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Posted: Fri Mar 07, 2008 11:00 am Subject: MTE IS UP TO SOMETHING

I have paid $90 on a $300 illegal loan. I
am about to write them back.

The purpose of this letter is to offer you a discount to settle your account with Quickest-Cash-Advance.com. No one wants to have unpaid balances affect their credit worthiness so we have tried to make it easy for you to pay your outstanding balance with us.

Your total balance is currently $420.00. We will apply a 25% discount to your account in the amount of $105.00 provided that you respond to this offer within 7 days. This means that you can settle your account with MTE Financial Services for only $315.00.

Failure to respond to this generous offer within 7 days will force us to negatively report your account to CL Verify, our consumer reporting agency. This may affect your check writing privileges for future goods and services, and your account will be reported to our 3rd party collection agency.

To take advantage of this generous offer simply choose one of the 3 following options listed below, complete the information and fax this entire email with the requested documents and information to 866-539-7503. Should you have any questions, please feel free to call one of our customer service representatives at 866-465-5054 or email to recovery (@) invcity.com. Please note that we will continue efforts to collect this debt.

Sincerely,
Ashley

SAVINGS OF: $105.00
OFFER EXPIRATION DATE: 03/14/08

OPTION 1:
Please deduct the total amount due from my checking account on: ____________________

OPTION 2:
I will send the full amount through MoneyGram on: ____________________

OPTION 3:
I would like to pay the full amount due by using my credit card on: ____________________

If you wish to deduct your checking account, you must fax us a copy of your voided personal check to verify account numbers.

To pay by credit card, you must speak with one of our representatives so that we can obtain credit card information from you.

To pay by MoneyGram, you must speak with one of our representatives for sending instructions.

Signature: __________________________________________

Please do NOT respond to this email, instead you can email to: recovery(at)invcity.com

Pachacutec · Posted: Fri Mar 07, 2008 11:08 am Subject:

Whatever you decide to do, I would definitely NOT provide them with ANY checking account or credit card information - you'll never get rid of them! (I've even had PDL companies e-mail me that they'll be willing to give me MORE money, even after I've closed my checking account. Of course, in order to do this, they'll need my new checking account information. Yeah, right!!!)

Posted: Fri Mar 07, 2008 11:11 am Subject:

They offered to settle with me as well. I had paid them $430 on a $200 loan. The wanted to waive the remaing $30 fee if I agreed to pay the remaining $100 principal balance.

I did't respond. PDL's are illegal in my state and I think they have been well paid for their $200 loan. I too had 7 days to respond to their "generous offer". After the 7 days was up and I hadn't responded they sent me another letter letting me know that I was being turned over to collections.

Posted: Fri Mar 07, 2008 11:20 am Subject:

If it's an illegal loan then all you are obligated to pay back is the principal amount. I wouldn't opt for anything they suggested, it would be a money order, or zip, zero, nada. And they would only get back the principal amount, period. But, that's just me. Please don't give them your credit card or bank information, they will drain you dry if you do. Confused

Posted: Fri Mar 07, 2008 11:22 am Subject: me too

I received a message saying that I have defaulted and i should contact their recovery department to get my account active status... blah blah blah....I have paid $1035 on a $800 loan...well old loan paid off was for $300 and my new loan was for $500. still $235 over the principle and illegal debt, makes me think they got enough from me...I did request a refund...but only just want them to go away..

still awaiting my settlement email...........

Posted: Fri Mar 07, 2008 11:22 am Subject:

Thanks so much. I had planned on getting
back to them and offering 210 which is
the balance of what I owe and I will pay
them by money order and I already have
their address. I will give it to them
in 2 installments and be done with it.

Posted: Fri Mar 07, 2008 11:24 am Subject: reply

right on shazz,in addition i would send it certified mail return receipt.enclose a letter as well citing that pdl's are illegal in your state.include a c & d letter.

Posted: Fri Mar 07, 2008 11:43 am Subject: MTE IS UP TO SOMETHING

I trust you guys implicitly and that is exactly what I am going to do. Hopefully soon I will be such a help to others.

Posted: Fri Mar 07, 2008 11:54 am Subject: reply

keep us posted djones.it sounds good to me. Very Happy

Posted: Fri Mar 07, 2008 12:04 pm Subject:

Tell them you will take Option 4...

Option 4-Pay $210 in two installments via money order

Posted: Fri Mar 07, 2008 1:09 pm Subject: well I spoke too soon

I spoke too soon on this one: here is what they just sent to me...need feedback...
MTE FINANCIAL SERVICES

FAX: 866-668-0535

Email: compliancedepartment(at)mtefs.com

uuu

February 29, 2008

(name removed. cannr)
(address removed. cannr)
Email: (email removed. cannr)

RE: Your Complaint

(name removed. cannr)

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.

Based on the information supplied in your complaint, it is evident that the information derived from some sort of form or template, as it does not apply to your particular loan. It is strongly advised that consumers do not fall prey to the contributors of this type of information, as it is not always true, nor does it apply to every circumstance. Often, the information actually incriminates the consumer for not abiding by the laws of the state that they live in. Additionally, any contradiction to a consumer’s signed loan agreement can actually put them in default. While it is appealing to a consumer to find what appears to be an "easy way out" of their debt, there is no such thing if the debt is substantiated by a legal, signed contract. Using information containing legal jargon that you have not actually researched in an attempt to threaten a company into writing off a balance that you know you owe can actually be harmful to you as a consumer.

The money was lent to you by our company in good faith with the understanding that you would abide by the terms detailed in your loan contract, just as 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 you, the borrower, and meets all the Truth-In-Lending and Reg Z requirements as prescribed by Federal statute.

Upon review of your account history, you clearly knew all terms and conditions of your most recent loan, as you have been approved for loans in the past and have applied on other occasions for additional lending. We have all legal contracts that you e-signed, thereby agreeing to the terms and conditions of the loan(s). Having had loans in the past for which the terms were exactly the same, claiming not to have understood the terms of this loan can easily be disputed, as you were not coerced in any way by our company to reapply and did so on your own. It is highly unlikely that a customer would return to a company for additional lending if they had been unsatisfied with the service the first time.

Due to the fact that you have revoked authorization on our debits, no further debits will be made from your account from this date forward.

Due to the fact that you are clearly in a situation that led you to use any information that you could obtain in an attempt to relinquish your debt with our company, and in the interest of good customer service, we have agreed to waive all finance charges currently due on your loan and settle for complete payment of the principal balance owed. It is our hope that this will ease some of your financial burden, as well as avoid further collection efforts that would inevitably ensue should you default on your loan agreement.

We will be prepared to provide you with the information necessary for repaying the $500.00 that remains due on your principal balance, after waiving your $150.00 finance fee. Payment must be received by you in the form of a Cashier’s Check or Money Order, as you have revoked our authorization to debit your account. 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

Posted: Fri Mar 07, 2008 1:16 pm Subject: oops..

I forgot to delete all my info...just stupid...

Posted: Fri Mar 07, 2008 1:19 pm Subject: reply

yada,yada yada.typical mte.that is what they sent me too.they are not going to do anything,except call your ear off.that is why i said send a c&d letter.that prohibits them from contacting you,in any form.send the 210.00 certified mail return receipt.they are illegal and have no leg to stand on other than the 210.00 you legally owe.
that first part was just my thoughts on mte.

Posted: Fri Mar 07, 2008 1:26 pm Subject: thanks

paul....I know, just interesting...i will say I don't even owe them the $210, between the last loan and this new one I have paid more than the priciple of new loan...thanks for reassurance........makes me feel much better........everyone is so amazing on this site.......

thanks tons..

Posted: Fri Mar 07, 2008 1:28 pm Subject: oh

I did and continue to send them my letter that is full of information from c&d and revoke wage assignment...they just got another email with the same letter...

guess i will continue to send a million times until they know they are not getting another dime...

Posted: Fri Mar 07, 2008 1:29 pm Subject: reply

good for you keep us posted. Very Happy

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