It is a scam.
In the US it is ILLEGAL for someone to call you and offer a loan and require you to pay an upfront fee.
See:
http://www.ftc.gov/bcp/edu/microsites/moneyma ... fee-loans.shtml
"If the offer of the loan is made by phone but you have to pay before you get access to any money, it’s illegal. It’s illegal for companies doing business in the U.S. by phone to promise you a loan and ask you to pay for it before they make good on their promise."
The Washington State Department of Financial Institutions (DFI) has received several complaints from consumers who reside in Washington State, as well as consumers residing outside of Washington State. These consumers have reported similar experiences – in each case the consumers attempted to obtain an online payday loan from USA Payday Loan; however, after consumers wired money for various service related fees (application fee, insurance fee, and tax fee) no loan was provided. It has also been reported that the company often requests additional service related fees after the initial fee is wired by consumers.
The website address associated with this company is: paydayloansusaonline.com and telephone numbers that have been associated with this company in Washington State are: (206) 201-2243; (206) 201-2434; (206) 201-2464; and (206) 317-1267. There have been several addresses associated with this company: 24 Northeast Avenue, Seattle, WA 98101; 25 Northwest Avenue, Seattle, WA 98101; and 35 Northeast Avenue, Seattle, WA 98101. DFI has been unable to confirm a physical presence of this company in Washington State and has been unable to verify the addresses provided exist in the Seattle area.
USA Payday Loans is not licensed by DFI, and is not registered to conduct business in Washington by the Department of Licensing, the Department of Revenue, or the Secretary of State.
Payday Loan Collection Laws
Washington State law prohibits threatening or harassing behavior by individuals attempting to collect a debt. The federal Fair Debt Collection Practices Act states that debt collectors must send consumers a written notice within five days of the first collection phone call, stating the amount of the debt and what it relates to. Debt collectors cannot state or imply that failure to pay a debt is a crime. They cannot call before 8:00 a.m. or after 9:00 p.m. They cannot harass or abuse consumers, or contact consumers' places of employment.
Verify Licenses
DFI strongly recommends that residents verify the license of any lender with which they consider doing business with. Consumers are urged to verify licensing status prior to giving the lender nonpublic personal information, such as social security number and checking account access. You can verify a license with DFI at www.dfi.wa.gov or by calling 1.877.RING DFI (746-4334).
Report Violators
If you feel you are in immediate danger contact local law enforcement.
If you feel you have been the victim of a loan scam please contact the Federal Trade Commission at 1-877-FTC-HELP(382-4357), or online at www.ftc.gov.
If you feel you have been the victim of a loan scam involving the Internet please contact the Internet Crime Complaint Center online at www.ic3.gov.
If you feel you have been the victim of a loan scam and are concerned about your personal financial information, contact your banking institution, and the three major credit bureaus."
I needed a loan and USA Finance said they could help,told me to get a green dot card and put money on it so i did they took my money and they want answer the phone. And that was today, I am going to report them to the police and anyone that want to know. They say that they are cash advance but the [***] on the phone doesn't know how to say bussy
Michael called from (551)200-5669 and told me that I was approved for a loan of $1000 and that the confirmation number was 2008 and that I needed to hurry and call Joseph at this number. I did as I was told to do. Joseph told me to go to CVS and buy a OneVanilla prepaid visa and put $30 on it and that they would match it with $70 so I could prove I had the first months payment. When I hung up with him, I did an internet search and come to find out that this was a scam and that people had been reporting them since April 2011. They have made threats that they are going to come to my house and rape me over and over and bring their dog too......they even threatened my life.......they have my address, phone number, bank info and everything.........BE VERY AWARE PEOPLE ARE DANGEROUS
Read more at http://www.callercenter.com/551-200-5673.html#f7wgHJ0zXCF1sZct.99