Legal Question in Business Law in New York

payday loan problem
Hello, I have a problem. I had been looking online for a payday loan and found a company for which i agreed to terms with. they placed the money in my account and when i went to check my account two weeks later i noticed they took thier money as agreed but i noticed someone else deducting $90 from my account. the company is called Magnum Z LLC. They have been deducting this amount from my account for five pay periods for a total of $450. I went to my bank stating i never authorized this company to take money out and they had me fill out paper work to investigate it. finally after looking online for the website I could only find a blog of people complaining about how this company is a scam and a rip off and how they did the same thing to them.It is a payday loan company that got my info somehow and stated i authorized them to deduct money. I called the number that they all had and spoke to a man named Dennis and he told me that i authorized it but refused to let me hear the voice recording. He said he spoke to me or someone with my info and read them the terms of the loan. He also said that he had records of the phone call and the terms and would email it to me. but has yet to do so. I don't know what to do? Help!

Asked on 9/08/08, 3:38 pm

Michael Markowitz Michael A. Markowitz, PC

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Re: payday loan problem

I would immediately contact the NYS Attorney General. Information may be found on its website: www.oag.state.ny.us.

Mike.

Answered on 9/08/08, 5:28 pm

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