Scammers claim to be the representatives of a company that offers payday-type loans, which are paycheck advances of cash with a short-term payback.
Most of the callers identify themselves as attorneys for the loan company. They obtain credit card information, dates of birth, confidential telephone numbers and other personal information, and then proceed to victimize the residents.
How to avoid: try to stay away from business pitched over the phone, especially if they are payday loans.