OK HERE WE GO - MTE Financial Services

also what is CL verify

LOL. Do not let MTE intimidate you Sjanes. I received the same email from them after I defaulted. I think it is a default email they send out. If you paid the principal off already just hang tight untill they respond to your BBB complaint. They will call so have a C&D on hand if ya havrnt sent it out already.

[quote]In accodance with your loan note and disclosure agreement, a $30 return fee will be assessed and debited from your bank account. [/quote]

They can't even spell !! lol!^^^

If you are thinking about contacting their processor, you will need to send them an ACH revocation letter first. If they are scheduled to debit your account tomorrow, sending them a quick email tonight revoking their ACH rights would be the thing to do. Then, if they try to debit your account tomorrow, call the bank, get the phone number of their processor, and let them know that they [MTE] broke the law by NOT honoring your revocation request! The processors will probably give you a hard time, but you need to be persistent, tell them you will forward the revocation email as proof. Perhaps llw will be around tonight to offer you advice on the correct course of action dealing with the processors.

Send them a copy of this:

Well Shazz, here I am. srjanes. .like Shazz has stated, if you haven't sent that C and D letter yet, please do so via email now, if you can. They will need to have it before you go to the processor. I would talk with your bank and see if they can enlighten you on the processor but I am going out on a limb and betting that they are using Intercept EFT. I know that ameriloan and UsFastCash are tied into that whole reservation thing, so I would try them first. Ask to speak with Cindy. Tell her you have revoked the ACH authorization but they will continue to debit your bank account. I also know that they use Bremer Bank as the originator of the loan so that is also another aspect to consider. After I spoke with Intercept, they emailed UFC and I heard from them almost immediately. Once you speak with Intercept, shoot off an email to the PDL letting them know that you have spoken with their processor. I know that it is advised to hard copy your C and D letter to the PDL but I never sent anything to anyone. Everything was done strictly by email.

WhenI started all of this I went to my bank and actually paid for them to do an ACHblock on all my PDLs because PDL assistance told me not to close my account will I closed it anyway and I have copies of the ACH closure requests from the bank, I then use a letter I found here. You more than likely know which one I am talking about. It covered everything revoke ACH, C&D, Michigan laws, and by the way you owe me money. I faxed, emailed and mailed what I could. Thursday I sent another round of letters to remind all of then I revoke ACH. And just to be a smarty pants (I would not say that IRL) I sent them copies of my complaints with the AG, BBB and now the FTC.

It will be nice to actaully enjoys some of my paycheck.

Can they get me on this CL verify thing?

llw1995 do I have to wait and see if they try to do the ACH before I contact intercept?

No. When I contacted Intercept I had already issued my revocation letter and it was actually a good two months since they had debited my account but I was still unsure if they would try sometime down the road. They had the records so they knew exactly when they last debited my account. They emailed UFC while I was on the phone with them but to this day I don't know what they said but I got my PIF in less than 2 days. Hope this helps.

Thanks for the help. Bad storms here so I keep losing my connection. I think I will call intercept on my lunch tomorrow.

So I open my email today and I have the the following letter from OKDOCC. There is some hope. I received 2 letters one for ameriloan and one for Paycheck Today.

To Whom It May Concern:

The loan in question does not meet the requirements to be classified as a Deferred Deposit Loan; therefore, it would be a supervised loan even though the documents are not in compliance with the Oklahoma Uniform Consumer Credit Code (UCCC). Section 3-501 of the UCCC defines ???????Supervised Lender??????? as a consumer loan in which the rate of the loan finance charge exceeds 10% apr. Section 3-502 of the UCCC states unless a person is a supervised financial organization or has first obtained a license from the administrator authorizing the person to make supervised loans, a person shall not engage in the business of (a) making a supervised loan; or (b) taking assignments and undertaking collection of payments from or enforcement of rights against debtors arising from supervised loans. In addition to ???????civil and criminal penalties,??????? under section 5-202.2 of the UCCC, if a creditor has violated the provisions of this act applying to authority to make supervised loans (section 3-502) of this title, the loan is null and void and the debtor is not obligated to pay either the principal or loan finance charge. If he has paid any part of the principal or loan finance charge, he has a right to recover the payments or enforcement of the rights arising from the debt, the administrator may initiate administrative action against an unlicensed person as if the person held a license if the person is found to be engaging in the business of making supervised loans.

The Department of Consumer Credit hereby considers this a ???????Notice of Cease and Desist??????? to American Consumer Credit, LLC. Void the total of payments (principal, interest and any other charges) on this loan made to XXXXXXX. Refund all monies paid by borrower on this loan and any previous loan within 10 days, (with copies of refunds to this department). Review all loans made in the State of Oklahoma and make refunds on each of them as instructed. Remove any loans that have been improperly reported to credit bureaus from the consumer????????s files. Do not make any loans to residents of this State of Oklahoma until and unless you are properly licensed with this Department of Consumer Credit as prescribed by Statutes. Appropriate action will be taken if you fail to comply.

Sincerely,

James Snell

Sounds like things are going in your favor. Hopefully you will get your PIF and your refund without any further communication from them.

So today I received a email from Cash Advance Network Stating I needed to call them regarding my account. Everyday I send the same emails saying toonly communicate with me by email or usps. I let them all know I have overpaid, sent complaints to the BBB, AG and FTC. I know I have only just begun this process, but happens if this continues like this. They just say call and we will talk. I say no thank you email me instead. Put in writing. I do want to avoid any calls made to my employer if at all possible. Is this how it all starts emails and then threats over the phone? just wondering.

for me it was phone calls first,then after i sent the letters out the emails.i would keep it them.you are doing great.keep us posted.

Update: Yesterday I spent most of the day emailing Ms Brown at Paycheck Today. This went on for hours. It came down to look I need you to provide me with your license to lend here in my state and hey just do you have a license at all? The last email I receive from her was this morning pretty much telling me do what you have to do because there are people who want to pay their loans and to stop emailing her. Well I sent one more message back to her saying. FYI you are the one who sent me all those messages yesterday, and all I wanted to know was if they were licensed in my state because if they were I might consider their settlement, but just so you know if you are licensed in my state you are not complying with our laws. the next email I received from her was an address for another person working there.

So I emailed him and said I am not sure why Ms. Brown gave me your address,but read the messages below and please email me back.

Well it has been many hours and still nothing.


I also did speak with OKDOCC today and they werevery helpful. They have sent letters to my loans that are MTE related. He said that I should not even pay on the ones I owe becuse they are all illegal and according to the State of Oklahoma any loans with these companies are null and void. I am not trying to get away with not paying the principle on the 2 that I owe as a matter of fact I email them everyday, telling them to send me a address so I can send them a money order.

I have not heard one thing from Discount Advances, Loanpoint USA (geneva roth) left me a voice mail, so I emailed them back, Netcash USA sent one email and I responded but nothing since then.

Same here. I owed ameriloan $350 as principal, because I feel obligated since I borrowed from them it is only fair. After reporting them to all of everyone, and being that VA is very strict. They haven't contacted me at all. Hmm, oh well, I will wait and see what happens. On the other hand, I cannot send money to a place that does not ackowledge my proposal offer. Their loss! :lol:

Removed by Shazzers
Reason: Solicitation is prohibited per TOS rules.

Rosemary, loan solicitation is prohibitad here. I think you might have this forum confused with another site.

Ok tonight there is some progress. I was logging into my account to see if anyone just went away. Well.... ameriloan is gone!!! PIF!!!!! I over paid them so maybe I can get a refund. I doubt it, but hey they are gone. USFASTCASH now says I owe them $560. I really owe $195 in principle. They are crack heads!! I am hoping more of the MTE idiots follow the lead of Ameriloan.

keep on them,that is how they deal sometimes.they will be good on one loan but a pain on the other.they have about 20 d/b/a's.you are doing great love to see a creep entity like MTE get theres.

I thought I read here somewhere that Discount Advances was part of Credit Protection Depot. They had been debiting my account as Dredit Protection Loan. Sounds like the same company. Anyway, I have not even been able to access that account in about a week. I emailed everythin and faxed everthing. I do not know if they received any emails. I read here that someone call their number and spoke with a supervisor and explained their laws and the loan was marked PIF.

Is that the case with these guys. They are the only ones who have not contacted me.

im having the same problem with usfastcash...and i only owe them $65 bucks...but yet they want $200 bucks from me..

Another Victory today. I go through the same routine every morning. Send USFASTCASH and MTE Financial an email sayinghey give your address so I can send you what I legally owe you. Well today I get something from USFASTCASH saying ok fine send you $195 and your account will be PIF. Last night it was you owe us $560 and now they will accept $195. Thank God that one is done.

Discount Advances has closed my account and has marked it PIF!!!! It has been a pretty good day.

Thank you everyone here for all of your help. I have 5 more to go, but I know I can do it. I only have one more that I legally owe on it is MTE financial. I am so glad I decided to do this on my own. i have saved so much $$$. If I would have stayed with all these loans I would have paid another $5000 before they were completed.

I do agree, repay the principle. But nothing more. I was very scared at first. I did not want to close my account, but I di and I am glad. I have my paychecks back and I can get on with my life.

I am so happy for you Srjanes! Great Job!! 8) :lol:

Loan Point USA just sent a message saying my accound will be cleared on the next due date. Which is 6/25.

srjanes.. .I am curious to know, did you contact their processors? It seems as if these PDLs are becoming more accepting of a PIF or just paying what you owe on the principal since the processors have been made aware of the fact that they have been debiting on revoked accounts. I am just wondering if people are seeing benefit from previous complaints.

I only contacted Intercept. I spoke with Stephanie and she was not very helpful. I expplained that I had revoke ACH authorization on 6/2 ans asked if there was any activity to do ACH on my account on 6/10. She said yes but I would need to go to my bank and file a written penalty of purgey form. I she also asked if I had fulfilled my contract with their client. Anyway she said she could not do anything for me. So I did fire off some emails to the companies just stating that hey I spoke with Intercept about you and hey MTE I have an email from you dated 6/6 that you would not try to debit my account and you did about 11 times.

I still have to deal with PAYCHECK TODAY, MTE Financial, CASH ADVACNE NETWORK, and NETCASH USA.

I know three of the are MTE. The state of Oklahoma also sent me copies of the letters they sent to them as well. I am hoping by next week there is more progress.

I could also be that I email these people multiple times during the day. I have not received any calls either. I do not know. But of what I have left I only owe on one and if they want anymoney from me then they will come around.

srjanes. .thanks for the input. When I called Intercept I spoke with Cindy. She was a sweetheart and got my PIF status within hours. I spoke with them early on in the process, right after James suggested that route, and I think they were not aware of what was coming down the road with the flood of phone calls and emails they were about to receive. I think they got a little more "strict" after that. I thank God I called when I did. Congrats and keep us posted.

Who is MTE processor? Can Cindy handle them too?

I would try Intercept EFT. I know they process for ameriloan and UsFastCash. Ask to speak with Cindy. As long as the C and D letter has been sent, she should be able to guide you.

Ok so this is not a good day. I just found out that Paycheck Today and Cash advance Network are turning me over to a collecton agency. Cash Advance Network would not say who. But Paycheck Today turned it over to ACA Recovery. What can I do about these guys? Are they legal? Has anyone dealt with them? I actually have overpaid on these 2 loans. Unbelievable.

Well I have more news. I started with 9 PDLs and have everything narrowed down to 3. Maybe it has not been so bad since most of mine were overpaid by hundreds. Anyway the last 3 are Paycheck today, Cashadvance Network, and MTE Financial. As you can see they are all MTE. I only owe MTE $72. the others are overpaid. The funny thing is I had 5 PDLs with MTE d/b/a's and the other 2 marked my loans PIF. I was told that the owner did not like my actions as far as reporting them so they were sending these to collections. Gee I'm so scared. NOT!! I have copies of the letters OKDOCC sent to all of them so I think I should be good. I think the collection Agency is ACA Recovery/Norman Kalina. Not scared of them either. They are not licensed in my state. Big surprise. So the battle continues.

Thanks everyone for all your help!!

I just e-mail all the payday lenders I am dealing with and told them I would pay whay I owe and that is it! I contacted the BBB and the attonery general in my state. I am willing to pay what I owe and nothing more. CrOOOKS!!!! I have loans with 500fastcash, nationalpayday, unitedcashloans, and my1direct. I have been reading that the first three are all under MTE financial. Is this true. The laws in Michigan state that only one loan can be made at a time. I really want this to be over. I wish I had never taken out these loans. I never want to act desperate again. I am not even sure if I am handling this situation correctly. HELPME!!!!! :oops:

What is a PIF? I closed my bank account. Are they still trying to get money from this account? Will my bank contact me regarding this? I explained to them why I wanted to close my account. Can the bank take action against me?

A PIF is a Paid in Full. Have you sent a C and D letter? Your bank will contact you if the debit overdraws your bank account. On the legality issues of your state and your bank I would defer to someone who can interpret those laws for you. Someone should be along shortly to help you out with this.

MTE sucks

MTE sucks

Hello I have been dealing with the same issue as many above.
After some research and reading I discovered the Indiana payday regulation. Of coures I have found this information about year to late and have paid thousands of dollars in interest on PDL's that according the IN PDL regulation were mot legal in the state of IN. So I started contacting many as yes I had many PDL's outstanding and after e-mailing them many times quoting IN PDL rugulation on rates etc. and sending copyies of such laws and lots of sticking to my guns. All but two companies have back-off and maid my accounts PIF. The to companies I am having trouble with are MTE Financial and Little Loan Shoppe. Both companies have paid way way more in interest pat then the orginal loan amount.
Does anyone have any advise on these two companies.

Hello I have been dealing with the same issue as many above.
After some research and reading I discovered the Indiana payday regulation. Of coures I have found this information about year to late and have paid thousands of dollars in interest on PDL's that according the IN PDL regulation were mot legal in the state of IN. So I started contacting many as yes I had many PDL's outstanding and after e-mailing them many times quoting IN PDL rugulation on rates etc. and sending copyies of such laws and lots of sticking to my guns. All but two companies have back-off and maid my accounts PIF. The to companies I am having trouble with are MTE Financial and Little Loan Shoppe. Both companies have paid way way more in interest pat then the orginal loan amount.
Does anyone have any advise on these two companies.