Help from Alabama

Date: Thu, 11/01/2012 - 21:26

Submitted by anonymous
on Thu, 11/01/2012 - 21:26

Posts: 202330 Credits: [Donate]

Total Replies: 4

I need help. In a bind I took out a loan with Great Plains. I've paid 2 of 12 payments. I've been doing some research and it looks like loan companies are supposed to be licensed in Alabama to operate. Trying to figure out what to do next. Am I legally bound by this contract? How do I address this with Great Plains? Any help would be greatly appreciated.

Great Plains is an illegal tribal lender. You owe only principal

Great Plains is an illegal tribal lender. You owe only principal, no fees or interest. What you need to do is send out copies of ACH revocation letters to your bank and to the lender. That would stop them from effectively debiting your account. After that, if you have anything left to pay towards the principal amount, ONLY use a prepaid debit card or a money order to pay them.

lrhall41

Submitted by Steve Barris on Thu, 11/01/2012 - 22:02

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So they can't come after me? I'm going to pay them off in Decemb

So they can't come after me? I'm going to pay them off in December but I don't wanna be harassed.

lrhall41

Submitted by anonymous on Fri, 11/02/2012 - 19:18

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Legally, they cannot do jack. The only way they can somewhat com

Legally, they cannot do jack. The only way they can somewhat come after you is by harassing you over the phone with phony threats about summons and criminal lawsuits.

lrhall41

Submitted by Steve Barris on Sun, 11/04/2012 - 20:08

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You may visit this link to know how to deal with illegal lenders

You may visit this link to know how to deal with illegal lenders:
http://www.debtconsolidationcare.com/forums/showthread.php?t=193251

lrhall41

Submitted by anonymous on Sun, 11/04/2012 - 23:01

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