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Response from MTE through bbb.org

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PostPosted: Fri Jul 11, 2008 5:44 am Subject: Response from MTE through bbb.org

I filed a complaint through BBB.org in regards to MTE and this is the response I got.
Quote:
We have reviewed the account belonging to XXXXXX. All the terms and conditions of this loan have been met on our end. Unfortunately, XXXXXX did not keep to her end of the agreement and defaulted on her loan. Her account has subsequently been referred to an outside collection agency for handling. Any further questions, comments or concerns that she has regarding this account need to be referred to the outside collection agency who now owns her account. We will consider this matter closed unless we hear from you.

Thank you for your time and consideration in this matter.

Respectfully,

Compliance Department
CC/file


we all know MTE is illegal with no license to lend. My loan was for 300 and I paid 193 back so far. How should I respond back to them.

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PinkLady
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PostPosted: Fri Jul 11, 2008 6:47 am Subject:

I've already filed complaints on the Attorney Generals website and the FTC.
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http://www.idfpr.com/dfi/ccd/ccd_licensees.asp

ILLINOIS PAYDAY LOAN LAWS
http://www.paydayloaninfo.org/state_detail.cfm?id=IL

WISCONSIN PAYDAY LOAN LAWS
http://www.paydayloaninfo.org/state_detail.cfm?id=WI

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http://www.wdfi.org/fi/lfs/licensee%5Flists/
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PostPosted: Fri Jul 11, 2008 7:12 am Subject:

OMG! I would tell them to go for it, try to sue me! Well, that's what I would like to say. lol I would probably just reinforce the fact that they are not a licensed lender, therefore making any contract with them null and void, and if they so desire to attempt further action, that is their prerogative. And end it by saying, see ya in court!
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PostPosted: Fri Jul 11, 2008 11:16 am Subject:

I'm wondering if I should keep sending payments to MTE through my debt management program or stop until I hear from a collection agency. A few more payments and the $300 will be paid off.
_________________
ILLINOIS LICENSE SEARCH / CONSUMER CREDIT / GUIDE TO PAYDAY LOANS
http://www.idfpr.com/dfi/ccd/ccd_licensees.asp

ILLINOIS PAYDAY LOAN LAWS
http://www.paydayloaninfo.org/state_detail.cfm?id=IL

WISCONSIN PAYDAY LOAN LAWS
http://www.paydayloaninfo.org/state_detail.cfm?id=WI

WISCONSIN LICENSE SEARCH
http://www.wdfi.org/fi/lfs/licensee%5Flists/
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PostPosted: Tue Jul 22, 2008 8:02 am Subject:

Well I just sent my second complaint to the BBB in regards to MTE. I asked them to validate that they are liscened to do business in my state and their state. We will see what response they give. I just sent them a second payment through my debt management company and they aren't coming back so I'm assuming they are cashing them.
I paid them $238 so far and my loan was for $300. I told them I am willing to pay the remaining $62 to equal the $300 and then they are getting cut from my consolidation program.

_________________
ILLINOIS LICENSE SEARCH / CONSUMER CREDIT / GUIDE TO PAYDAY LOANS
http://www.idfpr.com/dfi/ccd/ccd_licensees.asp

ILLINOIS PAYDAY LOAN LAWS
http://www.paydayloaninfo.org/state_detail.cfm?id=IL

WISCONSIN PAYDAY LOAN LAWS
http://www.paydayloaninfo.org/state_detail.cfm?id=WI

WISCONSIN LICENSE SEARCH
http://www.wdfi.org/fi/lfs/licensee%5Flists/
PinkLady
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PostPosted: Tue Jul 22, 2008 8:46 am Subject:

Keep replying to the BBB response that you received. I kept on and on until they finally agreed to mark my account paid in full!
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PostPosted: Tue Jul 22, 2008 12:39 pm Subject:

Pink Lady, I think that was the right response to make to the BBB. Since they are not licensed, it will be interesting to see what their answer is!
alias1958

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