Arrowhead Investments - Are they dependable?

I have recieved calls from a CC calling themselves AFFIDAVIT PROCESSORS, claiming that I have PDL's with Arrowhead Investment Corp., and B&L Marketing. I have no idea who they are, nor can i find ay information about either of these companies, but the CC is trying to get me to Western Union them $2999.99, immediatly, or they are going to have me arrested at 8:00pm tonight. I've asked them to validate this, but they tell me to pay first, then they will release all information they have. WHATEVER!!!!! I believe that it's a scam.

I am having trouble finding information on Arrowhead Investments as well. I found a company online <www> but I don't think it is the same company. I too had two payday loans I got online and they are still taking money from my account. I am trying to find out what my remaining balance is so I can pay them off. I used my work email address for the loan and I no longer work there so I am not receiving their emails. If anyone finds out contact info for this company that shows up as arrowhead investments on my bank statement - I would greatly appreciate it. The payday loans are horrible things to get into - they have already charged me about $2,000.00 for the $200.00 I borrowed.

I found two addresses for them
This one was on the envelope when they sent my loan docs in the mail awhile ago.

Arrowhead Investments, Inc
32 West South suite 350
Salt Lake City, UT 84101

This address is from the Better Busines Bereau
1219 Lydia Ave
Kansas City, MO 64106

Phone number is 1-866-355-7308
Fax Number is 1-866-379-7667

You should check the Payday Loan laws in your state, make sure you haven't over paid and are not entitled to a refund.

If you can't get in contact with them, I suggest you stop payment on those transactions and they will probably try and contact you once they get the rejection.

I just recieved a phone call from arrow head investments telling me that the authorities were going to come pick me up tomorrow for not paying back the loan and i told the lady that called me that my financial institution put a freeze on my account that no one can pull funds from my account and that i was told i couldn't send payment by money-gram mail or whatever and that i'm only able to send $50.00, so tell me how can i be arrested for something i'm trying to clear up????? My loan started off at $200.00 and now i owe $445.00 is this company legit??

Tamekag
Was it ArrowHead that called your or a collection agency representing them? If you loan was for 200 that means the fee was for 60 totaling 260 and they probably charged a returned item fee which was probably around 40 or 50, that still leaves you at the most of 310. Tell them you want something in writing verifying the total amount. I'm defaulting on them tomorrow so I'm sure I will be dealing with them soon. I have my credit counselor ready to send out the proposals though.

I'm so glad I found these postings...I was looking for something on them also..I save all my emails from the loan companys and couldn't find anything on them..I know a payment is due this friday & I want to pay them off..Thanks so much for the number Lynn!!!!!

Has anyone heard of this company before? They deposited the money into our account, and started debits, but we have never heard of them nor applied to them. Any information would be appreciated.
Thank you,
Tamara

Tamara, I haven't heard about this company. Didn't you have the agreement in writing from them before the money was deposited in your account? It is necessary to put all the terms and conditions in writing before starting the debits. You need to have some proof in writing if there is a need to dispute anything later.

I had gotton a loan thru Arrowhead Investments as a payday loan and another company got ahold of bank info and started taking money from my account so I had to close my account. So they turned my account over to a collection agency but the crazy thing I got a call from a company by the name of bass & associates saying they were going to file charges on for obtaining by internet fraud is this something I should worry about.

P Chaney

Bass & associates must validate the debt in writing if they are doing legitimate collections. If you have not received anything in the mail, send a DV letter through certified mail with return receipt requested. If the matter is taken to the court, you will have proof in the first place about trying to know the account from the company.

I haven't seen any paper work, and I have tried to find out how to contact the company, but I can't find that information either. If I could contact them, then I would be able to find out how they got the information. I contacted my bank and requested that they stop all payments to them until I found out more information, but they told me that they could not do that since it is a ACH debit. Any other advice?
Thank you all for your help.

A lady claiming to be from Bass & Associates called me at work talking the same nonsense. The crazy thing is the left the number to call her back on and it was the same number a different lady had left who claimed she was calling from interstate compliance/Prelitigations. These people are a bunch of bull and they won't see a penny of my money.

Has anyone heard of express Cash payday loans. I have paid them over 1000 dollars for a 200 dollar loan. I want to stop payments.

strongevr

Get in touch with your bank and put a stop payment on this debit. If you do not dispute over the debits done by Express Cash, it will continue forever and you will lose your money. Your bank will help you in disputing with the company. If you have paid more than the loan amount, you should surely claim for a refund.

strongevr-

You should also send the PDL a letter of revocation of authorization to debit your account; and send it certified mail return receipt so you can document that you've denied them permission to continue to debit your account. This can give you some extra leverage in dealing with them.

My god i wish people would just get a life but in life by being an attorney i see that people just dont have one so in other words before you agree to a payday loan read the terms and agreements. They can and will do whatever they have to do to recover the funds they lend to you. Its only 20 pages long!!!!