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MTE Financial Services, Inc. / Keep renewing when being asked to pay down

1 38 E. Ridgewood Ave, #395Ridgewood, NJ, United States Review updated:
Contact information:
Phone: Unknown

Every payday these people call me and asked if I want to pay in full or pay down. I tell them I want to pay down but they don't honor our agreement. Instead that readvance the loan and charge me $90.00 every pay period I am trying to pay them off but they want to continue to readvance instead of honoring my pay down. I need them to stop readvancing and pay down so I can close the account. I read the other persons comments they was most helpful. I hope we will draw attention to this company's unscrupulous practices and they get on the right track.

They have a website @ www.paychecktoday.com

They sent me my original contract I guess to show me what I signed. That is how I got the address from the envelope.

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Comments

  • Bc
      23rd of Dec, 2010
    0 Votes

    This number is answered by a debt collection company that collects debts for MTE Financial. MTE Financial owns several online payday loan websites such as quickest-cash-advance and MANY others. They use illegal collection tactics such as repeatedly calling your extended relatives that they "have obtained a warrant for 'your' arrest on charges of Bank Fraud in 'your county & state' and 'you' can prevent incarceration if 'you' pay a $1000 BOND" or something to that effect. This is total crap!!! They don't usually call you but call your extended relatives instead. They have been sued by VA, TX, OK and CA. They have multiple collection agency names that usually end up out of GA or NY. File an immediate complaint online with your State's AG office or Financial Division.

    If you get a call from these people, ask for their name and address. By law, it is your right to demand a 'Validation of the Debt', which is required "pursuant to the Fair Debt Collection Practices Act, 15 USC 1692g Sec. 809 (b)" they will claim they don't have to provide it because they 'are not a collection agency but a mediation group instead', which is untrue. Anyone that contacts you demanding payment for a debt, is a debt collection. Below are the Vadlidation requirements:

    Pursuant to the Fair Debt Collection Practices Act, 15 USC 1692g Sec. 809 (b)
    This is NOT a request for “verification” or proof of my mailing address, but a request for VALIDATION made pursuant to the above named Title and Section. I respectfully request that your offices provide me with competent evidence that I have any legal obligation to pay you.

    Please provide me with the following:

    # What the money you say I owe is for;
    # Explain and show me how you calculated what you say I owe;
    # Provide me with copies of any papers that show I agreed to pay what you say I owe;
    # Provide a verification or copy of any judgment if applicable;
    # Identify the original creditor;
    # Prove the Statute of Limitations has not expired on this account
    # Show me that you are licensed to collect in my state
    # Provide me with your license numbers and Registered Agent

    A Cease & Desist letter will not work with these people. When this one stops calling, another fly-by-night collection agency will start. They game is the same, threatening you with a [censor] 'warrant for your arrest on bank fraud charges'. This is a scam. Read online about MTE Financial. Do not pay them a dime, and file an online complaint with your state AG's office. They are not operating within the law and like most of the State lawsuits against them (VA, TX, OK, CA and others) they probably don't have a license to operate in your state and secondly, MTE charged you interest rates higher than almost any state's max for a pay-day loan, therefore, your contract is null and void and unenforceable in court. That's why they use nasty phone calls to collect and they won't pursue actual court action as they would lose due to the above, not only their illegal collection tactics.

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