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

I too have had an absolute nightmare with cashcall to the point where I had to stop my bank from paying them. (The best Bank of America will do though is put a temp freeze on)
The harassment I went through with four or five calls a day was unbeleivable and, this was after I had agreed on the debit date.
They are un beleivable.
My name
Personal info removed for your protection - Goudah
I'll be THE BIGGEST supporter of a lawsuit against those people

Mr Good Sense. I finally do agree with you. The state of the economy sucks and bush is to blame for the war and the economy. Thank God he is only around for 10 months. Again though I need to point out, usually taking out these kinds of loans are not a "choice" they are taken out of desperation by people who are suffering and unable to survive any other way. I understand what you are saying but I have a huge amount of sympathy for those that have had to take desperate measures to provide for their families and then get horrible and frequent aggressive calls. For these people even the $20 jeans are not an options.

Stargzr. I'm beginning to understand what you're saying. I guess I really never understood just how bad some peoples financial situations have gotten. I too have a heart and wouldn't want to see anyone having to go through such turmoil.

I'll be holding my breath for 10 more months and praying that today "Super Tuesday" and in November we Americans make the right decision this time!

Thank you Stargzr for your honest and well received feedback. Good luck and take care.

I would like more information from Arthur.

sERIOUSLY EVERYONE WHO IS POSTING THESE THREADS IS LOOKING FOR REASONS TO GET OUT OF PAYING THERIR BILL, IT SEEMS LIKE CC WAS THERE FOR SOME OF THESE PEOPLE WHEN NO OTHER FINANCIAL INSTITUTION WOULD AND THEY NEEDED THE MONEY THAT BAD THAT PAYING 96% INTEREST MEANT NOTHING AND NOW THEY'RE UPSET BECAUSE THEY ARE PAST DUE AND CC EXPECTS THEM TO MAKE PAYMENT IN A TIMELY FASHION AS THEY AGREED TO IN THEIR CONTRACT AND PLEDGE STAMEMENT.

Hey N/A Guest-

If you want anyone to respect your opinion, the first step is to stop acting like a troll, stop posting anonymously, and stop POSTING IN ALL CAPS.

And another question......are you Gary Coleman?

Good one, AMARANTH!! It MAY BE Gary Coleman!! Ok, GUEST...tell me, please.have YOU ever been in a situation, where it was financailly tough for YOU? As people have been saying, on this forum,..it's NOT that they don't want to pay. People get into desperate situations, and do what they have to, 'at the time.' As for the comment that we should "talk to someone in authority/Supervisor,etc."....from personal experience, that 'tactic' doesn't work, either. Cash Call could care less whether or not you don't have a roof over your head or food on the table. I've dealt with them..I know. BUT...ALSO..if you look DEEPER into this forum, people aren't IGNORING their loans, with Cash Call, they are trying to get advice on how to HANDLE their loans.

sd. . .I personally have never dealt with Cashcall (I believe that won't or can't loan to New Yorkers) but I can tell you I have already paid back, what I borrowed, from 3 of my 5 and on one of the remaining I owe $30 and as soon as they provide me with a mailing address, they will be paid back as well. The final of the 5 has disappeared. I think that most, if not all of us on here, have made a good faith effort to repay what we borrowed. I don't think any of us are out to "stiff" the PDLer's, so to speak. We just need to eat while we are paying them back. Common sense does prevail on this board and so does common decency.

Yep...you made my point..EXACTLY!! We ARE trying to deal with our debts. As you put it, "we need to eat while we are paying them back." SOME CA's (etc) apparently don't understand this. They have to eat, too!! Thanks for the comment.

I have a CC loan that originated when I was a CA resident I have since moved to AZ. Unfortunetly my husband and I both have loans with them and are having a really rough time paying our monthly bills. In fact we haven't been able to pay them ON TIME in about a year. So not only have our loans- I'm sure - doubled but on top of that we've got late fees and money gram fees to pay each month! How does this affect our situation and what can I do? Has anyone ever NOT paid them? They've threatened to take my house and take me to court! HELP!

Hi,

I live in CA. Is there any way I can get added to the suit?

Thanks!

We have a loan and have been paying on it for a year now, we do not have a checking account so we have to Money Gram the payment in every month and an extra 7.50 to send it. our loan was for 2600.00 and at the rate of 96% and after one year of payments of 216.00 we still owe 2602.46

Cash Call is bad news I am so sorry for the folks who are caught up in their outrageous loan repayment plans. The best thing I have researched so far is to pay on time and try and communicate with them while in good standing with them. They have lowered interest rates for SOME customers, but not all. If you are behind, which is the case most of the time, you have little chance of negotiating and the abuse starts from there. The best thing is try and pay it off in lump sum if you can, borrow from family members or friends, the long term way of paying them back will cost you THOUSANDS in interest and fees that are LEGAL since they are backed by a bank

Amount Paid to Borrower Directly: $2,525.00

Prepaid Finance Charge/Origination Fee: $75.00

IF WE ALL GOT TOGETHER AND DID SOMETHING WE COULD MAKE IT STOP
I have been paying cash call for 1 year 1 month on a loan of 2,525.00 and will not be done paying it off until Oct 1, 2010 of a grand total of $9,163.37
ANNUAL PERCENTAGE RATE
The cost of my credit as a yearly rate
99.02 %
FINANCE CHARGE
The dollar amount the credit will cost me
$6,638.37
PAYMENT SCHEDULE
One payment of $285.88 on May 01, 2007.
40 monthly payments of $216.55 beginning on June 01, 2007.
One payment of $215.49 on October 01, 2010.

FOUND THIS ON THE WEB!!!
I am currently employed at CashCall right now as a collector. Although, They are not a collection agency...the collections department is approx. 500 strong and growing. This is the most illegal collection department that i have ever worked for. I have met people who have worked for Shekinah and NCO who now work at CashCall, and they say we are 10 times more illegal. Everyday it is hilarious hearing not just one but all collectors telling 3rd party's or whoever answers the line that they are from the sheriff's, attorney's, legal department, fraud department, court house, and investigation department. They threaten suit, garnishments, actually anything they can think of. The crazy part about it is that all the management knows and they are okay with it. The motto there is "Do what you have to get the money". so whether you are 30-60-90 days late ...you will get these threats guaranteed. I don't consider these guys good collectors they are just total thugs. As a collector myself i never thought i would say this, but i feel bad for the debtor..96% interest. is that even legal.. If you are a customer with CashCall and you are late as little as 30 days...record the phone call,,,you will have an instant lawsuit. "

the company fails to provide copies of contracts or other disclosures concerning the terms and conditions of the loan agreements. Many customers complain that they are being charged userous interest rates in violation of the State law in which they reside. Other complainants report harrassment in the form of extreme or hardcore collection practices which they claim are unnecessasarily used. Customers report the company makes repeated calls to friends and co-workers used as references causing them embarrassment, distress, and jeopordizing their employment. Other complainants allege company representatives treat them like criminals, use threats and rude remarks concerning their families, and threaten them with physical contact if payments are not received.

The company responds to complaints by disputing the complainants allegations, claiming they act in accordance with all state and federal regulations. In some cases, they do issue credits. Allegations of abusive collection tactics are generally not addressed. "

REPORT THEM TO THE ATTORNEY GENERAL AND TO THE FTC

Written by Jack, on 17-05-2008 03:57

I work for them. I know they are worried about lawsuits. Our company has allowed the reps and associates to harrass the *** out of you people. Now that there's changes being made because of the lawsuits all of the reps are being watched very closely. Im not trying to justify anything. Blame Louis Ochoa for letting this all go down. Our CUSTOMERS never should have treated this way. They deserve better. He did nothing while reps were harrassing customers and threatning the customers with lawsuits. Finally Paul Reddam steps in because he dosent want to pay anymore lawsuits from the customers. It's to late Reddam. Your employees hate working there because of people like Ochoa who they cant trust. You work them like slaves and treat them like dirt. And now you wonder why the customers feel harrased? Put that carrot out there that we work so hard for and now you act like you care about the customer? Never. He only cares about MONEY. On behalf of the GOOD employees who actually care about our customer, I appologize for what you have to go through. Record everything. Keep track of multiple calls. Always remember, there talk is cheap. They lie about everything.

I hope this isn't completely true

I live in NC and I have problems with Cash Call. I decided to turn them over to an attorney that does debt settlements.