ED Magedson – Founder
CMG GROUP, LLCCHARLESTOWN, NEVIS NEVIS, South Carolina United States of America
I was browsing internet payday loan options, and applied with a company that was supposed to match lenders to me. Well, I didnt hear anything and the next day, I had $300 appear in my checking account. Being in need, I used the $300. My next payday (this was June 14th), CMG GROUP, LLC withdrew 90.00 and every payday thereafter, they withdrew that amount. I closed the account in the beginning of October, so I have MORE than paid their initial deposit of $300 back to them.
I am now getting harassing calls from a company in New York that goes by the name of "Lombardo, Davis & Goldman" (their number is 716-989-5217). I was given a "dockett" number, and when I called their office, they said I had been assigned that number. I asked them if I was being processed through the New York Court system (as I could not find any info showing up on the NY court circuit website), and they said no, they were just bill collecting. They then told me that I would be prosecuted for writing "bogus checks over state lines". I told them they could try all they wanted for the fact that I did not sign for the loan, I have paid them over $540.00, and after speaking with the Attorney Generals office, this company is not even licensed to practice business in Oklahoma!
Also, in Oklahoma, the MAX amount that can be charged on payday loans is $15 per $100 borrowed. I supposedly "borrowed" $300---- so it should only be $45 in finance charges according to state law. I paid a total of $630.00 over a period of almost 3 months. I refuse to pay this company anymore money!!!!!!!!
This report was posted on Ripoff Report on 10/25/2010 02:33 PM and is a permanent record located here: http://www.ripoffreport.com/reports/cmg-group-llc/nevis-south-carolina-/cmg-group-llc-osl-fraud-fraud-scam-scam-scam-fraud-fraud-fraud-nevis-south-carol-655013. 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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