MTE Financial sent me this email
Date: Tue, 08/28/2007 - 10:35
MTE Financial sent me this email
Quote:
MTE FINANCIAL SERVICES FAX: 866-668-0535 Email: compliancedepartment(at)mtefs.com uuu August 28, 2007 Teri ???? removed removed Email: removed RE: Your Complaint Ms. removed, We have received and reviewed your correspondence regarding your complaint with the company. The money was lent to you in good faith with the understanding that you would abide by the terms detailed in your loan contract. We upheld our end of the agreement by crediting the funds to your account in a timely manner. The Loan Note and Disclosure that you e-signed and thereby agreed to is very detailed and clear so as not to cause any confusion to the borrower, and meets all the Truth-In-Lending and Reg Z requirements as prescibed by Federal statute. In addition, the Legal Disclosures provided for customer reference at our website state the following: Regardless of where you may be viewing or accessing this site, you as the borrower are responsible for complying with any local statutory obligations that may exist in your state or area with respect to this transaction. The Federal laws governing this consumer loan agreement may differ from the laws of the state where you reside. If you do not want to enter into a consumer loan agreement with us under our terms, then you should apply for a loan at a provider located in the state where you live. Due to the fact that you have revoked authorization on our debits, no further debits will be made from your account. In the interest of resolving your complaint in a timely manner suitable to both you and our company, we have agreed to waive the finance charges currently due on your loan. We will expect complete payment of the principal amount owed. The Lender will be prepared to provide you with the information necessary for repaying the $300.00 that remains due on your principal balance. Payment must be received by you in the form of a Cashier’s Check or Money Order payment. We expect this offer will bring us to an amicable resolution. Please acknowledge your understanding and acceptance of our proposal if you are in agreement with the offer detailed above, and advise which payment method you will use. Once your acknowledgement/agreement is received, we will provide you with the information needed to make the payment. Once we have received this payment, we will mark your account "Paid in Full." If your response is not received within seven (7) days of the date of our offer, the offer will become null and void and collection efforts will resume. Thank you for your time and consideration in this matter. Respectfully, Compliance Department CC/file We are an electronic/internet company and all correspondence is handled via email and facsimile. Communication must be forwarded to the contact information provided above. Thank you for your cooperation in using ONLY these methods of communication. |
MTE Financial can only charge you any legal fees if they are a l
MTE Financial can only charge you any legal fees if they are a licensed business in your state. But they have a number of complaints in most of the states and prohibited from doing business. Read this link
http://www.debtconsolidationcare.com/oklahoma/rio-mtefinancial.html
You need to inquire about their licensing registration and send a copy of the letter to your state attorney general. They are required to prove their business as legit before they can add further charges on your account. At this stage, you are required to pay the balance amount on the principal.
Thanks for the info...in my Revoke Authorization letter I did as
Thanks for the info...in my Revoke Authorization letter I did ask them for their WI License number, (I'm in WI) I also stated that if they didn't have a WI license, to please provide me with the states that they were licensed in, and the corresponding numbers....of course I never received any of that...I will send all the correspondence I have with them to the Attorney General in WI....I'm just wondering how to respond now, they are giving me 7 days...Maybe I'll write them another letter, saying I filed a complaint, and I will only pay them the balance on the principle, and see what they have to say to that.
Yes, mention the point and send a copy to the AG's office. In my
Yes, mention the point and send a copy to the AG's office. In my opinion, draft a separate letter to the AG explaining the whole situation. This will help them to do any investigations on MTE Financial regarding your case
Don't allow these crooks to utilize any intimitation towards you
Don't allow these crooks to utilize any intimitation towards you. You are the one with the power, not them. You may use my words, and quote me:
MTE Financial uses different DBA names while hitting people's ch
MTE Financial uses different DBA names while hitting people's checking accounts. Be careful if you see any suspicious activity by them.
Cannr, this is the thread you started with all the dba names. It????????s a very useful link.
http://www.debtconsolidationcare.com/paydayloan/mte-dba.html
The list will continue because these scam companies know that th
The list will continue because these scam companies know that they are busted and people have become more informed about their illegal business. If they have to remain in the business, they will have to find out new DBA names
I guess they realize they don't have a leg to stand on, that's w
I guess they realize they don't have a leg to stand on, that's why they're trying to make a deal with me...not a very good one from my point of view....I'll think of good response to send to them tomorrow, my brain is kind of fried right now. Super busy at work. If I responded to them today, I would probably have to quote Anthony! Although that might not be a bad idea anyway! Thanks for all the advice everyone, it is very much appreciated.
teri
teri, take the day off. Send them a reply tomorrow. Be sure to keep in mind that they are not licensed/legal. I like to keep reminding them of that, myself! And, honestly, as anthony stated, you are not LEGALLY obligated to pay them squat. The majority of people pay the principle amount back only. You do what you want to do. But considering they are way illegal and you legally don't have to give them a dime (and you can always quote anthony!), don't let them scare you/harrass you into paying more money. They are soooo notorious for this. You take out $300, they want $560. But they will FOREVER try to debit your account.
Thanks for the pep talk Cannr....I'm definately going to try to
Thanks for the pep talk Cannr....I'm definately going to try to put it out of my mind until tomorrow...I'll respond to them tomorrow, when I can think straight. I will definately let everyone know what kind of response I get back from them.
Thanks again everyone for your support!
It sounds like the great MTE scumglomerate is softening up a lit
It sounds like the great MTE scumglomerate is softening up a little due to all the complaints being filed!
teriahosking- I am in WI, too, and dealing with Canr's favorite
teriahosking-
I am in WI, too, and dealing with Canr's favorite company, MTE. I know that this sounds bad, but it's almost better to wait and see if MTE will forward the account to a collection agency, they work with ARM (Accounts Receivable Management). That way you can send a debt validation letter and if ARM cannot correctly validate the debt, they cannot collect on it.
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debt, that's not a "bad" thing to say! I have to laugh! Because, honestly, dealing with MTE (for most people, not all) is like banging your head against the wall. They are not reasonable. At least if they have to provide debt validation (which I find hilarious) you have a better chance with them. I just have to laugh at MTE anymore because they soooo come across as "doing business" when they are one of the most illegal of all!
No, I agree. And, ARM hasn't been trying to collect and they ha
No, I agree. And, ARM hasn't been trying to collect and they haven't placed anything on my credit report. I think that ARM is legal, but their client, MTE isn't, so they know that they can't do anything to collect on it. I have only gotten the contract from MTE when I asked for validation, but nothing else that is required with it. So, we'll see what happens. I'm hoping that OneClickCash doesn't foward me to collections, as they are getting their money through my dmp.
Thanks for the input, I just may do that. Can I send a debt vali
Thanks for the input, I just may do that. Can I send a debt validation letter to MTE? Or do I have to wait till they send it to collections? This stuff gets so confusing!
If ARM is legal then they wouldn't be attempting to collect for
If ARM is legal then they wouldn't be attempting to collect for MTE.
Well, ARM is owned by GE Services, which is a pretty big, legal
Well, ARM is owned by GE Services, which is a pretty big, legal collection agency. So, ARM is legal, it's their client that isn't, because they can't provide all of the information to legally validate the debt.
teriahosking-You can wait until they send you to collections. I would file compliants against with the BBB, and see what happens that way. It's almost better to wait until it goes to collections, and then do the debt validation letter, as MTE will not longer own the debt, they will have sold it to ARM.
So do I need to wait till they send me to collections before I f
So do I need to wait till they send me to collections before I file a complaint?
I would think (and this is just my opinion) that if they were aw
I would think (and this is just my opinion) that if they were aware that their client was illegal, then this it would be illegal to try and collect a debt for them...A collection agency USUALLY would try to gather all this information before attempting to collect.
Jen, I'm not sure. This is what I've been advised when asking t
Jen, I'm not sure. This is what I've been advised when asking these questions here before.
teriahosking-I would file your compliant against MTE with the BBB ASAP! See what will happen then. I know that Canr has more experience dealing with them, as they haven't forwarded her to collections.
debtfreein08 - Thanks for the advice, I will file a complaint an
debtfreein08 - Thanks for the advice, I will file a complaint and see what happens! I'm out of time today, so I'll work on it tomorrow. Thanks again!
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teri, you need to file your complaints NOW. You need to file with the BBB, the FTC, and your state AG. Go to www.bbb.org. You can file on line. Go to www.ftc.gov. You can file on line. Then find your state attorney general (I just googled mine). The site will come up. Under consumer protection they have a complaint form. I don't know about your state. Some you can file on line, some you have to download the form and fill it out and mail it in. It is VERY important that you file with ALL THREE of these agencies. MTE will lie to the BBB, they will then consider it "closed" saying you "refused" a settlement offer. Do not just file with them! Make sure you file, but don't just stop at the BBB. YOu need to file with the FTC and your state AG. And you need to do it now. Don't worry about a debt validation until you get turned over to collections (if ever). Trying to reason with MTE is a nightmare. File your complaints, don't sweat MTE until they contact you. Once they do, let us know what's going on. We can go from there. File your complaints now! :D
ARM makes feeble attempts to validate. Then disappear after the
ARM makes feeble attempts to validate. Then disappear after the next letter. They fail to prove anything regarding MTEs legality or any payment history.
Cannr, I just file complaints with the BBB and the FTC...working
Cannr, I just file complaints with the BBB and the FTC...working on how to file with WI AG....WI doesn't make anything easy....Thanks for your advice, I'll keep you posted.
Well, I never did find where to send a complaint to the WI AG (t
Well, I never did find where to send a complaint to the WI AG (there's a whole bunch of them) But I did file another complaint with the WI Dept of Financial Institutions. Hopefully that works...
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Okay, your state is confusing! I went to check it out and it just keeps saying the Department of Finance and the Department of Justice. Okay..... how the heck to I get to the attorney general? LOL! :lol: So, you probably did the right thing by doing the complaint on the Department of Finance link. Try the other one for Department of Justice. Why not? File, file, file! :D
I couldn't find a complaint form on the DOJ site, they only gave
I couldn't find a complaint form on the DOJ site, they only gave a phone # and mailing address. I think the DFI will handle it the complaint form was a lot like the BBB and the FTC. Tomorrow is the big day when they will all try to hit my closed bank account...this could be interesting! :lol:
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teri, I guess the Department of Finance will be of service. I hope anyway. And, hang on next week! Please post once the whirlwind of calls start coming after your pdl's catch on! It might take them awhile, but they'll eventually catch on!