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Arrowhead Funding & Arrowhead Investments

Date: Wed, 05/09/2007 - 12:58

Submitted by anonymous
on Wed, 05/09/2007 - 12:58

Posts: 202330 Credits: [Donate]

Total Replies: 6


I recently joined and I am finding this site to be most helpful an I hope to be on my way to being debt free soon.
I took out a couple PDLs and I was unable to make the payments, I have been receiving calls from someone claiming to be attorney representing Arrowhead and that if I dont wire him the money he is going to have be arrested. Each time I speak to him the amount is increased. He wont tell me what company the loan was with only that he has numberious lenders he works for. His name(s) he gave me to different ones Daniel Wright & Travis Graffin and when I told him I was unble to pay he said I was going to be arrested. Is this true do I need to call someone at the police station I am scared and confused.
Judy


Arrowhead sells its loans to Westbury and Westbury uses Bass Prelitigation to do its collections. You can read plenty on this site about Bass. Don't worry. You're not going to be arrested. That's the oldest and dumbest scare tactic there is. Think about it . . . if you don't pay and don't get arrested the collector has ZERO credibility.


lrhall41

Submitted by on Wed, 05/09/2007 - 13:29

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Guest has said it all. Don't be afraid of the scare tactics used by the attorney. They are all empty threats. He is violating the laws by giving you a fake amount each time. That shows he really wants to pocket your money. Nothing will go towards your account.

Get the debt validated by the attorney because if they really have your account from Arrowhead, they must show the latest status of your account. Without this info, don't agree to pay anything. Send the DV letter, CMRRR and cover your basis legally.


lrhall41

Submitted by weeswie on Wed, 05/09/2007 - 15:08

( Posts: 382 | Credits: )


I had originally called Arrowhead about a loan, since I had had one before. They transferred me to VC Funding where I ended up taking out a loan. I am not sure if they are the same company. I am about to default on my loan with them and am trying to send them a letter, but cannot find anything on them (VC Funding)


lrhall41

Submitted by Bublefan1 on Thu, 05/10/2007 - 09:43

( Posts: 186 | Credits: )


Irecently had my bank information stolen and had to close my account. I had a payday advance which I processed on-line and evidently they tried to debit my closed account. No one from their company has tried to contact me and I have no phone number fr them. Today I received a call from a collection agemcy saying I was going to be prosecuted for defaulting. The only information they would give me was that the company was Arrowhead Investments but no other information. I can not locate this company on line. Please help.


lrhall41

Submitted by on Thu, 05/17/2007 - 13:49

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I have been dealing with this Daniel Wright as well only he's repreenting a group named CMG Group! He threatened me also with court and jail. He even left a message for me with someone at my job telling them that if I didn't call him back when I got back to the office that I might be arrested!

I am taking some information into work tomorrow to hand over to our attorney to see what he can do. How have you made out with all this crap?


lrhall41

Submitted by litlee8 on Sun, 07/08/2007 - 18:44

( Posts: 58 | Credits: )