Cash Call Lawsuit: Suit to stop illegal lending practices by Cash Call

I would do a cease and desist letter immediately and fax it to them tomorrow. You can get their fax number on their website. Also mail them a copy. This is one way to stop the calls and it worked for me.

I had a loan with cash call. i fell behind one month and the guy that i talk to Eric was so awful. I got the call on my cell at work one day. He called me a lier, looser, dead beat, and much more I was crying to much I could not go back on the floor to work. He said I could not even make an arrangment they wanted all their money by monday am. Well my husband didn't know about this loan and I was so scard he would find out, I needed to do something. I was able to borrow the money from a friend to pay the loan in full on Tuesday am. It felt so good to pay that thing off, I called cc when I got home and told them I had paid it off. I said to the guy you really need to thank Eric for me because of him I ended up saving mysel about 6 thousand dollars in intrest. I said I can't believe that his boss would be to happy with that, because really in the end Eric cost his company 6 thousand. That day I called to tell them it was paid that guy said if we can ever help you again please call. I said believe me you won't hear from me again or anyone I know that may want to use you. I hate them, and I hope Eric lost his job.

Good for you Lizzie! I wish I could get cashcall out of my life.

hey everyone, just wanted to see if anything has changed with the investigation of these darn people??

i am stuck with them! but i refuse to send any more payments

Be careful - Not paying them is not a good thing. They are a legal company, and they can take steps to collect. Just because they are scum of the earth is not a good enough reason in court to not keep the terms of the contract.

Very sound advice there!

What happened to the concept of paying back the money you borrowed. I'm sure Cashcall is not in the business of giving away money for free. They offer a unique service to people such as yourselves that have a hard time managing money. People who need a quick cash fix and are willing to sign without reading the contract just to get their hands on some "much needed" cash. After the cash is spent then you all start paying attention to the high interest rate and start the excuse of I can't afford to pay them back the money I borrowed. Or even thinking that just because the interest rate is too high in your opinion it's okay not to repay the loan. My advice is don't borrow the money at this rate to begin with. Last I checked, the repayment plan and interest rate is disclosed on the truth and lending disclosure prior to you signing the contract. Whose really at fault here you guys, Cashcall or US??? Let's take accountability for our poor budgeting skills and stop trying to sue Cashcall for our mistakes.

Maybe this is too much of a common sense, Barak Obama, intelligent and mature concept for any of us Cashcall loan holders to comprehend. But all I'm asking is to atleast try and give this different perspective a chance!

Sincerely,
Mr. Good Sense

Mr Good Sense - Are you reading the whole thread? I always advocate paying it off. It is a legal loan, and it is collectible. I've never once told anyone not to pay their loan back, or suggested that they try to get out of their obligations.

And Mr. Good Sense, if you looked further into what Obama is calling for--he's calling for a cap of 36 percent on interest rates for loans. And as we know, Cashcall charges waaaayyy more than that.
So in my mind, a Barack Obama solution would be to have these people charge a reasonable interest rate. I don't think Obama is supporting gouging like this.

, ....AND if you have REALLY good sense, Mr. Good Sense, you would know that Obamas last name is spelled Barack as kscornell has spelled it above.

good for you volleyballmom, i was going to say sounds like mr. good sense is an employee of cash call. i guess we can't budget like mr. good sense does. if he is so much better then all of use, what is he doing on this site.

Mr. Good sense said "any of "US" cash call loan holders"
does that mean you are a cash call victim also? I do believe that everyone has been very clear on cash call. It even has its own sticky at the top of the page. Mr.Good sense if you are also a victim I am sorry. If not then you cannot comprehend that there are people in the world that dont have a silver spoon in their mouths. There are people that struggle day to day to put food on their table or a roof over their heads. They dont "ignore" the high interest they simply need to survive and yes, it pisses us off that we have to pay outragous interest to survive and yes this is a safe place to vent that frustration but nobody has ever said dont pay your cash call loan. Why dont you join the Obama campaign and stay off our boards??? Just a thought.

I apologize to all that felt my orignal comments were attacks. I am not an employee of Cashcall nor am I a victim just a individual that found this forum interesting. I did misspell Barack and for that I also apologize if that's caused my views to be misrepresented. I totally agree that the 96% interest rates I understand many to be paying is very high, however I believe that we as Americans can choose not to borrow money from these type of companies and seek our financial needs elsewhere. The problem with this alternative is that many of these other companies want to much in return such as collateral, good credit, good income, and pretty much to be in a condition that doesn't warrant needing a loan. I feel that Cashcall has decided to be that company that many people with questionable past credit history can turn to for a quick loan with very little red tape involved. I believe the 96% interest rate basically translates into being a convenience charde more than anything else. Nevertheless Cashcall has assumed the risk to loan out money to people that other companies would not in hopes that the monies would be paid back as agreed. When Cashcall customers reach a point where they are no longer in a position to pay back this loan, unfortunately their reputation preceeds them, so I'm sure Cashcall views the non payment as pattern based on their customers past credit woes.

What becomes the question is what is the right way to collect the money that was loaned out. I feel that customers who avoid talking to Cashcall only frustrates a company who has really taken the loss if the loan hasn't been repaid. Bottomline Cashcall should not go pass the point of harrassment and based on the comments from this message board, it appears that Cashcall has reached that point. My advice would be for you all to talk with Cashcall and ask to speak to someone in authority so that they can put forth the best possible solution as opposed to dealing with the front line employees who often don't have any real stake in the company they're working for. Most likely the people that are harrassing everyone are a few bad apples who are employeed on the front line making a very modest salary. I believe if you talk with someone in management you might find you can get your problems resolved without having to worry about a lawsuit being filed against you for non payment. Cashcall would not assume the risk of loaning money to anybody if they did not have a very "real" legal process that they will pursue. Don't get so frustrated with Cashcall to the point of ignoring the debt and later finding out that 25% of your wages are being garnished after a judgement is obtained against you.

Once again I agree that the interest is too high and that the collection practices in some cases are too harsh, but I feel we as consumers don't have to fight a losing battle, or even attempt to bait Cashcall into bad collection practices in order to get out of repaying the money that was actually given to us. Let's have some pride in ourselves as Americans and take accountability for our FICO score and bad decisions we've made that caused us to get into the financial pinch we were in before we made that Cash - call.

Thank you all for being open minded and understanding to my views and opinions. I just might join the Obama campaign as suggested by "stargzr" however I simply mentioned Obama in my last posting due to the political race that we are currently in and because I believe in his philosophy and efforts to bring everyone together sincerely. I don't want to argue or attack anyone on this forum, I simply want us to get it right. It's not your fault and it's not all Cashcall's fault. Both you and them need to sit down and COMMUNICATE and get resolution that both sides can benefit and agree on.

Thank you all for you responses.

Seems to me that one of our forum members was told by cashcall that there were bad apples in the bunch. If you are a cashcall employee than stand up and admit it. If you have something to say as an employee then say it without insulting the people of this forum. You also might want to read more of the posts on cashcall. There are many of them that say pay your cashcall bill. Unfortunately you cannot pay what you do not have and many people here struggle. They are not worried about their credit score, they are worried about feeding their kids. I am sorry but I dont buy that you are not an employee and it is a shame that you cannot just admit it and add your voice to our forum.

Stargzr sorry to dissapoint you but I don't work for Cashcall. However I will give you credit for picking up on the possibility. I did work for a large Finance company years ago in the collection dept. I wasn't a big wig, but close enough to know how a collections dept. works. Trust me Cashcall would not be in business if everyone that worked their was in agreeance with these outrageous collection practices that individuals on this forum has experienced.

Stargzr have you spoken with anyone at Cashcall that had atleast half a brain??? Once again my comments are being posted because after embarking on this site and reading "ALL" the comments, I simply had another perspective that I feel is a better solution. I understand that many people don't have much money but Cashcall is not in the business of giving away money for free. This should be the responsibility of our government to see to it that families have enough to eat. We can thank our great leader George Bush for making that a reality. Maybe if we weren't so egotistical as Americans we could have avoided the costly war we are currently in. This would mean more money for us Americans to survive and less money spent on military / human destruction.

All I'm saying is stop blaming companies that are in business to make a profit. I don't shop at Nordstroms because I would much rather spend $20 bucks for a pair of jeans at Mervyns than $200 at Nordstroms. No one is going to spend $200 for a pair of jeans at Nordstrom and then complain about once they find out they only have $100 left in their bank account to pair their rent. My point is don't shop at Nordstroms since obviously you can't afford it. Bottomline. I don't have to be an employee of Cashcall or Nordstroms to be able to have that much common and "good sense" to draw that conclusion.

Thank you for your response stargzr! I hope others read and become challenged mentally also.

I DO hope something is done, with Cash Call. Such craziness on their part!! High %, almost impossible to work with, etc. I'm slowly, but, surely getting Cash Call off of my Credit Report. I'm working with another CA to pay this loan off. Hope all of you, who are having trouble find 'a way out' of Cash Call loans.