Mitig Capital Reviews (%countItem)
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Mitig Capital Rating
Address: PO Box 301, Lac du Flambeau, Wisconsin, United States, 54538-0301
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This business does not have a way to show how much of your loan is paid off. The website only has a balance of how much I still owe, and when my next pay day will be. I've made four payments of 220.21 on a loan of 700.00 and my balance has not gone down at all, in fact the balance keeps getting higher. I wanted to pay of the rest of my loan to get it done but I have to wait for my pay days and by the time those come they have again changed the balance to a higher rate up to past 1000.00 every due date. I know they are doing this so customers like me can not pay it back. How is a business allowed to change how much you owe to a higher rate? I've paid them what I owe and don't want any money back I just want to be done with them and their unfair practices for good.
Please see attached that includes:
Although not obligated to do so, as a courtesy, the Company has closed the subject account.
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 has very shady practices in regards to payments made on my account. I was approved for a $850 loan when I was in a bind for paying bills. However, there has been no record of my payments made on their website and my account balance has not reduced!!! Upon further research of my state's law, payday loans are illegal and ALSO the interest rate they are trying to impose are WAY above the maximum interest allowed on a small loan is 2.75% per month or an annual rate of 33%. I am filing a complaint in regards to business practice that is predatory against loan practices of being able to track payments made on the account
The Company trusts that the complainant will find this response satisfactory. However, if he is not satisfied withthe Company’s resolution of this matter, pursuant to Section 10 of the Tribal Consumer Financial Services RegulatoryOrdinance, which can be found at ***, he may pursue formal dispute resolution with the Tribal Consumer Financial Services Regulatory Authority (“Authority”). To do so, he must send a written request to the Authority at***. The request must contain the information required by Section 10 of the Tribal Consumer Financial Services Regulatory Ordinance.
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 am requesting for a payoff amount for the remainder of my loan balance, in accordance with *** personal loan interests rates. I am refusing to pay the over-inflated interest rate classified under the tribe.
Regards
I borrowed $550 dollars that was supposed to be split up between 4 payments. This is what I agreed to but they have been dishonest about the interest rate! I am horrified.
Please see attached that includes:
The complaint took issue with the cost of the loan. The Company issues loans in accordance with the Tribe’s TribalConsumer Financial Services Regulatory Code and it is licensed under Tribal law. The customer’s loan agreement providedthat it would be governed by the laws of the Tribe, without regard to the laws of any state. The interest and fees applicableto the loan are permitted by Tribal law. They were accurately and clearly reflected in the loan agreement that thecustomer signed before receiving the loan. The customer also received the TILA Disclosure, listing the payment amountsand payment dates required under the loan agreement. The Company has abided by the terms of the loan agreement.As such, the Company will not be closing the account.If the customer would like to discuss a potential payment plan, she should call the Company at 1-844-388-0500.
There is no transparency in regards to payments made on my account. I have paid double what is owed, but yet when I login to my account the balance is not reduced. I am filing a complaint in regards to business practice that is predatory against loan practices of being able to track payments made on the account.
Please see attached response that includes:
Although not required to do so, as a courtesy, the Company is willing to waive the outstanding principalbalance and close the subject account.
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. The resolution I accept is the account is considered paid in full. The original principal balance plus 3 times the principal balance in interest has been paid according to my bank records. Again, the account website for Mitig Capital does not show any payments credited to the account.
Regards
I was informed that I qualified for $975 and that it would be deposited into my account within the next few days before reviewing a contract. I was unable to find the contract and received nothing in my email. Finally I was able to find documents through the website online and realized that I would have to pay $5,500 back due to my interest being so high. If I would have known this ahead of time I would have never agreed to this loan. This business should have provided APR before sending the money, now I have to pay extra for legal help.
Please see attached response
The complaint took issue with the customer not having access to his loan contract prior to signing. In order to receive the loan funds, the customer is required to review his loan document and electronically sign the agreement. 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.The Company is willing to close the account as long as the customer returns the remaining principal balance of $646.26. The customer can contact one of our Customer Service Representative’s at *** and we will gladly assist in setting up the arrangement.
I borrowed from this company under the good faith that they would abide by both the payment schedule and their claim that loans can be paid off early with no penalty, on May
Please see attached that includes:
Although not required to do so, as a courtesy, the Company has closed the subject account. It will consider theaccount as paid in full and it will waive the outstanding balance.
I’ve borrowed 600 from this company. I’ve been paying this since March of 2018. The settlement is unfair I paid more than what I borrowed. Now I find myself in the back track on my bills because of this. I’ve paid more than what I borrowed. Please close my account.
Please see attached that includes:
Although not required to do so, as a courtesy, the Company has closed the subject account. It will consider theaccount as paid in full and it will waive the outstanding balance.
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
Took out a loan when in a bad position financially, but was not aware of the 700% interest rate. I am expected to pay over $10000 after taking out $1225. 20 payments at $536 each?! MA, they state I live in has strict laws against companies and payday loans are not allowed. I did not know this until doing research on the laws regarding interest rates. I feel prayed Upton. While in a tough spot financially, this has done nothing but make my position worse. I ha e tried to reach out via email and my email was kicked back as undeliverable. I just want to lay and interest rate that is rate and legal.
Although not required to do so, as a courtesy, the Company has offered and the customer has accepted a payment plan.
I am a 61 y/o widow who had to get a car repair in order to return
To work before my FMLA was up after having total knee replacement.
I filled out application at dealership and immediately they called
me to say I was approved and first payment is $158. 60 beginning
February 1, 2019. I have made 9 payments in this amount. Every other week they debit my account. That is approximately three times the amount of the loan. I am now unemployed and emailed them asking them to accept what I have paid and close my account with no response. They do not send you the details of the loan and the unethical interest rate they charge until after the fact. In my opinion hiding behind their tribal laws is unethical and takes advantage of people needing a small loan in an emergency. I have emailed them to let them know I am not working as I said and no response. I will not have the funds to repay the $4K they want for a $500 loan. They apparently don’t have any customer service ethics since they cannot contact me in reply to my email to them.
Please see attached:
Although not obligated to do so, as a courtesy, the Company has closed the subject account. The Company will
consider the account paid in full and it will waive the outstanding balance.
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 borrowed a $1000 in December of 2018. I paid 301.59 every paycheck for an estimate of $3015.90. I attempted to settle the debt for a reasonable amount. The only offer was to spread out payments of $283.45 over a five month period. When viewing my account online there is no detailed payment history, or information on how my payments are applied to the loan. The unwillingness to offer a fair an reasonable settlement when I have paid triple what I borrowed is dirty and ridiculous.
Please see attached which includes:
The complainant claimed the Company was not willing to enter into a settlement with her. That is not thecase. The Company believed it reached a resolution with the customer in March.
Although not obligated to do so, as a courtesy, the Company has closed the subject account. The Company willconsider the account paid in full and it will waive the outstanding balance.
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 called Mitig to discuss my terms but the offices were always closed; I sent a email to the [email protected] onIy to have it bounce back. Now I am pissed and feel duped so I did some research and I have recently come to understand that under the laws of the state of California in which I am currently doing business with your company; My original loan amount should not have exceeded more than 38% in interest and I should have only owed you $1173 on my original $850.00. Had I borrowed more than $2500 then the interest rate that you are charging is completely acceptable, and your terms would have been honored with no questions. However I did not borrow more than I could pay back, and I have repaid more than double of what I borrowed, $1794.45 so I am requesting that you cancel all remaining payments and mark me as paid in full and my agreement with you has been fulfilled. I have called my bank and requested that no further payments be withdrawn from my account.
Thank you!
Please see attached
Although not obligated to do so, as a courtesy, the Company has closed the subject account. The Company willconsider the account paid in full and it will waive the outstanding balance.We would be happy to discuss these issues further, but, again, please be advised that nothing in thiscommunication should be construed as a waiver of the Tribe’s or the Company’s sovereign immunity, all of which areexpressly preserved.
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.
Regards
On the 11th I went to Finder.com to find a company that could give me a payday loan so that I could ensure a special payment arrangement to keep my car insurance active went through. Finder.com said Mitig had approved my loan for $925 dollars with a payment amount of ~$279 due my next paycheck. There was no contract information or anything of the sort. Assuming my loan would be paid off in 4 payments, I agreed and was told the money would be in my account on the 13th.
The 13th rolls around and the money is in my account but there is still no loan documents or anything of the sort. After searching for Mitig's website, I attempted to log in and found that they'd made me an account and that was where the loan documents I was never shown were stored. Upon viewing them, I then found out they had used shady tactics to rope me into paying them over 5500 dollars thanks to an outrageous 664.9% interest rate.
I truly believe that they have violated the Truth in Lending Act. I was not shown my APR, the amount of payments required to pay it off, nor the total cost of the loan. The info they provided me was a payment of $278.97, to be paid on the 23rd, and an approved amount of 925 dollars. I would never have agreed to the loan had they followed the law and showed me what my APR would have been. I intend to follow up in small claims court if a solution can not be reached.
Good Afternoon,
Attached please find our response.
The account has now been closed.
Best Regards
This company preys on people in desperate need of Payday loans. They offer you a loan and don't inform you you of the APR, nor the amount of payments required to pay it off. They simply inform you of the amount you're approved for, the due date, and the amount due. You think okay, I'll have it paid off in four payments, no. It's actually 20 payments and you pay over 5 times the amount.
Companies like Mitig and other unsecured lenders prey on the vulnerable and destitute. They charge outrageous APR. Often over 500%. They hide behind Native American sovereignty laws (rent-a-tribe). Never use this or any other "short term" lender.
I was in need of cash to get me out of a jam and borrowed $975.00 from MitigCapital, I agreed to pay them every 2 weeks from my checking account in the amount of $294.05. After 5 payment of that amount which round up to $1,470.25 I called them to say I have exceeded the payment of what I owe by $495.25,the very rude costumer service rep told me that I still owe them another 15 payment of the $295.05. I was shocked because I already pay off the loan.
I will not pay a dime more because these people are praying on the poor just because you are desperate and taught they were coming to your rescue. I understand that you have to pay interest but come on for you to pay $8,822.05 on a $975.00 loan that's ridiculous.How can these people sleep at night doing this to hard working Americans who fall on hard times and just need to get back on there feet,where is there heart.there's no word to explain how upset I am right now.They should be sending me money back, I look at my account too late.I had to pay $35 dollars to my bank to stop payment on this madness
This responds to the above-referenced complaint. This inquiry related to a loan from Mitig LLC dba Mitig Capital(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. However, 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 complaint took issue with the cost of the loan. 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 the TILA Disclosure, listing the payment amounts and payment dates. As such, the Company will not be issuing a refund. Although not obligated to do so, as a courtesy, the Company has closed the subject account. The Company will consider the account paid in full and it will waive the outstanding balance.
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 is a rip off. Borrowed $500 in order to repair my car so I could get back to work. The terms are not sent to you until after the loan is processed. We are in the United States and I feel that they should be governed by their laws, not hiding behind tribal law! This is unethical. I’m a widow who had an emergency and had to use them and a $500 loan is going to cost me $4K at least. I was made to leave a star rating. I had to give one but really didn’t want to give them even one star
I was trying to get a loan for only $300.00, after applying a loan let me know there was a loan who approved me name Mitig Capital. I was so excited because I'm thinking WOW $300 can help me more than ever. After I was approved by them it showed $975.00 I was like even better I can pay some bill and get things done around.my apartment. I called the customer service tue next day just to see how it works and was told by a customer service representative who wasn't so nice told me to make sure I pay on the interest because my payments go out to 20 months. So I asked her again and her attitude was dry, unconcerned and seem irritated with me because I kept asking her questions. My conclusion is this 8s stealing and I'm n9t happy with this situation. I'm a woman in Christ and I serve a Big and Mighty Powerful God. This shall pass, No Weapons Form Again Me Shall Prosper. He will work it out for me. I just want pay this off without interest and be done with your loan service. And you talk about they stole from ancestors (land, money) but you're doing the same thing. Think about it.
This responds to the above-referenced complaint. This inquiry related to a loan from Mitig LLC dba MitigCapital (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. 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 complaint took issue with the cost of the loan. 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.Although not required to do so, as a courtesy, the Company would like to offer a discount to the customer. The customer received a loan in the sum of $975.00 and she has made payments totaling $557.94. If the customer repays the principal amount loaned to her, which would require a payment of $417.06, the Company will close the account and waive any outstanding interest. The customer can either (1) call the Company at 1-844-388-0500 to set up a payment plan or(2) mail a cashier’s check or money order for the sum of $417.06 to the Company’s address below:
Mitig LLC PO Box 301Lac du Flambeau, WI 54538We would be happy to discuss these issues further, but, again, please be advised that 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. Please direct any future communications through our legal counsel:
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 place is a complete joke. Dont ever get a loan from them. They will rip you off.
Do not ever ever ever borrow money from these people. They are rip-offs I borrowed $1,000 and I had to pay over $1,300 in interest in less than a month.
This company has given me multiple excuses now about why they haven't received my payment. Just excuses to keep increasing my balance by the day. The first payment that was supposed to be automatically drafted supposedly could not be drafted from my account. I did not receive any communication about it even though I sent them an email about the payment not being taken out of my account. When I called, they claimed that they called and my voice mailbox was full.I clear them regularly so I can't confirm that's true. They claimed that the automatic draft was unable to process due to reasoning that I still do not understand. The next scheduled payment was successful with no changes made to any bank info. I scheduled an "extra" payment so that I could get my balance lowered and reduce the interest charges at least by a small amount. Two days later, payment still had not been taken out of my account. I had not received any notifications from them so I called again. I was again told that they payment did not go through (even though the Friday before, 3 days prior, payment was successful). I was told that from this point on I have one payment option and that it paying by money order or check. They also claim it will take TWO WEEKS for them to get my check. All ways to make sure they can charge as much interest as possible. This company is a rip off and a fraud.
This responds to the above-referenced complaint. This inquiry related to a loan from Mitig LLC dba MitigCapital (the “Company”), which is owned by the Lac du Flambeau Band of Lake Superior Chippewa Indians (“Tribe”).1 The Company takes these types of inquiries very seriously.The complaint claimed the Company was failing to process loan payments to increase the amount of interest accruing on the customer’s loan balance. That is not the case. The Company attempted to process a loan payment as originally instructed by the customer, but the ACH attempt failed. The Company spoke with the customer about the issue and explained other methods for making payments. To address the customer’s concerns, even though not obligated to do so, the Company will freeze the customer’s loan balance at the amount of the current outstanding principal balance ($299.37). If the customer pays the sum of $299.37, the Company will close the account. The customer can either (1) call the Company at 1-844-388-0500 to set up a payment plan or (2) mail a cashier’s check or money order for the sum of$299.37 to the Company’s address below:***We would be happy to discuss these issues further, but, again, please be advised that 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. Please direct any future communications through our legal counsel: *** 1 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., 677F. Supp. 2d 1056, 1061 (W.D. Wis. 2010) (holding that entities acting as arms of a tribe are entitled to tribal sovereign immunity). 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 trusts that the complainant will find this response satisfactory. However, if she 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-Consumer- Financial-Services-Reulatory-Ordinance.pdf, she may pursue formal dispute resolution with the Tribal Consumer Financial Services Regulatory Authority (“Authority”). To do so, 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.Kindest regards
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