First, I just wanted to thank all of you for this forum! I am so glad that I found it! :) I originally signed up with a Debt Settlement Company. I have paid 1 payment toward my plan, but then started to research and found this forum. When I read everything here, i realized I could completely get rid of these illegal payday loans myself! Why should this company get 20% when I can just do it! So today, I cancelled my settlement plan. I'm hoping they refund that 1 payment. They said I would get a refund in 30 days but their accounting dept has to add in "administrative costs for work already done" and I will get a refund of the rest.
So I then started emailing all of the payday loan sites. I have loans with Lendgreen, North Cash, American Web Loan, Big Picture Loans, Spot Loan, Amplify Funding, Silver Cloud Financial, and Greenline Loans. (YES...SO MANY!!! A huge lesson learned for me to never again fall into this trap!)
I just got an email from Lendgreen. I told them they were illegal in my state and I had over paid and wanted a refund. This is their response. I am actually shocked! I have now emailed the rest of these companies...doubtful I'll get the same response, but 1 is better than none!
Good afternoon Karen,
Thank you for your email, We are in receipt of your email regarding your account. As clearly indicated in its website disclaimers and the loan documents executed by you, Niiwin LLC dba Lendgreen an economic development arm of, instrumentality of, and a limited liability company wholly-owned and controlled by, the Lac du Flambeau Band of Lake Superior Chippewa Indians of Wisconsin. Our website clearly identifies its location within the exterior boundaries of the Lac du Flambeau Band of Lake Superior Chippewa Indians of Wisconsin, a sovereign Native American Nation. As such, Niiwin LLC conducts its’ business under Federal law and the laws of the Lac du Flambeau Band of Lake Superior Chippewa Indians of Wisconsin Tribe. It is exempt from state regulation due to its Native American status. Pursuant to Federal Law, Niiwin LLC is a completely lawful enterprise and can conduct business within the US.
By signing your consumer loan agreement, you agreed to be bound solely by the laws of the Lac du Flambeau Band of Lake Superior Chippewa Indians Tribe and the jurisdiction of its Courts. In addition, you agreed to comply with all the terms and conditions of the Loan Agreement and the terms of our agreement will stand. Niiwin LLC relied upon your representations in good faith and approved your loan based upon such representations. Niiwin LLC loaned you the money in good faith that you would repay the note as promised. Niiwin LLC is fully within its rights to require repayment as originally agreed.
Your current balance is $1492.07, however as a courtesy, accepting the payments you have already made to satisfy the loan, and close it with a zero balance
We believe this is more than fair in light of the circumstances. Feel free to call us with any questions
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.