US Fast Cash - Protected by Tribal Status?

Hello -

I have some questions regarding a payday loan I have from US Fast Cash. They are based out of Miami, OK. From what I gather, they go by several different names, like 500 Fast Cash and MTE Financial, among others.

I called my state's attorney general's office to file a complaint and get info on how to deal with this company, because I know for a fact they are not licensed to lend into Michigan, where I live. And I know that Michigan law requires a lender to be licensed in Michigan to lend into Michigan. I was told I should call the banking agency in OK that licenses payday lenders. Finally found THAT information, and called.

I was told that no one - no one - can touch this company, because they are located on "tribal lands" and are therefore exempt from state law. That nothing can be done about them.

So am I stuck paying off this illegal loan, just because these sharks are sneaky enough to work the loophole that allows them to be located on tribal lands, and therefore protected by tribal law?? I don't deny that I took out the loan, but I was not aware that they were illegally lending into my state when I did it, and now, if I don't pay them, they will tack on $75 EVERY WEEK that I don't pay.

No, you aren't stuck paying them off, only pay them the principal amount you borrowed to begin with. They are exempt from our state laws, true, however, on the flip side, we are exempt from their laws. They can't sue you, for if they did that would mean they would need to do so in our court of law, if they did that then they would be giving up their tribal laws! Not going to happen! Close your account asap and compute the amount you borrowed verses what you have already paid them, if that amount exceeds the principal amount you borrowed, then tell them to "sue" you, we both know they can't/won't. CLICK HERE to find out how to deal with illegal lenders.

Thanks, Shazzers.

So how do I get them to quit calling me at work and home once I pay what I borrowed? From what I see, they're pretty aggressive and will continue calling me for years, possibly. I don't need the harrassment.

When you hear them calling, if they're not willing to work with you on repaying the principal amount, just hang up on them. Granted, they might keep calling for a while, but that doesn't mean you have to talk to them.

Believe it or not, these clowns have called me twice more in the past 2 months. I've given them my BK attorney's information, and told them that I know they are lending illegally in my state. You wouldn't believe what they told me.

The rep there (Mrs. McGee - nice assumed name, huh?) said that they were totally within their legal rights in lending into my state (MI), because once someone goes out on the internet to obtain a loan, it comes under "federal laws" regarding payday loans. Ok - so ARE there any actual "federal laws" regarding payday loans? She stated that every state has different laws, but that the internet is under federal jurisdiction. I think she's full of it, myself. Unless she is referring to the fact that they are located on tribal lands, and therefore are exempt from state law (so they think)? I really hope the government cracks down on these companies soon - especially the ones hiding behind protected tribal status by locating their company on tribal land.

lol there is no such thing as federal jurisdiction. She is full of CRAP!! The thing is, while they may be protected by their tribal laws, you are exempt from them, so, I would tell them to go piss up a rope!