Hello-
I live in Nebraska and have had a couple payday loans that I'm trying to end the cycle on. They are with the following:
Mobiloans
Plain Green Loans
Big Picture Loans
Ive paid more than the principal on all of these and I did file complaints with my state attorney who did say Nebraska State Usury rate is 16% and doing further research looks like I'm only responsible for the balance.
Mobiloans has refused to work with me or answer any complaints at all and say my account will be charged off after 60 days which is in a couple days.
Are any of these lenders actually able to sue me or send me to collections?
Thanks!
After I have these loans done I'll be out of this horrible cycle!!!
Not surprised at all because they did the same thing with me. They gave me the same threat. But don't worry about lawsuits because they can't sue you. They are illegal. Remember? Let them charge off your account. They can't report to the credit bureaus. So you'll be fine.
Sub: #1 posted on Thu, 07/12/2018 - 02:07
(Posts: 425 | Credits: )
You don't need to worry, just pay attention to pay off the principal amount you owe to them. Illegal lenders can't sue you for being default. Just wait for their next move and stay away from the payday loan trap.
Sub: #2 posted on Thu, 07/12/2018 - 05:33
(Posts: 467 | Credits: )
Sub: #3 posted on Thu, 07/12/2018 - 07:14
(Posts: 2 | Credits: )
Sub: #4 posted on Fri, 07/13/2018 - 04:43
(Posts: 1234 | Credits: )
opportunity to inform you that Nebraska law, including usury law, is inapplicable to the
Company and its operations. The Company is a 100% Tribally owned and operated entity,
registered and located on the Tribe’s reservation in Watersmeet, Michigan (the “Reservation”).
The Tribe is a federally recognized sovereign American Indian tribe.1
The Company is
responsibly and lawfully engaged in the consumer financial service industry operating within the
Tribe’s Reservation and jurisdictional boundaries. The Company was established and operates
in accordance with Tribal law for the economic benefit and self-sufficiency of the Tribe, its
government, and its membership.
Big Picture Loans sent me this as a reply......has anyone had experience with them?
Sub: #5 posted on Tue, 07/17/2018 - 16:37
Sub: #6 posted on Wed, 07/18/2018 - 05:55
(Posts: 387 | Credits: )
Sub: #7 posted on Wed, 07/18/2018 - 10:10
Sub: #8 posted on Thu, 07/19/2018 - 00:51
(Posts: 1234 | Credits: )
You don't need to worry at all. Tribal lenders are illegal as per the federal law, so how could an illegal entity can sue you or take legal actions against you :)
Just chill, no one's gonna take you anywhere.
Sub: #9 posted on Thu, 07/19/2018 - 07:10
(Posts: 432 | Credits: )
Sub: #10 posted on Thu, 07/19/2018 - 23:51
(Posts: 387 | Credits: )