I am trying to find an address for Midland Marketing Group or thebmgfunding group?

How can I find out if I'm being charged the correct interest rate?

I called to get the amount i still owe on my loan and no one has called me back yet. they continue to take thirty dollars three Xs in one day, every other week. I think i over payed. And the loan was only 150.

mylife - who is your loan with? Unless you pay the $150 plus the $90 finance charge for a total payment of $240, this company will keep rolling over your loan and only taking the finance charge of $30 every 2 weeks. I'm guessing the reason they split the $90 up into 3 debits of $30 is in case you don't have enough funds in your account, and they are hoping at least one of the debits will go through.

If you tell us what state you are in, someone can provide the state payday lending laws for your state and you can figure up how much you have overpaid on this loan according to your state laws. The next step would be to either have your bank block all debits from your account so this company can't get any more of your money, or if they won't do this, close the account and re-open a new one.

Then, you'll want to send this company a letter via certified mail/return receipt requested, advising them that you have overpaid your loan by $______ and want a refund of the overpayment and or your account marked as paid in full. Also advise them that you are hereby revoking ACH debit authorization on your checking account, and no future debit attempts will go through.

You'll also want to include your state's payday lending laws in your letter, so you can inform them as to how you came up with the amount you have overpaid. If you need help drafting the letter, just let us know, there are many people that will be happy to help you. Also, Polly, another forum member, has a template that you can edit and use to send to the company you have the loan with.