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An entity calling payday loans reno nv Cash Express Loan may be offering consumer loans andor deferred deposit transactions (also known as payday loans) in California without any license issued by the Commissioner of Business Oversight in violation of the California Finance Payday loans reno nv Law andor the California Deferred Deposit Transaction Law.
Cash Express Loan purports to provide the following telephone number and email address: 1 872-588-4199 and supportcashexpressprocess. com, but no website or physical address. In or about May 2013, this entity contacted at least one California consumer offering a 2,500 loan conditioned upon payment of an upfront 280 fee, which was to be paid by purchasing a Vanilla Reload Network card, a type of stored-value card. After loading the funds onto the card, the California consumer was instructed to give the pin number of the card to the entity, which then withdrew 280 from the card.
However, after paying the 280 upfront fee, the California consumer never received any loan funds, and repeated calls and emails to the entity have gone unanswered. California consumers are advised that this entity is not licensed by the Department of Business Oversight to engage in offering or originating consumer loans or payday loans.
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