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#1
04-07-2009, 11:09 AM
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Cashcall payments are killing me!
Hey you guys!!
I am a engaged mother of 4 who wants to clean up her credit and get these loans off my back! Currently, I have a loan with magnum cash lending and Cashcall. Both of these lenders are bleeding me dry when it comes to their repayments!! I want to clean up my credit before I get married, because its going to be harder to do when that time comes. Can anyone help me with this, PLEASE?? I am current with both lenders, but my checking account is now overdrawn thanks to them. Any help would be greatly appreciated!! 
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#3
04-07-2009, 11:13 AM
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I believe Magnum Cash advance is Illegal. What state are you in?
Unfortunatelly Cash Call is not a payday loan, but rather an installment loan. They are Legal and are allowed to charge the outrageous %99.5 interest rates. What are your payments with them? __________________
"We are what we repeatedly do. Excellence, then, is not an act, but a habit." -Aristotle-
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#6
04-07-2009, 11:43 AM
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Magnum is illegal in Ohio.
I had a loan with them as well and I am also in Ohio. I blocked them at my bank and sent them a letter stating tha they are illegal and I only owed the amount borrowed. At that point I owed them $156. They agreed and gave me an address to send a money order. I know others that have over paid got a refund from them. How much did you borrow and how much have you paid back? __________________
To infinity, and beyond
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#7
04-07-2009, 11:46 AM
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Well it doesnt hurt to try an get your loan restructured with them. Remember if you are paying Cash Call $215 monthly. Only $15 of that payment is going towards the principal.
I have seen in cases where a customer was able to get their APR reduced and their monthly payment reduced as well. It is rare with Cash Call, but it is possible. I would call and see if you can do anything to lower your payments. Magnum is not licensed in Ohio. You need to stop all ACH transactions with them ASAP! I would suggest closing your account. How much did you borrow and how much have you paid so far? __________________
"We are what we repeatedly do. Excellence, then, is not an act, but a habit." -Aristotle-
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#8
04-07-2009, 11:54 AM
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You need to send Magnum this letter if you have overpaid them.
[img]/forums/attachments//bsm1_309.jpg[/img] [img]/forums/attachments//bsm2_167.jpg[/img] __________________
"We are what we repeatedly do. Excellence, then, is not an act, but a habit." -Aristotle-
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#9
04-07-2009, 12:03 PM
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I borrowed 550.00, currently still owe 333.75. But they debit 216.25 every other week for their payment. What should I do in this case?
And as far as the Cashcall account, I will try and call them to see if they will lower the payment or the interest. I am just ready to get rid of all of this altogether!!
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#10
04-07-2009, 12:08 PM
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I am confused. You borrowed 550.00 from cash call. How many payments did you make?.
I tried to restructure my loan with them, I missed one payment and they sent it to a lawyer. Lucky , I was able to catch up on the payment aI missed, and no legal action was taken. They reused to lower my interest or payments , and called 1 day prior to my paydate to be sure I was paying. It was a nightmare. There is a class action suit on them and I think it has been mentioned several times on this site. I have been on these boards for several years( I chose not to use my name) and I have not seen anyone having luck with them.
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#13
04-07-2009, 12:19 PM
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Ok to clarify what is the total amount of payments you made to Magnum so far? You only owe them $550. They are not licensed in Ohio.
__________________
"We are what we repeatedly do. Excellence, then, is not an act, but a habit." -Aristotle-
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#16
04-07-2009, 12:36 PM
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We keep posting same information :lol:
__________________
"We are what we repeatedly do. Excellence, then, is not an act, but a habit." -Aristotle-
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