ED Magedson – Founder
MDG Canada2940 Bristol Circle Oakville, Ontario Canada
MDG Canada Paying for close to 2 years and balance only gone down $100???? Oakville Ontario
I have been making $107 payments since August of 2011 and my balance is only 100 less then it was when I started. According to my records I have paid approximately 1400+ towards the principal.
There is definitely something VERY wrong with that even with a high interest rate. In fact the big screen LED, stereo and blu-ray that I just purchased (from another company) cost less and will be paid off well before this account can every conceivably be if it only goes down $100 a year.
I have emailed support twice and received no response as to why my principal balance is so high still. I would suggest no one ever purchase from this company. I never ever will again. And as to building my credit rating it has not helped whatsoever.
The computer is/was sub-par, the customer service is non-existant, the contracts are vague (there is not stated length in the contract or in ANY written material) and as to the statements on the site, only 2 months are given at a time so you can never actually see how much is going towards your balance.
It's almost like my account was reset and I am paying all over from the beginning. Purchasing from MDG was the worst decision I have ever made and I will be making sure that everywhere I can post I will be posting and anyone I can tell will be told until all matters are resolved and researched.
As soon as possible I will be refinancing through someone else to pay off my balance and get the out from under the thumb of quite possiblely the worst company I have ever encountered.
This report was posted on Ripoff Report on 06/16/2013 12:48 PM and is a permanent record located here: http://www.ripoffreport.com/r/MDG-Canada/Oakville-Ontario-L6H-6G4/MDG-Canada-Paying-for-close-to-2-years-and-balance-only-gone-down-100-Oakville-Onta-1059568. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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