March 2017

Sun Mon Tue Wed Thu Fri Sat
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31  




Feed You can follow this conversation by subscribing to the comment feed for this post.

Thomas Hagen

I'm glad that they are no longer in business with a interest rate at 600% and doing loans in states that are not legal or not license in that state.

kimberly adkins

Is this for Gentle Breeze pay day loans

Native American Lender

Hi Thomas, it's no surprise that this company has gone out of business. All short-term lenders charge too much in finance charges. Plus there are so many other options out there. CashNetUSA (not a Native American lender) and Mobiloans (they are a tribal lender) both have substantially lower rates. Why Lending Booth, and others like them, have such high rates is beyond me. I have actually called a lot of these companies and spoken with the managers, the reason (or excuse) they usually provide is that they experience such a high default rate among their borrowers. Supposedly the only way to cover those losses is to charge the (super) high rates on all of the loans. Now whether that's true or not, we'll never know because none (as in zero) of these companies are publicly traded and therefore have no disclosure requirements on their profits or losses.

Native American Lender

Hi Kimberley, the answer to the question about Gentle Breeze is "no" Lending Booth is not (was not) the same as Gentle Breeze. They are both based out of the state of California but that's about the only similarity. Gentle Breeze is a tribal lender based out of Boulevard, California. Lending Booth is (was) based out of a town called Ukiah, California. They are not the same organization. Thanks so much for asking.


I owe them a loan but site is down and I can't get into my account. As of Auig 30 they informed me they are no longer able to deduct from any bank account so therefore I should wire a MO (western Union) .WU WILL NOT WIRE ANY MONEY TO THEM BECAUSE THEY ARE NOT LISTED AS A REGONIZED BILLER. THEY WILL NOT ACCEPT A CHECK. SO ARE THEY ADDING LATE CHARGES OR WHAT.I HAVE STOPPED PAYMENT FROM MY BANK ALTOGETHER.DON'T WANT THEM TO WITHDRAW a large fee without me knowing.AM WAITING FOR SOME KIND OF BILL FROM THEM.

Native American Lender

Hi Dee,

Right, what's happening is the New York Attorney General is coming down on these tribal lenders with threats, injunctions, etc. They are also coming after financial firms like banks and Western Union to try to stop them from working with the Native lenders. Here are two things to consider with Lending Booth: 1) The company is probably not going to remain in business. Between the competition they face from other tribal lenders and the hammer coming down on them, they are most likely done for. 2) Lending Booth does not work with any of the Big 3 credit agencies, so this loan (your loan) exists in a bit of a vacuum, in the world of "regular" finance this loan doesn't exist. So between the fact that this company is probably going to vanish and the fact that they have no capabilities to report you to the big credit may just want to consider the fact that you are not able to repay (with all of the trouble, WU being turned off, etc.) as a sign that you shouldn't work with this company anymore. Maybe just pretend the loan never happened. They will send letters and they will call you, they might hire some agency to call you or write you a letter, but in the end they can't do anything.

California Loan Guarantee Program

Hey! I could have sworn I've been to this site before but after browsing through some of the post I realized it's new to me. Anyhow, I'm definitely delighted I found it and I'll be book-marking and checking back frequently!

unsecured personal loans bad credit

Every weekend i used to visit this web page, as i wish for enjoyment, since this this website conations genuinely good funny material too.

Good Bye Lending Booth

Thanks on youг marvelous posting! I truly enjoyed reаding it, you may be a great author.I will be sure to bookmark your blog and wіll often cоme back sοmeday. I want to encourage that you continue your great writing, have a good afternоon!

Goodbye Lending Booth

Thanks for writing this honest article about Lending Booth, someone had to say this. Very good and I'm glad they are finally out of business hopefully forever.

plain green loans scams

Thanks for ones marvelous posting! I genuinely enjoyed reading it, you can be a great author. I will make sure to bookmark your blog and may come back later in life. I want to encourage you to definitely continue your great writing, have a nice morning!

Frank Morgan

Lending Booth is closed there is no maybe about it. The company doesn't accept new loans and they are only working through the customers that already have loans outstanding from before they went out of business.


Lending Booth doesn't appear to closed, Lending Booth is closed.

Richie Larner

Making a lender give you a loan isn't easy normally but it is with these tribe guys. Lending Booth is still open for people with accts you just can't get a new account now for some reason.


I am extremely impressed with your writing skills as well as with the layout on your weblog. Is this a paid theme or did you modify it yourself? Anyway keep up the excellent quality writing, it is rare to see a great blog like this one nowadays.

Gold Option Broker

Hi, the whole thing is going perfectly here and ofcourse every one is sharing information, that's truly fine, keep up writing.


Hi, I never applied for a loan with Lending Booth and they some how got all my information and deposited money into my bank acct. early last year. I closed that bank acct and now I received a 1099Tax Form with Cancellation of Debt on it. I can not find a telephone number to speak with someone about this matter. Can anyone help?


Not sure if the tax 1099 tax form is real.

Notes On Loans That Were Not Requested

Hi Sonya, thanks for the comments! I am not surprised about them (Lending Booth) or some affiliated lender depositing money into your checking account. A bunch of lenders were doing this, especially in 2012 and 2013, and maybe it's still going on although I think it's slowed down now.

I would say that there is no reason to repay the money. I have spoken with a few people where this happened, especially from people that received loans from a "company" called which was a total scam operation. They get your personal and checking account information from some lender that you did apply with, and that lender in turn sold your information to other more pathetic lenders. Then one of those lenders just deposits money into your checking account and just declares (although they do so silently) that you now have a loan with them. It's ridiculous and it is not legal at all, in any way, shape or form.

You did the right thing by closing your checking account. And as far as the 1099 Tax Form for cancellation of debt I would completely ignore that form. If and when the IRS notices you received this form they will look at the lender / company source and then it will just go into the garbage can of history because the IRS will know that this lender is labeled as garbage. The IRS, US Treasury, the Consumer Financial Protection Bureau, the US Justice Dept, they all have many of these junk (both state licensed and Native American) lenders pegged as such. Dozens of states have all kinds of warnings against tribal lenders.

The IRS will not take any action (inquiry, audit, etc.) against you for having "business dealings" with a predatory / illegal lending operation. The same goes for all the state revenue agencies. No one will care about this.

And in the million to one shot that they do ask about it, just explain the truth, that an illegal lender just dumped a loan into your checking account with no legal foundation, no signature or agreement. They will accept that and go away. But that's going to happen because the revenue service(s) will spot the garbage nature of the lender in question.


I also received a 1099 for cancellation of debt. I actually had a loan and it was paid completely off. The only proof I have is a copy of the check and an email titled proof of final payment that was sent to lending booth. They are saying that they cancelled out 672.00 that I didn't pay which isn't true. I've called the IRS several times and have only been informed that I have to submit an amendment to my taxes. I'm not sending another red cent for this but don't want to get in trouble with the IRS. Are you saying that I shouldn't worry about this because they know it's bogus? Little Elk Corporation seems to be affiliated with Lending Booth but I can't find ANY information on this company. The IRS can't even tell me if the FEIN number is legitimate! Please help!!!!

Notes on Tribal Lenders

Hi Malissa, it's the right thing to do. Little Elk / Lending Booth / all (or at least the vast majority) are known to the IRS as junk outfits that are not legitimate. You got the 1099 form because the low grade tribal company is smart enough to realize they don't want to get into trouble with the IRS themselves. But that doesn't mean that they are legit in their dealings with their customers, because they are scammers all the way.

Just ignore the 1099 and don't bother building it into your tax return. The IRS will not care about this junk 1099 form when the review your return. It will be a non-factor and go into the night.


I took a loan from them and I've tried calling them to repay it back. So what other options are there if I can't pay them?


I have a loan out with Lending booth and I tried calling them and couldn't get through. What should I do?

Thomas hagen

One is do not pay them contact your state attorneys general office and file a complaint against them they cannot collect money from you because they had illegally done in the state that you live in

The comments to this entry are closed.