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Car Loan, LLC Sovereign Lending Solutions LLCTitle Loan America Moved to Cook Islands to avoid U.S. rules Roratonga Cook Islands
Soverign Lending Solutions LLC is now dowing business as Car Loans LLC and moved their offices from Boca Raton, FL to the Cook Islands of New Zealand to avoid compliance with U.S. laws, rules and regulations. Their previous website of www1.titleloanamerica.com is no longer functioning, but they still use the same contact number of 888-277-4818 and 855-221-3282.
This is still a predatory company and needs to be shutdown. Do research online and you will find so many complaints and comments about this company and their services and actions. They need to be shutdown.
1 Updates & Rebuttals
Consumer Advocate
chapel hill,North Carolina,
Sovereign Lending Solutions loses membership with Chippewa Indian Tribe and immunity
#2Author of original report
Sun, November 09, 2014
My loan with Sovereign Lending Solutions, LLC was secured illegally through deceptive and predatory lending practices. I accepted an auto title loan on 6/28/2013 via an internet website from Title Loan America that I learned is actually Sovereign Lending Solutions, LLC doing business as Title Loan America. To date I have paid a total of 7,712.16 for a loan amount of 2,800.00 that is more than 250% compounded interest rate which exceeds the usury rate of 36% permitted in North Carolina. Have been told by several representatives that the loan remains legal although their offices are located outside the USA because the company has sovereign immunity through the Chippewa Indian Tribe and that if I did not continue to make payments they would repossess my car. I have learned that Auto Title Loans are Illegal in North Carolina and the NC Secretary of State does not have any record of a registered entity approved to operate a business in the state under the names of Car Loan, LLC, Sovereign Lending Solutions, LLC or Title Loan America and I have also received written notification that Sovereign Lending Solutions, LLC, dba Title Loan America, doing business at E23698 Pow Wow Trail, P.O. Box 698, Watersmeet, MI has been dissolved by consent of the member pursuant to Chapter 5, Section 22(A)(2) of the Lac Vieux Desert Band of Lake Superior Chippewa Indians Business Entity Ordinance, as of September 15, 2014. I have filed a formal complaint with Attorney General, Department of Justice and was informed that North Carolina is currently investigating the practices of Sorvereign Lending Solutions, LLC.