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CMG Group LLC - Is it a legitimate payday loan company?


CMG Group LLC is an internet payday loan company. Consumers complain that this company is not licensed to do business and it often engages in various illegal activities. Some of the consumers have shared their dissatisfaction with this company in the DebtCC forums.

Does CMG Group follow illegal business practices?

There are a lot of people who complain that this company does business illegally. Given below are some of the reasons why they think that CMG Group LLC follows unfair and illegal business practices:

  • They deposit money without any approval: The payday loan company is accused of depositing the loan funds into consumers' bank accounts without their approval. When you take money from an online loan company, you are supposed to sign electronically to agree to the terms of the loan. But a consumer complains that the company deposited a loan amount of $200, even though he did not sign on any loan agreement. Find more.
  • They withdraw money without intimation: One of the common complaints against this company is that they withdraw money from consumers' bank accounts without intimating them. One such person says that the company took out two payments of $60, but he was never informed when and how much money they would take from his account. Get the details on this.
  • Absence of paperwork and clear loan terms: CMG Group payday loans company does not always provide proper documentation stating the terms of the loan clearly. A customer says he got a loan from this company after being disqualified initially. But he never got any paperwork from the company. He neither knew the terms of the loan nor had any contact information about this company so he could cancel the loan. Know more.
  • Violation of agreement: A customer alleges that CMG Group LLC did not follow the terms of the loan agreement. He says the company was supposed to withdraw money on a certain day as per the agreement. But they kept taking money from his account at various time until the account was temporarily closed. Find more on this.
  • They credit excessive money: A consumer says that the company credited as much as $2340 from her bank account for a loan of just $300! She had to close her account finally to stop losing her hard-earned money. Check it out.

What action can you take against the payday loan company?

If you are not satisfied with the CMG Group LLC payday loans company and you think it is following illegal business practices, you can take the following measures:

  • Check if the company is licensed: You should first check if the company is licensed in your state. Many of the payday loan companies do not have license to do business. If you find out that the company is not licensed in your state, you are liable to repay only the principal amount and no interest at all.
  • Reverse unauthorized debit: If CMG Group LLC debits loan funds into your account without your approval, you should contact your bank to reverse the debit and have the money sent back to the loan company.
  • Close your bank account: If the payday loan company is taking money out of your bank account, close it as soon as possible. If it is not possible for you to close the bank account, contact your bank manager and tell him that you do not authorize any payment to this payday loan company from your account. Also ask him to block any withdrawal attempts on your account by this company.
  • Report any violation to FTC: File a complaint against them with the FTC if they violate the Federal and state laws. You can also report their illegal business practices to the state Attorney General's office or to the Better Business Bureau.

In case you want to contact CMG Group payday loans company, you can use the following details:


CMG Group LLC Address: 2 E Gregory Blvd Ste 200, Kansas City, MO-64114-1118


CMG Group LLC phone number: 866-516-9300

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Posts: 104
Credits: 5679.09
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Are CMG Group LLC licensed lenders. I found a CMG group LLC address in Nevada, is this correct?

They put $300.00 in my account that I did not authorize and they have taken out $180.00.

I filed a complaint with my Attorney General in PA and also the AG in Nevada.

Does anyone have anymore info on them??




Steg
Debt Samaritan
Posts: 391
Credits: 5666.05

Sub: #1 I did a search on the google box and found these threads on CMG
Tue, 08/07/2007 - 15:58

I did a search on the google box and found these threads on CMG Group.

http://www.debtconsolidationcare.com/creditors-informatio n/about25972.html

http://www.debtconsolidationcare.com/paydayloan/cmggroup- westburyventures.html

Go to your bank and explain to the supervisor that you never authorized CMG Group to debit money from your account. After you have filed the dispute papers, they will verify the details with CMG and get your money back




Unregistered

Sub: #2 CMG Group LLC
Thu, 08/30/2007 - 10:52

I am having the same problem. They put $200 in my account and have so far taken out two payments of $60. I have no problem paying back a loan but I didn't receive any emails of when they were taking payments out and how much. What did the AG for Pennsylvania say? Please contact me atemail address removed as per forum rules - Mike. I look forward to hearing from you.




meghan.hall
Posts: 2
Credits: 60

Sub: #3 Similar situation, please help?
Mon, 08/11/2008 - 15:35

I recently tried to get CMG Group payday loans online, and of course to even get a quote on how much they can give you, you have to put in all your info. I finally decided not to do one, cuz they couldn't give me the amount I needed. But somehow today my bank account has $300 from the CMG group. I dont have any contact info for this company, I dont even remember seeing this company name anywhere, so it must have been under some other payday loan site. I never signed anything or got a promissary note. It worries me though that all those online companies make you give your account info and all that stuff before you even agree to anything. I dont know what to do about all this. How do I contact them to clear this up?




Unregistered

Sub: #4 anyone have an email for CMG Group LLC payday loans company?
Thu, 08/28/2008 - 16:22

anyone have an email for CMG Group LLC payday loans company?




Unregistered

Sub: #5 CMG Group LLC Phone Number
Wed, 09/24/2008 - 09:32

Does anyone know CMG Group LLC phone number? They keep debiting money out of my account and I cannot get a hold of a live person...only an answering machine.




waterlu3
Posts: 24
Credits: 233

Sub: #6 cmg group llc 8665163100
Wed, 09/24/2008 - 12:14

this is the information I had from my loan. Hope it helps!

cmg group llc phone number - 866-516-9300

FAX # 1-866-516-9700

P.O Box 636 Charlestown, Nevis
West Indies




Unregistered

Sub: #7 Cmg
Fri, 10/03/2008 - 22:28

I took out $200 CMG Group loans from CMG in January. I never got anything in writing stating how much they would be taking out or for how long. They ended up taking $60 out of my account 6 times. I finally had to go to my bank and stop the withdrawals. Then they started calling me at work, leaving messages for "me or my attorney" to call them back. The caller always had a gruff voice, like they were trying to intiidate me. Finally they turned me over to National Credit Adjusters. They are just as bad. They still call me every day, and at one point they were even calling my friend. I must have listed her as a reference. They told her I had written a bad check to someone. I still have never gotten anything in writing.

I filed a complaint on CMG with the Iowa Attorney General's Office and also the FTC. National Credit Adjusters reported me to the credit bureau saying I owed $320. So that means they think I am going to pay back $680 for a $200 loan. Seems a little steep to me. It is illegal to charge that much interest.

Go to your attorney generals website and file a complaint. I know the guy from my AG's office was working on it because he left me a message at work.

Doesn't this just make you want to scream!!




Unregistered

Sub: #8 I didnt authorize CMG to deposit any money into my account and t
Fri, 01/09/2009 - 18:19

I didnt authorize CMG to deposit any money into my account and they did anyway. I didnt sign any contracts or anything. Now, I cant contact them about this situation.




Unregistered

Sub: #9 I didnt authorize CMG to deposit any money into my account and t
Fri, 01/09/2009 - 18:19

I didnt authorize CMG to deposit any money into my account and they did anyway. I didnt sign any contracts or anything. Now, I cant contact them about this situation.




dawnlango7

Posts: 1147
Credits: 4827.05

Sub: #10 Hi Tawana, Here is the contact info for CMG: Quote: ph-866-
Sat, 01/10/2009 - 09:33

Hi Tawana,

Here is the contact info for CMG:
Quote:

ph-866-516-9300
FAX # 1-866-516-9700
P.O Box 636 Charlestown, Nevis
West Indies


When did they deposit the money? If it was within the last few day's, you may be able to reverse it with your bank and have the fund's sent back.




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