American Web Loan Collections

Who is American Web Loan, Inc.?

American Web Loan, Inc. (AWL) is a tribal lending entity wholly owned by the Otoe-Missouria Tribe of Indians, based in Stillwater, Oklahoma. As an online lender, they primarily focus on providing payday loans, a type of short-term, high-interest loan intended to cover a borrower’s expenses until their next payday.

If AWL is listed on your credit report as a collections account, it suggests that you have taken out a loan from AWL and have failed to repay it according to the agreed terms.

Is American Web Loan legit or a scam?

American Web Loan is indeed a legitimate lending institution. Established in 2010, they have been in operation for over a decade, providing short-term loan solutions to consumers. However, it’s essential to verify any debts they claim you owe before making any payments.

How can I remove American Web Loan from my credit report?

Collections can hurt your credit score and remain on your credit report for up to seven years, regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.

However, it is possible to remove a collection account from your credit history before seven years.

(While debt collectors may not want this information to be widely known, it’s your right to be informed.)

Professional credit repair services work with people who want to get their credit back on track.

In addition to collections, they can help you to challenge other inaccurate, unfair, or unsubstantiated information on your credit report. These items include inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.

Get started on the path to better credit today: Fill out the form for a free credit consultation.

American Web Loan Contact Information

Address:

American Web Loan
3910 W 6th Ave
Stillwater, OK 74074

Phone number: (877) 860-7171

Should I contact or pay American Web Loan?

Before contacting a collection agency, verify that the debt is legitimate and accurately reported. Sometimes, credit reports contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock. As a result, it could harm your credit rather than improve it.

The most effective way to deal with American Web Loan is to work with a credit repair professional. They help remove millions of negative items every year from companies like American Web Loan on behalf of their clients.

Will American Web Loan sue me or garnish my wages?

Lenders like American Web Loan (AWL) have the capacity to sue borrowers for unpaid debts. If AWL wins the lawsuit, they may obtain a court order that could lead to wage garnishment.

However, the decision to sue often depends on various factors, such as the size of the debt and the cost-effectiveness of pursuing legal action. Before resorting to a lawsuit, AWL would likely make numerous attempts to communicate with the borrower and try to arrange a repayment plan.

American Web Loan Complaints

Most collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most consumer complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you find yourself facing any of these situations with American Web Loan, you should also consider filing a complaint.

You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). These rights include the ability to dispute credit reporting errors and to be treated fairly and respectfully by debt collectors.

Your Rights When Dealing with American Web Loan

Debt collectors must abide by state and federal laws in the United States. For example, the Fair Debt Collection Practices Act prohibits a third-party debt collector from using abusive, unfair, or deceptive practices. In addition, it provides you with many rights to ensure that collection agencies don’t take advantage of you. In particular:

• It is a violation of federal law for American Web Loan to report inaccurate or incomplete information about you.
• You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
• American Web Loan may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
• American Web Loan must be honest about who they are and what they are attempting to do. They must notify you that they are a debt collection agency both orally and in writing.
• American Web Loan cannot threaten to have you arrested or imprisoned over unpaid debts.

Remove American Web Loan From Your Credit Report Today!

Credit Saint can assist you in disputing American Web Loan collections. With years of experience at their disposal, these professionals have a proven track record of effectively removing incorrect entries for countless clients.

If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.

They have helped many people in your situation. Fill out the form on their website or give them a call at (855) 281-1510 for a free credit consultation to see what they can do for you.