Unlicensed Payday Loans
The Washington State Department of Financial Institutions (DFI) received a report alleging that MobiLoans, LLC, provides payday loans to consumers via the internet.
The company is not licensed by the Washington State of Department of Financial Institutions. The company is not registered to do business in Washington by either the Department of Revenue or the Washington Secretary of State.
MobiLoans, LLC has been associated with the following address, website, and telephone number: 164 Yuroni Trail, Marksville, LA, 71351; mobiloans.com; and (877) 836-1518. It appears MobiLoans, LLC is a owned and operated by the Tunica Biloxi Tribe of Louisiana as a limited liability company organized under the laws of the Tunica Biloxi Tribe of Louisiana, a federally-recognized Indian Tribe. As a result, MobiLoans, LLC may not be subject to the DFI’s jurisdiction.
DFI strongly recommends that consumers deal only with those lenders that are properly licensed to conduct business. Consumers can determine whether lenders are properly licensed using the “Verify a License” feature on the DFI’s website at www.dfi.wa.gov/consumers/findcompany.htm.
Payday Loan Debt Collection Laws
Collection activities are subject to the federal Fair Debt Collection Practices Act. Therefore, if you have questions regarding debt collection laws please contact the Federal Trade Commission at 1-877-FTC HELP, or online at www.ftc.gov.
Debt collectors cannot state or imply that failure to pay a debt is a crime. They cannot call before 8:00 a.m. or after 9:00 p.m. They cannot harass or abuse consumers, or contact consumers’ places of employment.
If you are suspicious of unlicensed activity by a payday lender please contact the DFI at 1-877-RING-DFI (746-4334), or online at www.dfi.wa.gov.
If you feel you have been the victim of a loan scam please contact the Federal Trade Commission at 1-877-FTC-HELP (382-4357), or online at www.ftc.gov.
If you feel you have been the victim of a loan scam involving the Internet please contact the Internet Crime Complaint Center online at www.ic3.gov.
If you feel you have been the victim of a loan scam and are concerned about your personal financial information, contact your banking institution, and the three major credit bureaus.