I sent off an email to a company named Green Gate Services (tribal and not licensed in Ca.)
" To whom it may concern,
It has come to my attention that payday lenders must be licensed by the state of California in order to offer loans to its residents. Since your company has no license in my state, the loan contract I have with you is not valid. To date, I received a deposit of $250 on 11/01/2016 and have had 4 debits of $75 and one for $87.50. The $250 principal has been paid with an overpayment of $137.50.
At this time I am requesting a return email acknowledging that my loan has been paid in full. Also all phone calls to be STOPPED!
I am also revoking authorization for ACH withdrawals and any wage assignment I may have signed. I have given a copy of these revocations to both my bank and my employer. Any future attempts to collect funds in this manner will be blocked.
Please respond to this email with acknowledgment that my account has been satisfied in full. "
Within minutes I received this reply back
" Please keep in mind that Green Gate Services is a properly licensed tribal lending entity wholly owned by the Big Lagoon Rancheria, California, a sovereign nation located within the United State of America, operating within the Tribe’s Reservation and governed by the Tribe’s Regulatory Authority.
As stated in your loan agreement, upon your signature and acceptance of the Loan Agreement, you entered into a Loan Agreement with a Federally Recognized American Indian Tribe and as such, the laws of the state where you reside are not applicable to this loan agreement. Green Gate Services is a legal tribal lending entity offering installment loans to consumers and is not violating tribal or applicable federal laws. Therefore, you are obligated to perform to the terms you agreed to under the loan agreement.
Please refer to the Governing Law and special note portion of your contract for detailed information. Feel free to contact me should you have any questions. "
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.