Help!!

Hydra is an offshore illegal lender. No need to believe any of the BS they are trying to peddle. Did you send a copy of the ACH revocation letters to your bank? Revoking ACH successfully would entirely prevent them from hitting your account.

You can put the account in the deposit only status. Hydra is lying.

I am assuming PDLs are illegal in your state. Once you send ACH revocation to the lender(s) by fax or email. Keep all receipts even if the lender(s) does not reply to you or even acknowledges your request. Notify your bank by certified mail, tell them you revoked ACH for the following lender(s) and give them the list. In my experience it doesn't hurt to fax PDLs several times to show that you made multiple attempts to contact them. Keep FAX receipts that show your fax went through. If you notify PDLs AND your bank at least 3 days before next ACH debit then you're protected under FDIC regulations, however PDLs may still debit your account. They may skip a paydate like MyCashNow did to me and then try again. If they do an ACH, once it clears, immediately file a complaint with your bank for unauthorized ACH since you have all the documentation and you did everything per FDIC regulations then wait for your refund. MyCashNow initiated 3 ACH on my account after I had revoked ACH, I got reimbursed with no issues and they haven't touched my account ever since. A good strategy is to schedule your bills between pay dates so if unauthorized ACH come through around payday you have time to get refund and avoid having your account overdrawn.

Dear ####

Your correspondence has been directed to me for review and I thank you for the opportunity to assist you at this time in connection with your Mobiloans Line of Credit Account (“Account”).

We understand that all situations are different and would like to offer you the opportunity to pay the remaining principal due on your Account in the amount of $319.00. We propose the following payment plan to coincide with your pay periods as indicated on your Mobiloans application:

06/21/2013 $106.33
07/05/2013 $106.33
07/19/2013 $106.33

To answer your questions regarding the legality of this loan, your Account Agreement indicates that your Account is governed by the laws of the Tunica-Biloxi Tribe of Louisiana, (the “Tribe”) a sovereign nation recognized by the United States of America. As such, the laws of the Tribe permit Mobiloans to offer the Account in accordance with Tribal law.

In addition, Mobiloans, LLC (“Mobiloans”) is organized under the laws of the Tribe, is owned and operated by the Tribe, and operates exclusively on land owned by the Tribe. As such, Mobiloans is an “arm of the Tribe,” and entitled to sovereign immunity and therefore not subject to any state laws.

In any event, pursuant to your request, we have removed your contact numbers from our system and we will make no further ACH debits from your account.

Please reply to this email if you accept this offer to settle your Account and we can set up a payment plan.


Thank You,

Mobiloans Account Service Team


I wish all PDLs were like Mobiloans, the story about the reservation and the tribe is BS and they know it! that's why they can't do anything but settle. I have yet to pay them by the way. They can't do anything about it either, they can't collect on illegal loans, can't report to credit bureau either for the same reason.

do you owe 319.00?also you pay the illegal lender on your schedule not theirs.glad you didn't give so easily.