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OMAHA, Neb. (WOWT) – A new study warns against predatory payday loans.

According to a new study by the better business office, predatory payday loan companies and scammers steal your information by making you believe they know more about state laws than you do by not explaining the exact terms of the loan.

“I kept getting these texts and calls early in the morning or late at night,” said a Nebraska woman who asked to remain anonymous. “When I finally got on the phone with them, all they wanted was my social security number.”

The BBB says this is an important red flag. And unfortunately, it has become an all too common scenario.

To add to the confusion, payday loan laws are handled state by state among the 32 states in which they are available. The BBB says a complicated web of regulations makes it difficult to track the industry’s impact.

“The main problem is that these loans have triple-digit interest rates,” says BBB’s vice president of communications and public relations, Josh Planos. “And they are compounded by interest, which is sometimes compounded weekly or monthly rather than annually.”

Here in Nebraska, lenders are prohibited from charging more than $15 per $100 loan. Additionally, credits are capped at $500.

“I actually had a friend who had her identity stolen and then there were some financial things, so I just got lucky and didn’t have any of that done,” she says.

Recently, 6 News received an email from another woman who expressed concern about a mailer.

“I got the mail like every day and I saw this postcard and it worried me a little because it said, First National Bank of Omaha, we’ll call you to discuss your mortgage,” says this Omaha woman who also wish to remain anonymous. “It needs an immediate response, it’s time sensitive.”

The BBB confirms that this is another potential scam and one of several ways scammers ask for, and in some cases get, your information.

“This is something that absolutely affects your neighbor, your community here in Nebraska. You should pay attention to that,” says Planos.

The BBB advises you not to shy away from it report fraud if you fall for it They say the more people know about it, the more likely it is that others will avoid becoming a victim.