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 Posted: Tue Feb 19, 2008 6:08 am
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There are so many of us on this fourm that have fallen victim to Cash Call.....many have let their accounts go to collections and have done way better and some have ended up in court. Because of unfortunate circumstances, medical issues, I have not paid on my account since December.. I have been trying to figure out a way to pay them along with the hospital bills....
Today I received an e-mail from their loss mitigation department offering a change in terms. My interest rate lowered, thus my payment is lowered by about $90.00. And wow, I get to start over with a clean slate (their words) I have until Feb 28th. I will more than likely take the offer until I can just pay them off. The interest rate is cut in 1/2 so that will help. And now that I am back to work I hopefully can catch up.
It is amazing how they stick us for an obscene interest rate and then they want to do us a "favor" by lowering it to a slightly less obscene interest rate. And the sad part is, the sense of relief I felt not to be sent to collections and not to worry about court and garnishment. And I am "happy" ( can not find another adjective) to pay the slightly less obscene interest rate. This is one of those days I could kick myself repeatedly for thinking that taking this loan would help me out.
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
Moderator
Joined: 03 Aug 2007
Posts: 3908
Debtcc Points: 11781
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Posted: Tue Feb 19, 2008 7:01 am
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Dont kick yourself. I am sure you have done that numerous times already. Roxy, I dont think you have any other choice but to "let them do you a favor" andtake their very generous offer.It beats going to court.
I am so sorry you got involved with these slime balls, but now all you can do is work towards getting away from them.
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5466
Debtcc Points: 38903
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Posted: Tue Feb 19, 2008 7:07 am
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We all do things we have to do even if we dont want to do them, there is no sense in regretting it. Dont be down on yourself. Financially I am in ruins too and I been layed off so I have no income to pay anything! But thats just life sometimes
_________________
Passion...it is born...and though uninvited, unwelcome, unwwanted...like a cancer, it takes root. It festers. It bleeds. It scabs...Only to rupture and bleed anew. It grows...it thrives...until it consumes. It lives...and so it must die....in time.
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Leah
Debt Samaritan
Joined: 04 Mar 2007
Posts: 2334
Debtcc Points: 50548
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Posted: Tue Feb 19, 2008 7:09 am
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Leah, I am sorry to hear that you have been laid off. I think I may have seen it in your other post. Anything on the horizon job wise?
Hope something pops up soon for you.
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5466
Debtcc Points: 38903
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Posted: Tue Feb 19, 2008 7:32 am
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Leah, I am so sorry. I know things have been really difficult for you lately. Sometimes it seem like no matter what you do you can not catch a break. I hope things get better for you and quickly.
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
Moderator
Joined: 03 Aug 2007
Posts: 3908
Debtcc Points: 11781
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Posted: Tue Feb 19, 2008 10:01 am
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Has anyone seen anymore ads, for Cash Call? I haven't seen any, in a while. I just thank GOD my account, from Cash Call, was 'sold' to an CA. i don't know, if this would help, but....would anyone like the name of the CA? i don't know if you can 'move' accounts, or not, but, it's worth a try.
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sdchargers_63
Joined: 08 Aug 2007
Posts: 865
Debtcc Points: 9573
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Posted: Tue Feb 19, 2008 10:05 am
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I haven't seen that Gary Coleman ad in a long time but sure have seen the wonderful, business like atmosphere of the PDL's..with their slogan "only borrow what you need responsibly, blah, blah, blah,
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ladybug
Joined: 29 May 2007
Posts: 2337
Debtcc Points: 22601
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Posted: Tue Feb 19, 2008 12:15 pm
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I saw one last week that had a guy in a boat and at the end they had a statement to the effect that if you can not pay the money back do not borrow. 
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
Moderator
Joined: 03 Aug 2007
Posts: 3908
Debtcc Points: 11781
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Posted: Tue Feb 19, 2008 12:19 pm
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Roxy-From an amoritazation standpoint, are they "renewing" the term as well? Example, if you have already paid 100 months on a 180 month term, are they giving you a break on the interest and then starting it over again at 180 months?
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volleyballmom
Debt Samaritan
Joined: 27 Aug 2007
Posts: 4178
Debtcc Points: 24889
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Posted: Tue Feb 19, 2008 12:41 pm
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Yes sort of...check your pm's
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
Moderator
Joined: 03 Aug 2007
Posts: 3908
Debtcc Points: 11781
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Posted: Tue Feb 19, 2008 9:08 pm
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In my personal experience, if Cash Call gives you ANY 'wonderful opportunity' turn it down. It may SEEM great, but, in the end, it's really not. They gave me a 'great deal' at one time, too. As I did all of the calculating, I would have paid back MORE than %100 of what I originally barrowed. BE careful with their 'great deals.'
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sdchargers_63
Joined: 08 Aug 2007
Posts: 865
Debtcc Points: 9573
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