MTE Financial getting desperate?
Date: Fri, 04/27/2007 - 08:13
They are even letting me choose the date to pay the balance. Although it is probably $65 more than should be allowed in the state of Tx I think I will do it just to avoid anymore hassels with this company.
Quote:
Date: 4/27/07 Dear ***********: 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 dba Rio Resources for only $315.00. Failure to respond to this generous offer within 7 days will force us to negatively report your account to TELETRAK, 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(at)invcity.com. Sincerely, Victoria |
HOw much did you borrow and how much have you already given them
HOw much did you borrow and how much have you already given them???
the original loan was $300, $150 was paid over 2 weeks in renewa
the original loan was $300, $150 was paid over 2 weeks in renewal fees ($75 each) then another renewal fee is coming due Monday (I did not include fees for the 15th of April as I closed my acct, and they had already ACH the funds the week before (1 week early) In Tx it should only be $12/100 so I overpaid the first 2 renewals by $78. If that went to principal that means at the end of the month the balance should be $249. 300 - 78 = 222 + 27 = $249
$315 - $249 = $66 I will overpay (i think i have this all figured right, it could actually be another 27 higher as I am going to repay on 05/15 so if was with them there could be more fees I guess)
Thank You
Pay them only what you legally owe them. Close out your old acco
Pay them only what you legally owe them. Close out your old account and open a new one..even once they are paid they will continue to try and debit your account that is how my account ended up at -1600
sorry about my account but i lost my job and i dont have any fun
sorry about my account but i lost my job and i dont have any funds i am working on getting the funds to pay u back iam really sorry i dont know what to do thank you
I think you have us confused with a different website. We are a
I think you have us confused with a different website. We are a debt forum for people that are experincing financial difficulties. If you are having problems with your finances please register and a debt counselor will get in touch with you.
ladybug
Double Drop, follow Leahs advice. MTE aka Rio Resources is a tot
Double Drop, follow Leahs advice. MTE aka Rio Resources is a totally illegal scumglomerate of about 12 different PDLs. Pay them what you legally owe them by MONEY ORDER ONLY and move on. Do not let them intimidate you. They may turn you over to Accounts Receivable Management for collections. If they do send them a detailed debt validation letter. They will not be able to validate it and they will go away. What state do you live in?
payday loans
although i did have the funds deposited in my account (300.00)i never got a confirmation e-mail r any thing saying i was approved for a loan.When I called them they had all my personal info.now they are saying they are debiting my account almost 2 weeks before i get paid.what do i do?
How long ago did u get teh money? Had u applied for another pdl?
How long ago did u get teh money? Had u applied for another pdl? Cuz lots of them have more than one name...
What state are u in? After more info we may be able to help u....
Ang
loan sharks!!!!!!!!
i actually spoke with them this morning and they did e-mail me my application.I still don't remember accepting the loan.they said that because they did'nt get a hold of me(they said they tried to call me at work and home)that they just ok'd the loan and put the money in my account.that makes no sense
reply
Crap. That means you now have an MTE loan. Wonderful. And, I'm sure it's too late to "decline" the loan. You know that they are unlicensed/illegal, right? Did you use the funds? Are they gone? If the funds are still there, I personally would tell them you'll pay them $300 principle amount only that was deposited into your account and be done with it. Of course, closing my account the entire time. They are now going to make your life miserable. How long ago did they deposit the funds? Are the funds gone now?
crap is rite
i did use the funds and now my savings account is in the negative.I don't get paid until next week and I have no money.I don't know what I'm going to do.I have kids and no family help or anything.I did'nt **** the money off.Ipaid bills
ugh!!!!!!!!!!!
i'm almost tempted to get another loan to pay off the loans.I know that's not the smartest thing to do.I have had the same account for 4 years and it has never been negative
Don't get another loan. It will just compound the issue. They wi
Don't get another loan. It will just compound the issue. They will continue to debit your account until it is paid off. If you get a second loan then you will have another interest fee to pay on top of it.
reply
sadie, as pyb posted, do not get another pdl. You'll be worse off. Of course you didn't screw the money away that you received. I'm sure you did pay bills, as we all did when we received funds. All I want to stress here is that MTE is unlicensed/illegal. They are not licensed to do business anywhere in the United States, so they are going to be ruthless. You need to send them a letter revoking any further debit authorization from your bank account. I understand that now your account is in the negative. You need to get your bank account straight first. Okay? They need to put a hard debit block on it so that nothing will be able to go through your account. Because MTE will continue to hit your account and it will just keep getting further and further into the negative. Not good. Do not communicate with MTE via telephone. You need everything documented. As I stated, they are illegal. So try not to communicate via telephone. Use email or USPS only. But, please, go to your bank and get it so that they put a hard debit block on that account. Otherwise MTE is going to keep putting their debits through. Can you do this and then come back here and let us know the status? Then we can help you out with MTE. Please get to the bank first so you're not going to be put further in the hole. We can help you here.