index page

Plain Green and Great Plains Loans Help

Date: Thu, 07/05/2012 - 07:57
Submitted by melcher4 on Thu, 07/05/2012 - 07:57
Posts:
Credits:
[Donate]

Hello I live in CA and I have paid off several loans and am currently paying off two, one from plain green loans and the other great plains lending.
1. The names of each of your lenders
Loan 1
1/4/2012 Plain Green/ Principal $500
1/27/12 1st payment of $93.38
3/30/2012 Last pmt, paid in full $430.65 /Total Paid $897.55 /Interest Paid $ 397.55
Loan 2
2/13/2012 Great Plains/ Principal $800
2/24/2012 1st payment of $127.87 x 4= $511.48
4/5/2012 Last pmt, paid in full $720.44/Total Paid $1231.92/Interest Paid $ 431.92
Loan 3
4/3/2012 Plain Green/ Principal $800
4/17/2012 1st payment of $902.58
4/17/2012 Last pmt, paid in full $902.58 /Total Paid $902.58 /Interest Paid $ 102.58
Loan 4/Current Loan
04/16/12 Great Plains / Principal $900
05/04/12 1st pmt / $129.87 x 5 = $649.35 paid so far (as of 7/5)
Leaves $250.65 / $129.87 = 1.93 payments
What they want: $129.87 x 19 = $2467.53 / Interest $2216.88
Loan 5/Current Loan
04/24/12 Plain Green / Principal $800
05/04/12 1st pmt / $115.31 x 5 = $576.55 paid so far (as of 7/5)
Leaves $223.45 / $115.31 = 1.93 payments
What they want: $115.31 x 15 = $1729.65 / Interest $1506.20

2. How you obtained the loan (internet, storefront, etc.)
Internet

3 What state you live in
California

4. How much was deposited by each lender
(if you've had and repaid multiple loans prior to this one, add them all together)
5 Loans for a total of $3800 since January 2012.

5. How much you've been debited by each lender
(again, if you've had multiple loans, do the math and give us a total)
On the current Plain Green loan, I’ve paid 5 payments so far, totaling $129.87 and the current Great Plains one I've pain 5 payments of $115.31 (as of 7/05)
The first 3 Loans total $2100. I paid a total of $3032.05,($1800.13 to plain green and $1231.92 to great plains), Which means I paid $932.05 in interest over the course of 4.5 months.
The 2 currents loans total $1700. I've paid a total of $1225.90, ($649.35 to Great plain and $576.55 to plain green)

Total to date $3800 loaned out and $4257.95 paid back
Great Plains Lending- $1700 paid $1881.27
Plain Green Loans- $2100 paid $ 2376.68

6. Details of any communication you've had with the lender
None

7. Any additional question(s) specific to your situation
I'd like to know what options i have available to me and the best way to proceed. Since i have paid the toatl amount loaned to me by both lenders in interest from previous loans, should i tell them that's good for everything and put a hold on them. Or should i pay back the principal on the current ones and ask for a refund fromthe previous? Which would be the fastest and easiest solution since I am looking to put this mistake behind me in life.
I would really appreciate your advice. Thank you.


So I finally got return emails after sending 3 copies of it to each one.

Plain Greens:
Please be advised that this communication is for the purpose of collecting a debt. Any information obtained may be used to collect the debt. We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your credit report.
Dear Mr. Melcher:
Your correspondence has been directed to me for review and I thank you for the opportunity to assist you at this time.
We understand that all situations are different and would like to offer you the opportunity to pay the remaining principal in the amount of $223.45. We suggest three (3) payments in the amount of $55.86 to settle this account. Payments would begin on July 31, 2012.
To further clarity your questions regarding the legality of this loan, Plain Green is organized under the laws of the Chippewa-Cree Tribe of the Rocky Boy???s Indian Reservation of Montana (???Chippewa-Cree???). Plain Green is owned by the Chippewa-Cree, and operates exclusively on land owned by the Chippewa-Cree. As such, Plain Green stands as an ???Arm of the Tribe,??? in the view of the United States state and federal courts. Therefore, loans made by an arm of a sovereign Indian nation are not subject to state law. This is NOT a payday loan.
This letter is written to help you understand that Plain Green and its loan contracts are governed exclusively by the laws of the Chippewa-Cree.
Pursuant to your request, we have removed your contact numbers from our system and we will make no further ACH debits from your account.
Please reply to this email if you accept this offer to settle your account and we can set up a payment plan.

Great Plains Lending

Please be advised that this communication is for the purpose of collecting a debt. Any information obtained may be used to collect the debt. We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your credit report.
Dear Mr. Melcher:
Your correspondence has been directed to me for review.
Pursuant to your request, we have removed your contact numbers from our system and we will make no further ACH debits from your account. Your current principal balance for this loan is $250.65. Please respond to this email so that we can set up a payment plan to settle your account.

So I'm thinking of resending them an email siting the previous overpayments and principals due, but would really like to site some federal law as to why its illegal instead of state law. If anyone has suggestions as to what to say or other ideas, please let me know.


Submitted by melcher4 on Wed, 07/18/2012 - 08:19

melcher4

( Posts: | Credits: )