081313 - INTERNET ALERT -- Tunica-Biloxi Tribe of Louisiana dba Mobiloans, NATIVE AMERICAN TRIBE ONLINE PAYDAY LENDERS The California Department of Business Oversight (DBO) has received complaints against Mobiloans. It appears that this entity is offering payday loan services within the State of California.
The California Department of Business Oversight normally personal loan reliance consumer finance and regulates Payday Lenders doing business in California under the California Deferred Deposit Transaction Law (http:test-www. dbo. govLicenseesPayday_LendersDefault. asp). But due to the fact that Mobiloans claims to be wholly owned by the Tunica-Biloxi Tribe of Louisiana, the entity asserts that it is not subject to regulation by the California Department of Business Oversight and that only the United States Government has jurisdiction over federally recognized Indian Tribes and their business activities.
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Late Payments Hurt Your Credit Score. Please be aware that missing a payment or making a late payment can negatively impact your credit score. To protect yourself and your credit history, make sure you only accept loan terms that you can personal loan reliance consumer finance to repay. If you cannot make a payment on time, you should contact your lender immediately and discuss how to handle late payments. 100 percent online payday loans.
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