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I have read conflicting information on the legality of Mobiloans, as a tribal lender, through FTC reports and the state of Texas lending usury laws. Since they are tribal, they indicate they do not have follow state usury laws. Again, I find it difficulty to ascertain if this is a valid statement. I have over paid my principal by $250 and sent an email revoking ACH (using the letter in the sticky thread) three days ago. Have not heard from them yet. I don’t care about a refund. I want it PIF and without them putting a negative mark on my credit report. I read, from a complaint on the BBB, they report to TransUnion. I suppose it could be contested as illegal, if it comes to that. Any information to further my getting a paid in full would seriously be appreciated. Many thanks




I have read conflicting information on the legality of Mobiloans, as a tribal lender, through FTC reports and the state of Texas lending usury laws. Since they are tribal, they indicate they do not have follow state usury laws. Again, I find it difficulty to ascertain if this is a valid statement. I have over paid my principal by $250 and sent an email revoking ACH (using the letter in the sticky thread) three days ago. Have not heard from them yet. I don’t care about a refund. I want it PIF and without them putting a negative mark on my credit report. I read, from a complaint on the BBB, they report to TransUnion. I suppose it could be contested as illegal, if it comes to that. Any information to further my getting a paid in full would seriously be appreciated. Many thanks

Sub: #1 posted on Mon, 08/17/2020 - 11:52

Seasons Seasons

(Posts: 5 | Credits: )

Update: I just heard back from them today and this is the email. Remember I have already paid them back +$250.
Dear (my real name)

We have received your emailed regarding Mobiloans legality. We look forward to the opportunity to respond.

To address your concerns regarding the legality of your line of credit agreement, your account agreement indicates that your account is governed by the laws of the Tunica-Biloxi Tribe of Louisiana, (the "Tribe") a sovereign nation recognized by the United States of America. As such, the laws of the Tribe permit Mobiloans to offer the account in accordance with Tribal law. In addition, MobiLoans, LLC ("Mobiloans") is organized under the laws of the Tribe, is owned and operated by the Tribe, and operates exclusively on land owned by the Tribe. Mobiloans is an "arm of the Tribe," and entitled to sovereign immunity and therefore not subject to any state laws.

Account holders remain obligated to Mobiloans initial terms of agreement and to repaying their outstanding balance throughout the life of their line of credit. Details regarding the "legality" of your line of credit are disclosed in your Mobiloans Terms and Condition agreement, which was available for your review prior to and after submitting your line of credit application and prior to submitting your first cash draw request. You were required to review and acknowledge that you have reviewed and agree to Mobiloans Terms and Conditions agreement prior to submitting your line of credit application to Mobiloans and prior to accepting your initial cash draw. When you applied for your Mobiloans account, you agreed to Mobiloans Terms and Conditions which stated your agreement was governed by the laws of the Tunica-Biloxi Tribe of Louisiana, not by your resident state. Your initial acknowledgment of these terms was on 02/02/2020. By agreeing to these Terms and Conditions you expressly waived your state's requirements.

In any event, our Tribal enterprise strives to provide excellent customer service. Per to your request, we will make no further ACH debits from your bank account. Our records indicate that your account ending in 9158 is 0 days past due, with a balance of $1,288.90. Per your request, we are unable to consider your account paid in full. As mentioned above, you remain obligated to the initial terms of agreement you initially acknowledged. Please contact our Customer Support Team at the number below to make arrangements for the balance that is presently due.

Should you have any questions or additional concerns, you may contact our Customer Support Team at the number listed below.

Sub: #2 posted on Mon, 08/17/2020 - 15:17

Seasons Seasons

(Posts: 5 | Credits: )

What’s my next move? What to include in the next email? I’m not paying them anything and have to see that coming. Advice is kindly needed. Thank you in advance.

Sub: #3 posted on Mon, 08/17/2020 - 15:20

Seasons Seasons

(Posts: 5 | Credits: )

Hello , I have several pay day loans that I have paid crazy amount of money every 2 weeks and unfortunately I am behind payment due to the current situation- my questions is are this pay loans are legal or licensed in Texas and what can I do ?

OppLoans
Skytrail Cash
Leap Credit
Nine Troches

Please advise
Thank you.

Sub: #4 posted on Thu, 08/20/2020 - 19:00

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