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I am trying to make arrangements with CMG but they emailed me back stating that the lender denied the request and the only option i had was to paydown or payoff my loan - anyone any luck with them.




I think you should talk to your original creditor directly and not via a CA. Other members may suggest you more on this.

Sub: #1 posted on Fri, 06/27/2008 - 11:31

phoenix phoenix
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CLICK HERE for some interesting information on this group. Sammie, you aren't sending them payments by check are you, or are they debiting your account? What state are you in?

Sub: #2 posted on Fri, 06/27/2008 - 16:07

Shazzers Shazzers
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No I revoked my ACH authorization with them and sent them a letter stating all communication is to be done through email or USPS. Well I have been emailing them. I had a 250 loan, well I have paid them 300 total back to them. They say I still owe the 325. I told them I would send them 25 more dollars but they say that they wont except that, my only option is to paydown or payoff. I dont know what I should do next - how to proceed with them. Sam

Sub: #3 posted on Fri, 06/27/2008 - 19:31

sammiewh sammiewh

(Posts: 22 | Credits: 4.93)

oops - I forgot to tell you that i am in Texas. I have a total of 4 internet payday lenders - here is that info.

CMG 250/325 - paid 300

Loan Shop 300/390 - paid 360

Cash Transfer Centers (This time) 500/638 - paid 0 this time - this one is paid off every two weeks and then I have to reloan.

Magnum Cash Advance 592/928 - paid 233 -

So far by reading the boards - Cash Transfer Centers seem to be the one to be worried about.

Sub: #4 posted on Fri, 06/27/2008 - 19:34

sammiewh sammiewh

(Posts: 22 | Credits: 4.93)

Sammie I don't think Cash Transfers Centers is licensed anywhere in the U.S., if I am wrong about that, someone please correct me. Anyway, if I am right, all you are morally obligated to do is pay back the principal amount. If I were you, I would file complaints with; Texas Office of the Consumer Credit Commission, Texas Attorney Generals Office and Texas Finance Commission. I would send an email to Cash Transfer Centers and tell them you are willing to make payments through USPS with a money order only. So, if they want their payment, they need to give you a physical address to send it to, and if they object, then so sad too bad for them. Please remember, I would do all this only if I was sure they were illegal/unlicensed, and based on the information I have dug up here at this forum, it appears they aren't licensed. Have you sent these pdl's a wage assignment revocation letter, and given a copy to your employer?

Sub: #5 posted on Fri, 06/27/2008 - 19:47

Shazzers Shazzers
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(Posts: 17342 | Credits: 1592.85)

I've also been digging up some info on CMG, as I am sure you have also. I can't figure out if this is a collection agency or a Internet payday lender. Anyone else know? :?

Sub: #6 posted on Fri, 06/27/2008 - 19:51

Shazzers Shazzers
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Internet Payday Lender.

Sub: #7 posted on Fri, 06/27/2008 - 19:52

goudah2424 goudah2424

(Posts: 7936 | Credits: 1224.91)

Thanks Goudah, it kinda appeared that way, however there were some contradictory posts that left me a little confused.

Sub: #8 posted on Fri, 06/27/2008 - 19:54

Shazzers Shazzers
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(Posts: 17342 | Credits: 1592.85)

I have sent them an email stating that I would pay back the principle. I have sent a wage revoke letter to them as well. So far I have not heard from them. I am willing to pay them back, but after looking on here - it seems that they are not really willing to work with you at all. I found an address on here for ecare center in canada that they are apart of and I think i am going to fax them a payment plan arrangement to them and see how this goes. I plan on filing complaints with the texas as well. I sure wish i would have found this forum before i took those payday loans out. It was such an amazement to have a full paycheck this time.

Sub: #9 posted on Fri, 06/27/2008 - 20:09

sammiewh sammiewh

(Posts: 22 | Credits: 4.93)

Oh believe me, I know what you mean. You can only do so much, and based on the things you have said here, you are trying to work out arrangements with CTS, if they won't budge, then it's going to be their loss. You can only do, what you can do, and at least you are trying!

Sub: #10 posted on Fri, 06/27/2008 - 20:14

Shazzers Shazzers
Moderators Cum Industry Expert
(Posts: 17342 | Credits: 1592.85)

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