Advance Loan Fee Scammers Advance on North Dakota

Allison Tussey —  March 13, 2009 — Leave a comment

Premier Financial Lenders, a fictitious company, is exploiting North Dakota’s reputation for honesty in an effort to con people across the country. This advance loan fee scheme has prompted consumer complaints as far away as California claiming that a North Dakota company is involved in a scam.

The phony company, currently using the business name “Premier Financial Lenders,” claims to offer guaranteed advance fee loans. The individual is told that as soon as the loan fees are paid, the money will be released to them. The individual is directed to wire money to Canada, and given a customer service number with a North Dakota (701) area code to call once the money is wired.

“Advance fee loans are illegal in North Dakota. The phone number is a fake, as is the supposed guaranteed loan, and the victim loses the money they have wired to the scam artist,”said North Dakota Attorney General Wayne Stenehjem.

Parrell Grossman, director of the Consumer Protection division, reminds North Dakotans that a legitimate lender will not require a consumer to wire money in payment of fees in order to receive a loan. Grossman encourages individuals to call the Consumer Protection division, toll-free at 1-800-472-2600, before agreeing to wire money to an unknown party.

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Allison Tussey

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