Need Payday / Installment Loan Advice

1. Great Plains Lending ILLEGAL
Amount Borrowed: $600.00
Payments made as of 09/30/12: $376.11

2. Plain Green Loans ILLEGAL
Amount Borrowed: $1,200.00
Payments made as of 09/30/12: $688.70

3. Shoreline Online ILLEGAL TRIBAL....YOU HAVE OVERPAID
Amount Borrowed: $300.00
Payments made: $810.00

4. Spot Loan
Amount Borrowed: $500.00
Payments made: $73.48 (to be paid every two weeks)
Is this one legal? NOPE....ILLEGAL TRIBAL LOAN

5. Check n Go (online) - $594.22 defaulted LEGAL

6. Speedy Cash (online) - $631.36 defaulted LEGAL

7. USA Web Cash PRETTY SURE LEGAL

For your illegal loans you need to follow the link in my signature line for information on how to deal with them. Pay them back at your convenience and by money order only. Work on paying back your legal loans first..,.that and cleaning up your bank accountl
Amount Borrowed: $300.00
Payments made: $92.70 ($30.90 every week)

Thank you so much for the response, SOAPLADY!


I just calculated the loan I had with Great Plains Lending for the period of 3/22/12 thru 7/3/12 for $200.00 and I overpaid them $211.57. In my letter, should I request that they take that overpayment and apply it to the principal of this loan? This would then make me morally obligated to pay about $12.32.

Quote:

Okay, I emailed my letters to both Plain Green Loans and Great Plains Lending. I hope it goes well. I'm really nervous about sending letter to Shoreline. Has anyone had any dealings with them - did they send you a refund and mark your account paid in full?

I sent my email to Plain Green Loans, but they haven't responded. When I log into my account, this message shows up. What does it mean and what are my next steps? Same message from Great Plains Lending. Should I just submit money orders certified mail and call it a day?

Your PlainGreenLoans account is currently flagged as having an invalid bank account number. Without a valid bank account number, we are unable to electronically process your payments or refinance.

Please contact Account Services toll free at (866) 614-7103 to update your bank information and have this flag removed or to make other payment arrangements.

Once we have updated your PlainGreenLoans account information you can return here and process a payment.

Also, Shoreline sent me a snarky response. They said they marked my account paid in full but they will not give me refund. I overpaid by $510. I want my money! That $510 can help me pay off Check n Go.

Spotloan is not cooperating, what do I do next? They sent me this email response:

We recently received your email questioning the legality of loaning in your state, revoking your prior ACH authorization and refusing to pay your installment loan like you promised to do when you agreed to the terms of the loan agreement. I would like to take a moment to address your concerns.

Spotloan is owned and governed by the Turtle Mountain Band of Chippewa Indians, a federally recognized Indian Tribe. As a tribal entity, we comply with applicable Tribal lending laws and federal laws that do not conflict with our Tribe???s sovereignty. Spotloan is not, however, required to obtain state lending licenses. When you took out the loan, you agreed in the terms of the loan agreement that the loan would be governed by applicable federal and Tribal law (not state law) and you continue to be obligated to repay your loan as you promised.

Spotloan has thoroughly researched this area and there is no federal law that requires a tribal lending authority to be licensed in the state of Texas. Spotloan is not a payday lender.

On August 23, 2012, you received $500 in your bank account from Spotloan in exchange for your promise to repay that amount plus interest over your chosen loan term of 8 months. When you took out the loan, you received and agreed to the complete terms and conditions of the loan, including a payment schedule and breakdown of principal and interest. You also authorized us to auto-debit your account for your scheduled payments.

We understand that you have revoked your consent to ACH withdrawals and you are absolutely permitted to do this. We have noted your revocation of consent in your file and we will not attempt to auto-debit your account again. You are, however, still obligated to repay your loan according to the loan terms. This means you are legally obligated to repay both principal and interest.

Since you have opted to no longer permit ACH withdrawals, you may make your payments using a credit or debit card, a prepaid debit card, or by mailing us a money order. To make a credit, debit or pre-paid card payment, please call Julie B at 888-681-6811. To make a payment by money order, please mail it to:


Spotloan

P.O. Box 720

Belcourt, ND 58316.

We expect you to live up to your promise to repay your loan as agreed. Please contact your account manager, (removed name) at (removed phone number) or by e-mail at (removed email) to resolve this account balance and pay back the loan because when you miss a payment, interest continues to accrue and the loan balance gets bigger (which is not in your best interests - or ours!).

Spotloan is committed to offering financial transparency and helping hard working Americans meet their financial obligations. We would like to resolve this issue and are willing to work with you. Please contact (removed name) today to get your loan back on track.

Dear Spot Loan,

I am not screwing around with you debating this over email. Take the payments to return the principal or stick it.

Your friend,