This mailer appears to promise a debt consolidation loan.
The reader sent the mailer through my I Buy Junk Mail program.
The mailer makes it seem as if the United States government is interested in pushing lending through “organizations like Sovereign Funding.”
The company claims to have some affiliation with HUD by using their logo and an A Rating with the BBB.
It isn’t till you read the fine print on the back that you learn the company claiming to send this mailer is actually MEC Distribution which is owned by the Three Affiliated Tribes of the Fort Berthold Indian Reservations.
It seems like a similar effort of tribal lending that some states have taken exception to and filed suit against.
The envelope has the postal permit 1297 from Sacramento, CA on the outside and lists processing number 3348343843.
Sovereign Funding claims to be located at:
312 Main Street
New Town, ND 58763-4001
800-343-2008 – Source
This appears to be the street view of that address.
According to the BBB the actual listing is not for Sovereign Funding but for MEC Distribution, LLC. The company has been a BBB accredited business since July 18, 2013 and currently has an A+ rating. The BBB states the company also does business as Continental Lending.- Source
According to the list of licensed lenders in New York, where this mailer was sent, MEC Distribution, Sovereign Funding, and Continental Lending are not currently listed for some unknown reason.
This offer was able to be reviewed because a kind reader sent it in via my I Buy Junk Mail program.
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