What is Fox Hills Cash?
Is Fox Hills Cash Legit ? Fox Hills Cash is an online lender that provides short-term installment loans to individuals in need of quick cash. It is a subsidiary of the Wakpamni Lake Community Corporation (WLCC), a tribal corporation owned by the Wakpamni Lake Community under the Oglala Sioux Tribe.
Is Fox Hills Cash a legitimate company?
The legitimacy of Fox Hills Cash is questionable. While it operates under the laws and regulations of the Wakpamni Lake Community, there are significant concerns about its business practices. The company has received numerous negative reviews and complaints from customers and is facing a class action lawsuit for alleged illegal lending practices.
What are the main concerns about this site?
The main concerns about this site include:
- Unsolicited Communications: Customers report receiving unsolicited calls and emails from the company, even if they never applied for a loan.
- Excessive Interest Rates: The company charges high interest rates and fees, with some loans having an APR of around 780%.
- Customer Service Issues: Customers have reported difficulty obtaining refunds or resolving problems with their loans.
- Authenticity and Scams: There are concerns about the authenticity of the company and potential scams.
Has this site faced any legal issues?
Yes, it is facing a proposed class action lawsuit. The lawsuit alleges that the company’s owners are behind an illegal “rent-a-tribe” scheme and have issued loans with unlawful interest rates to residents of Illinois. The lawsuit also claims that Fox Hills Cash has operated under several other names, such as Fast Day Loans, Bison Green Lending, Explore Credit, Good Loans Fast, and Rapid Loan.
Does Fox Hills Cash comply with state laws?
Fox Hills Cash claims to operate under the laws of the Oglala Sioux Tribe. However, it does not have a license from the state of South Dakota, where it is based. The lawsuit alleges that its lending practices violate the Illinois Predatory Loan Prevention Act, which prohibits non-bank entities from making loans with interest rates exceeding 36% to Illinois residents.
Should I borrow from this site?
Given the significant concerns about Fox Hills Cash, it is recommended to exercise extreme caution when considering borrowing from this lender. Thoroughly research alternative, well-established, and licensed lenders to ensure a safe and reliable borrowing experience.
What should I do if I have already taken a loan from this site?
If you have already taken a loan from Fox Hills Cash and are experiencing issues, consider the following steps:
- Contact Customer Service: Attempt to resolve the issue directly with the company’s customer service department.
- Dispute Charges: If unsuccessful, consider disputing the charges with your credit card company or bank.
- Report to Authorities: File a complaint with the appropriate consumer protection agencies if you believe you have been scammed or subjected to illegal lending practices.
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