Beware of MTE Financial - It can debit your a/c without authorization

Who did you receive the paper from?

I got a loan from payday loan in july,1st I thought it was for 2 weeks. I didn't think anything of it. until I got a statement showing me I had all these debits from mte..so I told the bank I did not authorize this and they stopped and repaid the ones that I saw 465.00 I had missed the 270.00 worth..now I am finding out that was from payday loan. so they debited all together $735.00 on a 300.00 dollar loan. Well after the bank credited my account the 475.00 I realize i only paid....270.00 on the loan I didn't know that mte was payday loan and they are threatening to turn me in to the police for fraudulant check writting..can they do this?

No they can't.

MTE is illegal. They can't even take you to civil court.

Go here and learn how to deal with illegal lenders.

Beware that MTE is a booger but they will eventually give up.

In researching this company I have found the following link

http://www.corp.ca.gov/ENF/pdf/2008/MTE_FS_dr.pdf

It also gives another address
147 Alberqurque
N.M 87123

How is it that this company is allowed to sell my personal information to another company without my permission or without contacting me?

Hi,
I too had a loan with quickest.cash.com (AKA MTE), They have debited my account over $800.00 for a $300.00 loan.
I closed my bank account,so they can't get anymore from me, and have filed with the BBB who has a file on them a mile long.
The BBB validated my complaint, and has contacted them, but they have till the 25th of Feb, to respond. I have requested a refund of $600 for overcharges and subsequent NSF fees caused by their illegal debiting. But I won't hold my breath that I'll get any money back.

Watch out for these $%*#$%'s they are real rip off artists.

Quote:

Foolishly took out a loan with MTE. Now a National Payday Loan company is taking cash from me. Is this normal or should I stop payment to them?

How much was the loan for and how much have you paid back including an interest payments or rollover fees?

Also, what state are you in.?

In CA, $300 and I believe I've made 4 or 5 90 dollar monthly payments. They took 140 this month my main concern is now the money is being taken by a different company

then you have overpaid on this.close your account and open a new one.they will debit forever if you allow it.

Will they try to come after me for not paying?

oh they will try to bully you,but this was an illegal loan that you overpaid.they know it and will lie and try everything to get more out of you.just know we are here to help at anytime.

Is closing my account the only way? Can't I just stop payment or will they keep coming with alternate names?

they will find ways around stop payments.as you have stated they will change names and amounts.closing the account is the only real way to stop them debiting.

And why was it illegal?

because they are not licensed,have several d/b/a's which debit
your account.trust me MTE is illegal in every way.

My husband took out a payday loan with these people and when he realized what he did, and it was making his account overdraw then he put a total ACH debit stop on his account and cancelled his debit card and got another one. Now there is a law office I.R.S. has called his work and said that they are pressing charges against him. It is a C felony and he will have to serve jail time. They are also saying that in 6 months since the loan of 300 was taken out, that he owes over $2400 in finance charges. What can we do to stop this from happening? or is this another way they scam ppl and use scare tactics. I am doing my research now and trying to stop all this from happening. I checked into a site that says for the state of SC, where we are, that criminal charges are prohibited. They tried telling me because the loan was from the bahamas??? that the law doesnt apply????? Someone please help!! if anyone can give me more advise, answer me on this or email me @ [email]djslickandangie@yahoo.com[/email]

It is a SCAM :evil:

Yep, A Scam. They can not do anything. Those are empty threats and harrassment!

They are operating under the name 1st IRS which makes it impossible to locate, but if anyone wants to talk to them they called me from 1-713-429-1842, and gave me a number to call them back for Meekah Green @ 1-877-777-2551 ext. 230. I think they change their name and number every few months.

Man, I am tempted to open a temporary bank account and then get a PDL from one of these places. I would love to get just one of these jerks on the phone. I would have so much fun with them.

I just got phone call from yet another law office dealing with quickest cash, aka mte financial. Supposedly it is Hudson Law Office, hesitated on giving me the fax number, which i called and it tried to go thru as a fax, but I am now having trouble getting it to go thru on the fax machine, of course! I sent a do not call order to the 1st IRS law office crap about a week ago, then I get this "law office" calling me today! I put in the fax that they are not to contact me or anyone on my contact list they have through the phone, they can mail me any and all correspondance to my home address! Guess they didnt want to be prosecuted for MAIL FRAUD!!! haha, i got them now! I dont mind paying what I owe, but you arent going to call me and get very rude with me and threaten to take me to jail. If you play by the law and are respectful, I am willing to work with you! I HATE RUDE PEOPLE!

Angie, you need to tell them that they (Collection agency) now has 5 days to send you a dunning letter in the mail, per Federal law.

Thank you Shazzers. I finally got the fax to go through this morning and I had recopied it with the request for the dunning letter within 5 days thru the mail.

Hello everyone, Hope I can get some opinions on this.

I received a very nasty call from a Victor Lynch at Rollo Investigations who is supposedly working for Ten Dollar Pay Day Loan/MTE. I took out a loan with them two years ago under quickest cash advance and payed them off in full last year through Town and Country. Stupid me, I never thought to get a letter from T&C saying that this was paid off and after three months, they get rid of account information once the account is closed.

Here is the crazy part. I spoke to someone at MTE and told them that these people at Rollo are harassing me over a debt I paid and MTE said they don't even have a record of my account with them. So I called Victor Lynch back to tell him this but he swore up and down that this debt is valid and that they want the entire fee of $390 by Friday or they will prosecute me for passing bad checks.

So my question is since I don't have any physical documents to fax to Rollo stating that I paid them, what can I do to keep these people from harassing me at work?

I was given a number for a Mr. Berry at MTE to follow up and I'm praying that he will be reasonable enough to send me a letter stating that they have no account information on me. Any other ideas would be greatly appreciated. It just upsets me that after doing the right thing of paying them off, I am STILL being penalized for a moment of financial weakness.

well MTE is not the most trustworthy pdl.in fact the are totally illegal,and probably sold the debt even paid off to these people.do you have a ph# that they call from?that would help us come up with an address to send this bottomfeeder letters.

i searched the number 1-877-856-8587.no address.sounds like a complete bottomfeeder.if this person from rollo calls again hang up as they can do nothong.as for possible work calls.let your know that some scam might call.tell him it is a phishing scam.i would file AG and FTC complaints against rollo investigations.you can do it online.

It's difficult to put a stop payment considering a) they use different aliases b) they withdraw varying amounts. They aren't authorized to do business in several states. They constantly state they sent a contract which is a flat out lie. Worst company ever. When will the feds do their actual job and put a stop to this?!?

Agreed with you, Angie!!! It's really high time that the feds take some solid actions against such organizations.

Do not give your information to these scammers. Instead, take their phone numbers and call your state attorney general's office.