Check n' Go Under Investigation - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Check n' Go Under Investigation

OLYMPIA, Wash.- Payday loan agencies charge unusually high interest rates, and after allegedly scamming customers, Check n' Go is under investigation.

Officials are warning people to look out if using a payday loan agency.

Check n' Go is accused of three violations: asking customers to write more than one check for a loan, collecting excess check return fees, and stealing and storing customer pin numbers

The Washington Department of Financial Institutions said, if convicted, they face substantial penalties.

"We intend to revoke their license, which that would make them, it would take away their ability for them to do business in Washington state. And there is a whole series of fines that are wrapped up with each of these charges, and it totals about $333,000," said Scott Kinney, Director of Communications for the state Department of Financial Institutions.

Kinney warns to always know who you're doing business with when dealing with a payday loan operation

At the places we visited, APR rates ranged as high as 391%.

HD DOPPLER 6i
/