Magnum Z LLC: Is it a reliable company?

I had gotten a loan from magnum and from gfsil, to my surprise they both have the same e-mail, well
i would like to know for my magnum acct how
Many more 90.00 payments that i have to make
To your company i have already paid $450.00
For a $300.00 loan, also i have paid $575.00
For a $400.00 loan, i feel i have the right to know how many more payments that you will be taking out of my account and have them paid off, however i have contacted an on-line lawyer about these, so
Please let me know by e-mail email address removed as per forum rules - Mike

thank you shannon ilges

Welcome to the forums Shannon. This is a place where we discuss debt issues not a loan company. Go to www.paydayloaninfo.org and look up your state laws on payday lending. If you have more questions please ask. Best Wishes KYSIDE38

I woke up this moring found that my bank account was overdrawn by $468.00 and $60 debits were all over place by Magnum. My back has declared this Fraud and I had to pay to fill out paperwork to try to get my money back - plus open a new account. :twisted:

This company is fraudulent. I never applied for alone and yet they deposited $200.00 into my account and they said that I authorized it, which I never did. They deposited in an account that I never use, so I never even knew that the money was there, until my bank sent an overdraft notice to me. I had $2.82 in my account and they added theirs. I never used it, so they took the money out + $40. The debt collector called me at work to harras me and I sent them my bank statement, showing they took the money out. She was suprised. She was also suprised that this company goes by 2 different names. I have contacted the better business bureau and they have givenme others to call. We need to stop this fraudulent activity. The lady that gave me their number told me that she gets calls all the time about the fraud that happens with that company and she told me that is how they get others. They'll put money into your account, take out and make money off of the interest. It is a scam. If it were a legit business, there would be a number that you could call and they would have a website

Natalie Welcome to the forums. WV is suing this company also. They are in the 14 that is being sued now. File complaints with your state Attorney Generals consumer division office/. These people need to be shut down. The more complaints the better. Kyside38

Military Financial aka Magnum Cash Advance got one of my soldiers..and after my recent success in dealing with my IPDL's..i am going to help him deal with them...they want to charge him 768 bucks for a 400 loan..i think not..so i had him email them a copy of the state statute...i am waiting for the we dont have to abide by your state law email hahahha

katie best called me yesterday and i withdrew my application and they still deposited the money from my bank account...she was rude and arrogant and i think they need to be reported...

katie best called me yesterday and i withdrew my application and they still deposited the money from my bank account...she was rude and arrogant and i think they need to be reported...

katy best called me yesterday and i told her i wanted to withdraw my application and they still wired money into my account and then i called her and she gave me the rudest service i've ever recived from anyone....then dennis apparently the "manager" said that they are going to pull the money out of my bank account but they are going to let the other loan companies not to approve me...who would do that...this company needed to be reported and investigated...they are ruthless cheats!!!!

Ok i just got a phone call from jackson philipps regarding my loan with magnum z and they are threatning us with a lawsuit because we "breach" our contract with them? Has anyone gotten a phone call from them as well? I dont know what to do because I cant find anything with Magnu Z regarding our balance and they do take out money every two weeks. I dont have a copy of the agreement so that's my fault but when i typed in magnum z llc, this forum is what came up. Can anyone help me?

Welcome to the forums jadesmom, First go to www.paydayloaninfo.org and look up your state laws on payday lending. Pay back the principal and interest only. These people will bleed you dry if you let them. They are being sued by the state of WV. They gave loans illegally here. Payday lending is prohibited in my state. KYSIDE38

Today I had someone contact me from Magnum Z LLC his name was Anthony, I guess because I finally got a clue and told my bank to not allow any transfers from this company which they have not. Now LLC or whatever their stupid name is tried to get another 90.00 out of my checking account. I needed a payday loan but did take one out with Debt Dr. which they say they use several different names. Anyway's I told him where he could take his call and also said to go ahead and try to file a complaint or make a threat to me because once your bank has your authorization they will not hold you responsible should your account go in the negative due to this company trying to transfer funds.They are the biggest scam online. I can't believe they took me for 635.00 short end of it I am pissed but leason learned. I know they can't do anything except hang up and attempt to call another person. I said go ahead an do what you need to do to get your money but it won't be from my checking account anymore. I hope for the best for you. :)
The bottom is they can't really do anything. You can actually sue them for 3 times the amount they have taken from you. Go to BBB and type in payday loan companys which will provide you with the laws of your state and what your legal choices are.

jadensmom? if you havent done so, have your bank deauthorize them from taking money from your checking account ASAP. And don't pay no heed to their threats of putting you in jail.....then haul tail back here & get help dealing with the rest of it, okie dokie?

The same thing has happened to me. I did a check at whois for debtdoctor.biz and the following is info I found:
Registrant Contact Information:
Name: Dennis Best
Organization: Magnumz, LLC
Address 1: 1958 Woodland Ct.
City: Wentzville
State: Missouri
Zip: 63385
Country: US
Phone: +1.6363273947
Email: dbest(at)debtdoctor.biz
I had 250 show up in my account thursday morning. I'm gonna start with contacting my bank Monday to stop any transactions from either companies. Please let me know if this is a good start.

Do you have a loan with Debt Doctor? In case you need their phone number, its 888-276-4189 / 888-756-2607

It looks like that you haven't authorized the loan company for any debit in your account. If this is the case, ask your bank to dispute the charges and help you in getting the money back. Block their company code in case they try for another debit in the future.

Magnum Z LLC contact infomration is Company Name - DEBT DOCTORS
Address - PO BOX 126, WENTZVILLE MO 63385-0126
Phone - (888) 276-4189. This is the only phone number that thay have.

Good Luck

See my last post on my thread "We need help". There is an address, phone number, email, etc for MangumZ and Dennis BEst. Hope it helps!

thread link here:

http://forums.debtcc.com/settlement/about22121.html

I applied for a payday advance loan and received several emails with the exact same loan documents except they had different company names one of which was Magnum Z LLC. Some named Samantha called me and explained the terms of the loan and she said that you have to contact them 3 business days before your loan is due if you want to pay down or pay off your loan in full. you have to request in writng via fax at 1-866-813-6029. I received $150 in my account the next morning and am satisfied with the terms. I saved the loan documents on my computer. Hope this helps somebody.

I don't remember applying for this loan. $200 was deposited in my account 2 weeks ago and now $60 is being taken out. How hard was it to pay off the loan?

i don't know where this company got my information, but i called 1-888-276-4189 ext. 100 and talked to some guy named dennis who told me that his company had talked to me and a co-worker of a place i have never worked before they gave me a loan. i told him that no one had ever talked to me about this and i never authorized any loan. i then went to the police and filed a report. when they called him he told them he could not give them any information without my consent. he then called me the next day and told me that in fact no one had ever made contact with me therefor i do not owe any money back and the girl who handled my account had been let go.

Dennis is the one that told me that he could not authorize a refund of what I had paid and would have to contact the home office in the West Indies, which I still have not gotten a response back from. He told me that basically they were "the middle man". He did mark my loan PIF, but boy this was an expensive lessont. I am going to keep trying to get a refund, since it would be about $1000.

Christy ~ glad to hear you got things straightened out. Could almost guarantee you that the person that "handled" your account was not let go.

Magnum is null and void in the state of WV. They have signed a letter stating they will offer no more loans here. YAH!!!! KYSIDE38

Does anyone happen to know the website that we apparently went to, to fill out this loan application? I talked to Dennis and he said I applied for a loan, I have applied for loans but when got to the finance charges to review I never submitted the application. This is driving me nuts. I cant afford to pay what they are taking out monthly, expecially for something that I did not authorize, I would like to see my authorization, and the people like Dennis and Katy are no help, dont bother calling them!

Whenever you have a deposit or debit from your acct that you did not authorize, you should contact your financial institution immediately. They will be able to send back the transactions if it's unauthorized. They can help you stop these transactions in the future also.

Travi101707 ~ I had a loan through them, but could not tell you what site I was on. I think me and my husband went to a payday loan site and filled out some information and then we got a call from a couple of people in reference to loans, so who know what site that you might have hit.

I never called them, just send emails. It did take me a few emails but finially got a response.

Dennis marked out account PIF, but would not refund any money. He said that he could not authorize a refund and that had to be done through their main office in the West Indies!

2nband I went through my bank and filed a claim they are researching and contacting the authorities if necessary, they have returned my money. I have also filed a complaint with the BBB. I received the same PIF from Dennis wanting a signature and fax back. This is so Crazy!

This company is debt doctors call 1-888-276-4189 ext 100 for Dennis. You can set up to have you loan paid down or paid off. Thanks to you guys and the information you guys gave, I was able to get my loan paid. :D Thanx Tony B.

i was surprised that i have an extra $200 in my acct. i called katie and according to her somebody fr my house called them to approve the loan, but it was my name on it so why will they accept an approval from another person? plus the people fr my house does not know that i applied for this loan so how will they call magnum. per katie money will be withdrawn without me being charged for $60.00. thank u guys for posting this - also beware they will pretend that the phone went dead when they put u on hold but call them again and let them know that u r on top of this issue.

Glad to see you guys were able to take care of your loans! That is great.

Still wish I could have gotten a refund from them. Might have to try to send another letter to the "West Indies"!

has anyone heard about cmg group? It's about the same as magnum z.

I stopped payment on the fees. WATCH OUT
This company is also know as Westbury, two days ago they withdrew $400.00 instead of
$75.00. CLOSE YOUR ACCOUNT & OPEN A NEW ONE!!!
Westbury
2207 Concord Pike #505
Wilmington, DE 19803
800-859-6439

I am also filing a complaint with the Attorny General. I suggest you all do the same.

i have been paying this forever 9o a every other week i need t o see if i can get this taken care of i think they owe me money i will have to fight this i gues thank you for the info kathy

Has anyone resolved this problem because I have this same issue and I really need to get it resolved as soon as possible.

how do you have a loan with this company and not know anything about them?

This just happend to me I applied for one of those payday loans at ipaydaylending.com. I got a call shortly after from a woman whos name I did not catch telling me I was approved for the loan I applied for and that the loan would show up in my account tommorow from Magnum Z. It didnt dawn on me until a few minutes later when I actually got a call from the real company I applied for the loan with who sent me all the documents I needed and approved my loan. I got several emails right after from debtdoctor and magnum Z asking me to follow an address to review my loan documents. I have emailed them to cancell this bogus payday loan and called their number but gotten no answer.

Also Arrowhead investments is directly linked with them although I was not able to find any contact info for them

I dont know who to contact I never used this company and they are debting 75 dollars out of my account.

I have called my bank and they are doing everything in their power to stop this nonsense. I am so relieved I had this forum to look at and realize I am being taken for a ride! Please know that you dont have to be a victim. Do whatever it takes to fix it immediately. I think Im going to close my account and start over.

[font=Arial][/font][color=Black][/color][size=3][/size] I just barely found this web site and I also need to handle this they've already have taken $270.00 from my account. I don't know what to do. I never signed up for this loan..

Welcome to the forums? What state are you in? Have you taken any payday loans because sometimes they go by many different names. Kyside38

I just got a call from a collection company threatening to arrest me for fraud on a loan. I have no way to reach them to pay the balance off. Now some guy is calling asking for 850.00 on a 300 loan. Is is a scare tactic? I called the number posted, but get get voice mail... HELP.....

renes,

If you haven't spoken to them again, I would wait for the next call. While laws differ from state to state, I have yet to read the article about someone who was arrested over not paying back a loan.

What they can do is sue you in small claims court, win a judgment, then try to garnish your wages, but somehow I have the feeling that companies who use these tactics won't go through that process.

If the loan isn't legitimate (i.e. you don't have one outstanding), I would trace the call and report it, as it could be a scam to force money out of you. If it is legitimate, I would go to your lender and work out a payment plan with them.

Depending on the state, once a loan goes into default, they are limited to collecting only the principal on the loan and not the interest. It's still a hit to your credit report, so I don't recommend it, but it may be an option where you live.

Check with the local/state laws before proceeding so you are aware of your rights in this situation.

Good luck.

Some lady from a place called bad debt investagations called me today saying that I still owed magnum $420 on a $300 dollar loan. I have already paid them $560. I put a stop payment on them but She said if I don't pay by the end of August that they would take me to court. Do i pay them or not?

Jen ~ I would say that you have already paid them off. I don't think they are going to take you to court. I have been trying to get a refund from MagnumZ, LLC and was told I had to send letters to the West Indies, needless to say no response or the letters have been returned as undeliverable. What state are you in? You might check to see if they are licensed in your state.

How do I find if they are licensed in my state? I live in OHIO.

i never applied for this company and received the funds now i want to pay them back but have no info...now im scared.help

I was also having $60.00 every 2 weeks and after finding the phone # 888-276-4189, I finally got someone on the line, they said according to their records they did not show that I had called in to request the amount to be paid off! This was new to me, so they made out like fat cats on me! Needless to say I am having them pay off the amount, and will keep a very careful check on my checking account to make sure they take nothing else out. :x

As with many of you I also was contacted by this company and deposited money which I did not apply for. I think these are modern day thieves which need to be stopped immidiately.

please guys be careful coz this company call magnum"z ll c is a major fraud if you got loan from them be aware that you might not be able to pay back,but dont worry coz sure they know how to get pay , they just go to your bank account and automaticly or electronicly withdral the money. thanks.