Callers falsely claiming to be DBO licensees “KwikCash” and “Advance America” (05/09/2018)

    The Department of Business Oversight (DBO) has been notified of multiple individuals making unsolicited phone calls to consumers who have applied for online loans, claiming that these consumers have been approved for loans, asking for upfront payment, and then never providing any funds. These individuals or entities use many different names, including “Advance America,” “Cash Advance America,” “Quick Cash Funding,” “Quick Cash Loans,” and “Kwik Cash.” Most recently, the DBO has been told perpetrators claim to be “KwikCash in Irvine” and use the email cashadvanceamerica@outlook.com and phone number 213-784-4452. These entities should not be confused with active DBO licensees KwikCash in Irvine and Advance America, both of which provide loans, nor their websites, kwikcashonline.com and advanceamerica.net.

    The DBO encourages consumers to beware of any solicitations asking for advance fees. To check whether a loan company is licensed by the DBO, or to file a complaint, go to the DBO website at www.dbo.ca.gov  or call 1-866-275-2677.

    The DBO urges consumers to exercise extreme caution before responding to any solicitation promoting loans, escrow services or other offers.  To check whether a financial service provider is licensed in California, or to file a complaint, consumers should go to the DBO website at www.dbo.ca.gov or call 1-866-275-2677.