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Internet payday loan 2 years ago from CMG Group

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I obtained a Internet payday loan 2 years ago and was only paying interest, well I couldn't afford it any longer and called CMG Group to try a make payment arrangement but they would not, they overdraft my account $300 so I ended up closing account. Now 2 years later I receive a call from a lady saying she was process officer from the city I live in saying I was about to be picked up for fraud and that I can call 855-509-5716 to see what the charge is. When I called they answered Imperial legal payment processing they told me that I owe $700 for a $300 payday loan I told them I'm willing to make arrangement since I know I did obtain loan they went down to $500 since I haven't gone to court and $200 was for court cost but they would only take a credit card for payment. These people knew all my personal information like my social security number, that I had file chapter 13 my place of employment. I told them I didn't have a credit card he told me they have a system that shows I have a Visa which I did it was a prepaid and I admitted and even gave them the number but no money on the card . I was actually thinking about making arrangement but something just don't add up I think it's a scam but how they knew all my info including thy I owe that check. I don't want to have afraid charge on my record, will lose my job. How can I find out if they are scamming me. I goggle the company name and telephone there is know record except the telephone is from North America I have tried to reach CMG for 2 days keep getting the same recording. Any advice. Sorry for the long letter.

Bad move. NEVER ever give out personal information like credit card number/routing number to a voice on the phone. You never know who you are speaking to.

Now, time for some damage control. Yes, you figured it right. This is a scam. On top of everything, you fell for the same gag twice. CMG is an illegal offshore lender and I am pretty sure you paid them way more than the $300 you had borrowed. But the past is the past and there is nothing we can do about it.

On to the present issues then. You just gave away your card number to some thief who would have drawn every cent in there. Luckily, there is no money in there. Now, you need to call the card issuer and inform them that the card has been compromised. They would either cancel the card and get you a new one or just change your account number and send you a new card. That should put a plug in the security breech.

You would need to file a complaint with the county cops, the AG and the FTC/CFPB about this. If you want to go the extra mile and protect yourself further, call the 3 credit reporting agencies (Experian, TransUnion, EquiFax) and ask them to put a fraud alert on your credit report.

Sub: #1 posted on Wed, 10/24/2012 - 23:41

Steve Barris Steve Barris

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ask them to put a fraud alert on your credit report.

Keep in mind you will not be able to get any form of credit with one of these on your report

Sub: #2 posted on Thu, 10/25/2012 - 21:18

waffles waffles
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As far as I remember, you can remove a fraud alert by requesting the CRAs in writing and including copies of documents to prove your identity. TransUnion lets you do all of that online as well.

Fraud alerts expire after 90 days (unless you renew them) so you can let it burn out naturally.

Sub: #3 posted on Thu, 10/25/2012 - 23:59

Steve Barris Steve Barris

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Start working on finding a cure because your financial future is going to suffer because of this. Such things reflect badly and can make it difficult for you to take out newer loans.

Sub: #4 posted on Thu, 11/08/2012 - 01:08

daniel.radcliffe0110 daniel.radcliffe0110

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how does an illegal loan matter?also i doubt that the OP would make the mistake of taking other loans.geez daniel.

Sub: #5 posted on Thu, 11/08/2012 - 06:23

paulmergel paulmergel
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