Lendumo Reviews (%countItem)
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Lendumo Rating
Address: PO Box 231, Lac du Flambeau, Wisconsin, United States, 54538
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I took a small loan out for $400, I was told by a rep when I took the loan out that I could pay it off with interest after I’ve paid $561 (don’t remember the exact change). I thought that was a good deal for a loan. Up to date I’ve paid 688.95. I went to chat with a rep to see why I have not paid it off yet and was told I would be done 2/10/2021 and the finance charge is $1252.40. HOW IS THIS LEGAL?! On 400? An interest of 403.15%?!? That is RIDICULOUS!!!!!! I told them I’ve paid more than just the $400 borrowed and they will not receive a dime more from me!!! That has to be ILLEGAL on so many levels!!!
To Whom It May Concern: This responds to the above-referenced complaint. This inquiry related to a loan from Nisiw, LLC dba Lendumo (the “Company”), which is owned by the Lac du Flambeau Band of Lake Superior Chippewa Indians (“Tribe”). The Company takes these types of inquiries very seriously and would like to provide you with the below information. Nothing in this communication should be construed as a waiver of the Tribe’s or the Company’s sovereign immunity, all of which are expressly preserved. The Company is a wholly-owned and operated subsidiary of LDF Holdings, LLC (“LDF Holdings”). LDF Holdings is a wholly-owned and operated subsidiary of the L.D.F. Business Development Corporation, which is a wholly-owned and operated economic arm and instrumentality of the Tribe. The Tribe is a federally recognized Indian tribe, organized under a Constitution pursuant to the Indian Reorganization Act of 1934, 48 Stat. 984, 25 U.S.C. §§ 476, et seq., as amended, and is identified on the United States Department of Interior’s list of federally acknowledged Indian Tribes. 83 FR 34863-01 (July 23, 2018). The Company is an arm of the Tribe. As an arm of the Tribe, the Company possesses all of the privileges and immunities of the Tribe. The Tribe and the Company are entitled to tribal sovereign immunity and they are not subject to state law. Wells Fargo Bank, N.A. v. Lake of the Torches Econ. Dev. Corp., 677 F. Supp. 2d 1056, 1061 (W.D. Wis. 2010) (holding that entities acting as arms of a tribe are entitled to tribal sovereign immunity). The Company issues loans in accordance with the Tribe’s Tribal Consumer Financial Services Regulatory Code and it is licensed under Tribal law. The customer’s loan agreement provided that it would be governed by the laws of the Tribe, without regard to the laws of any state. The interest and fees applicable to the loan are permitted by Tribal law. They were accurately and clearly reflected in the loan agreement that the customer signed before receiving the loan. The customer also received a TILA disclosure that outlined the amount and date of each payment required under the loan agreement. Due to its immunity, the loan is not subject to state law and the Company is not required to be licensed with any state. The customer’s loan is legal. DocuSign Envelope ID: 22580BE3-E48D-42AC-9AB1-B7A4ADB9400D Niswi, LLC dba Lendumo Po Box 542 Lac du Flambeau, WI 54538 LDF Holdings Po Box 231 Lac du Flambeau, WI 54538 As a courtesy to ***, we will consider all payments made to date and close the account without any further obligation. If *** has any questions, she may contact Customer Service at (877) 558-1999. Nothing herein shall be construed as a waiver of any rights or privileges of Lendumo, all of which are expressly reserved. The Company trusts that the complainant will find this letter of explanation satisfactory. However, if the complainant is not satisfied with the Company’s resolution of this matter, pursuant to Section 10 of the Tribal Consumer Financial Services Regulatory Ordinance, which can be found at https://www.ldftribe.com/uploads/files/Court-Ordinances/CHAP94-Tribal-ConsumerFinancial-Services-Reulatory-Ordinance.pdf, he/she may pursue formal dispute resolution with the Tribal Consumer Financial Services Regulatory Authority (“Authority”). To do so, he/she must send a written request to the Authority at P.O. Box 25, Lac du Flambeau, Wisconsin 54538. The request must contain the information required by Section 10 of the Tribal Consumer Financial Services Regulatory Ordinance.
[A default letter is provided here which indicates your acceptance of the business's response. If you wish, you may update it before sending it.]
Revdex.com:
I have reviewed the response made by the business in reference to complaint ID, and find that this resolution is satisfactory to me.
Regards
I am writing regarding Loan Number *** . I have many concerns regarding the legality and validity of this loan.
I cannot find that Lendumo or Niswi, LLC are registered, as required, in the State of Ohio where I am a resident. I feel that I have been a victim of an illegitimate loan company operating in my state.
At this point, I have repaid the principal amount of $625.00, and have paid an additional $855.64 in interest and fees. I request that this loan be closed, and that I receive a paid in full/closed letter in writing.
As a courtesy to ***, we will consider all payments made to date and close theaccount without any further obligation. If *** has any questions, she may contactCustomer Service at (877) 558-1999
Revdex.com:
I have reviewed the response made by the business in reference to complaint ID, and find that this resolution is satisfactory to me.
Regards
On 5/26/2020 I requested a loan for $725 from lendumo. I agreed for the payment of $188 everytime I got paid which is bi-weekly. I’ve made 5 payments so far and I went to go check how much I have left and it says I have 7 more payments and with those 7 payments alone the amount comes up to $1,320 For a $725 loan? That’s ridiculous I am a 22yo trying to scrape by as it is since my work was effected by COVID-19 and I’m barely starting to get back on my feet, these payments are beyond ridiculous! I wish to only pay back what I owe and be done with thus awful website
To Whom It May Concern:This responds to the above-referenced complaint. This inquiry related to a loan fromNisiw, LLC dba Lendumo (the “Company”), which is owned by the Lac du Flambeau Band ofLake Superior Chippewa Indians (“Tribe”). The Company takes these types of inquiries veryseriously and would like to provide you with the below information. Nothing in thiscommunication should be construed as a waiver of the Tribe’s or the Company’s sovereignimmunity, all of which are expressly preserved.The Company is a wholly-owned and operated subsidiary of LDF Holdings, LLC (“LDFHoldings”). LDF Holdings is a wholly-owned and operated subsidiary of the L.D.F. BusinessDevelopment Corporation, which is a wholly-owned and operated economic arm andinstrumentality of the Tribe. The Tribe is a federally recognized Indian tribe, organized under aConstitution pursuant to the Indian Reorganization Act of 1934, 48 Stat. 984, 25 U.S.C. §§ 476, etseq., as amended, and is identified on the United States Department of Interior’s list of federallyacknowledged Indian Tribes. 83 FR 34863-01 (July 23, 2018). The Company is an arm of theTribe. As an arm of the Tribe, the Company possesses all of the privileges and immunities of theTribe. The Tribe and the Company are entitled to tribal sovereign immunity and they are notsubject to state law. Wells Fargo Bank, N.A. v. Lake of the Torches Econ. Dev. Corp., 677 F. Supp.2d 1056, 1061 (W.D. Wis. 2010) (holding that entities acting as arms of a tribe are entitled to tribalsovereign immunity).The Company issues loans in accordance with the Tribe’s Tribal Consumer FinancialServices Regulatory Code and it is licensed under Tribal law. The customer’s loan agreementprovided that it would be governed by the laws of the Tribe, without regard to the laws of anystate. The interest and fees applicable to the loan are permitted by Tribal law. They wereaccurately and clearly reflected in the loan agreement that the customer signed before receivingthe loan. The customer also received a TILA disclosure that outlined the amount and date of eachpayment required under the loan agreement. Due to its immunity, the loan is not subject to statelaw and the Company is not required to be licensed with any state. The customer’s loan is legal.DocuSign Envelope ID: 22580BE3-E48D-42AC-9AB1-B7A4ADB9400DNiswi, LLC dba LendumoPo Box 542Lac du Flambeau, WI 54538LDF HoldingsPo Box 231Lac du Flambeau, WI 54538As a courtesy to Madison Quetawki, we will consider all payments made to date and closethe account without any further obligation. If Madison Quetawki has any questions, she maycontact Customer Service at (877) 558-1999.Nothing herein shall be construed as a waiver of any rights or privileges of Lendumo, allof which are expressly reserved.The Company trusts that the complainant will find this letter of explanation satisfactory.However, if the complainant is not satisfied with the Company’s resolution of this matter, pursuantto Section 10 of the Tribal Consumer Financial Services Regulatory Ordinance, which can befound at https://www.ldftribe.com/uploads/files/Court-Ordinances/CHAP94-Tribal-Consumer-Financial-Services-Reulatory-Ordinance.pdf, he/she may pursue formal dispute resolution withthe Tribal Consumer Financial Services Regulatory Authority (“Authority”). To do so, he/shemust send a written request to the Authority at P.O. Box 25, Lac du Flambeau, Wisconsin 54538.The request must contain the information required by Section 10 of the Tribal Consumer FinancialServices Regulatory Ordinance.
I took a loan with this company and then had my hours cut at work due to pandemic. I only owe 600.00. I reached out to customer service and the rep advised me to send an email to customer service stopping my ach withdrawals and I could be put on a payment plan. I did just that. I have the emails where I did the ACH revoke. I received one email from them saying I was in default and could they put me on arrangements, the total they now had was over 1100.00 for a 600.00 loan. I said yes and asked if I could get a payoff or settlement amount, as I was going to borrow money from family to get this taken care of. No response for a week and then I got a email that I had been transferred to a collection agency. All of this has happened in two weeks, they never gave me a chance and now I'm in collections. I have tried to reach out to them and they keep saying they can't help me I'm with a collection agency.
To Whom It May Concern:This responds to the above-referenced complaint. This inquiry related to a loan fromNiswi, LLC dba Lendumo (the “Company”), which is owned by the Lac du Flambeau Band ofLake Superior Chippewa Indians (“Tribe”). The Company takes these types of inquiries veryseriously and would like to provide you with the below information. Nothing in thiscommunication should be construed as a waiver of the Tribe’s or the Company’s sovereignimmunity, all of which are expressly preserved.The Company is a wholly-owned and operated subsidiary of LDF Holdings, LLC (“LDFHoldings”). LDF Holdings is a wholly-owned and operated subsidiary of the L.D.F. BusinessDevelopment Corporation, which is a wholly-owned and operated economic arm andinstrumentality of the Tribe. The Tribe is a federally recognized Indian tribe, organized under aConstitution pursuant to the Indian Reorganization Act of 1934, 48 Stat. 984, 25 U.S.C. §§ 476, etseq., as amended, and is identified on the United States Department of Interior’s list of federallyacknowledged Indian Tribes. 83 FR 34863-01 (July 23, 2018). The Company is an arm of theTribe. As an arm of the Tribe, the Company possesses all of the privileges and immunities of theTribe. The Tribe and the Company are entitled to tribal sovereign immunity and they are notsubject to state law. Wells Fargo Bank, N.A. v. Lake of the Torches Econ. Dev. Corp., 677 F. Supp.2d 1056, 1061 (W.D. Wis. 2010) (holding that entities acting as arms of a tribe are entitled to tribalsovereign immunity).The Company issues loans in accordance with the Tribe’s Tribal Consumer FinancialServices Regulatory Code and it is licensed under Tribal law. The customer’s loan agreementprovided that it would be governed by the laws of the Tribe, without regard to the laws of anystate. The interest and fees applicable to the loan are permitted by Tribal law. They wereaccurately and clearly reflected in the loan agreement that the customer signed before receivingthe loan. The customer also received a TILA disclosure that outlined the amount and date of eachpayment required under the loan agreement. Due to its immunity, the loan is not subject to statelaw and the Company is not required to be licensed with any state. The customer’s loan is legal.DocuSign Envelope ID: 22580BE3-E48D-42AC-9AB1-B7A4ADB9400DNiswi, LLC dba LendumoPo Box 542Lac du Flambeau, WI 54538LDF HoldingsPo Box 231Lac du Flambeau, WI 54538Although not required to do so, as a courtesy, the Company will reach out to the customerwith an offer to resolve their loan.The Company trusts that the complainant will find this letter of explanation satisfactory.However, if the complainant is not satisfied with the Company’s resolution of this matter, pursuantto Section 10 of the Tribal Consumer Financial Services Regulatory Ordinance, which can befound at https://www.ldftribe.com/uploads/files/Court-Ordinances/CHAP94-Tribal-Consumer-Financial-Services-Reulatory-Ordinance.pdf, he/she may pursue formal dispute resolution withthe Tribal Consumer Financial Services Regulatory Authority (“Authority”). To do so, he/shemust send a written request to the Authority at P.O. Box 25, Lac du Flambeau, Wisconsin 54538.The request must contain the information required by Section 10 of the Tribal Consumer FinancialServices Regulatory Ordinance.
I took a loan out with this company March of 2020. It was for $1000.00 Since then I have paid them $1530.16 abd still owe them about another 500-600. I have paid the loan along with extra. During this pandemic I have not worked as many hrs and it is hard for me to pay this every 2 weeks. They have received all the money from me plus more. I would like this loan closed.
As a courtesy to ***, we will consider all payments made to date and close theaccount without any further obligation.If *** has any questions, she may contact Customer Service at (877) 558-1999.
In November 2019 I contacted, initiated and received a loan from Lendumo for $1300, and to date have paid $2685 back on this loan. On May 27, 2020 I contacted them and asked for a settlement amount and was advised by Shirley Eusanio that I would need to pay another $1200 in order to payoff early. I advised that due to the pandemic I could not afford to pay, Shirley advised that in order to get any other arrangement I should not pay the loan for 2 months. I did this and now the account is in collections. Their loan practices are predatory and outrageous. I do appreciate the ability to borrow on short notice and the amount given for an unexpected expense, but I can no longer afford to pay them and seeing that they have already received more than double the amount borrowed I should have at least been given better negotiating terms. Especially during a national crisis.
As a courtesy to ***, we will waive the outstanding balance and considerthe loan paid in full. Your account is now closed.If you have any questions, please contact Customer Service at 1-877-558-1999.
[A default letter is provided here which indicates your acceptance of the business's response. If you wish, you may update it before sending it.]
Revdex.com:
I have reviewed the response made by the business in reference to complaint ID, and find that this resolution is satisfactory to me. ***Assuming that this account will be removed from collections and no further attempts will be made from the collection company Zenresolve.
Regards
see Attached document
A call review was conducted on the verification call and the fraud claim call. After thereview, it was determined the voice on the verification call matches the voice on the fraudclaim. We do not believe this account is fraud.
Mr. *** agreed to the terms of the loan and is responsible for thecharges. Mr. loan was paid off on 08/03/2020.
If you have any questions, please contact Customer Service at 1-877-558-1999.
Niswi, LLC dba Lendumo is a commercial enterprise and instrumentality of the Lac du Flambeau Band of Lake Superior Chippewa Indians. They did a scam type loan preying on hardship clients. I was in the Hospital with health issues and they had sent a "Pre-qualified" card and called me about a loan. I borrowed $1100.00 I made some payments of $363.35 My balance is almost $4,000.00 ( wow!) after 4 payments. This is outrageous at any time, MUCH LESS the time we are now living in. They told me NO terms for partial payment is available. They ARE A SCAM !
As a courtesy to ***, we will consider all payments made to date and closethe account without any further obligation. Mr. scheduled payment for 08/04/2020 mustbe paid successful in order to have the account closed.
If *** has any questions, he may contact Customer Service at (877) 558-1999.
I applied for the loan and decided I want to cancel I keep getting the run around and only have two days to cancel. I want them to take funds back but I am being enforced and I feel it is purposely so they can charge interest. I called ahead of time they said I had to wait until funds hit account. Then I called once hit account then they said I needed to talk to a live agent in which it said they read message but did not respond. Then I sent and email as instructed again on the phone and they confirmed they received it yet still no response. I need them to cancel this loan because the interest is ridiculous and I did not read what I was signing. I would appreciate if they got back to me.
As a courtesy to *** we will close the account without any furtherobligation and Ms. will no longer be held responsible for the loan. Ms. paymentfor 08/04/2020 must clear to have the account closed.
If *** has any questions, she may contact Customer Service at
As I read several posts here already, I feel like there's not much more to add. What ppl have stated is true. Especially about the interest scam they do on you. I made a payment on time with tracking proof from Priority Mail and they denied receiving it. I had to pay late fee and internet on full amount until they acknowledged receipt of payment. This is a scam. Even though they finally admit receiving it on time, they refuse to give me a refund of the overpaid interest. They just hung up on me. Very bad ppl in a terrible predatory lender (loan shark) company! Stay away!!
I received a high interest rate loan in the amound of $1100 from Lendumo due to struggles from my son being diagnosed with cancer. I specifically asked about early payoff with no penalties. I was told that yes, they encourage people to pay off early. So, after four payments of $341.34, I expected my payoff amount to be reasonable. When I requested a payoff amount, I was told it was $1340.67. So in two months, I have paid $1365 and I still owe $1100 is $1500. This cannot be legal!
In addition, I have learned that this company is not licensed to do business in WA state. Also, not legal.
In four weeks I have already paid more than what I borrowed. This cannot be the way this company does business! So unfair, so inhumane.
As a courtesy to ***, we will consider all payments made to date and close theaccount without any further obligation.
If *** has any questions, she may contact Customer Service at (877) 558-1999.
Revdex.com:
I have reviewed the response made by the business in reference to complaint ID, and find that this resolution is satisfactory to me.
Regards
Back in February 2020 I had a short term financial emergency for immediate need for car repairs. I borrowed $1,900.00 from Lendumo expecting to pay it off in 2-3 paychecks due to the high interest. In March 2020 I was furloughed from work due to COVID. I lost all income and was not receiving unemployment. I called Lendumo 2-3 times starting in March 2020 explaining that I was furloughed and I was not expected to return to work until either July or August. I advised them that I will not be making a payment until after I return to work because food for my children was more important at the time. I clearly, multiple times stated that as soon as I return to work I will resume my payment obligations. The customer service rep was kind, understanding and stated he would note my account and I would not continue to get "collection calls" during this pandemic. At that time I had already made $1,210.00 in payments towards the $1900.00 loan. I returned to work August 3, 2020 and that same day I called Lendumo and advised them I was back to work and ready to reinstate my payment and pay off my remaining balance. They then advised me that I currently owe $4,500.00!!!! At no time was I advised by the "Kind, Understanding" representative in March 2020 that they were going to CONTINUE TO CHARGE DAILY INTEREST. Not one time did I receive any documentation stating that I was going to pay $1000.00 a month in interest and penalties during a worldwide pandemic!! When I advised them I was furloughed from work and will not be able to make payments for a couple of months, the interest and penalties should have stopped then but it did not. Topping off by NOT ADVISING ME that I was going to continue to be charged astronomical interest regardless of my loss of income and employment/IE HARDSHIP REQUEST. This is the most disgraceful, dirty, predatory loan I have every had in my life. LENDUMO IS A PREDATOR LENDER!! I will gladly pay exactly what I borrowed, $1,900.00 and they have already collected $1,210.00 interest which I gladly paid. It is absolutely ROBBERY to charge $5,710.00 for a 5-6 month $1,900.00 loan.
DO NOT BORROW FROM THEM!
Although not required to do so, as a courtesy, the Company will reach out to the customerwith an offer to resolve their loan.
Revdex.com:
I have reviewed the response made by the business in reference to complaint ID, and find that this resolution is satisfactory to me.
Regards
This company drafted $311.52 out of my account without authorization. I was told this was an online loan account; however, I did not authorize a loan online. Please help me. I cannot afford to have this taken from my account.
Although not required to do so, as a courtesy, the Company will reach out to the customer with an offer to resolve their loan. The customer can call the Company at 1-844-388-0500 if there are further questions or concerns.
Revdex.com:
I have reviewed the response made by the business in reference to complaint ID, and have determined that this does not resolve my complaint. For your reference, details of the offer I reviewed appear below. I cannot afford to pay such debt that I did not authorize
Regards
will have to file a police report for identity theft since Ms.states she did not authorize the loan.
*** will have to send Lendumo a copy of the police report due to policies andprocedures to not be held responsible for the loan.
If *** has any questions, she may contact Customer Service at (877) 558-1999.
Revdex.com:
I have reviewed the response made by the business in reference to complaint ID, and have determined that this does not resolve my complaint. For your reference, details of the offer I reviewed appear below. I should not be liable. My lawyer will be in contact with Lendumo.
Regards
I want to make a complaint about Lendumo, an organization that claims to be a tribal lending company.
Address: PO Box 542, Lac Du Frameau, WI 54538
Phone: 877-558-1999
Fax: 888-727-3183
When I checked my email this afternoon, I found three questionable emails from Lendumo. 1) At 11:17am, I received an email that my loan application had been received. 2) At 11:21, I received a password change email. 3) At 12:11pm, I received notice that the $1500 loan had been funded. I'd never heard of this company, let alone applied for a loan.
My first suspicion was that these were phishing emails, so I opened a new browser and searched google for "Lendumo". I found their site immediately. The email address from the messages matched the site, as did the phone numbers. I called the number and spoke with Kenya. I said I wanted to report a fraud. I gave my phone number. She asked me to verify my date of birth and the last 4 of my ssn. I refused to do so. She said the only thing I could do in that case would be to file a police report and fax it to them. After all of the information she'd given about the company matched the website, I relented and verified the last 4 on my ssn and my birthday. Kenya said the information didn't match the loan and she couldn't help me. She said the only thing I could do was fax in a police report. I said I would call the police and go from there.
I called my County Sheriff & spoke with a deputy. We each made calls to Lendumo customer service but were unable to get any additional information. I spoke with a "supervisor" *** (last name refused), who said they would not even provide information on what would happen with the police report. I expressed concern, saying their organization has some of my personal information now but with the police report, they would have all of my personal information and I want to know how they would keep it secure and what they would do with it & what next steps would be taken. *** refused to tell me. I ended the call and spoke with the Deputy Sheriff again. We agreed Lendumo should NOT receive a copy of the police report.
I have sent a complaint to the Iowa Attorney General's office, and I'm filing a scam alert and complaint here, with the Revdex.com. Either my information has been used by someone to fraudulently secure a loan OR this company has scammed me out of some of my personal information for nefarious reasons. If this is a genuine error, another person's loan has my phone number and email so I would be the one contacted by collectors. Lendumo refused to tell me what information of mine was in their system, and they refused to remove my information as I could not verify "all" of the account information.
As a courtesy to ***, we will close the account without any further obligationand Ms. will no longer be held responsible for the loan. Ms. still must send apolice report due to policies and procedures to have the account closed.
If *** has any questions, she may contact Customer Service at (877) 558-1999
Revdex.com:
I have reviewed the response made by the business in reference to complaint ID, and have determined that this does not resolve my complaint. For your reference, details of the offer I reviewed appear below.
[Please type your response here.]While I appreciate acknowledgement that I have no loan through them, this organization still demands to receive all of my verified personal information through receipt of a police report. I filed case *** with the Polk County Iowa sheriff's office, Deputy *** took the complaint. That's enough information. Considering I feel this organization is attempting to defraud me, I'm not about to give them 100% access to my information. Especially notwnot I'm told they can't tell me what they will do with my information and how they will protect it because I "can't verify all information on the account" so they cannot talk to me about anything.
Regards
Please see attached:
The Company issued a loan after receiving a loan application in the complainant’s name.The complainant states that he/she did not apply for a loan, however. If the complainant believeshe/she has been the victim of identity theft, he/she can provide the following to the Company tofurther investigate: (1) A completed identity theft report, which can be found at the Federal TradeCommission’s website, https://www.identitytheft.gov/Assistant# or a police report outlining thealleged identity theft; and (2) proof of identification, such as a copy of a driver’s license, a copyof a government-issued identification card, or social security number.The information can be sent to [email protected]. If the customer has anyadditional questions, he/she can call the Company at 1-844-388-0500.
Revdex.com:
I have reviewed the response made by the business in reference to complaint ID, and have determined that this does not resolve my complaint. For your reference, details of the offer I reviewed appear below.
[Please type your response here.]
I have called the company several times. Law enforcement had called the company on my behalf. Unilateral, I was informed that,b I could not verify the information they had in their system, they COULD NOT TALK TO ME about the use of my information. The organization STILL has not explained why providing them with all my personal information - information that is verified as correct through a police agency or a government entity - is SAFE, nor have they explained how they will ensure my information is secured. Why would I give MORE information to a company that is potentially committing fraud against me? How does giving unfettered access to ALL my personal information help? I am simply asking for verification that ALL my information has been removed from their system. There's no rational reason for them to need MORE of my information before doing so.
Regards
Why is this company still in business? Because they go by Tribal Law so they don't have to follow Federal Law of predatory rates? This business is proof you can just buy an A rating with the Revdex.com. It should be an F. I have seen many loan contracts and 299% interest rates!! Do NOT take loans out here.
I borrowed $525 from them in November 2019. Interest rate over 600% biweekly payments of approximately $136. I have four remaining payments and have lost my income due to COVID-19. They delayed three payments but I am still not working and have asked for their help. They say they can do no more. I’ve already paid back almost 4 times what I borrowed.
The customers loan has been in a paid-off status and his account has been closed. Ifcustomer has any questions, he may contact Customer Service at (877) 558-1999
Revdex.com:
I have reviewed the response made by the business in reference to complaint ID, and find that this resolution is satisfactory to me.
Regards
Charged $600 interest for 1 month on $1200 loan
Please see attached:
As a courtesy to customer, we will close the account upon repayment of the principalbalance of $1,200.00. Please remit the outstanding principal balance of $1,200.00 by check ormoney order to:Niswi, LLC dba LendumoPo Box 542Lac du Flambeau, WI 54538Or customer may contact Customer Service at (877) 558-1999 to set up paymentarrangements.
[A default letter is provided here which indicates your acceptance of the business's response. If you wish, you may update it before sending it.]
Revdex.com:
I have reviewed the response made by the business in reference to complaint ID 14596958, and find that this resolution is satisfactory to me.
Regards
I received a collection letter from a third party agency in regard to an unpaid account with Lendumo. I have never heard of this company.
The principal is $776.99, interest to date is $480.26, and I'm assuming collection agency fees of$120.00, which equals $1,377.25.
As originally stated, I've never heard of this company and cannot afford to pay this debt due to my inability to work at this time.
Although not required to do so, as a courtesy, the Company will reach out to the customerwith an offer to resolve their loan.The customer can call the Company at *** if there are further questions orconcerns.
Here are copies explaining how I tried for over 3 Hours today to PAY-OFF my loan.
From 12:20p.m. until after 3:00p.m. today I tried with 12 e-mails and 7 or 8 phone calls to pay off my loan. NO ONE WILL HELP they just say system problems so not getting my e-mails. (Odd-every other business I work with got the mails I sent.) So, I found this LLC Add. in my loan docs. and am trying one more time. PLEASE call me at ========= if you get this. Even an e-mail acknowledgment would be appreciated. I tried to get *** and was told that wasn't possible. So, I dealt wit others until after 3:00p.m. I tried, my bank is closed now!!! THIS IS ABSURD that I can't get them t take a pay-off! Oh I forgot, they can charge more finance charges the longer they are unpaid!!
Sincerely;
***
From: "Edward S"
To: [email protected]
Sent: Friday, July 24, 2020 12:26:47 PM
Subject: LOAN ***0
NOTE: URGENT
I am TRYING to pay off my loan. I was told your debit card system is not operating. So, if I want to pay off with an account that IS NOT the one on file with you (ie. Wells Fargo), I am to send you herewith my other bank info.(Have attached a voided check copy for Wadena State Bank Account) This shows
the bank routing number and my Acct.#. I authorize you to take pay-off today. I am to call *** at==========o tell him I have sent this and he will help expedite it.
I am 70 years old and dealing with medical issue and there is NO REASON just trying to pay off a loan should be stressing me out. Please just take your pay-off.
Thank You
Although not required to do so, as a courtesy, the Company will reach out to the customerwith an offer to resolve their loan.The customer can call the Company at 1-844-388-0500 if there are further questions orconcerns.
I was approved for a short term loan on July 13, and never received it.
Lendumo keeps saying they sent it.
My bank said the money was never wired. It will be two weeks tomorrow.
I have verified my banking info numerous times with this company.
I have sent copies of my bank statement for the July 13th to prove I did not receive the funds, after going into a local Branch for a print out, of that and a voided check.
The Banker showed me the transaction.
It came in with no funds attached.
My first payment is due next week and I haven’t received the funds.
The customers wire was sent from our bank and was received by customers bank. It is upto the customer’s bank to release the funds once received.
Revdex.com:
I have reviewed the response made by the business in reference to complaint ID, and have determined that this does not resolve my complaint. For your reference, details of the offer I reviewed appear below.
I talked to Chase Bank again today and they said the loan money was sent and sent back on July 13th to Lendumo with no explanation.The Wire Transfer Number is ***.The money was not credited to my account.I’ve gone to the branch in person too, and they showed me the transaction and I sent Lendumo a copy via Email.I have a payment due Friday, but I still haven’t received the money.What should I do when both as far as payments?se type your response here.]
Regards
Customers wire returned with R13 (RDFI not qualified to participate). The wire returneddue to the customer using a Chase Secured Checking account, which does not accept wiretransfers. Lendumo does not fund Chase Secure or Chase Liquid Accounts.Customer is still eligible to loan, but she will need to verify another applicable checkingaccount.
[A default letter is provided here which indicates your acceptance of the business's response. If you wish, you may update it before sending it.]
Revdex.com:
I talked to an Operations Manager at this company and she apologized to me about the way the transaction was handled.
I have reviewed the response made by the business in reference to complaint ID, and find that this resolution is satisfactory to me.
Regards