers.

If you receive these calls, do not follow the caller’s instructions. Here are some steps you should take immediately:

  • Notify your bank and credit card companies.
  • Get hold of the three major credit bureaus and ask for an alert be put on your file.
  • Contact your local police if you feel you are in immediate danger.
  • File a complaint at www.IC3.gov.

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