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Lendingbooth.com-and question on overpayment of principal?

Date: Thu, 05/02/2013 - 18:18

Submitted by ohboy
on Thu, 05/02/2013 - 18:18

Posts: 30 Credits: [Donate]

Total Replies: 14


As seems to be the norm around here, I am swimming in PDL debt. I have closed out my account and am promptly working on sending out ACH revocations, but I was curious about one of the lenders.

So far I have loans with:

Cashcall/WS
Great Plains Lending
Plain Green Loans
Lendingbooth.com
Ameriloan
Cashnetusa
500fastcash


From what I have gathered by looking on this site, it seems that Cashnetusa is the only "Legal" lender, but I havent heard anything about Lendingbooth.com. Does anyone know anything on this one?


Also, most of my loans have an overpaid principal. I found the form letter to send out to these lending companies, but I was curious if anyone ever recieves their money back, and how long does it typically take?


Do know that CashNet USA is legal, not sure about lendingbooth.com. Other posters on here have received refunds, depends on lenders some will refund, others will not. Not sure how long it takes before refunds are issued, again depends on the lenders


lrhall41

Submitted by bingonut on Thu, 05/02/2013 - 18:31

( Posts: 1428 | Credits: )


Lendingbooth is a tribal lender. The small print on their site states "LendingBooth.com is a lending entity wholly owned by the Guidiville Band of Pomo Indians of the Guidiville Indian Rancheria, a sovereign nation located within the United States of America. LendingBooth.com is a privately owned Native American company operating within the boundaries of the Guidiville Indian Rancheria in Mendocino County, CA." They are illegal everywhere


lrhall41

Submitted by Jasmine on Thu, 05/02/2013 - 19:14

( Posts: 83 | Credits: )


all are except cashnet are tribal in some way handle as such.glad you are top of it,but know cashcall will be a pain,but some states are putting the wood to them.


lrhall41

Submitted by paulmergel on Fri, 05/03/2013 - 05:24

( Posts: 15514 | Credits: )


They are Offshore - So NO!
Aboriginal GR Enterprises
P.O. Box 88491
418 Main Street
Vancouver, BC V6A 4A7



Treat the same way as others not licensed and legal to lend - What state are you in? Here is the link to help deal with them: http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html


lrhall41

Submitted by HelpinAZ on Fri, 05/03/2013 - 08:16

( Posts: 1870 | Credits: )


I am in Illinois. I recieved a prompt response from signmyloan.net. I had a 520 loan with them, paying 121 per month since january. I sent the form ACH revocation, and told them I would pay off the remaining principal in 2 payments of 79 dollars and they accepted! Small victory for me, it seems?


lrhall41

Submitted by ohboy on Fri, 05/03/2013 - 08:24

( Posts: 30 | Credits: )


how many 121.00 debits were taken?if four then you only owe 36.00.were three 121.00 debits taken?that sounds like it.now you pay them with money orders and when you can.don't let them dictate a thing.you are in control.


lrhall41

Submitted by paulmergel on Fri, 05/03/2013 - 09:10

( Posts: 15514 | Credits: )


february, march, and april were taken in the amounts of 121. closed my bank account before the may payment could come through. :)


lrhall41

Submitted by ohboy on Fri, 05/03/2013 - 09:13

( Posts: 30 | Credits: )


Great News on signmyloan.net - remember to pay by money order CMRRR or prepaid card with only the amount you want them to take. I am showing $157.00 balance so $78.50 each payment.


lrhall41

Submitted by HelpinAZ on Fri, 05/03/2013 - 09:30

( Posts: 1870 | Credits: )


thank you! now if only the others would respond as quickly as they did... since finding this site and realizing there IS a way out of PDL hell, you have given me hope that this will not ruin me as much as the sleepless nights led me to believe!

also, most of my loans owe me an overpayment. :( im sure i wont ever see those, but has anyone gotten any with success?


lrhall41

Submitted by ohboy on Fri, 05/03/2013 - 09:35

( Posts: 30 | Credits: )


quick update: looks like signmyloan.net, the original loan amount was 400 (with a 120 fee) so that makes my remainder to pay off the principal $37! They accepted that as a payment term and will consider my account PIF once they receieve the money order. happy!


lrhall41

Submitted by ohboy on Fri, 05/03/2013 - 12:24

( Posts: 30 | Credits: )


You are welcome. There are othere here that have received refunds, myself included. It depends on the lenders, some will and some won't.


lrhall41

Submitted by bingonut on Fri, 05/03/2013 - 12:25

( Posts: 1428 | Credits: )


cashnetusa (the only 'legal' one among the bunch) responded to my ACH revocation, and said if I pay 315 by 5/22, they will consider my account paid in full. pretty glad for that one, it was a 300 loan taken out in april so i havent made a payment yet.

still havent heard from any of the others though... i am way too impatient!


lrhall41

Submitted by ohboy on Fri, 05/03/2013 - 12:52

( Posts: 30 | Credits: )