SONIC BANK IS A SCAM! AVOID THEM AT ALL COSTS!
One of the bigger scams out now is a PayDay Loan hustle perpetrated
by "SONIC BANK". They're some sort or bank that randomly calls
people
demanding repayment of payday loans. Sonic Bank or Sonic Cashnet bank
as their reps sometimes go by will call you, often with heavy Indian
accents, claiming that you're behind on a payday loan; a loan that
they will claim you took out several months, if not years ago.
They'll give you a phone number, no more than a general vicinity of
their location and they'll somehow have accessed just enough of your
personal info for all this to sound plausible.
In the case of my girlfriend, she got hit with this in on a late
Saturday night in October—that's when a "Mr. Michael Smith" from "Sonic
Bank" (714) 384-9647 called up demanding remittance from an outstanding
payday loan she allegedly took out.
She listened nervously as Mr. Smith immediately explains that her delinquent account will be put into collections, subject to additional fines, penalties and possible legal action if she doesn't pay up.
Stunned, she asks what account Mr. Smith is talking about.
Mr. Smith claims that in June 2006—that's 2 years ago—she took out a $600 payday loan with Sonic Bank that was deposited into her checking account electronically; and despite several attempts to over the years they've been unable to get her to pay it back.
"What?! I don't owe you guys anything? I never took out any payday loan!" she says.
Mr. Smith then proceeds to rattle off my girlfriend's name, her address, her SS, and her bank's routing number, all as proof they've done business in the past. Smith claims SONIC BANK advanced her the money, deposited it into her acct and now needs her approval to get their money back.
Now she's scared. This guy wants his money and he's got her social security number and her Banking info. And she still has no idea who Sonic bank is or what they're talking about.
So keeping him talking, she runs to her laptop and logs onto her bank. She goes back one, two, three, four years… nothing. No such transaction for $600; and no transactions from a "Sonic Bank" or "sonic" anything.
Now realizing that this SONIC BANK must be some sort of scam and having proof from her own bank that she's never taken out any such loan, she demands to talk to Mr. Smith's supervisor. He refuses. She demands to be emailed or faxed paperwork--some tangible proof or record of this transaction. Mr. Smith claims to have no such information, but his colleague "Mr. John Smith" might be able to send her some documentation at a later time as receipt of payment—once she pays up, of course.
Taking the number off our Caller ID, I grab a cell and call Sonic Bank. It goes to "musak"—monotonous piano-y instrumental music—no voice, no id, no way of knowing if the recipient is residential business or governmental.
(It was as if the line was busy. How many banks do you know with one phone-line? And for that matter, how many banks do you know that if you call don't have some sort of audio ID—be it a voice-prompt, operator service, etc? This Sonic Bank seemed to have none.)
Annoyed, I hang up. But I'm concerned because, again, they have her SS and contact info. Now while much of this stuff is unfortunately public domain/easy to access by shady operators, that doesn't explain exactly who they are or where they're at.
Meanwhile, my girl is still on the phone being berated and threatened by Mr. Smith whose still demanding his money. He's talking so loud I can hear him. He's got this heavy Southeast Asian accent—possibly Filipino/pacific islander, but mostly likely Indian.
Rather than hang up on him, she tries to sweet talk them into giving her some info on SONIC BANK so we can dig up something online. She explains that she has never used a payday loan service of any kind (true); has never heard of Sonic Bank; and wants to know why if she had taken out such a loan they would wait 2 years before contacting her. She also asks for their number, their location so she can work out a payment plan.
i hop online and this is what i find when i google SONIC BANK. Now my google game's pretty tight--i can find anything online in a few seconds thru corss searches, etc. I found nothing for SONIC BANK_not as a full-on financial institution, at least. They're not real.
What I did find was: Tons of complaints from across the country: Random stories about guys with Indian accents from SONIC BANK harassing people by phone and demanding payment for past due loans. People from Cali, New york, Chicago, Florida, overseas... SONIC BANK is one of the handles for a couple web-based payday lenders--bogus or not--they're apparently scamming people on multiple continents. Avoid them like the plague!
So, oh yeah... back to "Mr. Smith"—he's still on the phone trying to talk me into giving him some money:
Mr. Smith refuses to offer any info other than SONIC BANK's phone number: 714-384-9647—the one with the muzak on the receing end. He also shares that SONIC's located in Irvine, California. Hut he won't provide a street address or a zip code or any other hard concrete evidence of his company's existence.
So this is where I take the phone. Mr. Michael Smith, unaware she's no longer on the line, is now cursing at who he thinks is a frustrated woman: "You know damn well you borrowed this money from Sonic bank. And sonic wants it's money or you'll be in a hell of a lot of trouble!"
I proceed to shut Mr. Smith down with a series of questions beginning with: "What kind of bank gives payday loans?!" "What kind of bank loans $600 or any amount of money with no interest and waits two years to collect? "How come you've only got one phone line?" "How can she pay you if you don't send her an invoice or any paperwork?" "Why won't you give out your address so she can mail you a check?"
He gets nervous; and like Sarah Palin, he ignores my questions but rather sticks to the script about her owing money to SONIC. As he babbles on about paying your bills and us being in trouble, I'm wondering how many old people, really young college kids and people that just get scared and pay him to go away does this bully and his crew actually squeeze money out of each week.
You know this sort of scam works a lot. it's low overhead and you only need to work it a few times a day to make it profitable. These guys are probably holed up in hotel rooms somewhere with random call lists that're Snickers-thick. I'm guessing 20 names per page and maybe 20 or 30 pages per caller? If you start on monday morning, you could be chillin' in first class on your way to Tahiti by Wednesday.
ID theft, scams like this are a real beyotch... I'm so steamed I don't know what to do. "Mr. Smith" is unable/unwilling to answer any of my questions including his location—he'll only state that SONIC BANK is based in Irvine, California. He won't give a website or a fax number, but I've found some info on my own.
about 10 minutes of mutual cursing, threats and yelling, he hangs up—but not without warning that my girl's acct is now in collections and that she's in "real trouble." I let him know that if I ever find out where he is, $600 won't begin to cover his medical bills.
That was Oct. 19th...
(But wait, it gets better:)
A few days later, this time during the day—a guy calls from SONIC BANK. His name is "Jack Borson". He's calling from the same number, with the same bad accent. He wants to talk to my girlfriend. When I tell him she's not home and can I take a message, he informs me that her application has been approved...
For a Job.
Swear to God, this guy told me that my girlfriend applied for a job at SONIC BANK and they were interested in offering her a position. All she had to do is call them back.
These guys at SONIC BANK are clowns. They're jokes. But they're good enough to phish. They can get just enough basic/public domain info on people then use it to scare them into paying them to go away.
Whatever you do, don't pay them. If SONIC BANK contacts you, don't give them any info, don't give them any money. And if they appear to have any personal info on you, look into changing and updating your key info--bank acct numbers, SS, etc. most banks can put certain parties like SONIC on a fraud alert list so they can't access your accounts. And check the credit bureaus to make sure no one's opening up bogus accounts or credit cards in your name.
Be careful out there, folks. it's getting ugly. The hustlers and scammers and thieves are getting hungry. And we're looking like dinner to them.