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Dakota lending installment payday loans?

Discussion in 'Payday loans' started by FreeLoader, Jan 2, 2016.

  1. FreeLoader

    FreeLoader New Member

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    How would you rate Dakota Lending, on a scale from 1 to 10?
    I know the offer loans starting at $300 and go up to $950, their fees are pretty much the same as other tribal lenders' (from $20-$30 / $100), and I haven't found any negative reviews about them just yet.
    What do you think?
     
    Mike Dunbar likes this.
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  2. Lory76

    Lory76 New Member

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    I do recommend them, however if you need more money, you should probably apply elsewhere.
    Dakota lending is OK though. The 20% bi-weekly rate sounds great, seeing how most tribal lenders will charge a lot more than that
     
    Mike Dunbar likes this.
  3. david05

    david05 Guest

     
  4. david05

    david05 Guest

    Dakota lending is a rip off. They will not allow you to pay off the loan based on the anount you borrowed. They will offer you a payoff amount based on the duration of the loan. and give you a rate reduction. for example if you borrow $750 and you need to make payment arrangments on the loan. they will make you pay 60% of the loan as if you carry the loan out to full term including interest which would be $4400 they will give you a rate reduction of 60% which you will pay $2200 on a $750 loan. Even if you only owe them $900 including interest they will prorate the pay off through the end of the loan term.They take no other payment methods but ACH draft from your checking account. Please avoid them at all cost. They will not provide a physical location of their business. They avoid following federal regulations and correspondence with fedeal regulators.
     
  5. Kathy

    Kathy Guest

    I applied for a loan and wala! I was approved for $750.00 through My Loan Site. I did not see any agreement. Did not sign my name, but finally a form popped up with a font signature of my name agreeing to their terms. After I saw the payout amounts, 226. every two weeks for 20 weeks. A total of over $4700.00 for loaning me $750.00??? Outrageous!!! I don't know what to do as I didn't have a printer to print the form, now I can't find it on the website. I don't have a password so I can't see anything. I called and talked to a woman and told her they must have figured it on 3000 a month instead of 2,000. (that's the only choice they give, they don't ask any further questions). That's a big difference betwee 2000 and 3000! So now I won't be able to pay my car payment because their interest eats me up. I don't know what I will do now. Just stay away from Dakota Lending and My Loan Site. THey are both the same.
     
    Mike Dunbar likes this.

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