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Sep 28, 2017 - 34 minute read

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The Federal Trade Commission accused 14 companies owned by two Johnson County men, Timothy A. Coppinger and Frampton T. Rowland III, of using online data to take out loans for people without their permission. The companies - including CWB Services LLC, Anasazi Group LLC and Sandpoint Capital LLC - targeted top merchant cash advance who had gone online to research short-term payday loans, which tend to be small-dollar loans repaid in two-week increments.

Borrowers would type their personal financial information, including checking account and routing numbers, into third-party websites known as lead generators to see whether the sites could match them with a lender.

But most never formally applied for any loans, according to the complaint filed by the FTC. Be the first to know. No one covers what is happening in our community better than we do. And with a digital subscription, you'll never top merchant cash advance a local story.

Coppinger and Rowlands companies then bought the borrowers information from the lead generators, deposited 200-300 loans in borrowers accounts without their permission, and started withdrawing up to 90 at a time for finance charges, the complaint said.

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Late Payments Hurt Your Credit Score. Please be aware that missing a payment or making a late payment can negatively impact your credit score. To protect yourself and your credit history, make sure you only accept loan terms that you can afford to repay.

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