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Does anyone know if Spotloans is a legal lender in Illinois. On there website it gives a Illinois address but it's a PO BOX. but on the bottom of the website it reads, Spotloan℠ is a brand owned by BlueChip Financial, a tribally-owned entity organized under and governed by the laws of the Turtle Mountain Band of Chippewa Indians of North Dakota, a federally recognized Indian Tribe. BlueChip is located on and operates within the Tribe’s reservation. I searched the Licensees data base but no results.




no tribal loan is legal in any state.how much did you borrow,and how much was debited as of now?i am in IL as well, ms amy madigan(the IL AG)will help you with this.file a complaint with her office.

Sub: #1 posted on Thu, 10/03/2013 - 22:50

paulmergel paulmergel
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(Posts: 15506 | Credits: 1356.56)

I borrowed $500 and have paid $182.10. They gave the address as
Spotloan
P.O. Box 927
Palatine, IL 60078-0927

Sub: #2 posted on Thu, 10/03/2013 - 23:34

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that is a mail drop shell address.don't give that ant credence whatsoever.the mail is automatically forwarded.

Sub: #3 posted on Fri, 10/04/2013 - 01:58

paulmergel paulmergel
Moderators Cum Industry Expert
(Posts: 15506 | Credits: 1356.56)

You state that these type of lenders are illegal, but, what happens if principal is never payed back in full? What legal action am I liable to?

Owe: $2000 (principal)
Paid: $950

this is spotloans

Sub: #4 posted on Thu, 11/07/2013 - 03:33

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I also live in ILlinois (the guy that just posted @ 14:03)

Sub: #5 posted on Thu, 11/07/2013 - 03:35

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