MTE Financial Services *United Cash Loan*

Lu-You are the 3rd person this week to post that same exact letter here on the site. Do not panic....this, again, is a scare tactic and a long drawn out letter made to look official.

The part that gets me is the word "opinion" in this paragraph..

While the information that you have collected may apply to companies that have physical locations in your state, it is our opinion that it does not apply to our internet business model. This is based on sound advice from our legal department. In addition, the Legal Disclosures provided for customer reference at our website state the following:

Anyone can put anything into a contracts but when state laws supercede, too bad for them. As far as Truth in Lending and Reg Z, big words again but only means the forms would pass muster with TIL and Reg Z but their lending PRACTICES are not in compliance with state regs.

Yep. This is their form letter, alright.

lucy, this is an unlicensed/illegal company you're dealing with. You are only obligated to pay the principle amount borrowed. They can stick their "fees" where the sun doesn't shine. And, yes, this is one of thier famous "form emails". Lord. We've all got the same stupid email. Remember, they are unlicensed/illegal in every state. No where are they licensed. They are hard a$$es; however, if you stick to your guns and keep repeating that they are unlicensed/illegal and you comply with your state law, not theirs (doesn't matter since they're not licensed) and tell them you will only pay the principle amount of the loan. If you have made no payments, then the amount would be $300. If you have made payments, then subtract the payments you have made and that's what you can pay back. Illegal, illegal, illegal. And, don't freak. We've all gotten the same stupid email from them.

Lucy, Cannr knows about MTE probably the best of anyone here and has had alot of dealings with them. Take her advice.

Cannr - your forgot the whole evil MTE :twisted: :lol:

Actually, I need something even worse than :twisted: when posting about them! LOL! Lucy, they are evil :twisted: !!!!

Hey cannr; I maybe wrong and correct me if I am but aren't they located outside the US?

lucylu, what state are you in? Most people say that you are obligated to pay back the principle plus allowable fees, etc, whatever the state says is the max they can charge. Not in Washington State. If you are a lender, you have to have a license to do business in this state. If you give a loan to someone in this state and you don't have a license, the loan is neither collectible or enforceable. You don't have to give them back a dime and there's not a damn thing they can do about it. I'd look into the laws of your state. It's an awesome law!! I guarantee you that as soon as enough people don't pay because of this law, they'll stop doing business here. Anyway, look into the laws of your state.

blue, no, MTE is located in Oklahoma. Miami, Oklahoma. God love them. :evil:

Yep. And when I called the Oklahoma Atty. Generals office, they said that they try to claim some kind of Indian Reservation exemption...blah, blah, blah...Just another tactic to try to evade the law. I'm sure there aren't even any Native Americans that work for MTE. They should be ashamed to claim rights! That is just how low they are.

Quick question....I live in Washington state and cannot find a license for papercheckpaydayloans in my state. Does that mean that I do not have to pay them? If not what should I send them to do this? They want to charge on $600, $150 a payday for interest and then after 5, they will add $50 to go towards the principle. If I understand our laws correctly, this too is illegal, too high of an interest rate and no rollovers allowed. Am I right? What should I do? I just defaulted on Friday.

Paper Check Payday Loan
501 Silverside Rd Ste 125
Wilmington, DE 19809

I am not showing them licensed even in the state they are in. Did you borrow $600 from them? Am I understanding that correctly? And have you paid them anything back yet to date? If so, how much have you paid?

Not yet, I took this one out to cover the others and then couldn't pay the $150. I just don't know how to proceed from here, I know I will be getting a nasty phone call soon and want to be prepared.

MTE- Multi Tribal Enterprises.

They can try & hide behind their 'soverign immunity' all they want. Their **** are in court right now. The State of Colorado is asking the court to make MTE prove their tribal affilation and not just SAY they are.
What is interesting is that I have done research on this 'soverign immunity' the company is hiding behind (IE they dont have to abide by state laws or fed laws). There was a recent Supreme Court case in which a tribal business tried to use their 'soverign' status to prove they were within their right.
The interesting decision made by the Court was that by inserting a 'arbitration clause' in the cotract; the tribe waives their soverign rights.
I do believe that every PDL agreement has arbitration clauses.
Pursue your issues ie illegal. Their 'opinion' is misguided & perhaps they will be back off when presented with FACT.

[color=Red]****Adult term removed - Jason[/color]

This is for our guest - Yes, they are charging you too much! My gosh! Plus the fact that I'm not showing them as licensed. Your bank account is in the situation to where they can not debit it, correct?

cannr,
They tried to put it through once and it was declined due to insufficient funds and now my bank, which is a credit union has blocked all ACH deposits and any written checks (that they may try to put through) from them. So I am covered there, but where do I go from here, if their rates are illegal and they aren't even licensed, what are my options? What do you recommend?

guest, just be sure that NOTHING will go through on them from your bank account. That's the first thing. The next thing is to send them something in writing revoking their debit authorization, revoking any wage assignment you may have signed, informing them they they are only to contact you via email or USPS - no telephone communcation, state that you have found they are not licensed/legal, etc. You can email it/fax it/mail it certified to them. You need to have documentation of everything, so you won't want to speak with them via telephone. You want everything in writing. You will also want to file complaints with the BBB, the FTC, and your state attorney general against these guys. I know I just threw a lot at you, so post any questions! :wink:

Cannr,
Thank you so much for your help. Do you have a sample letter or somewhere that I can look for one? Also, do I offer a payment plan or use the Washington State law that says if they are not licensed in this state, the contract is unenforceable and uncollectable? (At least that is what I think I understand from another post, is that right?)

guest, I can pm you a letter to send to your wonderful pdls. However, I can't send you a pm unless you are a registered member. Can you do this? Just register as a member. You do not have to sign up for a free consultation or anything if you do not want to. Just sign up to join the community as a member. We can then send pm's to each other. I can send you a letter that covers everything that you can send to your pdls. I know there is one posted on here SOMEWHERE. If I can find it, I'll post it for you. However, I can pm you whatever you want if you register.

Cannr,
I was a member and had just forgotten my password, I am now logged and ready to go! Thank you so much! I really do appreciate this

Hello there! :D Wonderful! Okay, do you know your state pdl law? Has that been posted for you? We need that for the letter. If not, I can post it. I can pm it. Whatever you like. Now, these guys in particular are going to be illegal. They are not licensed - period. And they're nuts! Do you have any other internet pdls out that you have questions about? Or is this the only one?

I also have USA Cash services and one click cash. I have gotten 5 others paid off, all for a ton of money. One alone for a $500 loan cost me $2250 to finally pay off. I just want to break the cycle and be done with them for the rest of my life, they have already caused me more than enough trouble.

Crap! :shock: You paid one pdl $2250 on a $500 loan? Oh my gosh! Now, I know that the one we've been discussing is an illegal one. I also know that One Click Cash is an illegal one. USA Cash Services doesn't even sound familiar to me at all. Wouldn't doubt they are illegal also. Okay. We're ready to "break they cycle" now! Do you know how to use the pm? So that we can send messages to each other?

I sent one to see if it worked, let me know if not! Newbies, huh? LOL

You are excellent! I got it and responded. Now, do you know how to pick up your messages so you'll get my reply?

I thought it was going to be just where it says inbox, since the one I sent you went to my sent box, but it is saying no messages. Am I in the wrong place?

Okay. Look to the side of your screen where it says "CHAT". Underneath that, it'll say You have X messages. It should say 1 message. Click on that. It should bring you to the page where your messages are and my message should be there. Try that. We'll get it!

Okay, that is where I was looking, it still says no new messages.

I just sent you one. Nothing????

Nope, nothing! I wonder why? I am seeing the one I sent you in my sent box, so I know at least that part is working.

The two that I sent you are in my "outbox" like they're just waiting to be picked up! :shock:

I filed a complaint with the BBB and this is the response I got today:

break, which one of MTE's d/b/a's did you file a complaint against? Was it one of their d/b/a's or was it a complaint on MTE Financial themselves? This is sooo not uncommon. I, too, got responses back via BBB from MTE claiming they were "not that company". Cracks me up. So the BBB closed it. Whatever. God, MTE drives me batty. You did still file a complaint with your state AG, correct? They will not let it drop like the BBB will. They will send a letter to MTE or whichever d/b/a it was.

pitts, I did not forget you! I got your message and your information. I will email you information! :wink:

I'm not sure which company uses them as a DBA, but here are the ones I have open.

Cash Supply

E Pay Day Loan

BIG LTD

US Fast Cash

Ahhh........ it was USFast Cash. They pulled the same exact thing with me. "I don't know who they are. We are not affiliated with this company. This customer is confused." That was my reaction from them via the BBB! So don't feel alone! Now, my state AG has sent them NUMEROUS letters with no response from them at all. Nothing. Zero. Zip. They are illegal as all hell. They know it. They lie about it. They're nuts. But you did file with your state AG, right? They'll at least start sending out letters to them. I really don't know if they will respond, but I'd get them on it.

I sent them Cease and Desist and they continue to call all the time. Unless, what address did you have for them?

Cannr, no problem at all, I just appreciate the help. I am so happy that I found this board, maybe now my life can get some order back to it!

pitts, not a problem! I'm glad to help. Just hang in there and I'll send you an email!

break, the address for USFastCash? It's a "new" one because they've "moved" (are you surprised?). Hang on and I'll post it.

USFASTCASH
3531 P STREET NW
P.O. BOX 111
MIAMI, OK 74355
1-800-470-6614

Well, I am pretty sure the BBB closed the complaint.. MTE pulled the same crap with me that they 'aren't affiliated with USFastCash.. Whatever.. I haven't heard anymore so I'm not worried about it.. Jerks..

And on top of that...I did get a response from the BBB complaint I filed against UCL....did you file under MTE or UCL?

break - you probably filed under MTE maybe? It won't matter (God love them) because they will claim USFastCash isn't "them" anyway.
krisT - at least I'm not the only one they claimed they "weren't them"! LOL!
pitts - honey, I finally emailed you! I'm so sorry it took me so long! I got slammed at work today! If you need anything, just post here, okay?? Since we can't seem to pm! :wink:

Quote:

guest - is this "break"? Was the loan for United Cash Loans or USFastCash?

Ha! Speechless . . . a rep from MTE called me and tried to use the normal scare tactics. Never mind the fact that they are overpaid. They still want $ from me. She threatened to 'legally' pursue the matter, I replied 'knock yourself out'. I rambled the info I knew about the MTE and their pending legal woe in Colorado and that I welcomed my day in court, too. SHE HUNG UP ON ME !! What's up with that?

heaven, you "called her out" on her nasty illegal threat! LOL! She didn't know WHAT to do! I'm cracking up! Great job! :wink:

Thanks Cannr - I had GOOD teachers ! :-)

heaven, I'm glad I'm not the only one that has MTE at the top of my "hate list"! :twisted:

I cant wait to see what happens in Colorado! They may have to actually prove their tribal affliation and not just SAY they are! Im right there with ya - they are at the top of the list. Which means they'll fall the hardest !!!

Cannr,
Got your email, thank you so much. They just called me and left a message offering to reduce some of the fees. Haven't even sent anything out yet, dealing with some other major more immediate problems, like being evicted, but can't wait to use your letter and see what happens, especially if they are already offering to reduce. Although, that in and of itself is weird, right? I wonder why they are doing that? Could it be because they know they are illegal?