Reply by American Web Loan

American Web Loan provides short-term installment loans, which are different from other forms of short-term credit offered by tribal lenders and other companies serving the needs of everyday Americans. We take customer service very seriously. Customers may discuss comments or concerns by calling us at 877-860-7171.

We are also happy to provide suggestions to accelerate repayment as American Web Loan encourages all customers to repay loans as quickly as possible. Feel free to contact us, or contact a qualified financial professional for more information.

American Web Loan takes fraud very seriously. We work with local, regional, and national law enforcement to identify those who defraud our company or consumers, and hold them accountable.

Thank you and please contact us at 877-860-7171 with any questions.
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68 comments

AWL is a tribal lender. These types of payday loans that are located on Indian territory are nothing to be worried about. They incorporate themselves on sovereign lands to get around the state lending laws. This way they are free to charge the ungodly interest rates that they do.

However, it is a two-edged sword for them. This same indemnity and sovereignty that they hide behind also makes it impossible for them to collect on their loans. These Indian payday loans are illegal loans and unenforceable. That means you don’t have to pay them back! And there’s nothing they can do about it. It's as if you got a payday loan in Mexico, there is nothing they can do to you here.

Any type of “collection” action on their part is just hot air and empty threats and should be considered harassment. Even several state attorney generals have told their residents to not repay any loans from these illegal tribal payday loan companies.

Knowing this, me and my wife have taken out a few of these “loans” from these hustlers just for the free money. One of which has paid for our recent cruise. Can't beat free money!

Reason of review: Not as described.

I liked: Free money.

I didn't like: That their blood suckers.

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Anonymous
#1552153

Payday Loans and Small loans are regulated differently based on the state you live in. The following resource will guide you on what recourse you have based on the state you live in.

http://www.ustatesloans.org/info/pdl-laws-and-acts.html Most states have usury laws that cap interest rates under 36%. Companies like OneMain Financial follow the usury laws but will take the rate to the maximum allowed by law. {{Redacted}} Lending companies try to get around the law by implying that state laws don't apply to them and therefore charge astronomical interest rates. No state attorney general or state judge is going to buy that argument that is why the predators will not pursue you in court or report you to the credit bureau's.

Just have proof they violated the law in your state and threaten them that you will take them to court or actually take them to court. I paid them back the principal and the 30% interest allowed in the state of New Jersey and then stopped paying them altogether. They tried to offer settlements of 60% of remaining debt and I just ignored them. They now have transferred the rights to the loan (legally or illegally) to Green Mountain Capital out of Colorado and are sending a local credit collection agency after me.

I am asking for validation of debt from collection agency to see if they cough up the original agreement and terms of contract. Doubt they will and that used end it.

If not, I will go after collection agency for violation of debt collection laws NJ Rev Stat § 2C:21-19 (2013) section d. Unlawful collection practices.

Anonymous
#1552123

In the state of New Jersey please refer to the following state statute: NJ Rev Stat § 2C:21-19 (2013) a.Criminal usury. A person is guilty of criminal usury when not being authorized or permitted by law to do so, he: (1)Loans or agrees to loan, directly or indirectly, any money or other property at a rate exceeding the maximum rate permitted by law; or (2)Takes, agrees to take, or receives any money or other property as interest on the loan or on the forbearance of any money or other interest in excess of the maximum rate permitted by law.

For the purposes of this section and notwithstanding any law of this State which permits as a maximum interest rate a rate or rates agreed to by the parties of the transaction, any loan or forbearance with an interest rate which exceeds 30% per annum shall not be a rate authorized or permitted by law, except if the loan or forbearance is made to a corporation, limited liability company or limited liability partnership any rate not in excess of 50% per annum shall be a rate authorized or permitted by law. Criminal usury is a crime of the second degree if the rate of interest on any loan made to any person exceeds 50% per annum or the equivalent rate for a longer or shorter period. It is a crime of the third degree if the interest rate on any loan made to any person except a corporation, limited liability company or limited liability partnership does not exceed 50% per annum but the amount of the loan or forbearance exceeds $1,000.00. Otherwise, making a loan to any person in violation of subsections a.(1) and a.(2) of this section is a disorderly persons offense.

b.Business of criminal usury. Any person who knowingly engages in the business of making loans or forbearances in violation of subsection a. of this section is guilty of a crime of the second degree and, notwithstanding the provisions of N.J.S. 2C:43-3, shall be subject to a fine of not more than $250,000.00 and any other appropriate disposition authorized by N.J.S.

2C:43-2b. c.Possession of usurious loan records. A person is guilty of a crime of the third degree when, with knowledge of the nature thereof, he possesses any writing, paper instrument or article used to record criminally usurious transactions prohibited by subsection a. of this section.

d.Unlawful collection practices. A person is guilty of a disorderly persons offense when, with purpose to enforce a claim or judgment for money or property, he sends, mails or delivers to another person a notice, document or other instrument which has no judicial or official sanction and which in its format or appearance simulates a summons, complaint, court order or process or an insignia, seal or printed form of a federal, State or local government or an instrumentality thereof, or is otherwise calculated to induce a belief that such notice, document or instrument has a judicial or official sanction. e.Making a false statement of credit terms. A person is guilty of a disorderly persons offense when he understates or fails to state the interest rate, or makes a false or inaccurate or incomplete statement of any other credit terms.

f.Debt adjusters. Any person who shall act or offer to act as a debt adjuster without a license as required by P.L.1979, c.16 (C.17:16G-1 et seq.), unless exempt from licensure pursuant to that act, shall be guilty of a crime of the fourth degree.

Anonymous
#1548370

Is this true. I didn't read all the fine print (lesson learned) and I got 2000.00.

They want over 900.00 a month for repayment.

That is crazy. What will happen if I don't pay?

Anonymous
#1496949

We took a loan out 1 month ago 1600 we are paying 177 wee until paid I thought they said 12 weeks we just found out 12 months ,we are very upset ,we were trying to get it paid so we could take it back out for vacation ,now we can't go on vacation ,we don't know any other loan places to help we have not great credit

Anonymous
to Anonymous #1548158

Try Affirm

Anonymous
#1474357

Can they take money if you delete banking information from your account.

Anonymous
to Anonymous #1515872

It is fixed when u first applied, no matter if delete on website. You have to get with them or stop payment at your bank for a fee

Anonymous
#1472202

I tried to sign into their page with my information and it says login information incorrect but I want to cancel before they send money I don’t want it

Anonymous
#1466791

I keep getting calls from a “lawyer” named Cathy Green saying I owe “1200+ for AWL. I paid more than that and finallychanged my account.

This was 2+ years ago and now this lawyer keeps calling me non stop.

Well it’s a recording. I have repeatadly asked for her to send me documents in the mail and nothing ever comes.

Anonymous
#1465413

He is correct that you don't have to pay it. The terms of the loan that you agree to on the phone are NOT the actual terms they end up charging you.

Put a stop payment in place at your bank and send them a cease and desist letter notifying them that you know the loan is fraudulent and to stop all further communications with you.

They will call you for a while but then they give up. Just keep blocking each new number when they try to contact you.

Anonymous
#1464116

Question. Where is this information coming from? They can sue you in a civil court for this and they will win if you agreed of the terms and conditions.

Anonymous
to Chris #1487971

Where is your information coming from

Anonymous
#1445968

What a filth ball if you owe a bill pay it you take out a loan with a ridiculous rate thats your fault as a consumer this guy is probably happy he filed bankruptcy as well shame on you your making america worse instead of making it great again thanks jag off.

Anonymous
#1441783

They scared us saying we were going to court and we ended up coughing up $1024. Can i stop payment and disputed with my bank as a scam?

Anonymous
#1432067

i got a call and a text saying to take my belongings out of my car because they were going to confiscate/reposess it

Anonymous
to Anonymous #1432112

lol these people are so stupid they would say anything. what they take out of your bank account wkly is only interest.

You either pay the whole thing at once, or pay a large amount because what ever number they withdraw from your account wkly is only interest. Its not going towards the principal.

Anonymous
to Anonymous #1438498

So did u pay your loan back

Anonymous
#1427680

Is this true I borrow 800 and u been making payment of $174 every two weeks and my amount never go down what shoukd I do.

Anonymous
to Carol #1430877

stop the ACH withdraw from your bank. find out if they are illegal in your state.

Anonymous
to crook awl #1441543

How do I find out if they are in the state I reside in?

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