ED Magedson – Founder
Money Mutual Loans5300 Avilene stagecoach, Nevada United States of America
PLEASE STAY AWAY FROM "THE MONTEL WILLIAM'S ENDORSED " MONEYMUTUAL.COM PAYDAY LOAN SITE!
I applied in August 2010 for a loan through their website, rather than calling their toll-free line. The website is set up to not onlySHAREyour banking information with third parties, but AUTO SUBSCRIBEyou to multiple 10-day free trials with discount clubs.
I learned this only after finding 5 check drafts the above associated companies took from my bank account from Sept 1, 2010- November 11, 2010.
I called both companies by the customer service numbers on these checks they created and siphoned my account a total of $174.95. I did not even know who these companies were. A CSR; ( foreign of course, ) told me I was auto subscribed to these subscriptions for 10 days free as a result of applying for a loan through MONEYMUTUAL.COM, and since I did not cancel them, (like I had any clue they offered these).... I was responsible for the membership fees that were drafted out of my account. Fought today with a manager from the one company. Got nowhere.
I got my bank to write a former letter of complaint on my behalf over these 5 check drafts that did not come from my checkbook, nor were signed by me after I was instructed by my attorney to file a police report for FRAUD, then file an additional complaint with my State's Attorney General's Office, the BBB, and the Federal Trade Commission. I will update you all as my case progresses.
Incidentally, they have a d-rating with the federal BBB for these tactics.
Here's the BBB site info for them:
If you experienced what I have or something simular, get the evidence from your bank, file a police report, and complain to all the federal fraud agencies that'll take you complaint. My next stop will be the Media if no action is taken to my satisfaction...Getting my $ 174.95 back!
Good Luck to everyone!
This report was posted on Ripoff Report on 01/04/2011 01:20 PM and is a permanent record located here: http://www.ripoffreport.com/reports/money-mutual-loans/stagecoach-nevada-89429/money-mutual-loans-web-cpn-customer-service-1-888-348-7982-money-mutual-shares-your-bank-678563. 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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