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Dusty of Gainesville FL (09/03/08)
I took out a payday loan they keep taking out money have not sent me the requested loan documents, will not anwser their phone.....
overdrafts, days without food for me
Mike of Shelton WA (08/08/08)
I got a call from Arrowhead Investments this year about an online application for a payday loan. They told me that they would deposit $200.00 into my account. They were going to withdraw $75.00 every 2 weeks. I only got one loan document from them which showed that i owed them $325.00 for a $200.00 loan. The only other thing on the loan paperwork was when the 1st payment was due. When I called their number it requested that I fax to them my name, social security number and payment arrangements for the account. The only document I had did not show a account number.
No way was I going to fax my personal identification information to some 866 number. So i filed a compliant with the BBB after reading a lot of complaints about this company. So the only response I got from Arrowhead Investments was a email from Icollectdebt which is some collection agency. Do yourself a favor and stay away from this company. To this date they got $750.00 from me for a payday loan for $200.00. I got some of my money back from the bank but not everything I should have.
Only thing that has happened so far is they sent the account off to collections. They have failed to respond to any request from the BBB.
Gina of Grants Pass OR (07/23/08)
I received to phone calls one from Steve Martin and then James Brown stating that I still owed money to Arrowhead Investments from two years ago. I explained that I already paid, but did not want to here my side. He even contacted my supervisor,which was very embarrassing and humilating. They contacted the local police department and was so stressful ,because they came to my work. They wanted to help and get to the bottom of it.
I found out that this company Investigation Headquarters represented Arrowhead Investments. I called Arrowhead investments and stated they sold my account to a collection agency. The companies name is I Collect . I Collect sells information about payday loans to other companies. I told them I will not pay for any more money and I have a receit for the company that they were representing. I even faxed it and they said that the 500.00 dollars that I paid to years ago was not food enough and I needed to pay 450.00 more to settle my account. Becareful who you give your info too.
I still do not know what to do? I am seeking legal advice. There are laws about collecting debts. I almost lost my job. Thank goodness my employer was understanding.
Andrea of Bloomsburg PA (07/18/08)
I received a message on my home phone from this company called Arrowhead Investments and that they received my loan application and I needed to call them. Since I distinctly did not recognize the name of the company, I checked it out online and found this website with the abundance of negative comments. It makes me mad because people who need a payday loan do it because they are in a financial bind, and then you have these low life companies that take money from people who don't have it to spare.
Anthony of Plantation FL (07/17/08)
I took out a $200 loan from them at the beginning of the year. They took out $70 every 2 weeks for several months. I then ran into some financial difficulties and wanted them to stop the ACH withdrawals. They said they could not, and caused several overdrafts in my account. I then filed several unauthorized withdrawal claims with my bank, which I got back. This was after they even split the withdrawals because they knew the bank would look out for one $70 ACH, not two $35.
Any way, shortly after this I closed my bank account due to unforseen circumstances. Today (7/16), I gort a call from Mr. King who told me if I did not send them $500 by the close of business, charges would be brought against me from check fraud, which he claims thatFlorida has a Zero Tolerance against outstanding checks for this long. I tried to make arrangements to pay them off, but he would not accept this. I even tried to borrow the money, but was unsuccessful. He threatened to contact my employer or serve me whatever papers he would at my job. If I did not pay him that day.
I have made at least 5 payments of $70, had to pay 2 overdraft fees of $32 each. He called me at work and threatened me at my job. I am under enough stress at home because the owner of the place I am renting from is in foreclosure, and now I have to find another place to live.
Vivian of Cincinnati OH (06/11/08)
This guy Dennis calls my employer to verify my employment. They also called my house and told me to call and thanks for the online application to there company. Getting suspicous I called the number and asked what this was about and they told me it was for a online pay advance. I told the person I spoke to because Dennis was busy probably calling other people like me and I told her I never applied to a loan with her company and for no reason deposit no funds into my account. She asured me that I would be taken of there list.
None as yet but I hope they will not try to get money from something I never applied for.
Christina of Warrensburg NY (04/28/08)
This company has been making harrassing phone calls to my home and work that I am to pay a loan and I havent received a loan from them and that if i dont pay the loan I am going to jail today for federal banking fraud
Melanie of York PA (04/08/08)
I took out a loan with them last year around this time for $300. I have been having $90 deducted out of my account since then every payday. I have been unsuccessful pulling up the paperwork or a number in which I can call them back.
I just had another child and money is very tight. I need them to stop making said deductions
Stephanie of Anderson SC (03/30/08)
We keep getting threatening phone calls from this person from Phoenix Debt Management. We origanaly took out a loan with Arrowhead Investments for $300 and they have so far taken over $1000 out of our checking account. PDM has told us that they can and will garnish my husband's wages. Can they do that? I have bank statements showing just how much money has been taken out for this company. What more can I do? I have stated to Ms. Brooks that I have these statements and she told me she didn't care about them. She has told me that the new balance is over or around $475. How can they do this to people? PLEASE HELP!
We have been in debt with this company and our bank since July of this year. Our bank account has been in arrears every two weeks. We have had to close the account and open a new one. The automatic debits have stopped because they don't know our new one. Now they want to garnish my husbands wages and said that they can do it. Can they?
Warren of Oxnard CA (03/20/08)
I took out a payday advance loan with Arrowhead Investments. At the time we agreed to 3 payments of $100 with a total payment of $350. At this time this company has taken more then $800 dollars out of my account. I have no phone number or way of contacting them to tell them to stop. My bank account is on the verge of being closed because of this company. Arrowhead investments needs to shut down as soon as possible. They operate under many names as well
I am going financially insane because of this company; they have to be stopped!
Kelly of Coon Rapids MN (03/17/08)
I got a payday loan from them and they were only authorized to take out 5 payments of $75.00 and then after that they were supposed to contact me regarding an extension. Well they never called or made arrangements and now they are taking out money at least 2 times a week, making my account go even further into debt. I cannot find any contact information on this company whatsoever.
This has caused my bank account to go into SEVERE DEBT. I have no idea how to stop this since there is no contact info for this company. I did NOT authorize for more than the 5 initial drafts.
Tracy of Garland NC (01/09/08)
I got a loan from them in April and could not reach them when I wanted to make a extension. I also found out that my bank would not let my account be debited because it was only a savings. I was not aware of that at the time. I received a call from state disposition stating that they were going to arrest me if I did not have 600 dollars in 2 hours and that I could not make any other arrangements.
Amanda of Beaverton OR (12/26/07)
I got a payday loan in April they took one payment from me and then my account went negative. I haven't heard from them since, and then I got a company called State of Disposition calling saying that I need to pay $730 when my loan was $250. If i don't pay this was on 12/21/07, I would go to jail within 3 hours.
It is very stressful when you explain to a company that you will pay them, but they will not accept when you say you can, and threaten to prosecute you on fraud for no reason.
Chris of Anaheim Hills CA (12/03/07)
Got a payday loan from this company for $300. They keep deducting $90 from my bank account. This has gone on over a year now! They are crooks! They make very threatening phone calls.
Shelley of Camarillo CA (09/26/07)
dont have any of the information other than their name i got a payday loan from this company on line they never emailed me any of their contact info and they started deducting $90 every 2wks so the only way i could stop this is by putting a stop payment on my bank now they are calling me and telling me they are gona garnish my wages ang that they will see me in court i more than paid this off this company is very shadey
they took more money than they should causing a hard ship on me now they want more
Desiree of Los Angeles CA (12/07/06)
I experienced some financial difficulty in September so I aquired several payday loans from different companies. For the next 6 or so paydays I paid these companies back. However, this Arrowhead Investment has debited 90.00 from my account about 9 times, and has attempted several more which caused my account to go into negative status.
I assumed the 90.00 was for one of my loans but found later that I have never delt with them. After I tracked down a phone number and called the woman stated that they deal with alot payday companies and could not explain why the excessive withdrawals.
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