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tendollarpayday aka rio resources

Date: Thu, 07/13/2006 - 19:33

Submitted by anonymous
on Thu, 07/13/2006 - 19:33

Posts: 202330 Credits: [Donate]

Total Replies: 39


i was foolish, i know. i took out a payday loan from this company to help pay a dental bill in june. i have since closed my checking account and intend on paying this loan. i sent these guys an email asking they NOT call me at work. since i do not get off of work until 5pm, i have no way of getting hold of a live person. their offices are closed. lol imagine that!

so i sent them a nice email asking for a mailing address and letting them know that i am willing to pay off the amount i borrowed $300 and their fee for renewing the loan $90. a few days went by and i got no response other than a "brandy" saying "call me." and attached an 800 #.

now i sent brandy, their collections department, etc. emails of my payment plan and still have no response. now today i check my email and it says:

Quote:
Date: 7/13/2006

Dear ******:

The purpose of this letter is to offer you a discount to settle your account
with TenDollarPaydayLoan.com. No one wants to have unpaid balances affect their
credit worthiness so we have tried to make it easy for you to pay your
outstanding balance with us.

Your total balance is currently $420.00. We will apply a 25% discount to your
account in the amount of $105.00 provided that you respond to this offer within
7 days. This means that you can settle your account with MTE Financial Services
dba Rio Resources for only $315.00.

Failure to respond to this generous offer within 7 days will force us to
negatively report your account to TELETRAK, our consumer reporting agency. This
may affect your check writing privileges for future goods and services, and your
account will be reported to our 3rd party collection agency.

To take advantage of this generous offer simply choose one of the 3 following
options listed below, complete the information and fax this entire email with
the requested documents and information to 866-539-7503. Should you have any
questions, please feel free to call one of our customer service representatives
at 866-465-5054 or email to recovery(at)invcity.com.


Sincerely,
brandy


uh..i think not. this was a $300 loan. i have already complained to the BBB and sent "brandy" a cutsie email because she said:

Quote:
I am sorry we do not take mail in payments please call me to set up money
gram i cant stop debit untill i recieve payment let me know thankyou brandy
1866 465-5054 ext 4319


no payments by mail?!

if anyone can help me out with where to find california law and whether or not they are able to practice here, i would REALLY appreciate it.

thanks!


Jolie, Rio Resources are a hard bunch to work with. I overpaid them by over a thousand dollars. Pollyandsay is the one that is totally up to date on the laws. Payday lending is not allowed in my state. You can always contact your attorney generals office they have been a blessing to me. Good Luck . Search this site for threads on Rio Resources. KYSIDE38


lrhall41

Submitted by KYSIDE38 on Thu, 07/13/2006 - 19:49

( Posts: 2477 | Credits: )


I have a loan with them as well that defaulted about 2 weeks ago and they called me at work and at home. Which I was busy at work to talk and I said I would call back. But like Jolie I get off at 4 cst which is difficult to get ahold of anyone. I have tried emailing letters to the company about the laws and faxed and havent heard a response back yet.


lrhall41

Submitted by kevntn on Thu, 07/13/2006 - 19:53

( Posts: 60 | Credits: )


Thanks! I am in California.

I found a few sites before my computer crashed and I lost all of the information. :(


lrhall41

Submitted by Jolie on Thu, 07/13/2006 - 19:56

( Posts: 32 | Credits: )


Kevytn, I have e-mailed and tried to send letter but it was returned. They told me on the phone they are in OK. now. Are you sure your in default what are your state laws. They will absolutely torment you over this phone call after phone call and will even speak to your boss. Call you AG in your state. Good Luck KYSIDE38. PM me if you need anything


lrhall41

Submitted by KYSIDE38 on Thu, 07/13/2006 - 19:57

( Posts: 2477 | Credits: )


Oops! I must have missed that. Well, I took out the loan $300 in May, paid their renewal fee of $90 in June, and I had planned on making payments of $100 per month for July, August, and September.


lrhall41

Submitted by Jolie on Thu, 07/13/2006 - 20:10

( Posts: 32 | Credits: )


no. that was just the renewal fee. I haven't paid anything on the loan itself because they won't give me an address.


lrhall41

Submitted by Jolie on Thu, 07/13/2006 - 20:14

( Posts: 32 | Credits: )


thanks polly and everyone!

i sent them an email letting them know my payment plan and they refuse to have it mailed to them. brandys only reply was "you have to moneygram."

grrrrrrrrrrrrrrrrrrr i don't want to pay $420 on a $300 loan.


lrhall41

Submitted by Jolie on Fri, 07/14/2006 - 20:46

( Posts: 32 | Credits: )


I need to know how to get hold of MTE Financial. I haven't had any problems yet with them but I would like to know how to reach them either by fax or telephone or on the net. This way I can pay them in full. Thanks


lrhall41

Submitted by on Wed, 12/13/2006 - 23:08

( Posts: | Credits: )


I also was told " We do not accept anything by mail, so we are unable to give you a address. We do however accept debit and credit card payments. and also accept payments through moneygram. Just let me know how you want to make a payment. My number is 800-325-8208 ext 4305." I have their address as:
Ten Dollar Payday Loan
147 Eubank Blvd NE
Albuquerque,
NM 87123
or
MTE Financial
515 G S.E.
Miami, OK 74355
1-866-859-6132
i've sent them a letter via fax and mail telling them I will ONLY pay by money order. Does anyone think it would be ok to go ahead and send them a money order (of course I'll keep copies of everything) and see if they cash and and apply it to my account. has anyone else sent money orders when they were told they won't take anything by mail? Any success? Failures? Advice please.

Thanks,


lrhall41

Submitted by gobigblue28 on Thu, 12/14/2006 - 05:52

( Posts: 22 | Credits: )


Hye gobigblue28, I owe PDOK about $60 and I send them a $10 money order each month, that is all I can afford. They cash my check consistently every month and I have not had any calls or collections. I would send them a USPS money order with what you can afford each month with a statement like this:

"I took out a pay day loan with your company and now need to pay it back. Please accept this money order as a payment towards the balance on my account. I will be making monthly payments to your company until this account is settled. My full name is , my social security number is . Thank you for your time.

If you have a reference number or acct number include that also, i used my SS because I didn't have the others. Good luck


lrhall41

Submitted by PDLFREE on Thu, 12/14/2006 - 05:58

( Posts: 1245 | Credits: )


I am having the same problem brandy they call me all the time at work and they also call atleast 4 times a day different people all the time. i have paid them off and they still are harrassing mne. i am not sure what i can do but the bbb has them with a case against them for the harrassment and other things against them. mte financial is a hoax, they just steal your money out of your account and keep going. i have now had 840.00 taken out and i only borrowed 200.00 plus the fee they charge of 75.00. how did it get that big. unknown buyt your right they only take money thru intrnanet not mail. they are scam artists and i did report them to my local police departnent for theft and also harrassment. thank you and have a good day. try and live life like normal and dont put up with anything from any company like this. any suggestions for me also let me know. thanks.


lrhall41

Submitted by on Mon, 03/12/2007 - 09:44

( Posts: | Credits: )


please anyone respond that can give ma any ideas in what to do with this company. thank you


lrhall41

Submitted by on Mon, 03/12/2007 - 09:52

( Posts: | Credits: )


Tresa, there are so many others facing similar problems with MTE Financial. I believe you have reported them to all the legal places you know about. Go to your bank and explain the unauthorized debits by MTE Financial. They will surely help in getting the money back by filing a dispute with MTE. They need to revert the charges as they were made unauthorized.


lrhall41

Submitted by Johnson4485 on Mon, 03/12/2007 - 10:33

( Posts: 399 | Credits: )


What is their address and i need to report them to BBB they do not want to tell me their location. I need their address someone please HELP
Email me email address removed as per forum rules - Mike


lrhall41

Submitted by on Mon, 03/26/2007 - 10:44

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Hello i'm hoping someone can help, unfortunately i have used a payday loan and i'm still paying them off, but now i have this MTE taking 140.00 out of my account which has caused it to over draw they have tried this 3 and for times even spliting up the amount. HELP please i'm at my wits end.


lrhall41

Submitted by on Wed, 05/02/2007 - 06:05

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Try

instantcashloantillpayday.com It's post as MTE.

The phone number is 1-888-465-5054.

Very helpful no problems


lrhall41

Submitted by on Wed, 10/17/2007 - 07:30

( Posts: | Credits: )


I also took out a loan fro MTE Financial, My problem is, I thought I was paying the Finance charge as well as the the amount I borrowed. I rook a $300 loan, I have made four payments oif 90 each, and now they want to debit my account for 90 and what I borrowed. I don't want tp pay any more. I have gave them what the boprrowed me and more. Can I have bank stop there preathorization transaction?


lrhall41

Submitted by on Tue, 10/23/2007 - 13:25

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Khulia, before you close your bank account, can you tell us what state you reside in? MTE is an unlicensed/illegal lender. They will debit you forever and ever unless you do something with your bank account. However, until we know what state you reside in, we can not check the state pdl law for you. If you wish, you can post what state you are in and we can help you out! :D


lrhall41

Submitted by cannr on Tue, 10/23/2007 - 21:27

( Posts: 9317 | Credits: )


These guys will NOT pay the loan off UNLESS you call them to pay the full balance off. They will withdrawl the $90 forever unless YOU the CUSTOMER contact them, which I would recommend ASAP to stop any further withdrawls. Good contact number for them is 866-465-5054


lrhall41

Submitted by on Wed, 12/26/2007 - 07:11

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