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aj15 · Posted: Thu May 22, 2008 5:28 am Subject: Geneva Roth - licensed?

Did I read somewhere that Geneva Roth IS licensed?

Aren't they Loanpoint??

How does that affect the battle? I'm in KY.

Posted: Thu May 22, 2008 5:49 am Subject:

Geneva Roth is a licensed lender. I am dealing with them right now....my state laws allow them to lend here in TN, so that means I pretty much have to do what they say...I'm not sure about the KY laws, but someone will know and we will go from there....

Guest · Posted: Thu May 22, 2008 6:08 am Subject:

does anyone have a address or fax number for Geneva Roth

Posted: Thu May 22, 2008 11:09 am Subject:

I just settled with Geneva/LoanPoint. I was under the impression that they are illegal everywhere. Someone correct me if Im wrong.

Here is the info they provided me with through the BBB.

Compliance Department
Geneva Roth Companies
1338 S. Foothill Drive
Suite 325
Salt Lake City, UT 84108

Posted: Thu May 22, 2008 11:22 am Subject:

hevnly...what was your settlement with loanpoint if you don't mind me asking. they are due to debit my account tomorrow and i revoked debits with them....just curious

Posted: Thu May 22, 2008 11:31 am Subject:

They owed me a refund of like $520. I took a 200 loan and I pid them 720 total. After about a month of arguing through the BBB and getting no help from my AG they offered me a settlement of $20. I honestly think they did that because they thought they would have access to my new account...but little do they know I paid the $20 with a visa gift card LOL. Suckers!

However I am not done with them I printed out everything and mailed every piece of info to my AG, The federal trade commisioner, and the Governor of Michigan. I printed out LoanPoints info on lending to MI residents, MI lending laws, and my whold transcript of my BBB complaint. Im hoping this will get them shut down at least to MI residents.

Posted: Thu May 22, 2008 11:33 am Subject:

i am waiting on a response from the bbb with them as well..they have until june 3...just about the same here...i have paid $745 on $300...guess i will wait and see. i am sure they will debit my account regardless

Posted: Thu May 22, 2008 11:40 am Subject:

You should close your account. Because they have ways around the stop payment. They will do smaller or larger amounts or even change their name. I would close your account completely

Posted: Thu May 22, 2008 11:55 am Subject:

i only have two more payments with them...only one more after tomorrow. so i didnt want to go thru the hassle and have them calling work constantly. so i have kept my account open. one pdl honored my request and gave me a refund ...one so far has not and debitted and then i have the one due tomorrow which i am sure will be ignored and my account will be debited.
but at least i know i only have two more weeks of debits and it will all be done forever.

Posted: Thu May 22, 2008 12:03 pm Subject:

aj, to answer your question, pdls are prohibited in KY, it does not matter whether Geneva is licensed or not...the DFI does not recognize these as legal collectable loans.

Posted: Thu May 22, 2008 12:39 pm Subject:

I understand why you are keeping your account open however I have read on here that even though you are done paying them by their terms they can still debit your account after. Or even debit as another company. I had one company I applied with give my info to another IPDL and they also credited my account and at that time I was blind and did not know how to handle it so I just sat back and watched both companies take my money. So if I were you I would be very cautious because theses companies are ruthless and I wouldnt want them having all my info.
And regardless of my personal situation I do work for a bank and see it all the time. So my professional advise to you is after everything is settled close your account and open a new one even if its with the same bank just get a new account number. Then you wont have to worry about anything in the future.

Posted: Thu May 22, 2008 1:08 pm Subject:

well i am in the process of buying a home and my account has to be open for at least six months, which it has been, with so much money in it so i can't close my account and can't have NSFs show up...i see what you are saying. but if they do try to debit after the fact they are paid off...there will be issues. every two weeks i print up the snap shots on line showing my balance and what is owed with the exception of loanpoint because they don't offer that. but for them i have all of my bank statements ready. i have just tried to do things without closing my account...without much success. but i figured i would try.

Posted: Thu May 22, 2008 1:20 pm Subject:

I just wanted to forwarn you. Because these companies are illegal they dont follow any laws. If they were to debit your account after they were paid off you more than likely will not get it resolved with refund. To me that is a huge risk. The only way to truely stop them is by closing that account. Everyone on here will tell you that. And in all honesty the money they have been taking from you was illegal. You are only morally responsible for paying back the original amount of the loan anything over that is illegal.

Posted: Thu May 22, 2008 1:25 pm Subject:

well..so far i havent had issues...when i put down extra money to pay toward the principle it has always been correct. and my account is always updated to reflect the amount....i guess i will just call on the last payment to make sure...

Posted: Thu May 22, 2008 1:57 pm Subject:

which PDL gave you a refund?

Posted: Thu May 22, 2008 2:00 pm Subject:

loan shop....

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