american web loan

American Web Loan is a tribal lender and thus is illegal in all states. They are not licenced and try to hide behind Sovereign Nation status. What they do not tell you is that you have to be physically on the reservation when you sign the loan and when you default for the loan document to actually be enforceable. Their loan rates are so above any states usury laws and will lend in states where these loans are illegal period.

You are only morally responsible to pay back the principal you borrowed as deposited in your bank account, no fees or interest. Legally you owe the lender nothing.

Follow the steps in the sticky on this site entitled how to deal with illegal lenders. This will help you safeguard your bank account and pay check. Don't forget to let your employer and receptionist know that you are the victim of fraud and a scam so they don't take any phone calls from this company or any collection agencies they may try to sell the illegal debt to seriously.

I hear VA is pretty tough on illegal online loans. You should immediately have them reported to the AG, DFI and the FTC.