Rise Credit (formerly PayDay One) and Plain Green Loans in California

It doesn't look like my original message posted. I am in California, and have loans with both of these companies. Are they legal?

rise credit,and plain green are tribal.meaning most illegal.you still should pay,or make a reasonable effort to pay the principle,but know that they are both illegal.

Payday One is a legal lender but Plain Green is an illegal lender all over the state of US. You owe both the principal and interest to your licensed lenders. As far as Plain Green is concerned, you owe them nothing more than the principal balance.

rise is not legal okay?they stated rise credit(formerly paydayone)meaning since rise is the same parent company as plain green and tribal they are illegal.so stop the stupiduity.one can't be legal while the other isn't.

Paul, I'm a little confused. PayDay One was a licensed CSO and they've since switched over to Rise Credit. Are you sure that they are illegal?

yes they are.you can try to settle it since they did switch,but yes both rise and plain green are illegal as a tribal entity took it over.so again try to settle the rise loan as they switched over and should give you the opportunity to settle as i guarantee the terms will be nothing like they were as paydayone.let me tell a tale about plain green.they used to be THINK CASH under FBD,but FBD gave up their rights to plain green.now plain green perpetrated the myth for almost six months that they were think cash.they eventually became a sole tribal lender.rise it seems is pulling the same garbage.so rise might claim to bo a CSO,but they most likely will milk any license paydayone had for awhile,but make no mistakes.no tribal lenders is legal,or will be legal.

Wow! Thanks for the eye opener. Where can I find this information so that I can arm myself with this information?

I've tried Googling, but no such luck.

I guess I should clarify, I had a loan with them AFTER they became Rise Credit. Does that make a difference.

I'm actually waiting for a settlement offer to come across, because I'm DONE with these PD Loans. I'm fixing the problem that caused me to turn to them, but the balance just wasn't moving AT ALL.

Ok I live in California and I have just learned that the online lenders must be licensed in your state to be able to charge the high interest rates they do or to even make loans in your State if they are not licensed with that State, is that correct? I have had several loans with Plain Green and always paid on time and paid my loans off in full. I just recently heard that if I owe on a loan with them now that I should write and demand I be refunded the interest I paid over the years because they were not licensed in California or at least have them apply the interest I have paid to the loan I have now which would pay off my balance and they cant do anything about it but pay it off and refund anything over the loan payoff. Is this correct? Any help would be appreciated.

Hi Everyone,
Just to let you know Plain Green is an illegal, tribal lending entity. This means, at least in Texas, they are not allowed to lend here as you must register with the State of Texas.
Rise Credit, formerly PayDay One, is legal and licensed. Here is their license and registration for Texas:

Ok, so I tried time an again to look on the department of corporations page for California and could find nothing in relation to Rise or Plain Green. Now, suddenly, I am seeing this:
http://www.dbo.ca.gov/fsd/licensees/default.asp?flag=1&srchtyp=contains&licstatus=active&busname=&id=603j998&lictype=&city=&state=&zip=

...so I guess this means that Rise became legal?

Manon, I curious as to if they are as well?

Does anyone else have any insight. I know Paul said they were illegal and linked to Plain Green, but then Manon supplied that link.

It's all very confusing with these types of loans.....ugh!

I know that ThinkCash did so morphing with Plain Green, so it's not unheard of. I'm just trying to confirm whether Payday One did so with Rise, because that'll obviously change strategies on how to deal with it.

Thanks for sharing this link, but it just shows that although Oregon went after them, it suspended all but $20,000 of a $100,000 fine. I kinda wish they kicked their sorry butts out of the state, lol, but at least they got hit to the tune of $20,000.

So paulmergel was right as usual? Haha!

Rise is indeed tribal and illegal since switching from PayDay One?

Makes no sense to me. Why would someone switch from being a legal lender to something that's clearly illegal? Shot themselves in the feet, if you ask me.

I agree with Michael......it appears the parent company, Think Finance (a legal Texas entity) was operating (much like CashCall with Western Sky) trying to use a tribal entity (Plain Green/Great Plains) to skirt state licensing and usury laws. It looks like Think Finance launched Rise Credit in October 2013 after the "rent a tribe" scheme they were using cratered. From my research, it appears that Rise Credit is licensed to lend in certain states.

i searched rises website and clicked a few states for the licenses,and lo and behold.they are paydayone's licenses in MO,AND TX to name a couple.it seems they like plain green when they transferred from think cash are using current paydayone licenses.bet when those expire you won't find rise with a license.

ownership of the current was transferred.just like in a few other states.once those expire they can't get under tribal rules.let tell you this.PDO was licensed in IL.that license lapsed.now rise says they don't serve IL.peculiar don't you think?in georgia they don't have a license.they just post that the maximum to lend is 500.00 no license image,again peculiar to say the least.this is looking like a think cash/plaingreen all over again.they are using licenses current throigh PDO and will become tribal when those expire.mark my words on this.

Lic. Status: Active License Lic. Date: Mar 04 2013 (Lender)
Lic. Number: 603J998 Lic. Type: California Finance Lender
Name: RISE
(LENDING STREET OF CALIFORNIA, LLC, DBA)
Address: 4150 INTERNATIONAL PLAZA, SUITE 400
FORT WORTH, TX 76109
this is from California Dept of Corporations in 2013.