USFastCash (MTE) Settlement Offer - Do I take It?

tukki, they're telling you they need you to respond to their settlement offer by 07/31 (today). If you want them off your back, go for it. I haven't heard of anyone having a problem with them once they've agreed upon a settlement amount. They put it in writing that they will not ACH your account. They just want their money by 08/17. You need to respond to them today with your acceptance or non-acceptance. Good for you with getting a settlement. If you accept, email them back, tell them you agree upon it, but get them to state (again) that once they receive xxxx dollars on 08/17, your account will be PIF and they will no longer contact you. Get it in writing.

I just noticed the 08/02 versus the 07/31. If you want to be safe, (they're idoits) respond today. This just shows how retarded they are. But, I'm afraid that if you don't respond today (as they put 7/31) they might "change their mind" on the settlement. Up to you, my friend!

If you can afford to pay it I would take it, because they will turn you over to a third party collector very quickly as they did to me. Even though the collector will not be able to collect on it you are going to go through lots of aggravation and work dealing with the CA. You must ask yourself, what is your time and aggravation worth?

Thanks for the input, both of you seem to be on the same page. I am thinking I'll just pay the settlement and be rid of them. This is my only MTE loan and with all of the horror stories...this at least is a start, right?

I would take it. i can't even get them on the phone untill I default with them. IF you have to money to send them do it. Get them off your back and be done with them.

Yes, tukki. It is a start. And a good one. To get a settlement from MTE that is reasonable is a great start! :D

can someone please edit my acct # out of the original post (in the quoted text) - I got it at the top but not at the bottom of USFastCash's email....

sorry for that!

MTE is really bad news. They even lie to the better business bureau when it comes to what DBAs are theirs. We really have to get the message out about this group.

frog, I've been compiling a list of MTE Financial's d/b/a's, but sometimes get "surprised" by yet another d/b/a. I'm thinking of starting a post (?) where we can have members list their pdl's that are actually MTE Financial. I've got around 18 d/b/a's right now. But a new one snuck up on me the other day. What's your opinion about it? :?:

Tukk - I took the account number out for you! I missed that when I read it too, so don't feel bad . . . .

I agree that it's a good idea to accept the offer. It's close enough to what you owe, and it's worth it to have these guys off your back. Just be sure to document everything, in case they do try to come back and say you still owe.

I would take it if you have the money. Otherwise they might not ever leave you alone. They hounded me until they got my bankruptcy case number even though I only owed them $20 on the principle that I borrowed.

goudah - thanks.

I did send an email accepting the offer, and everything seems to be in order.

Well, that's one down.

Congratulations! :D

Thanks goudah! Now at least I know that I won't have to deal with MTE! And that alone is worth $210! :D

Why does MTE seem to hound some people and leave others alone? I don't get this...

jen, trying to understand MTE Financial is pointless! :lol: They are so unpredictable! Some people they will settle with, some they will offer a pif, others they will lie to, etc. I just so happen to be one that they wouldn't reason with. I'm happy for the people that make head-way with MTE. I can't figure them out myself! That's why it's great when everyone posts their experience with them. Then we know they're different tactics and we can see the inconsistancies with them. They are amazing!

cannr - are you serious about them having 18 d.b.a.'s? Holy poop, that's ridiculous!

tukki, unfortunatley, yes. I am serious about them having that many d/b/a's. It's really sad. No one knows who they are really dealing with! There are a few other pdl's that have many different d/b/a's. Like Sonic, Cash Today, BIG, etc... But MTE has the longest list so far.

So Cashtoday is MTE? I'm finding it hard to figure what contract goes with what withdraw's on my bank statment. It's crazy!!

cynthia, no, Cash2Day4U is not part of MTE Financial. They are part of another group entirely. And I understand the confusion! It took me FOREVER to figure out who was who when I was looking at the debits on my bank account! Cash2Day is one of the overseas illegal pdl's. What do your debits say? Maybe we can figure out which pdl's they belong to. Sad, isn't it?

Creditprotection I can't figure out if it Discountadvances or tendollarpayday. Could they have changed there name in the last month or so? I'm sending letters to everyone but want to make sure I got them all. It's funny how hard it is to match them up.
Thanks
Cindy

Oh Creditprotection is what is on my statement. Also my loan is for 300.00 for Discountadvances but on my statements they are taking 120.00. That is ussally for a $400.0 loan. Thank god I found this site god know's how long I would have been in this mess!!!!
Cindy

Ten Dollar is MTE Financial. I don't know about that other pdl. This is the first I've heard of them.

Congratulations tukkit....one less that you have to think about!

Tukki, I am dealing with usfastcash and was wondering how long it took you to hear from them. I have now written them 3 times and filed with the BBB but havent heard anything yet. I contacted them at the same time as oneclickcash who has already made me an offer and i have settled with them. I would be happy to just get a decent settlement offer to get them off my back since i have only overpaid them a small amount and they are the last pdl i am waiting to hear from. So far i have been really lucky! 1 refund, 3 PIF's and 1 settlement(paid one additional weeks interest, worth it to get oneclickcash out of my hair!) One to go, and they have to be stubborn!! lol.

sorry, forgot to sign in! Guest was just me! :)

You are doing awesome work, guest! Way to go!

Sometimes it can take a while for a pdl to respond. I would suggest just peppering them with letters and emails until they do respond. Show them that you won't just go away quietly!

Personally, I think USFastCash is hiding out for right now. We went around and around and around for quite a while. Now they've "disappeared" for over a month. I think the agencies are coming down on them. However, don't be surprised if they pop back up. But they've been VERY quiet lately.....

Credit Protection Depot is collections for my cash now...of course they may have other D/B/A's but that is one I have too. I am waiting to hear from them...

USFast Cash did respond to by complaint with the BBB. But it was at the last minute, at the end of the 30 days the BBB gives for response.

Yeah, morningstarr. I responded like 3 times with the BBB regarding any MTE d/b/a's. Now suddenly it's silent. LOL! :lol: Did my AG complaint scare them? Hope so! Let them crawl back under their rock. Oh sure, now that I said that, I'll get on my email tomorrow and THEY WILL BE THERE! :lol:

They responded but were angry because I still owed a small amount on my principle...so inmy generous spirit I put them in my dmp...as soon as the loan and applicable fees are paid I will pull them out and resend my letter to them to PIF...

Hooray, Usfastcash finally replied monday. They offered a settlement which is an overpayment but for $125 bucks to get a PIF, it is worth it to get them out of my hair! I am almost finished! I owe $80 bucks to needspeedycash which i can payoff this week and i will be paying off Nationalpayday at the end of the month (still owe on princple there and i have heard they are a nightmare to deal with). YIPPEE!~! happy dance~@~~@~~@~~@ :D Byebye payday loans, and thank you all for your invaluable advice. I couldnt have done it without you! Final score: Payday loans 1, Debtconsolidation.com 5. I'll give the two i 'settled' with a 1/2 point each since i 'paid them off'. Good luck to all, i will be around on a regular basis to help out if i can and hopefully see all the :evil: pdl's go down in flames where they belong!

vlin, good for you! If you want to settle, settle. At least they'll go away! Just make sure you get something from them in writing (even just an email) stating that your account is PIF and that they will no longer contact you regarding the issue. Good job!

Congratulations...good job!!!!

I just received a "final collection" email from USFastCash today. Shouldn't this have been "final" like 6 months ago??? What is their time frame? Good Lord! They want $560.00. Isn't that dandy? These are the idiots that I was told to "leave them alone" and began sending my emails back to me. These are the idiots that I argued with about 5 times just through the BBB. These are the idiots that have received two letters from my AG and are not responding. Now they send me this "final collection" letter for $560.00, but it says "do not respond to this email". Damn good thing I'm not going to pay them $560.00, because if I wanted to, I couldn't respond to them telling them that I would! :wink:

hello everyone

question - from this thread - is USfast cash and MTE one and the same? mte the parent company? also - read in another thread about geneva roth being lic in utah - i am in PA but i sent them my letter about them not being lic. etc - loan is 300 i have paid in total 1150 from past loans in full plus months of fees - advice? I just saw on a thread 2nite that geneva is indeed licensed? utah? if true feel like an idiot sending that letter? thouights?

tahnks!
Jules

julespooh :D

Jules- You have this posted on another thread on the debt consolidation board...so we arent all duplicating effforts, it would be easier for us to help if you kept it on one board.

They need to be licensed in your state.

USFastCash is MTE Financial. They are not licensed anywhere in the United States.

I understand how you feel about dealing with MTE. I ended up with a loan thru them when I was stuck on the cycle of PDLs with no end in sight to get out of it. Thanks to my mom loaning me the money I have paid off all my PDLs and the installment loan I had with Check N Go. MTE is difficult to work with even under normal circumstances. They got upset with me when I called them and told them I wanted to set up a payment to pay my loan off in full before the roll over date. Let me tell you they weren't happy. I had to write out a letter stating that I wanted to pay my account off in full early and to cover myself at the end of the letter I put in that I wanted something from them either via email or USPS stating that my account was PIF and closed. Congrats to you on getting them off your back.

blue, did MTE cooperate with you, my friend? :wink:

Reluctantly they did. Like I had mentioned before they were not happy about me calling in wanting to pay my loan off early. The lady on the phone was quite suprised to say the least and went the spiel of I need to contact my supervisor and all that and thats how the letter came about.

As long as it worked! God love them. They didn't want you to get out of paying 1,000 years on a $300 loan! Poor babies! I'm just so glad things are working out for you, blue! And, I'm loving that you've got an awesome avatar up! :D

My dad took the picture when we came down here for the first time when I had my job interview with the state. I love the background showing the Cincinnati skyline.

You look blue-tiful! Oh, I mean beautiful! I love it!

Since I am starting to get the hang of the avatars I figured this one might make you laugh. I took it earlier tonight.