Motion Filed to Shut Down Washington Payday Loan Lender
By J.J. CameronPayday Loan Writer
When it comes to no fax payday loans in Washington, all it not right in America's northwest.
The state has filed to close a payday advance lending operation and impose the largest fine ever levied against such a business in Washington. The Department of Financial Institutions has accused Check ‘n Go of wrongly collecting multiple checks from borrowers to secure single small cash advance loans; and of charging excessive fees.
The department also alleges that the provider secured personal identification numbers without the borrowers’ knowledge – by retrieving PIN numbers from phone calls the clients had dialed when calling banks. That's never a nice thing to do.
Check ‘n Go operates at least 16 stores in Washington, including units in Tacoma, Puyallup, Olympia and Federal Way. An employee contacted late Wednesday at the Tacoma store had not yet been informed of the filing, but said, “I want to cry.”
Many quick payday loan victims probably feel the same way.
