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FTC Gets Court to Turn Off Cash Advance Business Collection Agencies Ripoff

FTC Gets Court to Turn Off Cash Advance Business Collection Agencies Ripoff

Patrick Lunsford

In the demand associated with Federal Trade Commission, a U.S. region court has halted a Georgia-based procedure from utilizing deception and threats to gather $3.5 million in phantom payday loan “debts” that customers don’t owe. The court had formerly purchased the defendants’ assets frozen to protect the chance that they are often utilized to deliver redress to customers, and appointed a receiver.

John Williams, and two businesses he controls — Williams, Scott & Associates, LLC and WSA, LLC — utilized a number of false threats to bully customers nationwide into spending expected pay day loan debts, the FTC charged.

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