Sandpoint Capital - Are they licensed in all states?

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Hello
I just tried to call that 1800 708 4342 and they wanted me to leave name and social. I do not feel comfortable leaving that info without knowing they are for real. I have a company calling me claiming I owe money to sandpoint. I called them and they said they had several companies. They said they sent me a summons to my work which I never saw. They called my work too. They said I was going to be arrested at my job if I did not settle to pay the 800$. Now I am getting cell phone number calls stating I owe sandpoint and they called themselves National Credit Adjustors. They are calling me everyday. They would not give me any real names but attitude because I wont confirm that who they are contacting. Are these people scamming me?

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Most of the people who complain are just dumb, they have not read the terms of the contract they agreed to. The finance charge you pay on your paydate does not reduce your loan, it buys you two more weeks. "Legitimate" companieds will pay down your principal by $50 to slowly get you out of the debt. Even so, a $300 loan can easily cost you $900 to get out from under. Take heed!

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So what do I do now They put $400 in my account didnt call me or anything. I only asked for $200 should I close down my account now??

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Review the laws in your state - determine if the internet lender has to abide by the laws in the state you reside in or they can operate from within the laws of their state.

Illinois caps out interest on loans @ $15.50 per every $100 borrowed. Sandpoint was easily charging me double that for every $100 borrowed. Plus, the loan that I am currently working on getting out of has been over 45 days since it was issued - another no-no in my state. The finance charges are roll overs in disguise and Illinois doesn't allow lenders to provide roll overs on loans.

That's three strikes for Sandpoint.

I had a call today from a Dale Burkwinn. He said he was from Lakeside Receivables and he was calling about a payday Loan with Sandpoint Capital and that there was a court date set up for the 27th of this month for a loan that was defaulted on in 2009. We had taken out a $300 loan with Sandpoint in Sept of 2008 made the $90 payments for 3 - 4 months on a bimonthly basis. Well needless to say we stopped making the payments. Now this guys calls me today saying they are filing suit and is saying that we now owe $1782. He said they are willing to settle for $520 as a downpayment and then installments of 257.00. He quoted all kinds of Federal law and said that the laws of the state dont apply and all fall under an umbrella of the Federal law. I did not quite understand any of it. But he said he was going into a pre-litigation conference at 10 am tomorrow morning and if I did not call him back by then that we were going to be receiving papers for court for this loan. I dont know what to do. I do not have the money to settle and I really need some quick advice. I cannot find any information on Lakeside Receivables or the phone numbers he called from either. Am I really going to be served with papers? What can I do to hold him off for a little while until I can figure out what to do about this whole thing. Any advice?? Oh and I also should mention that I had already paid back $450 to this company and I live in the state of Florida, if that makes any kind of difference.

I have a friend who told me her loan company threatened her in the EXACT SAME WAY... so YOU CAN'T tell someone that no one said that. I believe it.

Thanks for all who responded regarding this company. I was applying for a payday loan and got the call from this Clearwater Bay Marketing. I will not be getting a pay day loan from this establishment.

Don't get one at all, if you can help it.

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SCAM, SCAM SCAM SCAM SCAM------- FRAUD FRAUD FRAUD FRAUD FRAUD


FRAUD FRAUD FRAUD FRAUD FRAUD FRAUD FRAUD FRAUD FRAUD!

Sanppoint Capital is a scam!!!!!!!!!!! and I had a Payday loan with then online. Wells Fargo is the bank at the time I had a payday loan of 300.00 they started to debit the account $50.00 as suggested. The amount was at 150.00 and I went unemployed. At that point Sandpoint Capital continued to debit the account charging NSF Fee's as well as adding there own $50.00 fee daily. The loan amount is now as of 11/30/2010 in the amount of $525.00. The company calls my phone with rude collections calls daily. They have threatened to serve me with legal papers in reference to the unpaid debt.


As a consumer I have already paid half the loan and was trying to clean up interest fee's and the hired company ACS Legal Group is threatening to sue me for $525.00 ......$225.00 more than the original Loan as well as $150.00 that was already paid.


If there is any attorney that can help or assist fight FRAUD companies like these!

Thank you for all of your help


Consumer

Every single one of you that has received a loan from Sandpoint Capital need to read your loan documents!!!!!!!!! Quit your complaining on how this and that isn't legal. You took the loan out b/c you were hard up for the $. READ YOUR LOAN DOCUMENT! If you would have read the loan document before taking out the loan (your sent one as soon as your application is received, it's an automatic email) then you would know how the loan works. If you don't agree, DO NOT TAKE THE LOAN! It's not rocket science people!
Clearwater Bay Marketing/Sandpoint Capital isn't fake, not a scam, completely legit. If you think you've been scammed, then you're one of the idiots who took the loan w/out understanding the terms.

you are full of crap! SP does not charge a fee every single day. You're one of the morons that took out the loan w/out reading and understanding the terms.

boy the shils/bobos/humanoids are out today.go back to your hole drone.this is an illegal pdl that charges "interest"daily which is illegal because this is an illegal pdl that is not based in this country.therefore the terms are not relevant.get lost!!!!!!!!!!!btw the two posts above me are by an idiot that works for sandpoint,and again nothing legit about them,or the humanoid posting the garbage.

Sandpoint Capital is also known as Namakan Capital, I mean sheesh, Internet payday lenders are all connected in some way and mostly scammers!

800-708-4342

I borrowed 300 dollars and some guy that sounds like he is from india or whatever called me and stated that he was the police officer and has a court order that the company is suing me for unpaid payments, they told me that I can pay off the 300 every two weeks until paid off but now they are harrassing me, I still owed 130 what should I do

I myself took a loan with them and only talked to a lady named Sarah and was very nice and took care of my loan promptly with no errors. I have her number if you want to see if you can just deal with her.

If you borrowed money from any payday lender they cannot call the police to arrest you. They can harrass you with phone calls. But, no one can arrest you for not paying a bill. They can take legal action if they choose and do a wage garnishment through the courts which is different then a wage assignment which you can personally revoke.

puh-lease an illegal lender has as much chance as ice in august in a court of law so don't state things that can't,and won't happen.

I also took out a loan with Sandpoint.I have been going through HELL since Dec.I got the loan in Nov. Unfortunetly after I took the loan I started getting money drawn from my bank account from different people off the internet. As a result when it came time to make my first payment I didnt have any money in my account for them to take out because I had overdraft after overdraft. The bank had to put a freeze on my account.I needed my bank account because that was the only way that i could get paid from my job. Also this was at Christmas time and i have three young children who were expecting gifts from Santa. It's really frustrating for me to keep having to go through this i am really tired. I havent had any problem out of Sandpoint actually a lady named May has been trying to do what she can to help me. She told me not to worry about making a payment until after Christmas.Well a couple days after i talked to her a man called saying he was from FFG & Associates and was trying to collect on this debt.That was the day i started going through hell and i am still getting calls every day even on my 11 year old daughters phone which i didnt use her # on the loan app. They say that was a # i called from so thats how they got it. They are calling my job harrassing and trying to get human resources # talking about garnishing my check saying i'm gonna go to jail. I'm so stressed over this that my hair is coming out.I cannot trust anyone who calls saying they are collecting on the debt. Sandpoint accually told me nobody would be calling me to collect that i would receive an email giving me the info to contact the debtor i needed to pay. I havent received an email yet all i keep getting is rude harrasssing phone calls from Bryan/Sky/Ms.Hoggan/Joseph/ect. from FFG & Associates.I really wish i knew who i was supposed to pay to get rid of this. I wonder does Montel Williams know how these companies he is running commercials for and putting his face on envelopes for is doing nothing but ripping innocent people off thats just trying to make it out here or if he even cares.I have acurrent # to Sandpoint and some info for the person in Alabama . The # to Sandpoint is 800-708-4342 this is correct as of 3/2/2011 as for the person in Alabama I am also from here and going to do all i can to clear this up i dont care who i have to contact I'm gonna try to contact The Alabama Banking Department there address is PO Box 4600 Montgomery ,AL 36103 / Phone # (334)242-3452 / contact Arlene Baldwin, Consumer Services Specialist Bureau of Loans.If anyone can give me somes tips i would really appreciate it. i dont know what else to do.

Well, I actually had to close my bank acct because they just kept taking money. I have had to file bankruptcy & I know that Sandpoint also works under the name of VIP Cash as well. Yes, when I first closed my acct last fall, some guy with a very thick accent called several times threatening me with very harsh consequences if I did not follow through, but I figured I had paid enough! Well, I have them listed on my bankruptcy & that is the end my dealings with payday loans!

that was real nice humanoid.stupid but nice.now get off your soapbox,shower with said soap.then get back to the phones idiot.

here's the skinny on any debts in the USA: Ok, if you don't pay them back soon, you will be looking forward to constant collection calls for 90 days. if you are not paid in full, or have a payment plan setup with the collection agency by the end of 90 days, the collectiin agency has the legal right to garnish your wages. Your are not going to jail unless you write them 3 rubber checks in a row ( then you may risk arrest for check fraud, not debt collection..) It might actually work out for you if this Icollect company is USA based, because they are regulated by the US banking and trade commission... USA law protects you to some degree because they are required by law to accept any reasonable repayment arrangements, if you can only pay $10 a week for the next 5 years, then so be it, but you gotta prove the financial hardship. Also, when it goes to collections, the insane high interest fees and other BS from the payday loan stop accruing. You may be able to settle the debt for the principal and a reasonable fee for the debt collector's services. I settled with a previous payday loan ( not sandpoint), who told me I allegedley owed them over $2000 ( it had been sitting in there files for a year, "forgotten"). I settled for $600. Considering the alternative, i would say I got away lucky. take a deep breath, answer the phone the next time these assholes call and try to work out a payback arrangement ASAP. if you CAN pay them the full amount, do it and ge these monkeys off of your back! Good lkuck and God bless, man. dont panic, you have rights. !!

please.go away.the only part of your idiocy humanoid that's right is the last part.we do have rights and exercise them.btw icollect is not licensed therefore they are a bottomfeeder meaning hey have no right to contact much less collect a thing as just about all internet loans are illegal,and an ACH debit is not a check.last thing your scenario in which you paid the 600.00 well then you are a sucker as unless you borrowed 600.00 and nothing was debited you didn't owe 600.00.so i'm happy to shoot you down as i don't advise just paying a piece of pdl collector garbage without something in writing first and only what is truly owed.not what an unarrested criminal on the phone says i owe.

I get threatening emails from attorney eric smith who says i will be arrested for non payment. He claims he is from NC but the number listed is in TN and its a recording telling me the party i called is unavailable but leave a message..anyone hear of him?

File AG reports on this law breaker....do NOT loose that email. If he is an attorney which I doubt, forward it to his states bar association.

I have the email saved, he threatened to have me arrested if i dont contact him today...mind you, the email was sent to me at 1:42am. Its all about a payday loan from US national bank but also says sandpoint capital llc.....didnt think i could be arrested afterall this email says its from 2008!

shill
either you are a shill or a fool for giving these bottomfeeders anything!!!

debt collection scam from india-ignore them

Here is a number I received from someone who works for them. I was in the middle of a loan but after reading this I believe Ihave changed my mind thanks!
1-855-417-4415 if you know who you need to talk to the emails are: agentname@cwbservices