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 Posted: Thu Jan 25, 2007 7:19 am Subject: Ten Dollar Wants To Offer Me A Settlement |
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I received this email from TenDollarPayday Loan. For people who months ago told me that I had no choice but to pay the debt or suffer arbitration, now they want to offer me a settlement.
| Quote: | Date: 1/24/2007
Dear Alexandra:
The purpose of this letter is to offer you a substantial discount to settle your account with TenDollarPaydayLoan.com. No one wants to have delinquent accounts that will affect their credit worthiness so we have tried to make it easy for you to pay your outstanding balance with us.
Your total outstanding delinquent balance is currently $540.00. We will apply a 25% discount to your account in the amount of $135.00 MY NOTE: AFTER I HAVE ALREADY PAID THEM MORE THAN A THOUSAND DOLLARS IN FINANCE CHARGESprovided that you respond to this offer within 7 days. This means that you can settle your account with MTE Financial Services for only $405.00.
If you respond to this offer, we will quickly remove you from Teletrak, our consumer reporting agency MY NOTE: SINCE WHEN HAVE THEY REPORTED ME TO TELETRAK? , so that your personal check writing or debit card privileges are not jeopardized by your delinquent account with us. We will also notify the outside collection agency that your account, which had been placed with them, has now been settled and is marked paid in full. Please accept this last chance opportunity to settle your account, save money, and straighten out your credit.
Sincerely,
Ms. Phillips
Collections Manager |
I sent them a letter back informing them that I would agree to the settlement amount if I am able to pay them in four month payments of $81 and/or they wipe out the amount completely and consider me paid in full.
_________________
The Best Way To Be Is Debt Free
and Alexandra is becoming free!
http://alexandra.yesdebtfree.org
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Alexandra
Debt Samaritan
Joined: 10 Aug 2006
Posts: 561
Debtcc Points: 9852
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| Posted: Thu Jan 25, 2007 7:43 am Subject: |
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This company is affiliated with MTE, Rio, ameriloan. They were ordered to cease and desist operations in OK recently where they are located and ordered to stop collecting on all loans.
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WHEREAMI
Joined: 26 Aug 2006
Posts: 5316
Debtcc Points: 71262
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| Posted: Thu Jan 25, 2007 7:44 am Subject: |
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The cease and desist order was for all consumers, not just OK consumers.
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WHEREAMI
Joined: 26 Aug 2006
Posts: 5316
Debtcc Points: 71262
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| Posted: Thu Jan 25, 2007 7:56 am Subject: MTE Financial |
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Can someone give me a list of the companies that MTE Financial is associated with?
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jennwales
Joined: 22 Jan 2007
Posts: 13
Debtcc Points: 206
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| Posted: Thu Jan 25, 2007 8:03 am Subject: |
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ameriloan, Tendollarpayday, MTE, Rio Resources. I think there may be one or two more.
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WHEREAMI
Joined: 26 Aug 2006
Posts: 5316
Debtcc Points: 71262
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| Posted: Thu Jan 25, 2007 8:09 am Subject: MTE |
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the companies that are associated with them should NOT be able to take anymore money out, correct? Even if I am located in Texas.
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jennwales
Joined: 22 Jan 2007
Posts: 13
Debtcc Points: 206
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| Posted: Thu Jan 25, 2007 8:17 am Subject: |
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Right, you should file a complaint with OK and let them know they are doing this and the names the go by as well, so they are aware they are still under operation and collecting loans. It doesn't matter which state you are in.
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WHEREAMI
Joined: 26 Aug 2006
Posts: 5316
Debtcc Points: 71262
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| Posted: Thu Jan 25, 2007 8:21 am Subject: |
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I have a copy of the cease and desist letter. They are not licensed to make loans. Period! Don't pay them anything!!! They were told by the Oklahoma Department of Consumer Credit that all loans they have given are null and void!!!!! It does not matter what state you live in! They made loans from Oklahoma to all of us without being licensed to do so. If anyone wants a copy of the letter I received, PM me and I will forward it to you. Read it to them, send it by email, or forward it by regular mail. I can't believe they are still trying to collect!!!! These people are amazing! We have to band together, we have the law on our side.
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scotch
Debt Samaritan
Joined: 21 Sep 2006
Posts: 171
Debtcc Points: 3332
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| Posted: Thu Jan 25, 2007 8:28 am Subject: names |
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does anyone know what company goes by: paydaytwoloans
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jennwales
Joined: 22 Jan 2007
Posts: 13
Debtcc Points: 206
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| Posted: Thu Jan 25, 2007 8:40 am Subject: |
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I highly suggest you pm chizhy, they are responsible for this action by OK. People have been getting favorable outcomes when confronting this company with the cease and desist letter Chizhy received from OK authorities.
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WHEREAMI
Joined: 26 Aug 2006
Posts: 5316
Debtcc Points: 71262
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| Posted: Thu Jan 25, 2007 8:45 am Subject: |
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Aren't they affiliated with 500fastcash also?
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BROWNSUGAR!!
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brownsugar
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Posts: 1408
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| Posted: Thu Jan 25, 2007 9:12 am Subject: |
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Rio Resources
Quickest-Payday-Loan.com
Your-Approved-To-1000.com
1000 Payday Cash
Emergency-Cash-Loans.com
Payday-Loan-Online-1000
United Cash Loans
500 Fast Cash
These are what I have found throughout the site.
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NotsoLucky
Joined: 02 Nov 2005
Posts: 3154
Debtcc Points: 45650
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| Posted: Thu Jan 25, 2007 9:37 am Subject: mte |
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Also ameriloan and One Click are also in this list. Wonder when Miss Collins changed her name? LOL KYSIDE38
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KYSIDE38
Joined: 19 Jun 2006
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| Posted: Thu Jan 25, 2007 2:55 pm Subject: |
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Even if they have transferred my account to another company? They transferred it to ACA Recovery.
_________________
The Best Way To Be Is Debt Free
and Alexandra is becoming free!
http://alexandra.yesdebtfree.org
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Alexandra
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Joined: 10 Aug 2006
Posts: 561
Debtcc Points: 9852
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| Posted: Thu Jan 25, 2007 3:04 pm Subject: |
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I was glad to get this letter because I have been fighting one click cash for nearly a year now.
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CowampChicken
Joined: 20 Dec 2005
Posts: 3681
Debtcc Points: 36192
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| Posted: Thu Jan 25, 2007 4:05 pm Subject: |
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Alexandra
I would not pay them a dime more!
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Roadwarrior
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