Washington State Department of Financial Institutions

Consumer Alert:
Global Group Holdings LLC

Unlicensed Payday Loans

April 16, 2012

The Washington State Department of Financial Institutions (DFI) received a complaint from a consumer who reported they obtained an online payday loan from Global Group Holdings LLC. The consumer alleged that this company charged excessive loan fees and NSF fees.

The email address associated with this company is globalcs@midlandcopanies.net and telephone numbers 800-783-4936 / 888-241-5893 (fax).

Global Group Holdings LLC is not licensed by DFI, and is not registered to conduct business in Washington by the Department of Licensing, the Department of Revenue, or the Secretary of State.

Verify Licenses

DFI strongly recommends that residents verify the license of any lender with which they consider doing business with. Consumers are urged to verify licensing status prior to giving the lender nonpublic personal information, such as social security number and checking account access. You can verify a license with DFI at www.dfi.wa.gov or by calling 1.877.RING DFI (746-4334).

Report Violators

If you feel you are in immediate danger contact local law enforcement.

If you feel you have been the victim of a loan scam please contact the Federal Trade Commission at 1-877-FTC-HELP (382-4357), or online at www.ftc.gov.

If you feel you have been the victim of a loan scam involving the Internet please contact the Internet Crime Complaint Center online at www.ic3.gov.

If you feel you have been the victim of a loan scam and are concerned about your personal financial information, contact your banking institution, and the three major credit bureaus.

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