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 Posted: Wed Apr 02, 2008 10:17 am Subject: Help in dealing with MTE?
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Hi everyone, was hoping i could get some more helpful advice once again?
Paychecktoday.com sent me to collections. I borrowed $400 and repaid $200 so far. I do intend to pay off the remaining part I borrowed once I have the money. The collection letter they sent me states I owe $868.00 to ACA Recovery. I sent ACA recovery a debt validation letter that Cannr posted. All they sent back to me was a copy of the internet loan agreement. Nothing else, not even a breakdown of how they came to the $868. So my question is.... how do I respond? I noticed that the internet agreement stated "Paycheck TOday aba MTE".
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hea12ther1
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Debtcc Points: 100
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Posted: Wed Apr 02, 2008 1:34 pm Subject:
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hea12ther! Oh, welcome to the wonderful world of MTE! First of all, please know they are unlicensed/illegal, so they basically can't do crap to you. Second, your collection agency did not PROPERLY validate the debt. They can not. It is not a legal debt. They can not possibly give you proper legal debt validation since it's not a legal transaction. Here's what I would do if I were you, file complaints against Paychecktoday and against ACA Recovery. File with every agency. They can't do squat, but they may turn you over to the credit bureaus. Nasty jerks. Keep your eye on your credit reports. If you see them on there, dispute the living hell out of it and have it deleted off. If you need any help, just post!
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cannr
Moderator
Joined: 07 Jun 2007
Posts: 9376
Debtcc Points: 124824
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Posted: Wed Apr 02, 2008 2:25 pm Subject: reply
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cannr is right,just be prpared for a tussle.mte puts up a front,lies to AG'S and other gov.bodies.just know that it is all hot air.oh by the way,the number of d/d/a/ for mte isn't it close to 3 dozen.
by now.
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paulmergel
Debt Samaritan
Joined: 24 Jun 2007
Posts: 2379
Debtcc Points: 8473
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cannr
Moderator
Joined: 07 Jun 2007
Posts: 9376
Debtcc Points: 124824
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Posted: Wed Apr 02, 2008 9:25 pm Subject:
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Wow, I am scared after reading that. I think at least four of my loans are with one of their d/b/a's. I send letters out tomorrow or Friday and am really scared about the responses. hea12ther good luck! I am sure people here will help you figure this out. They seems to be genius angels!
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momof1_1990
Joined: 31 Mar 2008
Posts: 93
Debtcc Points: 2020
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Posted: Thu Apr 03, 2008 4:42 am Subject:
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The main MTE company I'm dealing with right now is United Cash Loans, and let me tell you, they are a royal pain! But, as cannr said, they're unlicensed, PDL's are prohibited here in Maryland, so all they can do is call and annoy me with their empty threats...
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Pachacutec
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