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 Posted: Fri Apr 13, 2007 9:55 am Subject: Ron Reynolds |
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I spoke with someone this morning from Arrowhead Investments named Ron Reynolds. He was very rude to me called me a whole bunch of names and then threatened to make me pay 3,000 when my initial loan was only 300.00 This is my first communication with this company and I have not been in default and he immediately because he didn't like my attitude says that he will not accept any monies from me if I try to pay and that he is immediately putting my account in investigations. Can he do this? He claims I committed fraud on my application. This is not true. I was trying to repay the loan but now he is threatening me and he has left harrassing messages on my phone. What can I do to resolve this?
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fedup
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| Posted: Fri Apr 13, 2007 10:00 am Subject: |
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Call 1-866-355-7308 and ask for Liz at ext. 111 she is in the collections dept. She may be able to help you. And if she does help you let her know how Mr. Ron treated you over the phone. But do this after you make arrangements with her.
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puddlejmpr
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| Posted: Fri Apr 13, 2007 10:03 am Subject: |
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No you did not commite fraud he is trying to scare you
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Leah
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| Posted: Fri Apr 13, 2007 11:32 am Subject: |
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It is difficult when you receive collections calls like this and then to be treated so rudely makes it even worse. Try your hardest to consider the source and don't let him intimidate you. Sounds like puddlejmper has paved the way for you to get some results and to at least be treated with some respect. If you need encouragement you can always get some here on this forum--good luck!
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Lorri
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| Posted: Fri Apr 13, 2007 11:43 am Subject: |
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People, people, people...Don't let these crooks scare you into giving them your money. Do not send them a dime without first sending them a letter of validation. If you do, the power becomes yours. They must then jump through hoops to legalize their calculations and they may drop it altogether, especially if you find out that they are not licensed to operate or collect in your state.
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AnthonyLemons
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| Posted: Fri Apr 13, 2007 2:09 pm Subject: |
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There are so many topics on Arrowhead Investments about these threats. It's all BS. Had they been a legitimate company, they would not have just threatened on people, rather done something in real. Report them to your state AG and the FTC.
How much have you already paid on the loan? Read this link
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Johnson4485
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| Posted: Fri Apr 13, 2007 7:29 pm Subject: |
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I guess it's just me then. I know I borrowed the money. My bank account got closed after they took out 1 fee. They haven't sent me to a CA yet. I feel as if I need to pay back what I borrowed. Otherwise it would be free money and in this world there is nothing for free. So yes I sent them 3/4 of what I owed them. I will be sending them the other 1/4 next month and they will be paid in full. Liz has been very nice to me and I will feel much better when I know I paid back what I borrowed. And this loan has been from Oct. of 06. And still never sent to CA. I WILL pay back the pdl's that will settle with me without threatening me. The ones that I have complaints against and are charging me 3 times the amount I borrowed I will not, until they settle for the amount I owe. (sorry just kinda of crabby at the moment. But that is how I feel)
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puddlejmpr
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| Posted: Fri Apr 13, 2007 8:09 pm Subject: |
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I'm with you PJ. I think it's morally correct to repay what you borrowed--but come on, it's criminal to pay $3000 off a $300 loan. They might as well just stick a gun in your ribs!
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kscornell
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| Posted: Fri Apr 13, 2007 8:42 pm Subject: |
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I agree with that. That's why I refuse to pay the ones that are charging over what I originaly borrowed.
Most of the ones I took out were from oct.-nov. and my bank closed our account the end of nov. So they didn't get tons of roll over fees from me. They got maybe 1 or 2. And so far they have subtracted those amounts off from the orginal loan and thats what they offer me in a settlement. I agree if you pay well over what you borrowed in roll over fees and it comes to 3 times the amount of the original loan then it should be marked PIF.
Sorry about the last post, had a crabby moment here, all better now 
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puddlejmpr
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AnthonyLemons
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| Posted: Sat Apr 14, 2007 6:26 pm Subject: |
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Puddl-I agree in paying back what you borrowed! I would never have "defaulted" if I hadn't already paid back double or more to these companies
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Leah
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| Posted: Sun Apr 15, 2007 5:04 am Subject: |
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I totally agree. I mean, definately pay the money back, but this doesn't mean you should be paying them forever, right? They might as well have a license to print money!
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kscornell
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