little loan shoppe

Hi Jess; what type of information are you looking for? They are a PDL company. They have several different addresses listed with the BBB, although the BBB doesn't indicate whether they are an online or storefront lender. Tell us a little bit more about what you need to know so we can help.

I am wondering if any one has dealt with this company before. has anyone every sent them a settlement letter.

Nelson, Dee
1801 W Broadway
Suite 201
Spokane, WA 99201
us
+1.5093288600 Fax: +1.5092321108

Several red flags have been sighted in the past 12-18 months indicating the company is in trouble. Now with the credit crunch, ppl defaulting on loans of any kind and the fact that the company has not paid out investors only amplifies an already volatile situation...

My husband and I are dealing with Little Loan Shop right now. My husband had a payday loan with them. We ended up having to close our account because we had so many illegal PDLs taking money each week. We have paid 9 payments of $90 each ($810) on a $300 loan. We are in Ohio and that far exceeds any limits allowed. We sent them a C&D letter requesting a PIF letter and a refund for the overpayment. We received a response from them that we did not have payday loan but an installment loan. Nothing we had ever said installment loan. In fact, we still had the original email where we were approved, and it states it is a payday loan. We replied by email to them and copied their own email back to them. Now we're waiting to here the next excuse of why our account shouldn't be marked paid in full.

Hello all, I am moving this to the payday loan section so it will receive more attention. :)

Where do you find out if one of these companies is in trouble. My friend is thinking of investing in Little Loan Shop, you had mentioned that they are not paying out investors.

Can you please get in contact with me regarding about the investors not getting paid . Also if you 2 have a email or contact info .. I would like to get in touch about this .

thanks Joe

Run do not walk! 8)

Right now those in the know are a little apprehensive about discussing their investment matters with strangers. It may have to do with the BC securities commission getting involved, because online forums are fair game for investigation.
However if you wish to contact some-one try llsinvestors.com
it just popped up 2-3 weeks ago.

A collection of individuals that are involved should consider off forum discussion

I dealt with Little Loan Shoppe. Not as an investor, but I received a loan from them. My experience?...difficult to deal with. I shouldn't have gotten it in the first place. But..I guess we live and learn..right?

Investors should check out LLSInvestors.com forum, sign up, get in touch with others. We need to unite to get some answers

Went to llsinvestors.com and signed up but there is nothing there????

Does anyone know the financial status of little loan shoppe in Spokane/Broadwayave?Arethey in chapter 11?

Hi,
Has anyone had any luck in finding out any more info on Investors with the Little Loan Shoppe (Spokane)?

I have personally been involved with LLS since 2000. I have met with the president, Dee Nelson several times. This past visit was a "surprise" as on August 07 I just flew in and showed up at her door after 12 months of no call backs and no replies to emails. What I found was horrifying. I can tell you here first hand, if you are in, get out what you can now. If you are not in yet, stay away. There are legal issues here you do not want to know about and the president is preparing to take care of herself financially right now in case Chapter 11 comes sooner rather than later. The company is disorganized and badly mismanaged. Add to this a Ponzi scheme with new investor money which is being used to pay existing investors "some" money back plus paying over the legal limit and changing figures in the "books". Yes, I have documentation and first hand exposure to this all. This is a very serious matter.

so they are having problems?GOOOOOOOOD!!!!!!! :twisted: :twisted:

Investor2000...did I read your message right? Did you meet with them in 2007? And this is still going on? (Or did you meet with them in 2008?)

Wow!

Yes, you read it right. I was there in 2008 and know of someone personally who was there in 2007 when the initial red flags started popping up. 6 weeks after I left half the staff was let go. As to your question, "And this is still going on", of course. Look at how many years Madoff got away with it until he could not pay out anymore. With the LLS, as long as foolish "new" investors continue giving her money and she is able to pay out "some" money to existing investors everyone keeps quiet as no one wants to stir anything up which might sever payments altogether. Fear sets in for existing investors. Greed is what motivates new investors who are hoping for the same returns existing investors have or had been receiving. This can go on indefinitely until some bold individuals finally stop investing. Evil prospers when good people say and do nothing.

Investor2000, would you please contact me......I have some things I would like to discuss with you about Little Loan Shoppe.... ....Thanks

Janet So

Staff Attorney

WA Securities Division

(360) 902-8771 (Direct line)

Interested in talking with Investors with Little Loan Shoppe.

This is for guest signed in as Yahweh.....can you please send me an email...I'll share what I know...... [email]gordonh1@netzero.net[/email]

Use to work for them.... STAY AWAY!!!! ask them where they are and they will tell you utah or somewhere else besides spokane... do not get stuck in this!

Would like to collaborate with past/current tlls investors on how to proceed from here.

Please email me at: [email]robolson69@hotmail.com[/email]

Thank you

It seems to me the investors have two choices:
1-Sue the company and get 10% of what you invested back, or
2-Allow the company to run, and get 10% (or more?) a year.

I'm thinking the company was probably profitable at one point, so I guess the logic is it still is, or why woundn't they just shut the doors? It looks like the best course of action is to let it run and pay out what it can. As hard as that is to hear, and do.

Just my opinion.

Hi Joe,
Did you invest with LLS and if so was it in the states or in Canada

So where are LLS located? Where is there office. Whats the address.

I dealt with them once--had a loan. They were actually the easiest of my payday lenders to deal with at the time. I sent a C&D letter, and that was it--no more taken money out of my account. But like most of these crooks, people have different experiences.

I'm in agreement with April 12, 2009. It's so very frustrating, but I do happen to know that they have hired an external accounting firm to do an indepth audit of investors since the beginning of the company. Because it was so badly managed, and the economic state of the world, the company was almost driven into the ground. Some 'investors' were paid out WAY MORE than agreed upon. It is my impression that payments (may only be 10-20%) will resume as early as Jan 2010. I may be naive, but I'm more inclined to hang in there to see if I can at least get back my principal.

Little loan shoppe is in the process of filing bankruptcy. Per one of her accountants the paperwork has already been filed. For at least a couple years now Dee has been using investor money simply to fund new business ventures under her son's and husband's names. She realized that she would never be able to pay back her investors so she simply used the "free money" to start new businesses then file for bankruptcy. I believe she's moved back to Canada, which is her country of citizenship.

Tha lawyer handling Dee Nelson alias
Dee Foster affairs is :Angel (Bacho) Vega, Esq
He also is her adviser for the last 1 1/2 years
and started up most of the 26 companies to my recollection to avoid State Laws,
Angel (Bacho) Vega, Esq.
DODGE & VEGA, PLC
Main Office (Mesa)
4824 E. Baseline Rd., Suite 124
Mesa, Arizona 85206
Phoenix Office
2415 E. Camelback Rd., Suite 700
Phoenix, Arizona 85016
Chandler Office
1820 E. Ray Road
Chandler, Arizona 85225
Tel.: (480) 656-8333
Fax: (480) 656-8334

Personal information on the Dee Foster/Nelson
gang, including all family members will be posted on request.

I don't think she has returned to Canada, to many investors are waiting for her, she opened up 6 companies in BC as well as many different bank accounts where she wrote cheques on for the interest for the investors but before they could cash the cheques she closed the accounts, as per my recollection she has connections to the banks in the Bahamas and Cayman Island where she takes holidays frequently she offered some of the investors the connections, her Son had his honeymoon on one of the island, now you know where you need to look for your investments

Re "April 12, 2009" she printed so many different personal guarantees on the loans that it will be very difficult to straighten out the mess she left behind for her Son Chris and her daughter Amanda, she also asked some of the investors to dispose of the original promissory notes, which they never did dispose of, She promised to replace the older notes with newer notes to make her dealings with the investors more legal during the time she was investigated by the Vancouver Security commissionaire, unfortunate the security commissioner was or is not familiar with the other 5 companies and she was only investigated for the most resent company, some of the investors where instructed by Dee what to say to the commissionaire, paperwork and E mail's in this regard is available, the investors where told by her over the phone if they do not comply she would declare chapter 11

On July 10th, 2009 involuntary
bankruptcy under Chapter 11 was filed against The Little Loan Shoppe, in States Bankruptcy Court, Eastern District of Washington. The case
name is LLS-A, L.L.C. The case number is 09-03910-11.

Thanks for confirming what I stated would be coming within 12 months of my last visit to the LLS office in August 2008.

Personal info on Dee Nelson gang will be posted on request.

Please do so ASAP.

Thanks

All,
I have worked with LLS and have some additional information you may be interested in.

There is a story on the Spokesman Review

spokesman.com/stories/2009/jul/23/loan-shop-files-for-bankruptcy

Can anyone say Ponzi scheme.

Since Little Loan Shoppe has filed for bankruptcy, does anyone know how this affects people that have taken out loans with them? I recently received an e-mail from BBB, months after they closed the claim as unresolved, that LLS is still claiming they provided an installment loan and that I still owe them. Any thoughts/idea about how I should respond? Thanks.

[color=Red]post removed as per TOS - Jason[/color]

Quote:

Just for your info, there are rumors she is on vecation
somewhere in Europe / perhaps hiding -:)

A complete S.A. about Dee her former husbands and children with different names starting from the early days
in British Columbia will be available in a couple of days
so stand by -:) as well as her new husband previous occupation

New case Number for the Little Loanshoppe
LLS America, LLC which was filed in Court District of Nevada
Case Number 09-23021-lbr, meeting of Chapter 11 Bankruptcy Case
will be August 27th 09/300 Las Vegas Blvd, Las Vegas NV 89101, South Room1500, phone 702-388-6257

Your best bet for information on what's happening now financially with the company would be Marie Okamoto. She took over when Clay left.

Investors are suing

A good deal of investor money was funneled to affiliates that provided "services" to LLS at inflated fees. LLS basically funded these businesses to a point where they were profitable, then LLS files for bankruptcy. One of these affiliates, GlobalEdge Marketing, owned by her son has relocated and is trying desperately to sever all connections to LLS. They have re-branded themselves as Adworkz.com and relocated to downtown Spokane. Visit adworkz.com for more info, or globaledge-marketing.com and be redirected.

Or until Dee is finally stopped.

You have to be a member.

Money laundering is the practice of disguising illegally obtained funds so that they seem legal. It is a crime in many jurisdictions with varying definitions. It is a key operation of the underground economy.

In US law it is the practice of engaging in financial transactions to conceal the identity, source, or destination of illegally gained money. In UK law the common law definition is wider. The act is defined as taking any action with property of any form which is either wholly or in part the proceeds of a crime that will disguise the fact that that property is the proceeds of a crime or obscure the beneficial ownership of said property.

In the past, the term "money laundering" was applied only to financial transactions related to organized crime. Today its definition is often expanded by government and international regulators such as the US Office of the Comptroller of the Currency to mean any financial transaction which generates an asset or a value as the result of an illegal act, which may involve actions such as tax evasion or false accounting. In the UK, it does not even need to involve money, but any economic good. Courts involve money laundering committed by private individuals, drug dealers, businesses, corrupt officials, members of criminal organizations such as the Mafia, and even states.

As financial crime has become more complex, and "Financial Intelligence" (FININT) has become more recognized in combating international crime and terrorism, money laundering has become more prominent in political, economic, and legal debate. Money laundering is ipso facto illegal; the acts generating the money almost always are themselves criminal in some way (for if not, the money would not need to be laundered).

Money laundering might be a way to get information on all of the companies investor money was transferred into along with the companies that were developed for her son and husband and whomever else she might have involved. The threat to shut down or bankrupt one company so that investors can't get paid back when those funds were transferred into other accounts that Dee held to hide funds might just fall under "tax evasion" or "false accounting.