Rio resources/mte financial ordered to stop lending!!!!

AWESOME! I know you have been after this company for months! YOU DID IT! :D

YAHOO! Good work! :D

It says in the letter that if they have made loans to anyone, the loan is null and void and the Debtor doesn't have to pay principal or interest.

Now if Ohio will only jump on the band wagon.

But since Rio is in Oklahoma, it doesn't matter what state we are in, they are not allowed to lend to anyone. So all of their loans are null and void!!

Irish, OH is watching all of the other states and how they are dealing with ipdls. If you filed a complaint with the AG then they will automatically send a copy of it to the Dept. of Financial Institution who have been compiling a file of all the ipdl complaints since Mid-Sept. of 2006.

Chizhy, you worked really hard going after these guys, and this has to make you feel good! :D

Oh yes, I feel great. I just hope everyone will continue to send in their complaints to Oklahoma where Rio is set up.

Oh yes, I feel great. I just hope everyone will continue to send in their complaints to Oklahoma where Rio is set up.

As soon as I take care of a few matters at home, I fully intend to make sure that they won't cause anymore trouble for us in Louisiana. Good job Oklahoma.

Steeler, I have filed complaints on all of the ipdls that I have dealt with. And I cc them with every e-mail I send. Maybe we will get more action with the new ag. Kudos Chizhy for the hard work that you did.

They did attend a conference in FL regarding this matter with several other states being present. Action can't happen over night, I can only say that it is in progress. :D

I just wanted to clarify something. I don't live in Oklahoma, I live in Texas. I received the letter from Oklahoma because the Attorney General of Texas sent my complaint to them. So this isn't just for Oklahoma residents. Rio has been told to shut down ALL lending.

Here is proof that complaints filed against these companies do work. Horray for Oklahoma! HA HA Rio, you screwed the wrong people!

Well it's about time! Woo Hoo!!

Awesome work! One down, how many more to go??? And all I can say is, Buh-BYE!!!!!!!!!!!

How can I get this to happen in Maryland?? It would be great!!

Wow, this is great news. I've been battling one of their affiliates myself. Chizhy, is there anyone that you can e-mail me that letter?

Yes, I can email it to you but you will have to send me your email address. The letter won't attach through the email on this site. I guess it's too big.

Taki2U, I don't live in Oklahoma, I live in Texas. This letter is telling Rio Resources that they can not do loans, No Loans to anyone. Rio is in Oklahoma. It is illegal for them to loan to ANYONE per Oklahoma Department of Consumer Credit. We are all covered on this one.

Thank you Chizy.

That is awesome!

That's one down....I'm sure they will continue to try to loan--But if they DO, they're in BIG trouble.

Taki2u, if you live in Maryland, pdls are already prohibited. You also need to file a complaint with the MD AG's office to let them know that these ipdls are conducting business with consumers of your state.

I live in Minnesota and have a pay day loan that is in default with them does this mean I don't have to pay it back? I'm thinking it does because when I've tried to contact them it comes back as undeliverable! yeah!!! one down 4 to go!

per the Oklahoma Department of Consumer Credit, they are to cease and desist giving loans, and any loans that they have given are null and void.

that is so great!

that is great!

so thats great i have a laon with amerilaon, so i dont have to worry about them comming after me they are a part of rio? i can actually rest on at least one, i had a loan with timber hill investment for 300 plus 300 two loans they are paid in full i really deserve a refund but i will just be glad not to give them any more money just go on with my life. i will definitely think and budget hard before i get into this again but at the time i needed it and they were there.

I will pm you my e-mail address. Thanks :-)

Now that's definetly good news. When you file a complaint against these companys w/your Att. Gen. what do you write?

There is usually a form you will complete. In it you will describe the issue. You will need to find your state's pdl laws and describe your issue with the company and how they are violating the state's pdl law (not licensed, permitting roll overs when maybe the law prohibits them), let them know how much the original loan was for and how much you have paid to date and if you have already paid the principal and legal interest rate in roll over fees, state in your complaint you want the loan to be marked paid in full. Also describe any correspondance you have had with the company, if they were making threats, if you have e-mails from them with threats, send copies of those with the complaint.

Congratulations, I have been trying to get rind of Rio/MTE for months. Now I am waiting for them to call me so I can let them have it.

Even though, they have been ordered to stop lending, I wonder if they are still debiting people's accts under another alias?

I have a loan with rio resources i need to send my letter in. Also do anyone know if USApaydayloan is a affliate of rio resources. Please help

Good question highlysaved....is there a way to find a list of the affiliates for Rio Resources?

I am sure they will continue to lend and debit checking accounts. Close your accounts immediately and open a new account. Use this letter as ammunition when they call or email you. AND SEND YOUR COMPLAINT TO THE OKLAHOMA DEPARTMENT OF CONSUMER CREDIT! You can access the complaint online at their website.

the only two affiliates that I know about is ten dollar payday loan and no faxing payday loan but if you search in this website you can find their other affiliates.

When the hell is Florida going to get on this?

They, and other states, will only get on it when a consorted effort by voters reminds them that they will be replaced with representatives that will enact such legislation to outlaw the PDL practice.

I emailed MTE Friday and received a "Paid in Full" email today. I am so happy!!!!

Congratulations! :D One other affiliate to add to MTE's list is ameriloan.

Here is some of their affilates. United Cash < ameriloan, 500 Fast Cash, No-Faxing Payday Loan, One Click Cash. This is the best news I have heard in a long time. Thanks for all your hard work on this matter. I would also like to have a copy of the letter to send to WV AG. They would like to see it. KYSIDE38

I believe US Fast Cash is also an affiliate of theirs.

So i have a loan that defaulted months back from ameriloan and US Fast Cash. Does this mean I am done with them and they can't come after me for anything?

Traci78--

From my understanding, all loans that are affiliated with MTE Financial are considered null and void!!

I had a pdl with oneclickcash and i have sent several emails to them and also sent several letters they have not responded to either of them. Can someone please provide me with the apporiate address to send my letter to or email the letter to these people. please help

I have a loan with 10 Dollar which I think is an affilate. I live in Florida. Is my loan null and void and if so, what should I do?

Thank you.

You are right tendollarpayday is affiliated with MTE. You need to file a complaint with the OK AG's office, and send this tendollarpayday company an e-mail and letter stating that you are aware they have been ordered to cease and desist operations and all loans are considered null and void.

thank you very much.

ACE check cashing is another Rio Resources.