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 Posted: Sun Aug 19, 2007 6:16 am |
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This forum has given me very valuable information on PDL's. Now..I have a 'tough' question. I recieved from a company called Cash Call. They are based in California. I live in PA. Cash Call chargers nearly %99. Obviously, I couldn't afford the payments. PDL's don't appear on credit reports, but, Cash Call is on mine. I don't think they are 'legit' because of all the % they charge. Any advice from 'you wonderful people'?
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sdchargers_63
Joined: 08 Aug 2007
Posts: 1283
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cajunbulldog
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| Posted: Sun Aug 19, 2007 8:17 am |
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cajun is right! Cashcall is legal and they do not even lend in some states because of laws. They are financially backed by a bank.
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Leah
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| Posted: Sun Aug 19, 2007 8:30 am |
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As stated above....Cash Call is not a PDL..please read the info on them.
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If you think you can, you can...if you think you can't, your probably right...
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Morningstarr430
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| Posted: Sun Aug 19, 2007 11:47 am |
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Thanks for the advice. I'll do that. Cash Call is the only 'big' deliquent account, I have, on my credit. I'm sure I can find some info on how to deal with them.
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sdchargers_63
Joined: 08 Aug 2007
Posts: 1283
Debtcc Points: 11812
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| Posted: Sun Aug 19, 2007 9:16 pm |
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I've read some ugly stuff about them. But like stated above, they are legal (unfortunately). Keep us updated on how you're doing with them.
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cannr
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| Posted: Mon Aug 20, 2007 7:11 am |
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They are really awful to work with. Pretty much if you don't do exactly what they want they get ugly.
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goudah2424
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Joined: 31 Oct 2006
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| Posted: Wed Aug 22, 2007 10:30 am |
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has anyone heard about a Class action Law suit against them?
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jamesongllc
Joined: 22 Aug 2007
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| Posted: Wed Aug 22, 2007 10:39 am |
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No, is there one? That would be awesome news! 
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goudah2424
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| Posted: Wed Aug 22, 2007 10:47 am |
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If you know about any class actions against them, please let us know. I love to follow cases like this.
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fedupinpa
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| Posted: Wed Aug 22, 2007 11:23 am |
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I hope there is one. I hope to see them put out of business.
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eleroo
Joined: 06 Jun 2007
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| Posted: Wed Aug 22, 2007 11:38 am |
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The 'thing', that bothers me, is......there are several people that have tried to deal with CashCall ( as I have ssen on this forum, anyway) and, obviously these people are having no success. I've done SOME research..I've called different consolidation comapnies, etc, and from what I am being told, " Cash Call cannot be touched." So.if ANYONE out there finds any info, please let me know. My 'Quick Messages' aren't working correctly, so, please PM me. Thanks.
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sdchargers_63
Joined: 08 Aug 2007
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| Posted: Thu Aug 23, 2007 4:14 am |
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As far as anything I have seen they are legally, outrageously high rates, but legal
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fedupinpa
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| Posted: Thu Aug 23, 2007 6:54 am |
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I would love to see a class action suit against this company, but I don't know what it would be for. Federal law allows banks to export their home states interest rate laws to any state they are operating in. Which is how Cash Call gets away with the ridiculously high interest rates. But if there was a suit going on that would be great. These kind of places need to be put out of business.
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goudah2424
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| Posted: Thu Aug 23, 2007 8:00 am |
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How can they be 'legal', with all of that high % they charge? Gosh!! I wish I never got invovled with them. But....I am getting some good ideas, on how to deal with them, from different posts I've read. Thanks everyone.
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sdchargers_63
Joined: 08 Aug 2007
Posts: 1283
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| Posted: Thu Aug 23, 2007 8:09 am |
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Because Federal Law allows FDCI insured banks to import the interest rates from their home state to other states. They are based out of Deleware, where there is no cap to interest rates. So per Federal Law they are allowed to charge any rate they want in any state.
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goudah2424
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