Can Big Picture Loans Sue Me, You Probably Didn T Know These Five Facts About Student Loans
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Avoid at all costs i made the mistake of taking a loan out with these scam artists i was approved for a 60000 loan but only borrowed 35000.
Commercial construction loans colorado. Big creditors dont sue over small debts. I got a loan from big picture loans for 70000 xxxxxxxx. I paid the complete principal back to them plus about an additional 30000 in interest by early xxxxxxxx.
Big piocture loans big picture loans llcpo box 704watersmeet mi 49969phone. The collection letter claims that you will be sued for the 28437 you owe the xyz credit card company but the odds that they will sue are extremely small. Big picture loans is a duly licensed financial services licensee of the lac vieux desert tribal financial services regulatory authority an independent regulatory body of the tribe and operates in accordance with the lac vieux desert band of lake superior chippewa indians tribal consumer financial services regulatory code which can be found here.
First time borrowers can expect an apr between 350 to 699 which is much higher than many states allow. Tribal consumer financial services regulatory. A creditor isnt going to risk not recovering the 2000 it must pay to a collection attorney to sue you over a 28500 debt.
They cant sue you. If they ask you for money and disturb you after repaying the principal amount then make a complaint against them to the states general attorney. And while big picture loans lowers rates for repeat borrowers it never drops below a high 35.
The plaintiffs say they were unlawfully charged over 600 interest on loans from the defendants. Payday loan debt issue. Tribal consumer financial services regulatory.
In some cases creditors or debt collectors can sue you for past due debts. If you have aid the principal amount then dont worry. This company is red rock lending it goes and has gone under multiple names castle payday and has now changed its name to big picture loans.
Big picture loans is a duly licensed financial services licensee of the lac vieux desert tribal financial services regulatory authority an independent regulatory body of the tribe and operates in accordance with the lac vieux desert band of lake superior chippewa indians tribal consumer financial services regulatory code which can be found here. Big picture loans is upfront about its rates and it isnt cheap. After a certain amount of time however debt is no longer legally enforceable.
But you can do a lot against them. These are the tricks they use to frighten the consumer. Big picture loans llc ascension technologies inc and six individuals are facing claims that they used a native american tribe as a front to protect their allegedly illegal lending scheme from state and federal regulations.
You can borrow between 200 to 3500 for a term of 4 to 18 months. Consent provided consumer complaint. This company is a complete scam.
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