• Report: #347445

Complaint Review: Mte Financial

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  • Submitted: Friday, July 04, 2008
  • Last Posting: Friday, July 11, 2008
  • Reported By:scranton Pennsylvania
Mte Financial
rosemorales@rocketmail.com Scranton Pennsylvania 18505 U.S.A.
  • Phone: 570-6771103
  • Web:
  • Category: Loans

Mte Financial multiple payments deducted without my verbal or written consent Scranton Pennsylvania


1Author 1Consumer 0Employee/Owner

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Got a pay day loan for 300.00 and my payments were going to be 90.00 every two weeks until the loan was paid-when i went i put 90.00 into my checking account i had another payment that was be deducted on the same day which i forgot about that only left me with 60.00-when contacted MTE Financial and told them to take the 60.00 and i will pay the balance on the next payment-they said i couldn't.Customer service rep said just to make the next payment-by that following monday-i recived a bank statement with overdraft because they did take out the money.i called them back and told them not to take out the money because i will not have it until a certain date.They went into my account numerous of times deducting what they wish-i never knew,and left me with a balance of 450.00 which i can not afford to pay back to my bank. they closed it since then-but i told my bank to stop these poeple from taking money out-but thet said they can't-i dont know why i should be reliable for it when it told mte and my bank to stop payment. i think i need a lawyers assistance.

Rose
scranton, Pennsylvania
U.S.A.

This report was posted on Ripoff Report on 7/4/2008 8:10:16 AM and is a permanent record located here: http://www.ripoffreport.com/loans/mte-financial/mte-financial-multiple-payment-57f9f.htm.

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#1 Consumer Suggestion

In response to the above report....

AUTHOR: Jenn - Orlando (U.S.A.)

I myself, have had the same issue with MTE Financial. I had a $300 loan, in which they were taking $90.00 bi-weekly out of my paychecks. This number gradually went to $125.00, then at one point to $140.00. I bank with a Federal Credit Union, and visited the bank in person to find out about my options. By the time this entire ordeal was over, MTE Financial had taken $980.00 from me, for a $300.00 Loan. My Credit Union placed a Stop Payment for ALL ACH Transactions on my account, and it's funny how you could never get a live representative from this company, until they notice a stop payment. They called threatning to take me to court....It was my Credit Unions decision to do this..Luckily, and my Credit Union REFUNDED the entire amount back to me, minus what I actually owed MTE. My Credit Union filed a fraud dispute against this company, as apparantly on all of their transactions to the bank, they never included contact info, or account numbers, that in which threw up red flags for my Credit Union. My advice: Request a stop payment, and consult your bank!! Hopefully, I have been able to help :) I finally have this company in my past!! Thank Goodness!!!
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