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I took out a Spotloan back in January for $800. I have paid $1638 and some cents already. They want me to settle for $370 which would make it $2008. I have thought about suing them in small claims court for the overage because I don't think this loan is legal in Ohio. I cannot find a license. They claim to be bound by Turtle Creek Tribe law. I asked the person calling me if they were an Indian. She said no. Their mailing address is Palatine, Illinois. I asked if there was an Indian reservation in Illinois. She said no, that the main office was in North Dakota and that was only a mailing address. Where can I find out more info about the legality of these tribal loans? Has anyone successfully sued them? I can find court cases from Colorado, California and Washington, but nothing about Ohio. Thanks.

You are correct. You have overpaid and the loan is not legal. Next time you get a call, threaten to file a complaint with the State Attorney General. Follow these steps stated here.

Sub: #1 posted on Wed, 07/05/2017 - 21:43

(Posts: 3937 | Credits: )

You can also file a complaint against with them with the BBB (Better Business Bureau), or with the FTC (Federal Trade Commission).

Sub: #2 posted on Thu, 07/06/2017 - 02:02

sanderspatricia29 sanderspatricia29

(Posts: 1189 | Credits: )

I fully agree with SC, if you want to know whether a payday lender is licensed to do business in your state, verify the information with your state regulator or attorney general.

Sub: #3 posted on Thu, 07/06/2017 - 07:20

Barbara Delinsky Barbara Delinsky

(Posts: 432 | Credits: )

Keep reminding them that you have paid more than double the principal. Be strong and demand a paid in full letter. Good luck!

Sub: #4 posted on Mon, 07/10/2017 - 21:05

Michael Puttman Michael Puttman

(Posts: 10 | Credits: )

I must say I'm amazed at the ignorance of these organizations that are supposed to be protecting us. I filed a complaint with the Consumer Financial Protection Bureau. The complaint response came back from Spotloan spewing the same tribal nonsense and included a flat out falsehood that I had agreed to a settlement on June 5 and that I had missed a payment on June 28. This was on July 10. The CFPB closed my complaint and marked it as company acted according to contract. I called them and told them about the settlement lie and they told me, "Well if you did make the June 28 payment and you have proof, you can file another complaint." Duh what part of this was a lie don't you understand. They need to prove I entered into a settlement I thought the CFPB was supposed to be fighting against this rent-a-tribe nonsense. Apparently they're taking the company's stance against the consumer. What a waste of time. I thought they were the CONSUMER Financial Protection Bureau.

Sub: #5 posted on Mon, 07/17/2017 - 19:16

Paige Paige

(Posts: 5 | Credits: )

This is showing up with the wrong user name. I'm the OP, Paige.

Sub: #6 posted on Mon, 07/17/2017 - 19:24

Paige Paige

(Posts: 5 | Credits: )

Even I'm amazed to know this.

Sub: #7 posted on Mon, 07/17/2017 - 20:44

(Posts: 3937 | Credits: )

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