payday loans with Magnum Z llc

This is the information I found in another thread.

Magnum Z LLC / DEBT DOCTORS
Address - PO BOX 126, WENTZVILLE MO 63385-0126
Phone - 888-276-4189 / 888-756-2607

Know the laws of your state and search this company if they are licensed in your state. You also need to find out how much you have paid on the account and write a letter to the company reciting the laws. They need to refund the excessive charges debited from your account. Take the help of the AG and speed up your actions.

I have delt with MagnumZ and am still trying to get my refund, which Dennis Best told me I would have to go through their office in the West Indies since his company, Debt Doctors, could not issue the refund. They were basically the middleman. They owe me about $1000. dguame ~ I have sent you a pm with some information. Now I did not really have too much trouble getting them to mark my account PIF, just getting the refund is a different story.

I had looked at their website and took a payday advance through another company, but somehow Magnum Z got my info and is taking money from me. Is there any thing I can do to find out how and why they are getting my money?

Jenna, who did you get your PDL from? Many of these companies have multiple DBA's.

Also, what state are you in, how much did you borrow, and how much have you paid? If you can answer these questions, might be able to help you further.

I am having the same problem with these jerks. I have finally gotten a number to get someone (A REAL PERSON) on the phone. They claim to have been trying to reach me since Sept 2006 (supposedly when the original loan was taken out). Apparently they are only taking $90 per paycheck out (INTEREST ONLY) until they hear from us to make some kind of payment arrangement. Anyway, here is the number. I hope you have better luck than I did.

Debt Doctor/Magnum Z LLC

888-276-4189 ext 100 Dennis or ext 101 Katie

888-276-4189

I just got off the phone with Dennis at Magnum Z, and the way that the loans work is, the amount getting deducted from your account on your paydays is just a finance charge. Unless you pay additional money to the principal, you're just giving away your money each payday.
I would advise everyone to call 1-888-276-4189 and pay off your loan today.

I suggest figuring up how much you have paid in fees, seeing what your state law says and go from there. I know for us, we paid way more than what we should of and technically they owe us a refund, but Dennis refuses to do anything saying that he cannot issue the refund, I have to contact their main office in the West Indies and guess what, they either ignore my letters or they get returned. But look at your bank statements and do some calculating and then figure up how much your loan actually was, including finance charges and if over paid, push to get it marked PIF. It took me a few times of contacting them, via email because I wanted everything in writing, but did finally get it taken care of.

i cant believe this is happening these people just sit around thinking of ways to screw people my account is now 200$ negative because of these jerks

This company has taken a little over $1,000 from my account. I finally contacted the Maryland Office of Financial Regulation...payday loans are illegal in MD, so they filed a complaint on my behalf. They have sent 2 letters to the company regarding this matter. I received an email stating that the account was sent to collections, which I forwarded to the woman who is handling my case. They haven't taken any more funds from my account (and my bank actually credited me for the last 3 deductions made). My caseworker called me today and said that she is requesting that they refund me my money. So, depending what state you are in, contact your Office of Financial Regulations, because they should be able to help.

I also considered taking out a PDL and logged onto a website, and then the following day there was $250 in my account, tried to find out who these people were, and was told by my bank there was no number attached to it, they have been debiting my account for $75 every two weeks, and I never agreed to this loan. I believe they deserve their $250 back but that's it. I have been attempting to contact them for 2 months, and no one was able to provide me a phone number. This site has been quite helpful. But need to know what I can do if they deny refuse to end the loan.

I also had applied for a PDL from another company and suddenly $300 shows up deposited in my account with Magnum Z with no contact info. I didn't know where it came from or who to contact (the bank had no contact info either). They were doing the same thing to me by taking $90 out every 2 weeks. I contacted this Dennis at debt doctors as listed here on the website. He is saying that I agreed to this loan both verbally and electronically. I never spoke to anyone from this company nor did I respond electronically. This Dennis was no help at all. He even told me they sold my account to a collection agency...of whom he had no company name for..."it's just someone we call". All he would do is give me the phone number. When I asked him several times what company, and how much do I supposively owe...all he could say is "I don't know" over and over again. So I asked him how is it I supposively have a "legitimate loan" with you people and you have no information on how much I owe or who you sold my account to. This Dennis was no help at all. I did tell him that through research that I had noted that his company was all over the internet about doing this same fradulant thing to several people. All he could say is well you know how the internet is..there is always bad stuff on there. I had to close my bank account and open up a new one. When they closed my account the initial $300 that was deposited was sent to wherever it came from. Therefore in my opinion I don't owe anyone anything. I never received any communication from these people. Now, my new account has been accessed and two $90 transactions were taken out by what the bank said was a forced debit!?!?! Apparently it is from this company that Magnum Z sold my account to...of which I have not received any calls, mail, email or anything. My bank is fighting it, but don't you think that the bank had to have allowed it to be processed through since it originated from my account that was closed???? Or could this BOGUS company have hacked in and found out my new account info!?!?!
Someone please tell me where do I go from here.

I havd had the same experience as all of you. I don't know what to do, i am from NY and I have no idea where to start with getting them to stop deducting money from my account. I am gonna change my account number but i don't want them to mess up my credit. the loan was never authorized by me but Dennis said that he has a voice record of me but refused to let me hear this voice message. He said he would report me to the collections department. This place is such a scam!! can anyone help me to know what i can do to get this situation under control.

I'm in the same boat so I gues I have my work cut out for me.

i used them did not pay close attention i also payed 1000 for a 200 dollar loan the fee was interest they took every other week

is this the same as magnumcashadvance :?:

I don't think so.
??
Magnum Cash Advance has one license in Delaware but they are really located in the British Virgin Islands.

BEWARE OF THIS FRAUD!!! I was looking for loan companies online one day and considered one company, but chose after all not to get the loan. Then someone from Magnum Z called me trying to offer me a $250 loan and be charged $75. I told them I wasn't interested and thought that was the end of that. Boy was I wrong!!! They somehow got my checking account info (I have no idea how) and deposited $250 in my account. I never authorized this. From 12-17-08 to 3-3-09, they withdrew $75 every 2 weeks from my account. Then took $375, thus causing bounced checks and a headache! I contacted Dennis ( scumbag!) and argued on the phone with him about this loan. He said I supposedly talked to someone requesting the loan, then he said I applied online and electronically signed for the loan! I told him he and Magnum Z were nothing but scum bags and they would not get anything else from me because I was then having them investigated for fraud by my bank and my account was closed. I had said " How dare you scam people like this! I just had a baby 1 month ago and the money you are taking from me is to buy diapers and feed my baby!" Guess what happened? Dennis hung up on me! Guess he didn't expect to hear that! I did end up getting my money back only a week later, and no return phone call from them. I have read the numerous complaints that people have, but just contact your bank, and hopefully they can recover your money. They are lucky im not a psycho, because I would take out their organization, with much harm included!! What scum bags!!!

Well I can't argue with any of that :wink:

I am glad you got your money back. If you applied at all for a payday loan on the internet they may have gotten your information that way.

did you ever apply for one, they send you from one payday lender to another fikllingout the same application over and ov er.

I called Debt Doctors, and they said they are not associated with Magnum Z. They referred me to pghn 877.355.3915. When I called that number, it was answered with the business name of MyNextDayCash.

MyNexyDayCash is the same as Everest Cash and operated in Nevis. Read their "Terms and Conditions", it states it clearly. They are NOT legal anywhere in the U.S.
mynextdaycash.com/TermsAndConditions/default.aspx

Almost all Internet payday lenders are some how linked to one another.