Welcome!

News Feed Item

Loans-Payday.com Offers Help to Protect Borrowers from Loan Scams

Despite safeguards, millions of borrowers fall prey to unscrupulous loan scams. Loans-Payday.com tightens the strings to protect borrowers.

SAN DIEGO, Jan. 17, 2014 /PRNewswire-iReach/ -- Millions of unsuspecting borrowers become victims of Machiavellian loan scams every single year. An average scam would run in the hundreds of dollars. Cumulatively, that would translate to hundreds of millions of dollar bilked out of unsuspecting consumers every single year. Extrapolate these numbers to even a shorter duration of a decade and we have billions of dollars in the realms of a sophisticated "fraud machinery". Unfortunately, the numbers continue to grow despite the widespread efforts of law enforcement personnel and the Federal Trade Commission's vigilance.

In fact, the FTC (Federal Trade Commission) recently conducted a survey and released shocking findings. According to the newly-released survey, advance-fee loan scams were the most frequently reported (perhaps at the top of the list) type of consumer fraud and nearly 4.5 million consumers (approximately 2.1 percent of the U.S. population) paid advance fees but did not receive the promised loan or card.

Given the widespread nature and prevalence of existing fraud schemes, http://www.Loans-Payday.com, a loans approval website, has released several potent and cutting-edge consumer protection mechanisms to protect both individual and business borrowers.

Recent changes to the site's already-secure infrastructure include:

Pre-approved network of lenders. Most loan scams originate from suspicious lenders. Accordingly, http://www.loans-payday.com/ has tightened controls to ensure highest standards of due diligence and allows only a pre-approved and fraud-screened network of lenders to originate loans to its customers and borrowers0.

Extremely secure site infrastructure and encryption mechanisms. The company has also taken extra precautions to ensure the site uses only the highest industry standards in encryption and data transfer and storage technology.

Fraud prevention specialists. A team of experienced fraud prevention specialists constantly monitor lending activity within its network. The team works with both lenders and borrowers to ensure any suspicious activity is curtailed immediately.

24/7/365 monitoring. Finally, a dedicated team of customer support specialists man a 24/7/365 operation to ensure customers receive one-on-one support every time there is a need.

"We take loan fraud very seriously. Despite the widespread prevalence of loan scams, we have maintained a near hundred percent secure infrastructure for over fifteen years. Clear lack of complaints is a stellar testimony and a compelling track record that borrowers can rely on. Despite our accomplishments, we continue to drive continuous improvement to ensure our infrastructure remains just as secure in the future as it is today," says Maurice Chandler, CEO and founder of Loans-Payday.com.

Loans-Payday.com is a state-of-the-art service providing fast online loan applications and approvals to both individual and business borrowers. The site has been in existence for over fifteen years and under the leadership of a dedicated team of loan specialists and a robust network of lenders, provides millions of dollars in short term loans for a variety of needs, from cash advance and payday loans to car loans and medical emergencies. Its recently unveiled infrastructure features sophisticated mechanisms to prevent fraud and protect consumers from loan scams.

For more information and to apply for a short term loan, visit Loans-Payday.com.

Media Contact: Maurice Chandler, I.D.S International inc, (646) 257-4131, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Loans-Payday.com

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...