Advance Fee Loan Scams

Credit Services Scams

Credit services businesses purport to aid individuals get credit, boost their credit score or history, or offer credit advice or support. Credit services scam musicians usually charge individuals thousands for things they are able to do by themselves at no cost. More info on clearing up your credit history and enhancing your credit history will come in our leaflets entitled “credit history” and “credit ratings.” To learn more about credit solutions frauds, see our “Debt Assistance Scams” flyer. Don’t work with a credit solutions company unless it really is precisely registered aided by the Minnesota Department of Commerce.

Under this scam, you obtain a call or e-mail from a purported loan provider, or submit an application for that loan on a webpage. The lender that is purported you financing, but calls for one to send cash up-front (usually using a cable transfer or even a reloadable card) underneath the guise of a advance payment, insurance coverage fee, or other cost. Following the cash is delivered, the lender that is purported plus the individual never gets the mortgage. More details on this scam comes in our “Advance Fee Loan Schemes & different Financial Scams” flyer.

Additional Resources

The Minnesota Attorney General’s workplace provides the materials that are following that are built to offer information to Minnesotans on problems linked to cash and credit:

Minnesota Department of Commerce

The Minnesota Department of Commerce could be the state agency that licenses banks that are state-chartered other state-chartered finance institutions in Minnesota. The Commerce Department additionally licenses payday lenders, many financial obligation administration and debt consolidation solutions providers, and specific credit solutions businesses. To learn more or even to register a problem, contact the Commerce Department the following:

Federal Trade Commission

The Federal Trade Commission (FTC) could be the federal agency that has authority to do this against deceptive, fraudulent and unjust company methods available on the market. The FTC as follows for more information or to file a complaint, contact

Customer Financial Protection Bureau

The customer Financial Protection Bureau is just a federal agency that has authority to enforce different federal regulations and guidelines and also to advocate on the behalf of customers since it pertains to difficulties with banking institutions, mortgages, charge cards, and banking institutions. The Consumer Financial Protection Bureau as follows for more information or to file a complaint, contact

Any office associated with the Comptroller of this money

The Office associated with Comptroller for the Currency could be the federal agency with authority to license and control nationwide banking institutions. To learn more payday loans DE or even to file an issue against a bank that is national contact the Office associated with Comptroller regarding the Currency as follows:

The Federal Deposit Insurance Corporation

The Federal Deposit Insurance Corporation (FDIC) is just a federal agency with all the authority to modify state-chartered banking institutions which do not get in on the reserve system that is federal. The FDIC as follows for more information or to file a complaint about a state-chartered bank that is not a member of the federal reserve system, contact

Board of Governors associated with Federal Reserve System

The Federal Reserve Board of Governors is just an agency that is federal the authority to manage state-chartered banking institutions which can be users of the Federal Reserve System. The Board of Governors as follows for more information or to file a complaint against a state-chartered bank that is a member of the Federal Reserve System, contact

Nationwide Credit Union Management

The nationwide Credit Union management may be the agency that is federal authority to license and manage credit unions. To learn more or even to register a issue in regards to a credit union, contact the nationwide Credit Union management the following: