Arrowhead Investments - Are they dependable?

im am responding to all the emails that i am reading about on this website. i too took out a 300 dollar loan and it is costing me over 1200.00. According to the loan contract they were to take 390.00 out to repay but every other week they were withdrawing 90.00 from my account. I ask them not to take any more money out to just send me a statement and i was told that they had to take it out of my account. I called my bank and they said that anytime you give some one access to your account they can take any amount they wish. I stop my money from going into the account but kept the account open you have no ideal how many time the tried to deduct from my account not the 390.00 that should have been taken out according to the contact but 90.00 and i have a lot of overdraft fees because of this. I work in the Medical field and i had a person to call me yesterday telling me it was going to cost me $20,000.00 dollars and represent them self as the law and even gave me their badge number and hung up on me. Then i came it to work this morning and one of me co worker said whats going on a office kelly bailey called and said she was going to have some one come in and arrest me. I called her immediatley. Now they want $775.00 and i am to call her tomorrow morning at 9:00 AM Sharp. She stated that she was with the FBI and i never got the information to Western Union the money. Now this information is all over the office where i have worked along time. Oh there is more that was told between Roy Campbell and Kelly Bailey

Tamara

Call your bank and talk to the fraud department and tell them that you want to put a hold on your account because someone got ahold of your account information. They cannot refuse to put a hold on the account since the account number is now compromised. I've had to do the same thing. When you put a hold on the account, no payments can be taken out....money can only go in. I currently have a hold put on my account and my paychecks and any other money can go in but no one, not even myself, can take money out at all. It doesn't matter how they are taking the money out, a hold on the account will stop everything except for deposits.

I am having horrible times with them over-deducting my account.......... contact # is 866-376-**** for those who need to contact. Was also 24hourpayday.com as well.

Phone number removed for your personal safety - Mike

I just spoke with someone from ArrowHead also and I am glad I check into as well. The original loan I got from them was for 300.00 and the lady I spoke with told me the principle was not paid yet so I still owed 390.00 but they had debited my account five times for 90.00 each. After explaining this she put me on hold and came back on and told me that her supervisor said to consider it paid off. I am very happy that this message was posted because of I had not called they would have kept taking money from my account. PLEASE PASS THIS ON TO ANYONE THAT IS THINKING ABOUT USING ARROWHEAD COMPANY FOR ANY LOANS.... SCAM SCAM SCAM... BBB SHOULD BE CONTACTED

My nightmare began this morning when I man called my home (10 times back to back I might add)and spoke to my 8 year old daughter. My daughter told this man with a VERY thick Indian accent that I was not available he proceeded to tell my 8 year old that her mommy was going to go to jail and that the police were coming to the house to arrest her mommy and she would never see her again. My daughter was TERRIFIED! She came to me frantic and in tears. The person called back and I spoke to him and he rattled off alot of legal jargon and used the scare tactics that you all have mentioned. He told me that I needed to western union over $700 in the next two hours or I would be taken off to jail. He also threatened to call my employer. He treatened to tell my employer that I was a fraud and committedc check fraud and that I would be fired on the spot and than they would have me arrested at my job. He clearly had me rattled until he said to me that if I didnt have the full amount of money he would use his OWN debit and pay it for me... that is when I started to feel better because come on now... he was going to take it from his own debit card. YEA, OK! I do have a payday loan and I admit that I owe them... but all of these threats can not be legal. I will pay them what I owe them and that is ALL. I can't help but still feel uncomfortable and a little scared. The company that I worked for when I took out the loan went bankrupt and I was out of work. I have been fortunate enough to find another one and my BIGGEST fear is that these horrible people will find out what company I work for now and call them and tell them all of this crap and my company will believe them and I will lose my job. I am very scared of that happening. Can anyone help me... I did pull my old sprint bills and was able to find the original phone number that I used when I initially took out this loan and I plan on calling them first thing Monday morning. But I am still very scared of the possibility of me losing my new job.

If anyone out there has any information for me to help me out of this scam PLEASE HELP ME!

One more piece of information... the Supervisor's name that I was given by the man with the thick Indian accent was also Roy Campbell... how as well had a VERY thick Indian accent. How strange is that.

debt collectors are not allowed to: contact you before 8:am and after 9:00 pm.
They are not allowed to call your family members and your work. They are not allowed to threaten you or use statements that are not true.

Here is an email I sent to Arrowhead:


And the response:




IT CAN BE DONE!!

yes there email is cs(at)arrowheadinvestment.com

The same company keeps threatening criminal charges because they claim I stole the money. I try to pay after they tore my bank account apart and I can'r open another one. Can they really persue me criminally?

Yep........PDL's can be a nightmare. I think it's illegally, for ANY PDL to contact your family. That was horrible to read. 'Collectors', for PDL's, will use ANY tactics, to have you pay the very high, ILLEGAL, % rate, they set for their 'loans'.

ARROWHEAD INVESTMENT,INC
32 WEST 200 S. SUITE 350
SALT LAKE CITY, UT 84101
PHONE 866-355-7308
FAX 866-379-7667
JUST GOT OFF THE PHONE TO PAY THEM OFF THIS FRIDAY

I've heard BOTH 'sides' on this forum (please corret me if I'm wrong). Arrowhead Collections..are they a PDL company or a CA? I don't know if I'm 'clear' on which ones they are.

can you please tell me my balance

can you please tell me my balance

Thank you for this site and this information. I have a loan with Arrowhead (it is the last of the PDL's I have left!).

Thanks to you I now see that they are in violation of Alaskan law and will be faxing them a letter calling for an end to my loan contract with them. I have paid $810 on a $300 loan since December. Alaska has limits on loan charges and you can only extend the loan twice before it is to be paid off.

Thanks for the info and for giving me the courage to take these swindlers on!