logo

Debtconsolidationcare.com - the USA consumer forum

Got First Response from My Next Paycheck

Date: Fri, 02/25/2011 - 08:40

Submitted by JK2653
on Fri, 02/25/2011 - 08:40

Posts: 90 Credits: [Donate]

Total Replies: 6


"[COLOR=navy]You entered into an agreement with a Tribal entity. It is clearly detailed on the loan document and in our privacy policy. The terms of the agreement have sovereign immunity to your state’s regulations. If you wish to settle this debt you may do so for a reduced fee under your current balance of $455[/COLOR]
[COLOR=navy]Mike"[/COLOR]
[COLOR=navy][FONT=Arial][/FONT][/COLOR]
[COLOR=navy]What the heck is a "Tribal entity"? FYI, I took out a $350 loan, they have debited $420 from my account to date. He wants me to pay $875 for a $350 loan?? Can anyone help? What do I do now??[/COLOR]


[COLOR=navy]"You missed the point???you are not required to be a member. We are a tribal entity and are governed only by our tribal law. We are not governed by state law. The loan documents are valid and legal and are governed solely by tribal law. You signed an agreement for this product under our jurisdiction. It???s a binding contract and will be aggressively upheld. "[/COLOR]
[COLOR=navy][FONT=Arial][/FONT][/COLOR]
[COLOR=navy]Should I just agree to the $455 and ask that I pay it in 2-3 installments via money order to their address???[/COLOR]


lrhall41

Submitted by JK2653 on Fri, 02/25/2011 - 12:01

( Posts: 90 | Credits: )


The point is, they can not sue you in our court of law unless they forgo their tribal laws, now, if they forgo their tribal laws to sue you that means they have violated the usury laws.

All that you owe them is the amount you borrowed, less any payments you have already made. In my opinion, they would meet my terms or receive nothing at all. I wouldn't negotiate with an illegal lender, all it does is encourage them to continue scamming people and break the law.

Do what you are comfortable doing, my opinion is stated above,


lrhall41

Submitted by Shazzers on Fri, 02/25/2011 - 13:27

( Posts: 17344 | Credits: )


you have overpaid,and this idiot will do nothing but make threats he can't act on.you should push for a refund not pay this slime.her's my stance.pay them but i don't want to see you again as this place once you revoke any wage assignments can do nothing.why pay 455.00 more when at least this place got their money.i too had two 'TRIBAL LOANS"my AG handled it eventually and i got threatened and emailed as well.i even said SUE ME GO AHEAD AND SUE ME as i'm not paying on a loan i overpaid.you what i got?more threats and stupidity.the can do nothing they threaten.do not pay them period the end.they are not legal.what are they gonna do?extradite you to tribal ground?hardly.it really does rankle me when people give in to trash like this.don't do it.


lrhall41

Submitted by paulmergel on Fri, 02/25/2011 - 13:57

( Posts: 15514 | Credits: )


I have a defaulted loan with company as well, and have sent my ach revocation and requested that they owe me a refund. I do not get a response from them except that I have ignored their calls and they "could report me to a credit agency". I just email them the letter I sent originally and they should be courtesy and professional and respond to my email. They never do.


lrhall41

Submitted by floridagirl on Sat, 02/26/2011 - 06:52

( Posts: 40 | Credits: )