loanpointusa

loan point is also GRC - send your letter attn: Michael Page Customer Service Manager 1338 South Foothill Drive Suite 325 Salt lake City, Utah 84108

put in your letter they are illegal and you are entitled to a refund for all amounts paid over the loan - demand that amount of money in your letter. They will settle up with you and you will get a refund. I did.

keep me posted and I can guide you.

GUest 5 thanks for that post....it's ones like that that keep me going! I'm hoping for that outcome with GFS, Eastside and Ameriloan!

actually they are supposedly legal for me which makes the whole matter even more hilarious!

LoinpointUSA is Illegal. They will give you a good fight, but stand your ground.

hmmm...interesting...I did find them in the Utah database, did I get something wrong? If so that would change my whole plan of attack.

There are two loinpoints. Loanpoint amd Loinpoint USA. Make sure you check the name.

If they are licensed in your state then you need to request a repayment plan.

okay, well my understanding was that loanpointusa is the same as Geneva Roth Ventures who is licensed in Utah. Crossing fingers, hoping I am wrong and that they are illegal!

I am pretty sure they are legal for me, but I will investigate more later. Which is why the whole thing is so funny. I DID request an alternate way to send in my money as my account is closed and they said the only form of payment they accept is thru ACH so that "I better go open up a new checking account" -in writing I have this!

Read THIS for more info on GRV and LoinpointUSA. You will find this interesting.

please remember if your state requires a PDL to be licensed within the state then that PDL must abide by your state laws. No matter where they are licensed.

However, there are some states that out of state lending and import their homestate laws an interest into your contract.

What state are you in?

Read the link, thanks. Exactly the position I am in although I have not paid them quite so much money, but I have overpaid. No resolution in the thread though which is what I find with the threads I have found that apply to my situation. Makes me wonder how it all turned out...

TN- exactly like the poster in the link you provided.

Well I had a similair situation with a lender licensed in Utah as well. They were not licensed to lend to VA residents and VA requires in state licensing. So I sent them all the information from my DFI and I was refunded over $300.

Needless to say it took time for all of this, but I stood my ground and in the end it was all worth it.

unfortunately TN is one of the loophole states and they don't have to be licensed here. I am more than willing to send in this little amount I owe them but if the only way they will accept it is thru an ACH on a checking account then I guess they are out of luck. Which thier behavior does strike me as odd if in fact they are licensed, because the other licensed ipdl's I have dealt with honored my ACH revoke, gave me a payment plan and an alternate way to pay.

I suggest you contact them ans propose a principal payoff balance.

I have... several times. Offered to pay the principal plus the interest that was due at the time I closed my checking account and revoked ACH(which was 1 week before I was past due) just asked for an alternate way to get it to them and they refused, said the only way they could accept payment was thru ACH. Well...that ain't happening...

I agree do not give them anymore bank info. You can offer to pay them through disposable visa/mastercard.

Others have dealt with loainpointUSA and have had the same troubles. Just continue to stick your ground. If they want their money they will have to settle eventually :wink:

go back to my post and send them a letter to that addres - it will work - I got a refund. GRC is illegal pretty much everywhere and they know it.

they are a/k/a as GRC (Geneva Roth Companies) send a letter to Attn: Manager 1338 South Foothill Drive Suite 325 SAlt Lake City, UT 84108

demand refund of any amount you paid over the amount you borrowed. they are illegal and not entitled to anything over what you borrowed. Give them a deadline to re-pay the money or you will proceed with court action - give them 2 days to put the money back in your account or overnight it you. They wil require you to sign a release