iPayday Cash
Complaint 32222 Details

I was offered an "unsecured" loan for $3500. Then they said that I needed to pay a $300 processing fee. Well I paid that and the money was sent to India through Western Union. Then I called back and they said that I needed to pay a refundable $249 fee. Then when I tried to get the money at the Western Union place, the people working there said that there was no order payable to me in my name. then when I called the company again, they said that they were from the government and that I had to pay an additional $200 in taxes. I demanded an immediate refund, but was told that the money would be sent to me within 10 to 14 days, Then they told me that the money would be sent back in 14 to 21 days. Needless to say I never got the money back and had to pay 2 $10 processing fees through Western Union. Being desperate, I took the matter to the Better Business Bureau as a complaint. The man the phone number was registered to, was a Raymond something (I've lost the last name and the BBB has erased my complaint from the system.) The phone number for the company that I was called on is 818-666-7582. The man, who spoke to me was of Indian origin, and is based in Encino, Ca. The rest of this form is the original complaint with the BBB.
iPayday Cash
15503 Ventura Blvd, Suite 300
Encino, CA 91436
Contact:
Phone: (818) 666-7582
Taylor, Linette

1204D County House Lane
Marietta , OH 45750
(740) 706-0952
[email protected]
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Complaint ID: 98641901
Complaint Classification:
Complaint Description - Posted 10/3/2011 12:29:38 PM
Scam. I was contacted by this person, who called himself Max representing Payday Cash in Encino, Ca. He told me that there was a $350 processing fee for a $3500 installment loan. I was told to send it to Vikraml in Dehli, India by Western Union. Like a fool I did. Then when I went to pick up the loan, he said I needed to give them a $249 fee that would be returned with the loan. I was told to send it to Vinod Kumari in India. Then he had me fill out a money receiver form from Western Union saying that the name of the sender was Mike Hyden. After the form was denied by Western Union, he told me that I had to send them the tax, another $200 also refundable, before I could get the loan. I stopped there. He told me he would send me a refund of $549, sending it anywhere from 10 to 20 days. I spent $5 on Intellus to get the name of the person owning the phone number and it turned out to be owned by Raymond in Ca. The phone number is 818-666-7582. I then signed up for a free account with loopnet.com, and got the name of the company in Suite 300. D and D Marketing, phone number 818-729-1363. I lodged a complaint with them and gave them the info I had collected on Payday Cash. They said that they were part of a task force looking into a scam involving people of Indian descent. She was sympathetic and nice, but I wonder if she's a part of the scam.
Complaint Summary
I paid for a loan that I never received.
Resolution Sought
I would like my money back from either Raymond F or D and D Marketing. ASAP Thank you.

Additional Information
Date Problem First Occurred:
9/26/2011
Product or Service: Payday Loans
Model Name or Number:
Date Purchased: 9/30/2011
Order Number: CH1097
Amount In Dispute: $0.00




Company's Response

Company's Initial Response - Posted 11/03/2011
Some cammers are using our name, calling and tricking people into sending money to India via Western Union. They say is about a payday loan from iPaydayCash.com. We are sorry for their loss, BUT THESE PEOPLE HAVEN'T EVEN APPLIED FOR A PAYDAY LOAN WITH IPAYDAYCASH.We even posted this announcement on every page of our website, trying to avoid people falling into the scam: "IMPORTANT ANNOUNCEMENT 1) The operator of this website will never call you to ask for any down payment or monetary transaction whatsoever. 2) Under no circumstances should you transfer money by Western Union to ANYONE at any time. The loan fees shall be deducted from your account only." Again, we are sorry for their loss, BUT THESE PEOPLE HAVEN'T EVEN APPLIED FOR A PAYDAY LOAN WITH IPAYDAYCASH.
Initial Response Summary
we are sorry for their loss, BUT THESE PEOPLE HAVEN'T EVEN APPLIED FOR A PAYDAY LOAN WITH IPAYDAYCASH.

And yes, I did apply for a loan with iPayday Cash. The rest of their reply is equally as accurate. Sorry for my loss, He**! With all of the outsourcing going on, the whole company must be scamming millions. The telemarketing company listed at the above address is D & D Marketing.And one of the officials there admitted to me that they did have iPayday Cash as one of their clients, though they denied it later.