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Is American Web Loan a Legal Company? – Tommie

By on March 15, 2012

I became involved with an online cash advance company called American Web Loan. I set up payments for the loan to be paid back. It wasn’t explained to me that the payments made would not cover the principle. Every payment only covered the interest. I notified the company who then explained to me that the payments only covered the interest and that after 3 payments of interest, then the interest + an extra $30 would be taken out until the payment is paid. I borrowed $400. by the time it is paid I believe it will be close to $1000 paid. I want to know is this legal? Is American Web Loan a legal company? What recourse do I have? I have asked my bank to stop payment until I can figure out the answers to my questions.

I want to know is this legal? Is American Web Loan a legal company? What recourse do I have? I have asked my bank to stop payment until I can figure out the answers to my questions.

This is your chance to be a hero and help out this person by providing your feedback and answer to the question in the comments section below.

Dear Tommie,

I visited their website at and it is not clear where the company is actually located.

Do you have any paperwork that has a mailing address on it?

There is this curious statement on their site that says, “Please be advised that you are accepting the terms of your loan subject to the Otoe-Missouria Tribe American Web Loan Act and under the authority of the Finance Services Regulatory Commission established under the Act.”

Please post your responses and follow-up messages to me on this in the comments section below.

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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.


  1. anonymous

    March 30, 2012 at 1:32 pm

    Hello All. I am a previous employee of AWL which used to operate under the name LoanPointUSA. AWL is not licensed to lend in any state, except for the state in which their rent-a-tribe is located which varies between Ponca City and Red Rock, OK.  Their main operations building however, is located at 6950 W 56th Street Mission, KS 66202 (913) 825-1200. If you speak with someone in regard to a complaint, they will say “We do not have to abide by your state laws.” I have seen people who have defaulted on loans, get money taken from their accounts on Christmas eve after applying on a totally different website. I personally don’t think it’s legal and if you would like to file a complaint with the attorney general of your state I would be more than happy to assist you. 

    • Wes

      April 24, 2012 at 7:33 pm

      Anonymous, I’m wondering if I could speak to you about a loan my mom has with AWL. She borrowed $700 and ended up paying back somewhere around $3200. I had no idea she did this or I would have surely told her not to !  Im wonderinf if I leave you my email, could you contact me, I have some questions. Thanks for taking time to help everyone on here. wes58 at   

      • Dee

        May 20, 2012 at 1:10 pm

        how was awl able to pull out of your account if you apply with another pdl lender. the best thing too do is close account

    • Ddowlen Dd

      October 1, 2012 at 8:26 pm

      Hello all, I have also dealt with AWL and they continue to take out of my account and I still owe the same amount from 4months ago!! I had no idea it wasn’t paying back but only tha interest!! Please help cause its affected my other bills I have to pay. Thanks Lady D

  2. Tommie Slade

    March 16, 2012 at 12:06 pm

    Hi Steve, here is the address that was given to me: 

    522 N 14th Street, Box 130Ponca City, OK 74601

    • Steve Rhode

      March 16, 2012 at 12:53 pm

      I just did a search with the Oklahoma Secretary of State office and it could not identify a company registered in the state of Oklahoma under the name American Web Loan.

      I’d now give the company a call back and ask them to negotiate with you to put together a reasonable and balanced repayment plan for this debt.

      You might want to bring this recent FTC ruling to their attention if they will claim they are operating under Tribal law as their site appears to claim. See

      • Tommie Slade

        March 23, 2012 at 11:48 pm

         thanks Steve!!! CutiePie, did u see this answer?

  3. Tommie Slade

    March 15, 2012 at 9:12 pm

    Hi Steve, actually they handled everything over the phone. I received no mailing address or paperwork. I thought that was strange. All they do is pull from my checking acct which I have put on hold. I wanted to find out if they were legal or not.

    • Steve Rhode

      March 15, 2012 at 10:29 pm


      Since you have an account with them can you please call their customer support and ask them for their physical address for me.

      • Cutiepie3794

        March 16, 2012 at 11:58 am

        There address is 522 N 14th St PO Box 130 Ponca City, Ok 74601

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