Sandpoint Capital - Are they licensed in all states?

Hi there katrinamaere and welcome to the forum. I found these here, at the forum, not sure if this is about Sandpoint Capital ir if it's at all valid or not, but you could try.

Fax 817-335-1100
Ph: 800-708-4342
You might also try looking at your bank statement.

I have read here that Sandpoint Capital may be located overseas, which would require International calling. Does anyone here know if that's true or not?

I too got a loan from Sandpoint Capital that I am tring to pay back. The number listed on my bank statement is disconnected. I sent an message to my back to provide the correct contact information for Sandpoint Capital. Maybe they can find the correct information. I try calling the number, but not help...

Did either of you try the number I posted? Just curious what the results were.

I also had a loan from Sandpoint Capital llc for $300, after the 1st payment of $90 I sent them a fax and told them to deduct my full amount. However after 3 more deduction of $90 I had to close my checking account. Today I received a call from a collection company! They told me if I did not go wire $800 right now the police would be at my work at 2:00 to get me. The guy on the phone continued to tell me that I was going to jail, I would never see my children again, I would never be able to get a good job and I could possibly DIE in jail!!!

I hope you did not believe him. He broke every law in the book by speaking to you that way. No one goes to jail for not paying a pay day loan.Also no one alerts you to the fact that the police are coming to arrest you. What a jerk. This is not going to happen.

I wish I would have recorded the phone conversation between me and Sandpoint Capital. It would blow your mind. When I tried to ask some questions he told me to shut up! How do I clear this up? I spoke with someone to try and clear this up and they told me the only person I could contact was that collection agency. Also, I live in Alabama, is is against the law to roll over the loan more than once?

You will find the Payday loan laws for Alabama here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

i would check your state laws when it comes to recording calls with PDLs like Sandpoint Capital. that is something to look into.as kash said no one should be talked to like that,but find out your state laws first.you may have to inform the person on the other end before recording.

scumbags....their address is:

po box 636
edith solomon buliding
charleston,
nevis, west indies
(no postal code)
their correct number is: 800-708-4342....

good luck to all an don't ever....EVER take a payday loan from Sandpoint Capital....

regards-

"adam@progressiverelief.com"

hi i just called that number and a lady answered it called "clearwater bay marketing"

I called the number and spoke with them.(800-708-4342) the deal is, even though you make direct depost payments it does not pay your loan. Untill you pay your complete loan off, they charge a hefty waiver fee every 2 weeks. I am not sure this is legal, does anyone know?

This is there address I got a loan from them as well. I think they are rip offs as well. How can you give a loan in the US and be in the Indies. Plus they are not allowed to be talking to you that way. You should contact sandpoint capital payday loan company straight away
Sandpoint Capital

Edith Solomon Building

P.O. Box 636

Charleston, Nevis, West Indies

[quote=andrea530]I called the number and spoke with them.(800-708-4342) the deal is, even though you make direct depost payments it does not pay your loan. Untill you pay your complete loan off, they charge a hefty waiver fee every 2 weeks. I am not sure this is legal, does anyone know?[/quote]

It sounds fishy to me. Kinda like a rollover in disguise. I'd bet it's illegal.

the phone is 800-708-4342
the fax is 800-708-4351
the customer svc company is clearwater bay marketing, and their lender is sandpoint capital. also, once your account is in collections, the company no longer owns it..it goes to a collections agency called icollect. they don't call you, then send you an email and you have to contact them. no one from any of these companies called you and threatened you, because they can't. as for the payments, they take a finance charge out on each due date until you pay down or pay off the loan. read their documents carefully and listen to them. know what you are getting into or DON'T TAKE OUT A PAYDAY LOAN!!!!

i agree with the last part and like the info in the first part.the rest of your post you can keep.

I took out a payday loan with them for $300 and they alread took out the $90 finance charge. I tried calling the same day offering to pay them $300 and they refused. They told me I had to wait another 2 weeks and then pay them $390? Are you kidding me? They are refusing my money.

I took out a payday loan with them for $300 and they alread took out the $90 finance charge. I tried calling the same day offering to pay them $300 and they refused. They told me I had to wait another 2 weeks and then pay them $390? Are you kidding me? They are refusing my money.

Block their ACH at the bank or close your account.

They will take the $90 forever and keep giving you the run around about paying the entire thing off.

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ok so now what? how do you pay them what you borrowed?

clearwater bay marketing is the company in charge of all of sandpoint capitals affairs, i have a loan with them and all you have to do is call this 1-800-708-4342 and ask for kristen, she will probably answer, just explain your issue to her and see where to go from there. they always only take out the finance fee, unless you call them and request to pay off the entire loan. counting on faxes is actually pretty irresponsible since they dont always make it through. or make it to the correct person.
anyhow good luck( and the # works i just called it and spoke to her myself). this is also what you do if you would like to take out another loan after you have paid it off.

please shill.we all think this out of the country pdl group should be shutdown.we are not interested in your cheerleading for them,or getting anything but refunds from them.

The guy stated they have no website to look up the company is this company legit??

This company is a joke!! We got a 300 loan and were told they would take 90 every two weeks until it was paid off and there was a one time 90 finance charge. Well as of today they have taken a total of 540 out of our account, and when we called them to ask why he informed me that the 90 every two weeks does not pay your loan but is the constant finance charge. So they will continue to take out 90 every two weeks until we make a 300 payment.. I'm calling the better business bureau and a few other places and changing my account. This place is a JOKE!!!!

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I also had a loan with Sandpoint Capital. I faxed the template letter that I got from this site and formatted it to suite my needs and state laws. I also typed up a letter and faxed that as well. I had one loan with them and paid it off but I overpaid them $180. I didnt realize I was being overcharged at that time. I didnt know it was illegal. I took a second loan out with them for $250. After having to close out my account due to fraud by a third party I contacted them. They were not helpful at all and demanded way more than I owed. That is how I stumbled upon this site. I then realized what jerks these people are and demanded that the money I overpaid on my first loan be put towards my new loan and my balance would be $70. With in two hours after faxing my letters I received my first response from them. I had to send a couple other emails back to them showing them I wasnt going to back down since I knew they were illegal and I finally just received an email saying they accept the terms and will accept $70 as PIF. Just be persistent. They know they are illegal and do not have a leg to stand on.

so how many times do they debit your account until they pay it in full? Is it paid in full on the fifth debit??

So how many times do they debit your account, or do you have to call and tell them that you want it paid in full. I saw some companies will pay it down in $50, do they do that?

I too got caught in the trap of this company. $300 plus $90. Went to iCollect then to these jerks. GCCS. The people there threaten a civil suit. Is that even possible? I live in California and they are located in NY? The Sanpoint Capitol LLC is actually located in Schaumburg, IL. Not sure if this is the same company or not. Found it when I did a Google search.
I tried to settle for the original amount of $390. Please help. I am not giving anyone a penny until I know what is going on. I called the Consumer Regulations in California and found they are not even licensed in California. So agian I am not paying them one cent. How do they even get away with this kind of action?
Please assit if you can.
Global Check & Credit Services
1800 Elmwood AvenueBuffalo, NY 14207Phone: 716.828.8900
Fax: 716.8762370
Toll Free: 800.859.8704
www.gccsllc.com

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My sister had a loan with them and settled for principal only with a prepaid visa card. that said if i owed them less than the principal i would demand a physical address to send a money order to. illegal lenders cannot take legal action and this can be paid on your terms (that is of course if you have not paid the principal yet, if you have than you are done).

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Thank you Jason Makris for sticking around and helping others.

i agree, thanks for the update :) i like how they throw in the part about future loans being denied haha, as if anyone would want another loan with them after going through all of this trouble!

I recently got a phone call from a person named Anthony(no last name given.)telling me that i owe$950.00 for two payday loans.The phone number he called me from is 1-646-520-0835,After looking up the phone# on the internet i discovered the call came from a landline in newyork.When i asked him for the names and phone numbers of the two PDL companies he would not give out the info..He also told me that the collection company that he is working for is Sandpoint Capital.

He also stated to me that he will be calling me back towards the end of november to see if I have the money to repay the loans..

He is also threatining me with legal action including a lawsuit,legal papers filed against me and whatever else he can think of.

This sounds like a scam to me,Do you also think that this is a scam?

I will not be sending him any money until I know what is going on.

What should I do?

These people just called me representing Sandpointe and said I was going to jail. I told him to talk to my attorney. He asked how I could afford an attorney when I had to take out a payday loan. I asked him where he was located, he told me that was none of my business and I said how I pay my attorney wasnt his either.

This guy is an a**. Doesn't know his head from a hole in the ground. PDLs are illegal in almost EVERY state, I've reported them to the BBB, and their operation is a total sham. They are illegally using the west indies to cover their butts.

I mean read below?

"I will let you know that if you review the documents that are sent to you at the time of your approval, it states on your loan note and disclosure that the laws of Nevis are the laws that govern this loan and that is what is agreed upon when the loan is approved. According to our records the $300 was lent to you on 8/11/09 and your first due date was 8/25. You have made three payments of $90 on this loan, which total $270. They were made on 8/25, 9/10, and 9/25. This would leave you with a $30 payment due to payoff the $300 principle amount. I will let you know that by settling the account his way, any further application for a loan will be denied. Please let me know when you would like to have the $30 payment processed and I will set it up. This final payment will settle the account.
Wes S
[email]wsumma@clearwaterbaymarketing.com[/email]
Clearwater Bay Marketing
1-800-708-4342"
Hope this helps!!"

In some states if you do a payday loan on line the attorney general has said that it is not legal for them to collect it. Also you can settle the balances for less money than what is due. We do this all the time. My information is on my web site at: DELETED...PM

while you do it all the time.please no solicitation allowed per TOS RULES.sorry.

smarty, we do not judge or resort to name calling on this board..
but first of all, not every state has storefront lenders (and to be honest i would not recommend those neither)
second, not ever company sends loan documents.. the illegal companies would never tell you that they should not be lending money and when times are tough it is easy to be a victum.
i have been there and will never go down that road again but i will not judge anyone else for it.

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jUST RECVD A CALL FROM A DETECTIVE DAN TRONBERG, AT 601-707-2551. HE CALLED AND STATED THAT HE WAS A COMPLIANCE OFFICER, WELL THEN HOW R U A DETECTIVE THEN? STATED A FEW THINGS THAT HE WAS SAYING AND THEN I TOLD HIM TO CUT THE CHASE AND TO PLEASE GIVE ME THE DETAILS OF WHO I NEEDED TO COTACT TO PAY THIS OFF, HE STATED HE WOULD CALL ME BACK AND HASENT. HMMMMMMMM, BEWARE OF THIS JACKASS

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Please try these numbers: 800-708-4342 / 800-708-4351

I got caught up in this mess too. These people are crooks. I too recieved phone calls threatening jail time and threatening my family. my account was closed long ago. I did not realize until after many hundreds of dollars that I was being scammed by these so called collection enforcement agencies. Please...dont let them do tto you what they have done to me. I realize now that internet loans are not the way to go.The whole situation has taken years off my life with worry about doing jail time for not paying off a collection agency that threatened me in the way they did. The man was rude and condescending and I will never again be spoken to in that manner. Dont take their crap[ when they call.

Hi Katrina,
Let me inform you that most of the online payday loan companies run there business from overseas and that is why it becomes impossible to get in touch with them.

To be in the safer side go and close your bank checking account, so the pdl companies cannot withdraw any money from your bank account.

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