Newfield Lending Group - Advance Fee Loan Scam

Scam Details

The state of Washington Department of Financial Institutions (DFI) has received a complaint from a Washington consumer against Newfield Lending Group. The consumer reported that Newfield Lending Group offered them a personal loan. When the consumer applied for the personal loan, they were told by Newfield Lending Group that they would need to pay a fee before receiving the loan. The Department was not able to verify the consumers allegations.

It appears that Newfield Lending Group may be engaged in an "Advance Fee Loan Scam" and is requiring payment of an upfront or advance fee in order for the consumer to be able to obtain a loan. It appears Newfield Lending Group did not provide the consumer with a loan after the consumer paid the advance fee.

Newfield Lending Group is not licensed by the DFI and is not registered to conduct business in Washington State by the Department of Licensing, the Department of Revenue, or the Secretary of State.

About Newfield Lending Group

Newfield Lending Group has been associated with the following contact information:

Website: https://www.newfieldlg.com

Address: 999 3rd Ave
Seattle, WA 98104

Email: [email protected]

Phone: 1*877*370*9184

Please Note:

Newfield Lending Group should not be confused with the following company:

• Newfield National Bank in New Jersey

Avoid Becoming a Victim of Fraud

• DFI warns Washington consumers that when considering doing business with a financial service provider the consumer can:
• Make sure that the entity is licensed. Consumers can use the "Verify a License" feature on DFI's website at www.dfi.wa.gov to check whether a payday or consumer loan company is licensed to conduct business in the state of Washington.
• Never provide any personal information, such as social security number or bank account number or access if the company is not licensed or authorized to conduct business.

Information for Washington Residents

• Washington State residents are informed that Washington State law provides in RCW 31.04.035 that for a residential mortgage loan, an unlicensed lender must refund any non-third-party fees charged in connection with the origination (excluding interest charges). For a loan that is not a residential mortgage loan by an unlicensed lender, that loan is null, void, uncollectable, and unenforceable.
• If you suspect unlicensed activity by a payday lender or consumer loan company, please contact the Department at 1-877-RING-DFI (746-4334), or online at www.dfi.wa.gov. Even if the activity involves a loan you obtained over the internet, a license is generally still required. If a collection agency is attempting to collect a debt from you, you can check whether the company is licensed by the State of Washington Department of Licensing.

Information for All Consumers

• If you received a loan from a lender and someone else is now attempting to collect the loan, collection activity may be subject to the federal Fair Debt Collection Practices Act (FDCPA). If you are contacted by a third party claiming you owe a debt, you can request a "written validation notice," which must provide the amount of the debt, the name of the creditor you owe, and your rights under the FDCPA. If you have questions regarding federal debt collection laws you can contact the Federal Trade Commission (FTC) at 1-877-FTC-HELP or online at www.ftc.gov.
• If you feel you have been the victim of a scam you can contact the FTC at 1-877-FTC-HELP (382-4357) or online at www.ftc.gov; or the Consumer Financial Protection Bureau (CFPB) at 1-855-411-CFPB (2372) or online at www.consumerfinance.gov.
• If the scammers already have your bank account information, social security number, or other personal information, you may be a victim of identity theft. You can contact your bank and the three major credit bureaus to take appropriate precautions. The FTC has information for victims of identity theft online at www.ftc.gov.
• If you feel you have been the victim of a scam involving the internet you can contact the Internet Crime Complaint Center online at www.ic3.gov.
• If you feel you have been the victim of a financial scam and are concerned about your personal financial information, you can contact your banking institution and the three major credit bureaus. Procedures for contacting the credit bureaus are available on the FTC's website at www.ftc.gov.
• If you live in another state, find the regulator in your home state.

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