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 Posted: Tue Oct 09, 2007 7:20 am Subject: Call from 500 Fast Cash/MTE Financial
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I just got a call from 500 Fast Cash saying that I took a loan out and I owe $400. I did take loan out with United cash loans/MTE Financial for $300. I found this site and then I closed my account and started the road to recovery from PDL hell!!
I sent BBB a complaint and I just got an email this morning stating that they forwarded it to MTE and I can check the status online.
I told the chick from 500 Fast cash that I will not discuss this on the phone and only correspond via email or us mail. She said they don't do that and whatever and she wanted my bank phone number so we could confirm the deposit or whatever. She called me at work and I hung up on her.
Now...what do I do??? I haven't paid MTE anything and I do NOT want them harassing me at work. They sent me this | Quote: |
515 G SE
Miami, OK 74354
10/09/07
KRISTI
Dear KRISTI ,
500FastCash regrets to inform you that our ACH debit was not honored by your bank, and was returned due to a Closed Account.
With a short-term loan, there is no valid reason for a closed account. Non-payment of a loan due to an account having been closed is taken seriously at 500FastCash. However, we are aware that this may be the result of a special and unavoidable circumstance, and we encourage you to quickly resolve this situation. Amounts owed may be paid by Visa, MasterCard, or Money Gram. Please contact a customer service representative at 1-888-339-6669 to discuss payment arrangements.
Once your account has been paid in full, you will again be able to take advantage of our short-term loan program.
Thank you for your prompt attention to this matter.
Sincerely,
Customer Service
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Help guys!!
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krisT
Joined: 17 Sep 2007
Posts: 139
Debtcc Points: 3502
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Posted: Tue Oct 09, 2007 7:27 am Subject:
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Lucy, please be sure you pay them quickly becuase you do not want to ruin your chance of getting another short term loan....are they on medication, just palin stupid or both... Seriously, When they call tell them you are not there and then respond to them in writing. There is not alot you can do short of telling them you no longer work there. I know I take a lot of messages for myself. I write down the date, time, who called and what was said and then fire off an e-mail with this info reiterating I will not accept phone calls. It has worked a little but MTE is evil and ugly and makes up the rules as they go along.
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
Moderator
Joined: 03 Aug 2007
Posts: 4091
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Posted: Tue Oct 09, 2007 7:28 am Subject:
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Hi Lucylu. So you didn't actually take a loan out with 500fastcash, but with Unitedcashloans, correct? I actually got the exact same form letter email from Unitedcashloans. I had a loan with both 500 and UCL. My best guess is that since they are from the same parent company that they must have gotten your information mixed up. This could be good for you! Maybe you should call back and speak with a manager to let them know that you don't have a loan with them. I wouldn't tell them that you have one with ucl...just that you don't have one with them.
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eleroo
Joined: 06 Jun 2007
Posts: 1227
Debtcc Points: 14309
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Posted: Tue Oct 09, 2007 7:33 am Subject:
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| Quote: | | Lucy, please be sure you pay them quickly becuase you do not want to ruin your chance of getting another short term loan |
My thoughts exactly!!! 
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krisT
Joined: 17 Sep 2007
Posts: 139
Debtcc Points: 3502
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Posted: Tue Oct 09, 2007 7:35 am Subject:
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Wait! I missed that part! Well, I know you want another pdl very badly, so I guess the only thing to do is follow their advice and pay quickly. 
Roxy, I agree. They must be on some kind of strong meds!
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eleroo
Joined: 06 Jun 2007
Posts: 1227
Debtcc Points: 14309
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Posted: Tue Oct 09, 2007 7:37 am Subject:
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Roxy posted that. LOL not the loan company
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5463
Debtcc Points: 38905
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Posted: Tue Oct 09, 2007 7:38 am Subject:
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| Quote: | | So you didn't actually take a loan out with 500fastcash, but with Unitedcashloans, correct? |
I have one with United Cash loans..aka MTE Financial. I told the chick that I don't have one with 500 Fast cash and she said your email is ____ and I said yes. She said that I would have signed the documents and then they would've deposited the money..
So I am just going to keep the letter in my MTE Financial/UCL folder in my email.. They have until 10-23 to respond to the BBB..
Thanks guys~
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krisT
Joined: 17 Sep 2007
Posts: 139
Debtcc Points: 3502
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Posted: Tue Oct 09, 2007 7:47 am Subject:
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| Quote: | Reminder – your loan will be renewed if you do not complete the attached form.
Please open and review all attachments, using a version of Adobe Acrobat Reader.
If you do not have Adobe Acrobat Reader, please download and install it from Adobe's Website.
If necessary, please sign the document electronically and forward the document back to our email address or please print out, sign, and fax back to the fax number found on your documents.
Please DO NOT RESPOND to this message. A response to this message will not be answered. If you have additional questions, please fax us at 1-800-803-8794 or email us at customerservice(at)UnitedCashLoans.com .
Thank you,
UnitedCashLoans
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I just got this email. And there is a voicemail on my phone from that chick who called from 500 fast cash saying I had 24 hours or she was going to make a decision on my behalf...
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krisT
Joined: 17 Sep 2007
Posts: 139
Debtcc Points: 3502
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Posted: Tue Oct 09, 2007 7:55 am Subject:
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| Quote: | MTE FINANCIAL SERVICES
FAX: 866-668-0535
Email: compliancedepartment(at)mtefs.com
October 5, 2007
Me
Email: *X*X*X*@yahoo.com
RE: Your Complaint
Ms. me,
We have received and reviewed your correspondence regarding your complaint with the company.
While the information that you have collected may apply to companies that have physical locations in your state, it is our opinion that it does not apply to our internet business model. This is based on sound advice from our legal department. In addition, the Legal Disclosures provided for customer reference at our website state the following:
Regardless of where you may be viewing or accessing this site, you as the borrower are responsible for complying with any local statutory obligations that may exist in your state or area with respect to this transaction. The Federal laws governing this consumer loan agreement may differ from the laws of the state where you reside. If you do not want to enter into a consumer loan agreement with us under our terms, then you should apply for a loan at a provider located in the state where you live.
The money was lent to you in good faith with the understanding that you would abide by the terms detailed in your loan contract. We upheld our end of the agreement by crediting the funds to your account in a timely manner. The Loan Note and Disclosure that you e-signed and thereby agreed to is very detailed and clear so as not to cause any confusion to the borrower, and meets all the Truth-In-Lending and Reg Z requirements as prescibed by Federal statute. We have attached a copy for your review.
Due to the fact that you have revoked authorization on our debits, no further debits will be made from your account.
The Lender will be prepared to provide you with the information necessary for repaying the $390.00 that you agreed to pay, by signing your Loan Note and Disclosure when applying for the loan. Payment must be received by you in the form of a Cashier’s Check or Money Order payment. We expect this offer will bring us to an amicable resolution.
Please acknowledge your understanding and acceptance of our proposal if you are in agreement with the offer detailed above, and advise which payment method you will use. Once your acknowledgement/agreement is received, we will provide you with the information needed to make the payment. Once we have received this payment, we will mark your account "Paid in Full."
If your response is not received within seven (7) days of the date of our offer, the offer will become null and void and collection efforts will resume.
Thank you for your time and consideration in this matter.
Respectfully,
Compliance Department
CC/file
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I got this email last week.. I wish they would make up the stupid minds... are you UCL???? or are you 500 fast cash???? 
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krisT
Joined: 17 Sep 2007
Posts: 139
Debtcc Points: 3502
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Posted: Tue Oct 09, 2007 7:58 am Subject:
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Ummm yea Lu, you did get the same email last week because I remember commenting on it
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volleyballmom
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Joined: 27 Aug 2007
Posts: 4178
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Posted: Tue Oct 09, 2007 8:00 am Subject:
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So, what do I do??? Just wait and see what BBB says???
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krisT
Joined: 17 Sep 2007
Posts: 139
Debtcc Points: 3502
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Posted: Tue Oct 09, 2007 8:11 am Subject:
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Hey LU...I think I am a bit slow today due to my head cold, but what are you asking? Should you pay? ??
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volleyballmom
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Joined: 27 Aug 2007
Posts: 4178
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Posted: Tue Oct 09, 2007 8:16 am Subject:
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Question - the parent company of both of these pdl's is located where? (Off shore I think but I cant remember).
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hvn_sent
Joined: 21 Sep 2007
Posts: 226
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Posted: Tue Oct 09, 2007 9:41 am Subject:
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| Quote: | | Question - the parent company of both of these pdl's is located where? (Off shore I think but I cant remember) |
Oklahoma I think?
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Debtcc Points: 100
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Posted: Tue Oct 09, 2007 6:43 pm Subject:
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Well unless your billfold is overflowing with money and you justwant to freely give it away (I always take donations), I would wait for the BBB response. If they cannot even keep straight what company they are with....well they are true winners. I have a defaulted loan with 500fast cash. I cannot wait till they start this with me!
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mwmammaroo
Joined: 11 Sep 2007
Posts: 108
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Posted: Tue Oct 09, 2007 7:00 pm Subject: reply
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Hold on! 500FastCash, United Cash Loans, etc.... All d/b/a's of MTE Financial. Doesn't really matter a flying crap which name they are using. They are trying to confuse you (on purpose). They are MTE. And, no, MTE is not "off shores". MTE is located in Oklahoma. MTE is not licensed/legal. MTE is evil. They will claim that YOU are confused, lucy. You are not. They do this on purpose. Do not respond to them. They will respond to the BBB eventually. And they will claim that "lucy is confused". I swear to God, they will. I have many responses from MTE stating how "confused" I am. Please do not speak with them via telephone. MTE will, I repeat, will communicate via email. I can swear to this fact. You do not have to speak with the via telephone. Whatever you have to do to not talk directly to them, do it. Lie, whatever. Do not talk to them. They are sneaky, lying, scum.  They will straight up lie to the BBB. They will not respond to your state AG. They are not licensed to lend anywhere in the United States. Let them send you all the emails they want to. Keep them. Save them. But watch these creeps. They will try to pull a fast one on you the first chance they get. Wait it out until they respond to the BBB to see what they have to say. Do not respond to their "time frame" emails. (Which are all form emails that they send to everyone.) Lord, I've got a computer full of the same friggin emails from them from all their d/b/a's. lucy, don't respond yet. And don't take their calls. Okay? Wait to see what lies they have for the BBB. Then post and we can take it from there.
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cannr
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