Rio resources/mte financial ordered to stop lending!!!!

Awesome work! One down, how many more to go??? And all I can say is, Buh-BYE!!!!!!!!!!!

How can I get this to happen in Maryland?? It would be great!!

Wow, this is great news. I've been battling one of their affiliates myself. Chizhy, is there anyone that you can e-mail me that letter?

Yes, I can email it to you but you will have to send me your email address. The letter won't attach through the email on this site. I guess it's too big.

Taki2U, I don't live in Oklahoma, I live in Texas. This letter is telling Rio Resources that they can not do loans, No Loans to anyone. Rio is in Oklahoma. It is illegal for them to loan to ANYONE per Oklahoma Department of Consumer Credit. We are all covered on this one.

Thank you Chizy.

That is awesome!

That's one down....I'm sure they will continue to try to loan--But if they DO, they're in BIG trouble.

Taki2u, if you live in Maryland, pdls are already prohibited. You also need to file a complaint with the MD AG's office to let them know that these ipdls are conducting business with consumers of your state.

I live in Minnesota and have a pay day loan that is in default with them does this mean I don't have to pay it back? I'm thinking it does because when I've tried to contact them it comes back as undeliverable! yeah!!! one down 4 to go!

per the Oklahoma Department of Consumer Credit, they are to cease and desist giving loans, and any loans that they have given are null and void.

that is so great!

that is great!

so thats great i have a laon with amerilaon, so i dont have to worry about them comming after me they are a part of rio? i can actually rest on at least one, i had a loan with timber hill investment for 300 plus 300 two loans they are paid in full i really deserve a refund but i will just be glad not to give them any more money just go on with my life. i will definitely think and budget hard before i get into this again but at the time i needed it and they were there.

I will pm you my e-mail address. Thanks

Now that's definetly good news. When you file a complaint against these companys w/your Att. Gen. what do you write?

There is usually a form you will complete. In it you will describe the issue. You will need to find your state's pdl laws and describe your issue with the company and how they are violating the state's pdl law (not licensed, permitting roll overs when maybe the law prohibits them), let them know how much the original loan was for and how much you have paid to date and if you have already paid the principal and legal interest rate in roll over fees, state in your complaint you want the loan to be marked paid in full. Also describe any correspondance you have had with the company, if they were making threats, if you have e-mails from them with threats, send copies of those with the complaint.