Westbury

Date: Mon, 08/20/2007 - 16:06

Submitted by anonymous
on Mon, 08/20/2007 - 16:06

Posts: 202330 Credits: [Donate]

Total Replies: 10

A few months ago I looked into getting a payday loan over the internet. I applied at two different locations, but after seeing their offers, I decided not to accept either loan and perfomed none of the steps that their sites said I would need to do to confirm and receive the money. Neither company had authorization from me to even deposit any money into my account since I applied but didn't accept their offers. The next day though two deposits were put into my account for $100 each. I thought it would be more trouble than it was worth to have the money returned. I figured on my next payday they would take all the money owed them out of my account and that would be the end of it. Bells started to go off when on next payday they only each took out $30. I decided to wait a while to see if they would contact me about terms of the loans and how long they intended to charge me $30 each payday. When I received nothing from them, I went ot my bank and had them stop payments to these two companies. I got a letter the day saying that Westbury now owned my payday loan which was in default. It didn't list how much I owed them. It only stated that the original loan was for $100.
I have just discovered that this company has debited $160 from my account. I am planning to talk with my bank tomorrow about this, but I fear that won't stop them from finding some way to charge my account again.
The two companies that my loans were through according to my bank statement were SSM Group, LLC and CMG Group, LLC.

info

Anyone with any information on SSM and CMG for this guest?? I personally don't know of them. But I've read about CMG. Anyone?

lrhall41

Submitted by cannr on Mon, 08/20/2007 - 16:14

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Thanks cannr for your assistance I am from Iowa if it is of any

Thanks cannr for your assistance I am from Iowa if it is of any consequence.

lrhall41

Submitted by on Mon, 08/20/2007 - 16:54

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I have never heard of them, hopefully someone else will come alo

I have never heard of them, hopefully someone else will come along and tell you the information that you need.

It sounds as though they were taking out only the interest payments each paydate. They will bleed you dry if you don't put a stop to it. You need to send them a dv ltr.

You might want to read this thread: http://www.debtconsolidationcare.com/paydayloan/close-account.html. You might consider closing your account and opening up a new one at a completely different bank and do not give this information to anyone and don't apply for another PDL. I have a sinking feeling that these PDL's share their customer database info and somehow are able to attack your accounts. Call me paranoid but I think they are all connected someway. Better to be safe then sorry.

Someone with more knowledge then myself will be along to help you. You should register and become a member. You can earn debtcc points. Good luck

ladybug

lrhall41

Submitted by ladybug on Mon, 08/20/2007 - 17:38

( Posts: 2753 | Credits: )

spawn

SPAWNOFSATAN - your name scares me! :lol: I don't like it! But I am posting your Iowa state law for you to look at. Check it out. Rollovers/extensions are not permitted in your state. Which is what these pdl's are doing. No, no, no. Illegal. You need to get rid of your bank account. You need to read the "sticky" at the top of the site page regarding closing your account. Get that account taken care of so these people can not debit your account any longer. Go to a different bank and open a new account and do NOT give out that new information. Don't go cruising the pdl sites, don't fill out applications, don't go near them. You'll be in the same spot you are now once again. I'm posting your law for you to see. Remember, get rid of that bank account. Read the link with the information regarding closing it. If you have any questions, just post. I'm still scared of your name! :lol:

Iowa State Information here
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

lrhall41

Submitted by cannr on Mon, 08/20/2007 - 21:23

( Posts: 9317 | Credits: )

ssm group llc

if anyone has anymore info about this company (payday loan) please reply.

lrhall41

Submitted by on Tue, 09/18/2007 - 15:37

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reply

Westbury Ventures
loanshoponline.com
2207 Concord Pike #505
Wilmington, DE 19803

The BBB reports on members and non-members. If a company is a member of the BBB, it is stated in this report.

File Open Date: 05/01/03
Principal: John Kimball, Operations Director
Phone Number: 800-859-6439
Fax Number: 800-804-8731
Web Site Address: loanshoponline.com
loanpointusa.com
Membership Status: This company is not a BBB member
Type of Business: Advance Fee Brokers
Collection Systems
Additional Business Names:
DMS
Loan Point USA
LTS Management Services
SMTM, LLC
Whistler Loan Holding Shop