National Small Loan Reviews (%countItem)
National Small Loan Rating
Address: PO Box 632, Lac du Flambeau, Wisconsin, United States, 54538-0632
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I received a email from this company, stating that I applied for a small loan $500.00 and that I was approved.
I have never reach out or filed an application fro a loan and never heard of this company. I have tried several attempts to contact them and also email to explain, that I'm a *** a victim of Identity Theft and my email has been compromised. These people finally answered and I explain what happened. young man stated he will contact their main department and report my issue. I have then received a email stating I need to give my full name and social security number or phone number to find this file. I explained that you will not receive my social security number and I gave them my phone number.
The Company received a loan application in the complainant’s name. The complainant states thathe/she did not apply for a loan, however. If the complainant believes he/she has been the victim ofidentity theft, he/she can provide the following to the Company to further investigate: (1) A completedidentity theft report, which can be found at the Federal Trade Commission’s website,*** or a police report outlining the alleged identity theft; and (2)proof of identification, such as a copy of a driver’s license, a copy of a government-issued identificationcard, or social security number.
The information can be sent to ***. If the customer has any additionalquestions, he/she can call the Company at ***.
The Company cancelled the loan application and it did not issue a loan as a result of theapplication.
They change the terms after sending you money. Cannot be reached and unwilling to work with you.
I took out a loan of $500 in July 2017. I have made 2 payments of 309.13 each. I'm told that to pay off the loan I owe $772.63 for 10/3/19 If I don't pay this off the payments will be as follows:
10/03/2019 $309.13 11/04/2019 $309.13 12/03/2019 $309.13 01/03/2020 $309.13 02/03/2020 $309.13
03/03/2020 $309.16 which will be a total of $1,545.65 by the time this loan is paid off. The loan was for $500.00
isn't this highly unethical and possibly illegal. I would never have made such an agreement had I been given all the facts regarding repayment I am retired, disabled, receiving only social security in the amount of 1,434.00 a month.
Please see attached that includes:
Although the terms of the loan were clearly outlined in the loan agreement that the customersigned, as a courtesy, the Company will reach out to the customer with an offer to resolve their loan.
I have sent them a check to closeout the account. Thank you for your help. If I were to continue paying them 303.00 a month till next year I would have had to pay 1500 for a 500 loan at 60% interest. Which was not made clear to me when I took out the loan.
I obtained a $400.00 loan through National Small Loa?n?s. I never received a loan agreement nor did I agree to monthly payments. I received a congratulatory email from them about the $400 and that they would be deducting it from my checking account in April of 2020. On September 11th, they deducted $264 from my checking account. I never agreed to these payments. I never saw an agreement outlining these payments because I would never agree to them. I stopped these withdrawals with my bank and they reversed the $254 to my account. Immediately National Small Loan started hounding me for the money. I told them O never saw a loan agreement or agreed to one. They mustered up a loan agreement that was supposedly electronically signed by me. I bribe this is a false agreement. I never saw this. They are deceitful in their practices because they think they can do what they want because they work out of an Indian reservation. This does not allow them to pry on people and deceive them into Loa?n?s. Their interest rate is over 700.00 which I believe is against the law. Their practices needs to be investigated and they need to come forward with the proper documentation prior to providing a loan. Lo
The Company sent an email on 9/25/19 explaining the legal structure of the loan agreement andthe loan resulting from the agreement. In that email, the Company offered the customer a settlement.The customer did not accept that offer.
Although not required to do so, as a courtesy, the Company will reach out to the customer withanother offer to resolve their loan.
The customer can call the Company at *** if there are further questions or concerns
I contacted National small Loan on July 9th to get a loan, they approved me for a $500 loan. There was no information given by the original specialist about the 60% interest rate. After I had received the money, on July 20th, 2019, I had tried to pay off the loan. Was told I was to keep paying my scheduled payments of $318.66 for the next 8 months. I have made two payments of $318.66 on time, and have requested to pay off the loan in full as of September 19th, 2019 and was told the pay off amount would be $784.05! I have tried to contact them to negotiate the payoff quote and have been given the run-around. They state there is not a supervisor on the floor, and they will reach out to me when they are available. This puts my loan and money in jeopardy! the longer I have to wait for them to contact me the higher my loan will be. I am done playing nice and would like to cancel my debt with them completely from here on out!
Although not required to do so, as a courtesy, the Company will reach out to the customer withan offer to resolve their loan.The customer can call the Company at *** if there are further questions or concerns
I took out a small loan of $500. I have paid $958.00 to date and they claim I still owe $670ish dollars. This is the epitome of usury but allowed as they hide behind the mask of “tribal sovereignty”. It should be criminal for a company to extort your bad luck/financial situation Buyer beware!! There are better local payday lenders that adhere to state laws.
Do not borrow from them!
It has been a week and no response. Per Oklahoma State Consumer Credit they are not a registered lender for my state and thereby illegal lender. I’m requesting account to be paid in full as well as request a refund above principal amount borrowed of $500, for a total refund of $457.95.
Before borrowing from this company check your state registry of approved lenders. Avoid those that hide behind the fraudulent guise of “tribal lending”.
When I signed for a $200 loan with this company, I did so knowing that the loan was far less than ideal. I went into the loan fully aware of the extremely high interest but decided to take the loan anyway, so I won't complain about that, HOWEVER, for the life of me, I cannot understand the measures I had to take to close out the loan.
1. I spoke to someone at the company to schedule a payoff of the remaining balance only to discover 3 weeks later that the arrangement had not been made and that only the minimum payment was scheduled. Not exactly what I wanted to hear when I waited 3 weeks to pay out the loan.
2. The customer portal mysteriously wouldn't allow me to request a payoff. There appeared to have been payoff options on the portal but they're all shaded out.
3. I telephoned the company 4 times over the course of 5 hours and each time was only able to get an answering service or receptionist. They did offer me a customer support email address.
4. I sent 3 emails over the course of the day and finally one person responded. After conveying to that person via email my intent to payoff the loan, they went silent. No responses after that.
5. On the 4th telephone call, a receptionist supposedly heightened the urgency of my request and straight-up promised that someone would contact me very soon. I had not heard from them at the time of this complaint.
Getting the loan was easy, forking over the payments was even easier but for reasons unbeknownst to me, the company does a very poor job of following through when you want to pay off the loan. Somehow, I think there may be a strategy behind holding these loans open.
This company should be shut down. I was never told that the interest on this loan was 853.6%!!!!! So on a 500 loan the finance charge is 1900.00!!! Oh my gosh!! That is unbelievable! I am on a fixed income and I had an emergency and needed the money. I asked numerous times to be sent the agreement but never recieved it. I also told them that with the credentials they gave me I couldn't sign on to the web site. Now I am getting phone calls that are threating me that they will file fraud charges. FRAUD!!!??? These people should be charged with fraud! And I thought they couldn't threaten anything over the phone. I never agreed to these rates and I wouldn't. Not on my social security. I feel so lost because I have no one to help me against this company!
Although not required to do so, as a courtesy, the Company will reach out to the customer withan offer to resolve their loan
A loan was received by National Small loan in the amount of $500. I did not know at the time that this company can not do business in NC due to the predatory practices of crazy interest rates. To date I have repaid the principal balance and then some. Any attempt to call the company to resolve this issue has been unsuccessful. In my opinion I have paid the principal in full and a reasonable amount of interest on the loan.
Although not required to do so, as a courtesy, the Company will reach out to the customer withan offer to resolve their loan.
Got a small loan through Midaaswi, LLC DBA National Small Loans for $300.00 to date 9/10/19 I have made 7 payments of $146.59 biweekly. To date I have paid back $1,026.13 with a balance of $1,319.72 still owned for a total of $2,345.85 on a $300 loan. I have found that : (1) My account on their website DOES NOT show how much of the payment has gone to interest or principle or a place to see my loan agreement showing the interest rate it only shows amount due and payment history/payment due dates. (2) Midaaswi, LLC DBA National Small Loans is not licensed in North Carolina under the The Industrial Loan Division which is responsible for licensing and regulating the small loan industry under the provisions of the North Carolina Industrial Loan Act. (2)The interest rate, which is unknown to me as I have on agreement to look at, is above Georgia law The law states for small loans as: 8% per year when rate not specified; higher than 8% must be in writing. This loan is a predatory at best and is in violation of North Carolina state law by not being licensed in the state and is charging interest rate above the legal limit as stated above from the North Carolina State Website.
Please see attached that includes:
Although not required to do so, as a courtesy, the Company will reach out to the customer withan 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 13825128, and find that this resolution is satisfactory to me.
Regards
National Small Loans is a business that overcharges people of my Status. I got a loan of $600 from them which they're asking for $2500 back in returns. I tried to contact them on numerous occasions not to submit a payment for August $250.52 because I didn't work in July yet they did so causing an over draft in my bank account.
Although not required to do so, as a courtesy, the Company will reach out to the customer withan offer to resolve their loan.
I was approved for a $500 loan on 8/29/19. I’ve asked repeatedly for information regarding interest rate or payment plan but have received nothing.
The customer received a TILA disclosure that outlined the amount and date of each paymentrequired under the loan agreement. *** is more than willing to reach out to customer directly witha more detailed explanation of how *** loans work, either over the phone or by email, or both.*** will also gladly send customer another copy of her loan agreement if she so desires.
The customer can call the Company at *** if there are further questions or concerns
I recently took out a small loan of $500. I have made 2 payments of $146. Based on the information I had I was aware that it was a high interest loan. I called Today to pay the loan off in full and they tell me my pay out was $676. The first payment I made Only $2 went towards the principle. And only $3 for the second.This is HIGHLH unethical and illegal as I am In Washington DC and it is way above the max interest rate allowed.
Although not required to do so, as a courtesy, the Company will reach out to the customer withan offer to resolve their loan.The customer can call the Company at 1-*** if there are further questions or concerns.
I had filled out their Application and had sent email more then once to cancal never signed the Application and I have Received more then ten emails in a 2 hours Period I also Received a letter on my email so I was Denied for the Application when I called they said it was because I cancalled it but why would u tell a customer that they were Denied when the customer cancalled their Application I have the email if the Corporate office would like to see the email that tells me I am Denied which would mean they run my information without my signature and didnt Actually cancal my Application when I asked to speak to a Supervisor I was told the only way to speak to a Supervisor was to email them which I have Received emails saying to put my fall name and last4of my ssn in and I have with thereason and never did I get a Response from a person
Please see attached that includes:
The Company received a loan application in the complainant’s name. Applicate advised us tocancel the application. A cancellation confirmation email was sent to applicant at the time of thecancellation. Later, the denial email was sent in error.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 reject because I don't think it was sent in error as their reps told me that is their Cancellation letter that they send all Customers when they cancel the loan application.
Regards
I inquired about a $500 loan and when I spoke to the representative it was never mentioned that the interest rate would be as extreme as it was. In fact, the rep told me if I paid it off in 2 week it would only be $5 above what I paid. Well, they auto drafted my first payment of 146.00 then 2 weeks later another 146.00. I called to pay off the loan assuming I would owe around 300 and they told me my balance to close the account over 600.00. I immediately asked for a supervisor and sent an email. This was their email response.
Although not required to do so, as a courtesy, we would like to offer you a settlement to resolve your account. Your current balance is $2,052.67 which consists of $494.16 principal and $1,558.51 interest. We are willing to remove the interest and late fee reducing your balance due to the principal amount only, $494.16.
This is not satisfactory to me, The interest rate they are charging is predatory. The $300 I paid already only took my balance down 5.84.
Please see attached that includes:
Over the life of the loan, the customer has successfully made multiple payments and there hasbeen regular communication with the customer regarding making payments. As a courtesy, even thoughnot obligated to do so, we have closed your subject loan and will consider it paid in full.
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 took a loan out for $600 I have paid $963.60 to date. I reached out on August 19th to request a payoff date and was told that I would need to pay an additional $736.37. So for a $600.00 loan they are asking me to pay $1700 as an early payoff? That is insane. I have already paid $363.60 in interest as of today. Do not do business with this company!!!
Although not required to do so, as a courtesy, the Company will reach out to the customer withan offer to resolve her loan.
OK THIS COMPANY FAIL TO COMPLY WITH ME . I RECENTLY LOST MY SISTER *** LAST WEEK AND I JUST RECENTLY RETRIEVE HER PHONE AND IAM ON HER BANK ACCOUNT AS HER BENEFICIARY SO THE BANK CONTACT ME SAYING IT WAS SOME FRAUDULENT ACTIVITY GOING ON WITH HER ACCOUNT. SO I WENT TO THE BANK TO CHECK IT OUT AND THEY WAS SAYING ITS THIS COMPANY USING DIFFERENT LOAN ID NUMBERS TO DEBIT HER ACCOUNT SO I PUT STOP PAYMENT ON EVERTHING TO SEE WHAT WAS THE PROBLEM AND I CONTACT THEM TO GET PAPER WORK TO SEE IF THEY LIGIT. AND TO SEE IF THEY RESIDE IN GA .AND WHY THEY USING DIFFERENT LOAN ID NUMBERS .BUT THEY FAIL TO COMPLY SO THE BANK TO ME TO CONTACT Revdex.com AND THE ATTRONEY GENERAL.
The Company takes these types of inquiries very seriously and would like to provide you withthe below information.
The complainant inquired about a loan that someone else may have received from the Company.The Company cannot disclose information about such a loan unless the complainant provides a power ofattorney or other documentation illustrating the customer has authorized disclosure of information tohim. The Company asks that the complainant provide that information by sending it to ***, so that the Company can further respond to the specific inquiries.
Got a small loan through Midaaswi, LLC DBA National Small Loans for $300.00 to date 8/10/19 I have made 21 payments of $43.80 per week, To date I have paid back $919.80 with a balance of $526.58 still owned for a total of $1446.38 on a $300 loan. I have found that :
(1) My account on their website DOES NOT show how much of the payment has gone to interest or principle or a place to see my loan agreement showing the interest rate it only shows amount due and payment history,payment due dates.
(2) Midaaswi, LLC DBA National Small Loans is not licensed in Georgia under the The Industrial Loan Division which is responsible for licensing and regulating the small loan industry under the provisions of the Georgia Industrial Loan Act. This statute limits loan amounts to consumers not to exceed $3000 and a period not greater than 36 months, and 15 days.
(3)The interest rate, which is unknown to me as I have on agreement to look at, is above Georgia law The law states for small loans as: 7% per year when rate not specified; higher than 7% must be in writing; maximum 16% where principal is $3000 or less; no limit on rate if loan is between $3000 and $250,000 and must be in simple interest in written contract.
This loan is a predatory at best. and is in violation of Georgia state law by not being licensed in the state and is charging interest rate above the legal limit as stated above from the Georgia State Website
Please see attached that includes:
Although not required to do so, as a courtesy based on the amount repaid by the customer todate, the Company will close the subject account and consider it paid in full.
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
Excessive charge on interest rate.
Although not required to do so, as a courtesy, the Company would like to offer the customer adiscount. The current principal balance of her loan is $484.48. If she pays the sum of $484.48 to theCompany, the Company will close the subject account and waive the outstanding interest. The customercan either (1) call the Company at *** to set up a payment plan or (2) mail a cashier’s checkor money order for the sum of $484.48 to the Company’s address below:
These people contacted ME for days with a PRE-APPROVED loan offer. They harassed me for days to submit ALL my personal info. Bank statement, check stubs, drivers license...etc. They kept sending me documents with the agreement to sign, which I refused because the bank info was incorrect.
So all of a sudden, I get a denial email out of the blue. I literally have 10 emails with "please sign the agreement" with the agreement attached.
I believe they collected my info for nefarious reasons! As I have been on my job for 5 years, make over 55K, get direct deposit etc. Mind you the loan was for $500 dollars!! Please investigate them!! I have put monitoring on my credit report!!