One case produced real relief for Mobiloans borrowers. Relief in this industry is almost always limited to loans taken inside a specific window, and the settlement sites that would let you check are usually gone. The dates below decide whether it reaches you.
Does it cover your Mobiloans loan?
- In re Think Finance / Gibbs v. Rees covers Mobiloans loans made before May 6, 2017. By the same dates, a loan made on or after May 6, 2017 is outside it.
Mobiloans dates to 2012 and is still lending. The date that counts is the origination date printed on your loan agreement — not when you last paid.
The Think Finance settlement and a circuit split on arbitration
Mobiloans cash advances taken before May 6, 2017 were covered by the $44.53 million Think Finance class settlement (part of roughly $1 billion in aggregate Think Finance relief), including debt forgiveness and tradeline removal.
Two appellate rulings now pull in opposite directions on whether its arbitration clause binds you: the Second Circuit's Gingras decision (2019) called tribal arbitration clauses unconscionable, while the Eleventh Circuit's Dunn v. Global Trust Management (2024) held the Tunica-Biloxi arbitration provision enforceable. That circuit split means the answer can depend on where you live.
Note also that defaulted Mobiloans accounts are sold to the debt buyer Global Trust Management.
The cases
In re Think Finance / Gibbs v. Rees
settlement~$1B total relief; $384M CFPB distribution
After Think Finance’s 2017 bankruptcy, settlements delivered roughly $1 billion in aggregate relief across Plain Green, Great Plains Lending and MobiLoans — cancelling pre-2016/2017 loans and deleting tradelines. The CFPB later distributed $384 million to 191,000 borrowers.
✓ Produced relief for borrowers
What to do if you are still being collected from
- Check your loan date first. Relief in this industry is bounded by a window, and the boundary is where people lose. A Mountain Summit loan from February 2021 was not cancelled while its sister brands' were; a Lac du Flambeau loan after 1 October 2023 falls outside the $1.4 billion Fitzgerald cancellation.
- Check your state before you negotiate. In nine states, loans above the rate cap are void — nothing is owed regardless of the contract or any settlement. See where tribal loans are void.
- Do not pay to make it stop. A payment can restart the statute of limitations on a debt that may already be unenforceable. It is the most expensive reflex in debt collection.
- Demand written validation within 30 days of first contact: the original agreement, the full payment history, and proof the collector owns the debt. Chains of sale on tribal loans are frequently incomplete.
- Revoke ACH authorization in writing — to the lender and, separately, to your bank. Telling only one of the two is the common mistake.
Our full walkthrough is in how to get out of a tribal loan, and can tribal lenders sue you covers what they can and cannot actually do.
Frequently asked questions
Is there a lawsuit against Mobiloans?
Yes — In re Think Finance / Gibbs v. Rees (Bankr. N.D. Tex. + E.D. Va.). Outcome: ~$1B total relief; $384M CFPB distribution. It did produce relief for borrowers.
Do I still owe my Mobiloans loan?
Possibly not — In re Think Finance / Gibbs v. Rees produced relief covering Mobiloans. Check the loan dates on this page: relief in this industry is almost always limited to a specific window. Outside it, your state's rate cap decides — in nine states these loans are void and nothing is owed.
Can I claim money from a Mobiloans settlement?
A claims process existed at thinkfinancesettlement.com. Check whether it is still open — these sites are decommissioned once distribution completes, and several in this industry are now blank pages.