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Plain Green Loans help in CA

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Hello, I have an installment loan with PGL which I just found out is not legal in CA and I sent them an ACH Revocation letter that I found on this site on 1/17, didn't hear back, so I resent it on 1/20. They did not attempt to debit my account that I know of on 1/22 (I asked my bank to put a block on them) and just now have been getting random phone calls but no messages but I know its them as I've looked up the phone numbers online. I originally borrowed $800 and paid $1400+ so i requested a PIF letter based on this as well as a refund. Any advice on what to do next? They aren't my only installment loan but I'm trying to tackle them all one at a time. Thanks for any help/advice!




Just got a pif from plain green loans thanks to this site

Sub: #1 posted on Thu, 04/02/2015 - 22:31

cadavev cadavev

(Posts: 8 | Credits: 1.17)

right on helpinaz.you would think they might try different tactics when someone gets wise,but as magneeto says in x-men the last stand.these people never learn.pathetic in the extreme.

Sub: #2 posted on Sun, 02/08/2015 - 00:08

paulmergel paulmergel
Moderators Cum Industry Expert
(Posts: 15511 | Credits: 1357.03)

Yes, you need to stick to your guns on this one.. I would resend the original letter again and remind them that you are a resident of a state that requires all lenders including online lenders to be licensed in their state to lend to their residents.. And since they are not while you are not obligated in any way other than morally to even repay back principal you are willing to do so - and they need to take in to account the total amount loaned - minus any and all payments made to date on both and that is the only amount you are willing to discuss. While they are getting this into understanding you are free from them taking money from your account and you do not send them any thing or as far as I am concerned even worry about them until they agree.

Sub: #3 posted on Sat, 02/07/2015 - 17:38

HelpinAZ HelpinAZ
Moderators
(Posts: 1873 | Credits: 288.11)

I hadn''t replied back to them and received this email this morning:

My name is Michael H and I am a Credit Service Manager here at Spotloan. Thank you for your recent email regarding your loan terms.

BlueChip Financial, which owns the Spotloan brand, is a legal tribal lender and has a valid lending license issued by the Turtle Mountain Band of Chippewa Indians (Tribe). Your loan was legally issued under the laws of the Tribe. Spotloan makes all loans from our Reservation. When you took out your Spotloan, you promised to repay the loan amount with interest. But it’s more than a promise – legally, you entered into a binding contract when you electronically signed your loan agreement. This means that you need to pay back both principal and interest.

Your Spotloan account history shows that you received and agreed to the complete terms and conditions of this loan. Based on your promise to repay the loan amount plus interest, Spotloan deposited $800 in your account on January 5, 2015. At that time, you authorized us to automatically debit your account for your scheduled payments. You have missed your prior payment scheduled for 1/29/15. Your outstanding balance, assuming you paid off all principal and interest today, is $903.63. Your next payment of $112.89 is due on Thursday, February 12, 2015.

When you took out your Spotloan, you agreed that any disputes would be decided by arbitration and that tribal law would govern enforcement of that decision. You remain obligated to repay your loan as you agreed.

We understand that you have revoked your consent to ACH withdrawals. You are absolutely permitted to do this. We have noted your revocation of consent in your file and we will not attempt to automatically debit your account again.

However, you are still obligated to repay your loan according to the loan terms. This means you are legally required to repay both principal and interest. Since you have opted to no longer permit ACH withdrawals, you can make a credit, debit or prepaid card payment by calling 888-681-6811. You may also mail a check or money order to our mail processor at:

Spotloan
P.O. Box 927
Palatine, IL 60078

Sonya, we expect you to live up to your promise to repay your loan as agreed. Please contact your Account Manager, Dariel A, at 888-681-6811 or by email at dariel.a@spotloan.com to resolve this account balance and pay back the loan. Every day your account grows with interest, so please take action now to keep it from getting out of control.

They do not appear to be acknowledging the previous loan where I overpaid. Do I hit them back with your suggestion of only paying the principal balance after factoring in the previous loan?

Sub: #4 posted on Fri, 02/06/2015 - 22:20

Sonya T Sonya T

(Posts: 24 | Credits: 4.06)

Simply reply to them reminding them that you will only be paying back principal balance and how you propose to do it .. you don't send them anything until the agree.. if they hold out for a while use the money for something else and you will pay them when you are ready.. they are not in control here you are..

Sub: #5 posted on Thu, 01/29/2015 - 03:43

HelpinAZ HelpinAZ
Moderators
(Posts: 1873 | Credits: 288.11)

Spotloan sent me this just now:

I have received your request to stop ACH automated payments, and am happy to make that change for you. Your account is updated and we will no longer process your payments through your bank account. Since you opted out of ACH auto-debit, simply mail in your payments via check or money order to:

Spotloan
PO Box 927
Palatine, IL 60078-0927

Make sure you include the following information.
1. Full Name
2. Address
3. Loan ID Number (yours is xxxxxx)

If you have any questions or concerns, don't hesitate to give us a call or send us an email and any one of our Relationship Managers will be more than pleased to assist you.

Spotfully yours,

Marlene J
Spotloan Relationship manager/ Help Desk


There is no acknowledgement of my offer to split my balance due of $285.19 (from the 2 spotloans I borrowed less all the payments I made). Should I reply back or just pay according to what I proposed?

Sub: #6 posted on Wed, 01/28/2015 - 23:33

Sonya T Sonya T

(Posts: 24 | Credits: 4.06)

If you are okay with what Mobiloans is offering go for it - Money order only - and mail certified receipt required US mail - proof of receiving.. Spot Loans may take awhile and you are not paying them anything until they do agree so oh well.. Keep us posted on progress and if you have questions holler.

Sub: #7 posted on Wed, 01/28/2015 - 04:28

HelpinAZ HelpinAZ
Moderators
(Posts: 1873 | Credits: 288.11)

Great news Mobiloans sent me the following this morning, accepting my payment offer:

Your correspondence has been directed to me for review and I thank you for the opportunity to assist you at this time in connection with your MobiLoans Line of Credit Account (“Account”).

We understand that all situations are different and would like to offer you the opportunity to pay the remaining principal due on your Account in the amount of $100.87. We are willing to accept your proposed repayment schedule. For confirmation I have listed the repayment schedule below:

o February 16, 2015 - $50.00

o March 16, 2015 - $50.87

To answer your questions regarding the legality of this loan, 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 is organized under the laws of the Tribe, is owned and operated by the Tribe, and operates exclusively on land owned by the Tribe. As such, MobiLoans is an “arm of the Tribe,” and entitled to sovereign immunity and therefore not subject to any state laws.

In any event, 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.


Thank you,

Mobiloans Account Service Team
accountservices@mobiloans.co m


I haven't heard back from Spotloan yet, I offered to pay my principal leftover balance in 3 payments. Hoping that they get back to me soon. Really glad I am getting these PIFs as the money I would have paid toward these fees each week is now going to be saved to pay more off on the legal loans that have a longterm due date - for example, Cash Call is due in like 2018 :( Rise is due next September and is $240 every 2 weeks so if I pay that one down, that is about $500 a month once I'm finished that I can shift over to Cash Call as I think I can pay that one off faster than Brookwood Loans.

Sub: #8 posted on Tue, 01/27/2015 - 21:55

Sonya T Sonya T

(Posts: 24 | Credits: 4.06)

They are a debt collector - I am sure that Mobiloans sold the balance was to them... I would wait to see if they contact you - and when they do tell them they have purchased illegal debt..and send them a cease & desist letter..
Keep proof of what you borrowed and what you paid..

Sub: #9 posted on Tue, 01/27/2015 - 07:09

HelpinAZ HelpinAZ
Moderators
(Posts: 1873 | Credits: 288.11)

I just received the following for Mobiloans:


Customer Issue: Cancel my payment or loan [5426422:4121585]
Mobiloans Account Services Faxes
To
me
Today at 12:34 PM
Dear Sonja,

We are no longer in charge of your account. You will need to contact:

National Credit Adjusters
1-800-542-1048
or:
327 W 4th
Hutchinson, KS 67501

Thank You,

Mobiloans Account Service Team
accountservices@mobiloans.co m


Any advice here? I am no longer granted access to what was my Mobiloans account. I havent heard from anyone from National Credit Adjusters.

Sub: #10 posted on Tue, 01/27/2015 - 02:19

Sonya T Sonya T

(Posts: 24 | Credits: 4.06)

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