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I've noticed they're not licensed in Oklahoma either.

They are all 200.00 loans and I've paid more than 300.00 to each of them...over 500.00 to cashsupply!

I suppose I should cover myself and send them the revocation letter as well?

I closed my account last month so that's not an issue.

Posted: Wed Nov 14, 2007 2:54 pm Subject:

i am dealing with ameriloan and cash supply (well I did agree to a settlement with them)

ameriloan just, as of minutes ago, responded to the BBB complaint i filed and said that they are willing to settle on my balance of 695, they said that i could pay only 245, now get this i have already paid 375, and the loan was for 150!!! Smile

Posted: Wed Nov 14, 2007 2:56 pm Subject:

that's hilarious! they are such crooks!

Posted: Wed Nov 14, 2007 2:59 pm Subject:

yep!

i told them i will not accept anything less than a paid in full letter by 11-30-2007!

Posted: Wed Nov 14, 2007 3:01 pm Subject:

Always send letters, always have proof. Always cover yourself. And keep trying for the PIF, eventually they'll get the point and give it to you. Or at least that is how I think it works, because I didn't overpay any of mine....

Posted: Wed Nov 14, 2007 3:25 pm Subject:

well lets hope you're right poko

Posted: Thu Nov 15, 2007 5:11 pm Subject:

Don't know where Jen went but I am actually dealing with ameriloan right now. Seems like they finally stopped calling me. I kept telling them (that is when I would actually be at my desk to answer my phone) that I sent them a letter regaurding the matter and to not call me at work. One of the conversations I told them they should have been contacted by the state department as well.

Hopefully they finally got the message because I was tired of them on my phone. I'd get all excited thinking it was something important.. but no one calls me at work except for people I don't want to talk to.

Posted: Thu Nov 15, 2007 5:15 pm Subject:

I closed my account last month, and I know their drafts were returned, but I haven't heard from ameriloan or 500fastcash. I'm wondering if it's the calm before the storm, or they know they aren't licensed and I've already overpaid them.

Posted: Thu Nov 15, 2007 5:19 pm Subject: r

jen, ameriloan and 500FastCash will not be licensed anywhere. And, yes, they know they are illegal. Cash Supply is licensed in New Mexico. However, your account is closed, so - like you said - that's not an issue, thank goodness. However, you need to watch these guys. Anyone related to MTE (Ameriloan and 500FastCash) has a tendency to lay low for awhile and then pop back up. Enjoy the silence while you have it; however, do not trust it.

Posted: Thu Nov 15, 2007 5:20 pm Subject:

Calm before the storm.

They will be contacting you. But since you've overpaid them, I'd take the pre-emptive and strike first. Send them letters telling them you want a PIF and a refund. I'm not sure who has good letters for those, the one I created was for telling them you only owe them what is left on the principal.

Hopefully someone will jump in with some advice about getting your money back.

Also have you filed complaints yet? A few people have some good luck with the BBB on getting their refund

Posted: Thu Nov 15, 2007 5:22 pm Subject: r

Well, I can say that it'll be like pulling teeth to get a refund from anything MTE related. However, I'm not sure of Cash Supply. People may have gotten a refund from them for any overpayment.

Posted: Thu Nov 15, 2007 5:26 pm Subject:

I totally didn't know anything about Cash Supply. So they are only licensed in New Mexico, but since most states work under the "must be licensed in state to lend" clause, they tend to lend illegally as well?

Posted: Thu Nov 15, 2007 5:27 pm Subject:

On this issue of letters, can I send them via fax or email or is it better to send them via US Mail ?I have loans with ameriloan,CMG Group, Loan Shop, B&L Marketing and Loan Point USA.
I have fax information for all of them but no physical addresses for most of them.

Posted: Thu Nov 15, 2007 5:31 pm Subject:

It is best to send them all 3 actually. But at the very least they should be sent USPS certified return receipt, that way you have proof they got it. They can claim lost fax or email..... or even lost mail, unless you send it certified... Sending them all 3 ways really shows you are trying to get ahold of them...

Posted: Thu Nov 15, 2007 5:32 pm Subject:

Sorry didn't read all your post. You can search each one of them on here and you'll find an address... I can PM you the ones for ameriloan (part of MTE) and LoanPoint (aka Geneva Roth).

Posted: Thu Nov 15, 2007 5:39 pm Subject:

Well, took care of cashtranfercenters yesterday, and I'm sending revocation letters to ameriloan, cashsupply, and 500FC on Monday when I get back to work. Something should certainly have clued me in when I'm in a two loan state and I was able to get more than two. That and the fact that CTC kept offering me loans up to 1900.00 and the limit in Ok is 500.00. Thank God I never took them up on that.

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