Who is Rio Resources and why are they taking money from my a

Viktor,

Could you please elaborate a little more?

Well, I do not want to volunteer any information that I believe may benefit the payday vultures who I suspect are monitoring this site for information to help them further elude the law and continue to steal money. I have reached out to law enforcement because I believe that the payday companies are deliberately and brazenly breaking state and federal laws, not to mention engaging in fraud. I don't know who's who on this website, but I just want to express my belief that these payday loan-con artists-trixters will soon be brought to justice by government entitiies responsible for enforcing the law... I believe that this will be happening soon, big time! Have a nice day. :-) 1000% interest...I don't think so!

i ttok out a loan dont have aphone number any thing for tham so i dont have ahecking account no more

i was post to have took out aloan from tham i dont have a number for tham now i dont have achecking account

they sent my and email to let me know they were taking a payment out i never got a loan from them recently i had one couple month ago paid off!!

Just curious? Does anyone ever read a contract or do we just say hey there's free money let's get it and never pay it back.

Perhaps? Not to sure. Might want to get an education? You may not need a payday loan. They say when you use correct gramar you may get a raise. Food for thaught? Perhaps??

Oh spelled wrong sue me !!!!!! Im not perfect and i'm sure your not !!!

Thanks alot and i did pay i never renewed the contract they got the money i borrowed back an yes i can read and i have a education i did not come to this forum to be bad mouthed get a life !!!!

On the May of 2006, I got a loan from this company called GFSIL for $200.00, our agreement over the phone is that I will pay them back the same Friday of the week, cause that is my payday. The following next Monday I checked my bank statement, it show $80.00 withdraw from GFSIL. I called them and asked them what is going on, they said I'm supposed to call them 3 days before I'm supposed pay them back. But they didn't told me that over the phone and also that is not our agreement.
I then told them to withdraw the money I owe them right the way, which is another $275.00, but they told me that they cannot do it right the way, they have to wait till May 31th, wich is on Wed.
But back in May 26th when this company GFSIL took the $80.00 out of my account and this RIO Resources also took out $30.00.
But at that time the amount is too small, I didn't noticed.
So after that day, I thought everything is taking care of, and is a done deal, and I hardly check my bank statment anymore.
On the June 9th RIO took out another $90.00, June 23rd another $90.00, July 7th - $90.00, July 21st - $140.00 and Aug 4th - $125.00. I finally checked my bank statement due to some checks has bounds.
This RIO been taking out close to $600.00 in my account during these 3 months
Now who are you RIO? I never done any business with you guys, why are you taking money out of my account???
I reported to the bank beinging of this week, the bank file a report, and RIO returned $445.00 of my money back yesterday, which is Aug 18th.
Now if I do have business dealing with RIO, why do they returned my money back to me? So now is showing that RIO realized we are on to them, and they gave me some of my money back, but they still owe me $120.00, which I'm going to report this matter to the police, and file charges againest them. I find this website, and tried all the numbers, 866-539-7504, this number you only going to talk to the machine, (505) 293-2316 and this is not a working number, 804-687-3959 a guy answered, but when I asked is this RIO Resources, he said is a wrong number and hang up on me.
People, if you reading my story, let's put this together and go after this RIO Resources, don't just sat there and let them do that to you and somebody else. I believed RIO Resources and GFSIL are the same company. They used GFSIL to loan me the money, and then used this RIO company name and take the money out of my account, is a scam!!!!!

Kenny, Rio has done this to many many people. If you read the forum you will find lots of horror stories about them. You need to block them from your account and the only way to do this may be to close it.

I agree with Sue..Even if you do a stop payment they can still sneak around it. Plus, stop payments are only temporary, and who knows what they'll pull when it expires. Rio is not exactly known for making payment arrangements, you really should consider closing your account at this point.

RachelFFF is right they are a no-faxing-payday-loan service. And they been taking out $110 out of my account like twice a month when trying to call to see if they can discontinue I just get a recording that the next schedule payment of loan pay off has been processed it is too late to make changes. I requested for a fax of change of information. Which was a recording as well. I have not received it yet but so far the number is 866-539-7504 as states on RachelFFF comment. This was my first and last time processing one of these. I am really upset with the outcome...I more then paid off my debt.

yeah these people did the same thing to me, but luckily i caught them at the beginning and did a search for their name and found this site, let my bank know about them and they are closing my account and i have to open a new one. JERKS! hope they get caught and charged BIG time!!

i am having the same problems also but i would like to know what would happened if i closed my account and got a new one what could they do

msims, after you have closed your account, the loan company will contact you for making the payments. In most cases, they simply hire a collection agency for recovering the amount. Have you contacted the company and worked out some payment plans with them? If you are able to work out something with them, you can stop a lot of aggressive collections that might come your way in the future. I will insist you to call the lender and see if you can pay off your debt through some arrangements.

Christina you don't understand it is not a collection agency. It is a company fraudlently taking out money in our accounts that we did not authorize them to take out the money. We do not owe Rio Resources any money and if you read everyone comments you will see. It all starts with a pay day loan you take out..You pay the pay day loan off and sneakly another company that is not your pay day loan starts taking out money in your account as well and that is illegal.

That certainly is illegal. Any loan company must have the authorization first before withdrawing money. Well, it is more important to take legal actions against such companies with whom you don't have the loan and they have access to your bank account. Either, you should change your bank account or get your bank to block the company from doing the debit further. You also need to file your formal complaints with the FTC, your local AG office etc.

I have had the same incident as many others have had. I only had a $25.00 debit to my accout, but many others have had larger debits. Is this process legal. how can an istitution withdraw money from accounts and the owner of the account have to reccolection of debit. isn't it required by law that they notify you before withdrawing money, whether it be a past debt or not? this strikes me as odd that so many individuals would be having the same issue and have no clue what this company is??? please provide me with some answers. and leave a CORRECT number!

~john engelhart

I just called Rio Resources to make arrangements on my loan Margo would not help at all. She said that it was being turned over to an outside collection agency on 9/16 unless I paid it immediately. Well its the 14th and United Cash is now calling and being threatening, so much for the 16th. I can't pay the lump sum what should I do since neither company is being helpful - and they certaintly aren't nice!!

Rio Resources outside collection agency is United Legal Corp. Rio Resources is not licensed to lend in any state, and they violate several state laws. United Cash Loans is on the level of Rio Resources. They are both located in Miami, Oklahoma at the same address. How much was the loans for and how much have you paid so far? What state do you live in? Some states have banned pdls, and alot of states have made laws tougher on the pdls.

I live in Oregon, The original loan was for $200 and I have paid just over $300 in 1 1/2 months(I'm sure it is all "renewal fee")

kitchenparamedic,

Here is something I found in regards to Oregon.

Quote:

Rio Resources, LLC
147 Eubank Blvd NE
Albuquerque, NM 87123
Phone: (505) 293-2316
Fax: (505) 293-2384
apryl(at)invcity.com
compliancedepartment(at)rioresourcesllc.com


MTE Financial Services dba Rio Resources
1-866-702-0269 phone
1-866-286-2669 fax

I also filed a complaint with the New Mexico BBB
http://www.bbbsw.org/BBBWeb/Forms/Business/CompanyReportPage_Expository.aspx?CompanyID=44312

I'll let everyone know hat happens...

I need a phone number for this company and their website. My teenage daughter acquired a payday loan from them and I ws not aware of it until I saw my bank statement. I am willing to pay the money back but I need to contact them for an address and talk to someone there.

These guys are rip off artists at their best...I finally got thru on this number 866-465-5054

Keep trying to find a number bcause these people are no where to be found. I have been calling the 866 number for a week now and Iam having no success.
These people are charging me for a loan that I have not received yet, and I have tried those numbers above and I found a Brandon who seems disturbed about the amount of calls he has received in reagards to Rio Resources and the 505 # is disconnected so I am about to go legal on this company and stop payment on them also. GOOD LUCK!!!!!!!

You will need to do a stop debit on this company with you bank and file a complaint with your AG. That is ridiculous to even take money when they never put anything in your account, they are all crooks.

"PostPosted: 21 Sep 2006 05:20 Post subject: Arrowhead Investment Payday Loans
I need a phone number for this company and their website. My teenage daughter acquired a payday loan from them and I ws not aware of it until I saw my bank statement. I am willing to pay the money back but I need to contact them for an address and talk to someone there. "

Gayle - or anyone, were you able to find a number for these people?? I also need a number to contact them, I am considering closing my bank account just to get a letter from SOMEONE at Arrowhead to contact & pay the thing off.

I finally found have a phone number to mte financial services with real people try 1-866-859-6129.

Gayle - I found a number for Arrowhead Investments after much searching! Its 1-866-355-7308

coldplayfan, that loan is null and void and I believe they should have to write it up to their own stupidity. Minors are NOT allowed to enter into contracts like this without their legals guardians conset.

Does anyone have a website for these jokers? I applied for a loan thru tendollar and never got a confirmation.

I got an automated call from them and the number leads me back to nothing but they are going to debit my account on 10-13.

What is thier website so I can see my "account"

cocacolakid
I think it's tendollarpaydayloan.com.

They have taken several amounts from my account at different times. I have contacted my bank and through some research I found that Bremer Bank is taking the money out for this company. It's a big mess to say the least and It has caused me great trouble. I advise anyone not to mess with them.
I have this number if anyone wants to give it a try
Bremer Bank
651-734-4726
I have called and left a message but to no a vail no one has called me back.
Fill out an affidavit with your bank and they will get you your money back. It's taking lots of time for me but this is necessary or they will keep taking from your account.

Tracy its Brenner Bank . I also have got no response from them. I would complain to the Attorney General in your state . Good Luck KYSIDE38

Also file a complaint with the Credit Commissioner of Oklahoma and The Tulsa FBI. The only way to get them shut down is for all of us to file complaints. If you need the addressess/websites PM me and I will be happy to give them to you.

My advice would be to file all the complaints that you can against these people. I feel like when enough complaints get in the right hands something will be done. KYSIDE38

RIO took 60 from my account but my bank put it back, i immediately got a call from RIO and they told me i had 10 days to respond or they would send it to collections, whatever. I have heard nothing more from them. I dumped my account down to .01 and opened a new one with diff acct number. My bank is telling me RIO deposited 200 in my acct in sept w/o my knowledge, how i dont know but they are now SOL.

i didn't know anything about this co .i was in a bind and needed quick cash. they apprved the loan today11/17/06 they took 360.oo in one day 4 transactions i am repoting them to the bbb and calling the state attorney gen. they should be out of business. i want reimb for all the financials hardships i am enduring becse these transactions

rio is a ripoff. i didn't know but now i know just file complaint with bbb and contct state att gen. to f----2447o0 to get them out of bus. :oops: :x

Welcome to the forums. What state are you in? When did the money go into your account? Give us a little more info and see if we can help. KYSIDE38

Do not give out your cking acct # dont ask for quick loans-very bad! Dispute your eft draft and close your acct. I paid all my loans back and several months later, they started debiting my cking acct for no reason. The bank says don't give out your bank acct #-go to a credit counselor.

In their Privacy Policy they have a valid email. They will respond withing 24hrs. I got my problem taken care!

Quote:

WElcome to the forums. You are more fortunate than most to get the problem taken care of. Sure glad that you did. Best Wishes KYSIDE38

I called that number and it don't allow you to talk to anyone but it will hang up on you.

for all those who have had dealings with mte i wouldly simply call my bank to have all withdraws stopped..or you can simply change your account number. these slime balls will not take you to court and as far as garnishment of wages most states require a court order. do not let these slime ball thieves get away with this.

ya ever think of taking maybe taking a third grade spelling lesson!!!

the spelling lesson was directed at rukiddingme

I hardly think critizing posters spelling errors will assist anyone in this topic. We are here to learn or assist people in dire financial trouble. Please learn a little self control on negative comments.

just a side note, rollxman1 - the person you directed the spelling lesson at was posting prior to the forums' being closed off to guest postings, and will probably never be back to see your remark towards them. They posted last year.