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Arrowhead Investments - Are they dependable?

Arrowhead Investments provide investment choices as well as products suiting the requirements of their customers. Their customer base includes all types of investors who are always looking out for a wide range of non-proprietary securities as well as advisory services. Through their 27 branches Arrowhead Investments can assist you in taking wise financial decisions.

Complaints against Arrowhead by Community members

Members in the Debt Consolidation Care Community have expressed their views regarding Arrowhead Investments. There are some who have dealt with the company and some who have gotten reviews from third parties. Here is what they perceive of Arrowhead Investments:


  • Charges more money: The company charges way more money than the original debt without having the debtor know why they need to pay the amount.
  • Does not provide validation: When consumers confront them for validation, they offer a proposal for settlement instead and do not provide any validation of debt.
  • Cannot be located: Consumers cannot locate the company either on the internet or offline when they needed to contact Arrowhead Investments.
  • Unreturned client calls: The company only has answering machines to respond to consumer calls. Calls made by consumers get transferred to the voice mail boxes and are seldom/never returned by anyone in the company.
  • Continued harassment: They do not pay heed to any debt validation request made by borrowers and continue to harass them.
  • Rude behavior: Consumers have found employees at Arrowhead Investment to be very rude when speaking to them about any problems the consumers may be having.
  • Withdrawal of money even after payment: The company continues to withdraw money from the borrowers' account unless the borrowers call them and ask them to stop.

Protection from scam companies

As consumers you have your rights protected by law. If a company is trying to extract more money from you than what you actually owe, you may first seek debt validation. You also have option of reporting that company to the Attorney General's office. You may also file a complaint with the Better Business Bureau.

As I stated in a previous post, I am climbing out ...
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As I stated in a previous post, I am climbing out of the payday loan trap. There is one that I can not find any information on, including an email or letter in my files with my account information.

I cant find them on the internet either! I have a feeling it was another name I applied to, but no contact info for Arrowhead.




a freeman

Was this a payday loan company that you applied with?

I did manage to find a company that went out of business with an address located in Minneapolis, MN.

Regards-
Mike

Sub: #1 posted on Tue, 11/15/2005 - 21:31

Teleport Teleport

(Posts: 1388 | Credits: 401.89)

Well, in a round about way, I never applied to Arrowhead - but that's the name on the debits!

I assume that they will contact me as I have put a stop payment on any debits they try to make - I just wish I had a number or address so I can call them instead of waiting for the harrasment.

Sub: #2 posted on Tue, 11/15/2005 - 21:48

a freeman a freeman

(Posts: 44 | Credits: 43.28)

Hi

Welcome to the forums.

Have you checked the status of this account in your credit report?

If the company you mentioned is a payday loan company then this is the address to contact them.

Arrowhead Investments, Inc.
32 W 200 S # 350 PMB
Salt Lake City, UT 84101-1603
(866) 355-7308

Regards
Roxette

Information edited. Arrowhead Investment and Arrowhead Collections are different entity. Address of Arrowhead Collections in response to Original Poster's query on Arrowhead Investment was creating confusion among many viewers. As the information was not pertinent regarding the thread so admin felt its necessity to edit the information - Vikas

Sub: #3 posted on Wed, 11/16/2005 - 09:10

roxette roxette

(Posts: 4009 | Credits: 559.9)

This has not been reported on any of my credit reports as of yet. I'm keeping an eye out!

Sub: #4 posted on Wed, 11/16/2005 - 11:27

a freeman a freeman

(Posts: 44 | Credits: 43.28)

Be aware of all the scary tricks used by the debt collectors. They will try to intimidate you but as long as you are using your federal rights and willing to pay a debt that is legitimate, they can't do cause harm.

This forum has lots of good information on how to deal at various financial situations. Go through these pages taking some time out from your schedule. It will be worth going through the posts.

Sub: #5 posted on Wed, 11/16/2005 - 13:42

ben ben

(Posts: 2034 | Credits: 426.36)

I had one too. It took forever to find the information because they mailed a statement once and then I received nothing else. However, I finally found the statement today. The phone number is 1-866-355-7308. fax# 1-866-379-7667. Good Luck!

Sub: #6 posted on Sun, 11/27/2005 - 15:38

Unregistered


Oh Lynn, you have made my weekend (aside from the good leftovers). I beleive I have paid my loan off twice over with them - and have not heard from them since I put a stop payment on their debits. I am excited to finally be able to contact them!

Sub: #7 posted on Sun, 11/27/2005 - 15:53

a freeman a freeman

(Posts: 44 | Credits: 43.28)

I called Arrowhead this morning after going through my records to see how much I've paid them. The original loan was for $200.00 and had paid $1140, until I put a stop payment on them! How embarrasing to not have taken care of this sooner.
Anyhow, I called and spoke with a woman and she told me the orig loan amount, and said because it had just kept refinancing, I still owed $260 dollars. I asked if she would give me the mailing address, & if she would also please send me a debt validation letter. Before I could even explain that I wanted to see the principle, interest and how they'd applied my payments - she asked me to hold.
When she came back on the line, she said that she had just spoken with her supervisior, and they would be able to "settle" my account - stop all debits and mark it as Paid as agreed & just close the loan without incident. I asked for her to please send me a letter, on their letterhead, to that effect via US Mail. She agreed.
Do you think that because I asked for the validation letter, she decided to settle the account? I imagine that would look very, very strange on paper.

Sub: #8 posted on Mon, 11/28/2005 - 12:02

a freeman a freeman

(Posts: 44 | Credits: 43.28)

a freeman

Go through the paper very thoroughly. Do not miss a single line stated in it. If everything sounds good, you can plan ahead with the deal.

Sub: #9 posted on Wed, 11/30/2005 - 09:40

ben ben

(Posts: 2034 | Credits: 426.36)

I paid them over $1,000 in interest payments. I too could not find anything on them. I am stopping all debits to my account as they have gotten more than enough money from me.

Sub: #10 posted on Thu, 12/01/2005 - 10:08

Unregistered


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