Beware of MTE Financial - It can debit your a/c without authorization
email address removed as per forum rules - Mike
Paid in full confirmed
Well, I have confirmed that my loan is paid in full with Quickest Cash Advance without incident. Hopefully it will stay that way when next payday comes around.
Shona congrats for getting your hands free from the pdl company.
Shona congrats for getting your hands free from the pdl company. Do you have the PIF in writing from them? It will be a very important proof of the loan being paid.
Congrats Shona! That is great! :):):) Make sure you have that PI
Congrats Shona! That is great! :):):) Make sure you have that PIF in writing like Bridget said, that way you will have recourse in case some bottom feeder decides they want to come collect.
RIPPED OFF TOO!!!!
DO NOT>>>>I REPEAT, DO NOT use any services from MTE FINANCIAL!!!!!!!!!!
I just discovered that I have been getting ripped off all the way back to November of 2006 and possibly further, but no way to tell since the bank only goes back 6 months online.
I have been screwed for 30,90,90,90,140,125,110!! I just filed a claim with my bank and I MAY...only MAY be able to recover the 125 and the 110....they only go back 60 days on fraudulent activity and I just missed the 140 debit by two freaken days!!!
I hope any and all of you screwed by these b@#$%$#s get some of your money back!! Good luck!! :evil:
Mte Financial
My boyfriend had a laon through MTE and couldn't get a hold of them so he closed his bank account. He got two call from them and one e-mail and then nothing for over a mont now. He used the service once and had one two week $90 debit, and never paid them off. what happens?? If ythey don't contact you or anything? They can't press criminal chrages in CA so what can they do?? Any one know???
mte financial
I couldnt understand why i was getting overdraft charges by my bank. when i went in they told me that there were several debits from my accounts for amounts varying from $90 up to $140.00 and they were all unauthoriazed. I never applied or got a payday loan from them or another company. There was no record of a credit on my account but all the debits were quick in coming out. The bank could only go back 60 days and they refunded my money to me. The bank had no contact info on them. I then got an email from them stating that i owed them 795.00 and they would settle for 25% discount and i didnt even get a loan from them in the first place. This is totally unfair to all the people this has happened to, and I have yet to get my overdraft fees back that this has caused. I was only able to get $555.00 back from my bank that they took and that was only going back 60 days, there were a few other debits even before that.
I'm sorry that happened to you. To prevent this from happening a
I'm sorry that happened to you. To prevent this from happening again, you may want to close that account and open a new one. Unfortunately these companies are very crooked and may attempt this same thing again. Better to be safe than sorry. File a complaint with your state's attorne general's office against this company.
One of the reps just called my job to speak with an employee. Th
One of the reps just called my job to speak with an employee. The rep's name is Victoria and their callback number is 10800-325-8208. so I called the number back and I asked them the name of the company and she stated that the name is MTE Financial. I hope my co-worker isn't caught up in some type of scam. Anytime that you are dealing with a payday advance company, it's a good ideal to remember why you are needing their service in the first place and to also remember that you can't fix a problem with a problem. Take Care and slow your spending. Know you money limitations and get rid of the things that you don't need in life that are costing you to not be able to keep your heads above water. Things like, cell phone, name brand clothes, eating out and simply trying to look as if you have something when you really don't have anything.
ripoff azz
Mte fin refi, i am very angry w/this mess.. I called these people and they r total ripoffs.. Spoke to a annie .. They hv taken total of 500.00 from my account.. And i am so levit.. They said i didnt want to pay back the full amout of the loan which they document that i could recall didnt say that i assumed that they were gonna take the whole amt of 300.00 that i had borrowed.. U have to really watch these people.. Rep said i had 325.00 left which again is totally ridiculous.. I am goin to report them to bbb also///whn i called 866-465-5054 they said it was there collections dept.. Man this as messed up my account and taking care of my finances..
crooks
these people never answer,and the phone hangs up when i call....i have paid 90 dollars 4 times and 140 dollars once on a 300 dollar loan........i think i am going to close my account and open me up a new one
DEDUCTION FROM MY CHECKING
Hello
I had a deduction from my checking account on sept. 27
For 110.00 dollars could you tell me why
i recently received a payday loan and i don't have the informati
i recently received a payday loan and i don't have the information (phone number) to call and pay them off..it's not mte financial; my bank statement says 'money line'..and it gives a id number and co number..i called my bank, which referred me to moneygram..moneygram told me it was from 'mycashnow',which i have used in the past..i called mycashnow, and they said no, its not them..how do i track down which online payday company this is to pay off the debt?? i've already opened a new bank account, and i will close my current account once my other bills are paid..
reply
frustrated, no wonder you are frustrated! How in the world are you supposed to track it down? They said it was one pdl, but the pdl said it wasn't them? Do you have any other pdl's out?
Your Loan amount check to see if it is a PAY DAY OK loan
For $30.00 your bank can put a stop noteon this action and your bank will refund the money but they will also find out if this is a loan you applied for in the past. See if any money was deposited into your account. Good luck from the Doc13
MTE Financial Aliases
MTE Financial has a number of active websites through which they conduct their online payday loan business. It can be somewhat difficult to find all their aliases because they don't publish this information. One way to determine if your payday loan company (or website) is actually MTE Financial is to search the website for their primary, toll-free number. If it is there, then there is a good chance that you're dealing with MTEF. On the other hand, if you don't see their primary number on the website, it is not necessarily an indication that it is a different company because they do change their numbers from website to website - most likely to make it difficult for borrowers to identify them.
The following website lists some known aliases for various payday loan companies:
easypaydaylender.com/Content/PaydayLoanCompanyAliases.htm
Hope this helps...
questions
I took out a payday loan awhile back and when they do remove it from my account...it's always different totals. I can't seem to find out how much I owe but I can figure how much I have paid. I'm pretty sure I borrowed 300 and I've paid , at least, 795. I thought it was only suppose to take out a certain amount. I can't seem to get a hold of them to end this...or better yet...get back some of this money! lol
Crife, Welcome to the fourm. We would be happy to help you solv
Crife, Welcome to the fourm. We would be happy to help you solve this. Did MTE do this or was it another company? If it was not MTE could you tell us who it was. and what state do you live in? IF you want us to help you when you post the information, it would be helpful if you start your own thread so we can find you easier. :D
Ok.....let me go look up IL laws and I will post them in a minut
Ok.....let me go look up IL laws and I will post them in a minute.
r
crife, I will tell you now that MTE (whoever they loaned you the money as doesn't matter) is NOT licensed/legal anywhere in the United States. They have approximately 20 d/b/a's that they use. However, if your debits are showing as MTE, it's them. And they are illegal. And they will debit you until you are dead in the ground. I know it's safe to close your account in Illinois. You will honestly need to close your bank account. MTE is horrible, evil, nasty. :evil: They will NOT stop debiting. The only way to get them to stop is to close your account. And getting any kind of refund from them would be an act of God. I'm going to post something by goudah (one of our members) regarding closing your bank account. Read this and if you have ANY questions at all, please post! :D
Crife, not sure about most of what? MTE is not going to be lice
Crife, not sure about most of what? MTE is not going to be licensed but here are the laws:
Quote:
Illinois State Information Legal Status: Legal Citation: 815 Ill. Comp. Stat. Ann. ???? 122/1-1 Loan Terms: Maximum Loan Amount: lesser of $1000 or 25% gross monthly income Loan Term: 13-45 days Maximum Finance Rate and Fees: $15.50 per $100 Finance Charge for 14-day $100 loan: $15.50 apr for 14-day $100 loan: 403% Debt Limits: Maximum Number of Outstanding Loans at One Time: Two Rollovers Permitted: None (cannot rollover) Cooling-off Period: 7 days after 45 consecutive loan days Repayment Plan: Yes Collection Limits: Collection Fees: One $25 NSF fee (Presentment limit = 2) Criminal Action: Prohibited Where to Complain, Get Information: Regulator: Illinois Division of Financial Institutions Address: Consumer Credit Section, 320 W. Washington Springfield IL 62701 Phone: (888) 298-8089 Fax: Regulatory Contact: Phil Sanson,, Acting Consumer Credit Assistant Supervisor Regulator Website http://www.obre.state.il.us/default2.htm |
r
Quote:
Before you close your bank account due to payday loans eating away at your paycheck, please read this. Some banks have a policy regarding ach transactions that allows them to force open closed accounts if any ach transactions go through within a certain time frame after the account is closed. This can leave you owing a legal bank $1,000's and reported to chexsystems, instead of owing barely legal (or not at all legal) payday loan companies. Not a good thing. Ask your bank what their policy is on ach transactions on closed accounts before you close the account. It's best to go in person and talk to a branch manager. If your bank does have this policy, tell them your situation. Don't be embarrassed. Take letters with you showing that you have revoked authorization for each of your payday loan companies to debit your account. Tell the bank to put your account on deposit only, an ach block, or a hard hold before they close the account. Your bank can do one of those, don't take no for an answer. This will prevent any payday loan ach's from reopening the bank account. It'a always best to close your bank account. Leaving it open gives ways for the payday loan companies to continue to take money out. These companies have many different dba's, so blocking them won't work. They will also produce paper checks and run them through your account. Closing the account is the best way to prevent these companies from taking money out of your account. Some state laws do allow for prosecution if you close your bank account, but that is usually in cases of fraud. But it's always best to check with your state's attorney general or department of financial institution before you close your account. You want to make sure you are not causing more heacaches! |
You beat me to this.....I was just getting ready to post ...good
You beat me to this.....I was just getting ready to post ...good thing I looked first. You are waaaaayyyyy to quick:lol:
others?
Do they have other sites that are run by the same company? I was reading through and I have a couple of those listed on my account. I never should have taken them out but I can't change that now. I have no problem paying stuff off but it seems like it never ends and I never know what they are going to take out. I think I have ameriloan and 500fastcash.
Crife, please go back through your bank statements and see who e
Crife, please go back through your bank statements and see who else you have loans with. We need to know how much you borrowed from those and the total of how much you have paid back to each. I know ameriloan is a completely different company. Yes there are other companies that are under the MTE umbrella.
r
crife, if you can tell us who you have loans with, we can find the addresses for you. Hell, we pretty much have most of them memorized! We can then send letters to them all. We can work on that together. We need to get your bank account to the point to where they can not debit any longer first. You need to make sure the bank account is taken care of so they don't take any more of your money. Then we can do some letters and file some complaints, okay? We can help you with it all. :wink:
Oops :oops: I did not have my list handy. Thank you queen of
Oops :oops: I did not have my list handy. Thank you queen of all things MTE :twisted: Is the otherone she listed? Crife, Did you take out more than one loan?
only
Mte,ameriloan and 500fastcash were the only ones. They were all for $300 each. The Mte loan has been awhile and I have paid over $795. My online statements don't go back that far to see when I got that loan. Ameriloan was taken 10/09/07 and I have paid 300 exactly so far and 500fastcash 11/06/07 and i've paid only 90 so far.
Crife, thank you. That helps us know where the letters have to
Crife, thank you. That helps us know where the letters have to go. Be sure to take care of the bank account and then we will get to letters. We will help you get the contact information. If Cannr does not know it by heart I will be suprised :lol:
r
MTE Financial Services
515 G SE
Miami, OK 74355
ameriloan
3531 P St NW
Miami, OK 74355
500 Fast Cash
515 G S.E.
Miami, OK 74354
To email anyone MTE related, use this email address:
compliancedepartment(at)mtefs.com
:twisted:
here
July 12th is when Mte paid out to my account. I guess it has been a little over 1000 they have taken out of my account. It started out with the 90 bucks but it went all over the board after a few months.
r
That's what MTE is "known" for. They will rob you blind if you let them. You need to close that bank account. You can pay $800 on a $300 loan and they will insist that you still owe them money. And they are not even licensed to lend in the US! They are amazing!
r
Actually, no. Sad? Although ameriloan is using the address that USFastCash "changed" to. USFastCash ummmm... "moved", if you want to say that and have the same address as AmeriLoan now. Huh. Isn't that just something?