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 Posted: Thu Jul 12, 2007 6:46 pm Subject: Trying to get a lower interest rate from CASH CALL
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Has anyone in the forum tried calling them to lower there interest rate. I have a loan from them, I dont want to defaul because the already took someone to court in my department last year for 2600.00. But
there rates are out of wack?
Any suggestions?
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lpacheco68
Joined: 08 Jul 2007
Posts: 23
Debtcc Points: 1045
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Posted: Fri Jul 13, 2007 5:12 am Subject:
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What state do you live in, how much was the loan amount for? How much have you paid so far?
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ramj70
Joined: 16 Jan 2007
Posts: 201
Debtcc Points: 982
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Posted: Fri Jul 13, 2007 6:46 am Subject:
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Cash Call is an installment loan, not a payday loan, and they charge outrageous interest. You can borrow like $1500 to $10,000, and you pay back like 3 times what you borrow if you only make the minimum payments. They are also backed by a couple banks - and they are 100% legal . . . .
I would give them a call and see - I know they are a very difficult company to work with, but you never know, they may lower the interest a bit. If they won't, you need to try to make more then the minimum payment each month. You want to get out from under this loan as quickly as possible. I know someone that borrowed $1500, their payments were $150/month, for 3 years = total payoff of $5,400! For a $1500 loan!
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goudah2424
Moderator
Joined: 31 Oct 2006
Posts: 8007
Debtcc Points: 111639
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Posted: Fri Jul 13, 2007 4:09 pm Subject:
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I'm in Florida
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lpacheco68
Joined: 08 Jul 2007
Posts: 23
Debtcc Points: 1045
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