| Message |
Author |
 Posted: Mon Jun 09, 2008 4:45 pm Subject: OK HERE WE GO - MTE Financial Services |
|
|
So now tomorrow is my default day on my loans. Issue you a loan at this time. What the heck? I did not apply for a new loan. As a matter of fact you suckers owe me money.
The next one was from MTE Financial
Dear ES:
Please be advised that our attempt to debit your account pursuant to our loan agreement with you has failed. It is imperative that you contact our office at 1-800-325-8208 immediately upon receipt of this notice to discuss your payment options. We would like to work with you to get your account back into Active status and out of Recovery status.
We will gladly accept your payment by Visa or Mastercard for no additional fee if your account can not be debited at this time.
If you would like to respond by email, feel free to contact us at recovery(at)invcity.com to set up your payment arrangements.
Failure to comply will result in your account being reported to a Consumer Reporting agency such as CL Verify which will affect your ability to qualify for future loans from us and other cash advance companies. It may also hamper your check writing ability with certain CL Verify merchants such as gas stations, grocery stores, etc.
In accodance with your loan note and disclosure agreement, a $30 return fee will be assessed and debited from your bank account.
Recovery Manager
MTE Financial Services
Toll Free: 1-800-325-8208Toll Free Fax: 1-866-246-0157
This is an attempt to collect a debt and any information obtained will be used for that purpose.
Please do not reply to this message as this email address is not equipped to handle customer service inquiries.
Ok so now what? I do owe them $75.46. They want $300. Not going to give them anymore.
Should I call the ACH processor? I need a step by step guide for that.
|
|
srjanes
Joined: 27 May 2008
Posts: 51
Debtcc Points: 971
|
|
|
| Posted: Mon Jun 09, 2008 4:54 pm Subject: |
|
|
also what is CL verify
|
|
srjanes
Joined: 27 May 2008
Posts: 51
Debtcc Points: 971
|
|
|
| Posted: Mon Jun 09, 2008 5:06 pm Subject: |
|
|
LOL. Do not let MTE intimidate you Sjanes. I received the same email from them after I defaulted. I think it is a default email they send out. If you paid the principal off already just hang tight untill they respond to your BBB complaint. They will call so have a C&D on hand if ya havrnt sent it out already.
_________________
~~Troubles Don't Last Always~~
|
|
anyaroberts
Joined: 13 May 2008
Posts: 511
Debtcc Points: 3086
|
|
|
| Posted: Mon Jun 09, 2008 5:24 pm Subject: |
|
|
| Quote: | | In accodance with your loan note and disclosure agreement, a $30 return fee will be assessed and debited from your bank account. |
They can't even spell !! lol!^^^
If you are thinking about contacting their processor, you will need to send them an ACH revocation letter first. If they are scheduled to debit your account tomorrow, sending them a quick email tonight revoking their ACH rights would be the thing to do. Then, if they try to debit your account tomorrow, call the bank, get the phone number of their processor, and let them know that they [MTE] broke the law by NOT honoring your revocation request! The processors will probably give you a hard time, but you need to be persistent, tell them you will forward the revocation email as proof. Perhaps llw will be around tonight to offer you advice on the correct course of action dealing with the processors.
_________________
Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws
Ohio Consumer Protection Law
|
|
Shazzers
Moderator
Joined: 05 Dec 2007
Posts: 4649
Debtcc Points: 29051
|
|
|
| Posted: Mon Jun 09, 2008 5:26 pm Subject: |
|
|
Send them a copy of this:
| Quote: | Regarding the EFTA and Universal Debit Agreements..
§ 907. Preauthorized transfers
(a) A preauthorized electronic fund transfer from a consumer's account may be authorized by the consumer only in writing, and a copy of such authorization shall be provided to the consumer when made. A consumer may stop payment of a preauthorized electronic fund transfer by notifying the financial institution orally or in writing at any time up to three business days preceding the scheduled date of such transfer. The financial institution may require written confirmation to be provided to it within fourteen days of an oral notification if, when the oral notification is made, the consumer is advised of such requirement and the address to which such confirmation should be sent.
(b) In the case of preauthorized transfers from a consumer's account to the same person which may vary in amount, the financial institution or designated payee shall, prior to each transfer, provide reasonable advance notice to the consumer, in accordance with regulations of the Board, of the amount to be transferred and the scheduled date of the transfer.
Regulation E
Section 205.10 Preauthorized transfers
Requires financial institutions to provide the consumer with some form of notice that electronic transfers that recur at substantially regular intervals, such as the direct deposit of salaries or benefits and the preauthorized payment of bills, occurred as scheduled.
|
_________________
Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws
Ohio Consumer Protection Law
|
|
Shazzers
Moderator
Joined: 05 Dec 2007
Posts: 4649
Debtcc Points: 29051
|
|
|
| Posted: Mon Jun 09, 2008 5:38 pm Subject: |
|
|
Well Shazz, here I am. srjanes. .like Shazz has stated, if you haven't sent that C and D letter yet, please do so via email now, if you can. They will need to have it before you go to the processor. I would talk with your bank and see if they can enlighten you on the processor but I am going out on a limb and betting that they are using Intercept EFT. I know that ameriloan and UsFastCash are tied into that whole reservation thing, so I would try them first. Ask to speak with Cindy. Tell her you have revoked the ACH authorization but they will continue to debit your bank account. I also know that they use Bremer Bank as the originator of the loan so that is also another aspect to consider. After I spoke with Intercept, they emailed UFC and I heard from them almost immediately. Once you speak with Intercept, shoot off an email to the PDL letting them know that you have spoken with their processor. I know that it is advised to hard copy your C and D letter to the PDL but I never sent anything to anyone. Everything was done strictly by email.
|
|
llw1995
Joined: 02 Feb 2008
Posts: 1428
Debtcc Points: 13709
|
|
|
| Posted: Mon Jun 09, 2008 6:11 pm Subject: |
|
|
WhenI started all of this I went to my bank and actually paid for them to do an ACHblock on all my PDLs because PDL assistance told me not to close my account will I closed it anyway and I have copies of the ACH closure requests from the bank, I then use a letter I found here. You more than likely know which one I am talking about. It covered everything revoke ACH, C&D, Michigan laws, and by the way you owe me money. I faxed, emailed and mailed what I could. Thursday I sent another round of letters to remind all of then I revoke ACH. And just to be a smarty pants (I would not say that IRL) I sent them copies of my complaints with the AG, BBB and now the FTC.
It will be nice to actaully enjoys some of my paycheck.
Can they get me on this CL verify thing?
llw1995 do I have to wait and see if they try to do the ACH before I contact intercept?
|
|
srjanes
Joined: 27 May 2008
Posts: 51
Debtcc Points: 971
|
|
|
| Posted: Mon Jun 09, 2008 6:18 pm Subject: |
|
|
No. When I contacted Intercept I had already issued my revocation letter and it was actually a good two months since they had debited my account but I was still unsure if they would try sometime down the road. They had the records so they knew exactly when they last debited my account. They emailed UFC while I was on the phone with them but to this day I don't know what they said but I got my PIF in less than 2 days. Hope this helps.
|
|
llw1995
Joined: 02 Feb 2008
Posts: 1428
Debtcc Points: 13709
|
|
|
| Posted: Mon Jun 09, 2008 7:00 pm Subject: |
|
|
Thanks for the help. Bad storms here so I keep losing my connection. I think I will call intercept on my lunch tomorrow.
|
|
srjanes
Joined: 27 May 2008
Posts: 51
Debtcc Points: 971
|
|
|
| Posted: Tue Jun 10, 2008 1:33 pm Subject: |
|
|
So I open my email today and I have the the following letter from OKDOCC. There is some hope. I received 2 letters one for ameriloan and one for Paycheck Today.
To Whom It May Concern:
The loan in question does not meet the requirements to be classified as a Deferred Deposit Loan; therefore, it would be a supervised loan even though the documents are not in compliance with the Oklahoma Uniform Consumer Credit Code (UCCC). Section 3-501 of the UCCC defines “Supervised Lender” as a consumer loan in which the rate of the loan finance charge exceeds 10% apr. Section 3-502 of the UCCC states unless a person is a supervised financial organization or has first obtained a license from the administrator authorizing the person to make supervised loans, a person shall not engage in the business of (a) making a supervised loan; or (b) taking assignments and undertaking collection of payments from or enforcement of rights against debtors arising from supervised loans. In addition to “civil and criminal penalties,” under section 5-202.2 of the UCCC, if a creditor has violated the provisions of this act applying to authority to make supervised loans (section 3-502) of this title, the loan is null and void and the debtor is not obligated to pay either the principal or loan finance charge. If he has paid any part of the principal or loan finance charge, he has a right to recover the payments or enforcement of the rights arising from the debt, the administrator may initiate administrative action against an unlicensed person as if the person held a license if the person is found to be engaging in the business of making supervised loans.
The Department of Consumer Credit hereby considers this a “Notice of Cease and Desist” to American Consumer Credit, LLC. Void the total of payments (principal, interest and any other charges) on this loan made to XXXXXXX. Refund all monies paid by borrower on this loan and any previous loan within 10 days, (with copies of refunds to this department). Review all loans made in the State of Oklahoma and make refunds on each of them as instructed. Remove any loans that have been improperly reported to credit bureaus from the consumer’s files. Do not make any loans to residents of this State of Oklahoma until and unless you are properly licensed with this Department of Consumer Credit as prescribed by Statutes. Appropriate action will be taken if you fail to comply.
Sincerely,
James Snell
|
|
srjanes
Joined: 27 May 2008
Posts: 51
Debtcc Points: 971
|
|
|
| Posted: Tue Jun 10, 2008 5:33 pm Subject: |
|
|
Sounds like things are going in your favor. Hopefully you will get your PIF and your refund without any further communication from them.
|
|
llw1995
Joined: 02 Feb 2008
Posts: 1428
Debtcc Points: 13709
|
|
|
| Posted: Wed Jun 11, 2008 8:26 am Subject: |
|
|
So today I received a email from Cash Advance Network Stating I needed to call them regarding my account. Everyday I send the same emails saying toonly communicate with me by email or usps. I let them all know I have overpaid, sent complaints to the BBB, AG and FTC. I know I have only just begun this process, but happens if this continues like this. They just say call and we will talk. I say no thank you email me instead. Put in writing. I do want to avoid any calls made to my employer if at all possible. Is this how it all starts emails and then threats over the phone? just wondering.
|
|
srjanes
Joined: 27 May 2008
Posts: 51
Debtcc Points: 971
|
|
|
| Posted: Wed Jun 11, 2008 8:29 am Subject: reply |
|
|
for me it was phone calls first,then after i sent the letters out the emails.i would keep it them.you are doing great.keep us posted.
|
|
paulmergel
Moderator
Joined: 24 Jun 2007
Posts: 3644
Debtcc Points: 12981
|
|
|
| Posted: Thu Jun 12, 2008 12:36 pm Subject: |
|
|
Update: Yesterday I spent most of the day emailing Ms Brown at Paycheck Today. This went on for hours. It came down to look I need you to provide me with your license to lend here in my state and hey just do you have a license at all? The last email I receive from her was this morning pretty much telling me do what you have to do because there are people who want to pay their loans and to stop emailing her. Well I sent one more message back to her saying. FYI you are the one who sent me all those messages yesterday, and all I wanted to know was if they were licensed in my state because if they were I might consider their settlement, but just so you know if you are licensed in my state you are not complying with our laws. the next email I received from her was an address for another person working there.
So I emailed him and said I am not sure why Ms. Brown gave me your address,but read the messages below and please email me back.
Well it has been many hours and still nothing.
I also did speak with OKDOCC today and they werevery helpful. They have sent letters to my loans that are MTE related. He said that I should not even pay on the ones I owe becuse they are all illegal and according to the State of Oklahoma any loans with these companies are null and void. I am not trying to get away with not paying the principle on the 2 that I owe as a matter of fact I email them everyday, telling them to send me a address so I can send them a money order.
I have not heard one thing from Discount Advances, Loanpoint USA (geneva roth) left me a voice mail, so I emailed them back, Netcash USA sent one email and I responded but nothing since then.
|
|
srjanes
Joined: 27 May 2008
Posts: 51
Debtcc Points: 971
|
|
|
| Posted: Thu Jun 12, 2008 1:59 pm Subject: |
|
|
Same here. I owed ameriloan $350 as principal, because I feel obligated since I borrowed from them it is only fair. After reporting them to all of everyone, and being that VA is very strict. They haven't contacted me at all. Hmm, oh well, I will wait and see what happens. On the other hand, I cannot send money to a place that does not ackowledge my proposal offer. Their loss! 
_________________
~~Troubles Don't Last Always~~
|
|
anyaroberts
Joined: 13 May 2008
Posts: 511
Debtcc Points: 3086
|
|
|
| Posted: Thu Jun 12, 2008 4:45 pm Subject: Beware Of Fruadsters!! |
|
|
Removed by Shazzers
Reason: Solicitation is prohibited per TOS rules.
_________________
Register today to cash in debtcc points.
|
|
Rosemary Church
Guest
Debtcc Points: 100
|
|
|
