Spotloan - CA

Spot Loan is an illegal tribal lender all over the state of US. You owe them nothing more than the borrowed amount. No interest, no fees. Simply close down your old bank account and open a new one to stop debiting money from your account. Don’t share any personal information with them.

Thank you. That has been done. It has now been sold to collections (nationwide) and I am debating on how to handle: agree to plan with collections co for original amount borrowed or C and D them including illegal loan status and see if they go away. ??

Go through this page to know more about how to deal with illegal lenders:
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html

c&d them certified mail return receipt(as you cannot c&d over the phone)then if they don't go away you sue them.simple never eh eh ever pay a bottomfeeder on an illegal loan as they will want the overinflated balance.not what you truly owe being the principle minus any debits taken.

They have my Spotloan account as well. called offering to settle for no less than $840. I only owe $262 on principal. The would not accept my offer. I received collection letter today. Any advice?

Mail a C&D to both Spotloan & the CA in the way that paul described, file a complaint through the state AG and the Federal Trade Commission about this Collection agency, as well as Spotloan themselves, then wait. If either of them violate the C&D you are at an advantage to sue, that would be very stupid of them to do

Keep documentation on EVERYTHING, especially how you have made an effort to pay back the principal so far, and even offered to continue doing so (and that they declined). This way if you ever do need to sue from them not leaving you alone, you are well equipped to prove that 1.) you made an effort to pay off the principal, and 2.) that they violated your C&Ds. This way they are in no viable position to counter sue you for "defrauding" them, which is the only position that they could even possibly sue you for as they are lending to you ILLEGALY, making the debt they attempt to collect on an ILLEGAL debt

I would also contact the State Dept of Corporations which is where you need to go to file a complaint against these people in California. Send the paperwork to them in Sacramento (Can't do it online, sorry) and you will get a response from them, I would make copies of all your documentation for the Dept of Corporations to go after them. They can also ban them from doing business in California.