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Posted: Sun Oct 15, 2006 7:40 am Subject: Cash Call

Good morning, Has anyone here had any dealings with Cash Call? A relative of mine has a loan with them. I've seen their ads on TV so I'm assuming they are legal in California but the finance charges seem as outrageous as a pdl. I've looked throgh the posts and can't seem to find much info on them. Can anyone help? I'm also still trying to find anything on Paragon Funding. I've sent the letter to them 2X but still nothing from them. It's my last pdl.

Posted: Sun Oct 15, 2006 9:07 am Subject:

Sam,here is some info on Paragon at http://www.debtconsolidationcare.com/forums/paragon-funding.html be sure and read all the posts,pretty interesting info on them.Have you sent 2 dv letters? I have done that,and also sent a follow up to my dv letters(not to Paragon,but another company)and haven't heard anything yet. Sometimes these places are not leggaly set to be collecting,that's why it's important to get them validated. Sometimes,they just re-sell it to another CA,or wait a while and contact you again.Good Luck,keep us posted...Karen

Posted: Tue Oct 17, 2006 3:53 pm Subject:

Cash Call is great for getting you money really quick...but they charge such high interest rates, it's scary! I took out a loan from them more than a year ago, and I've been paying them $199.02 a month since then and have only paid down about $50 in interest...you do the math! Of course, you can always pay additional money to them every month and pay less in interest, but I have unfortunately not been in the position to do so.

I had to default this month for a couple of reasons, and they've been pretty nice to deal with, but by and large, if you can avoid them, I would.

Hope that kinda answers your question.

Posted: Tue Oct 17, 2006 4:18 pm Subject:

They are probably nice because they have taken you for what looks to be about $2,000. How much was the original loan for? That is just a little more than excessive to be paying back that kind of money. WOW!

Posted: Tue Oct 17, 2006 4:29 pm Subject:

Sam62

I would put an end to Cash Calls Cash Cow!

Posted: Tue Oct 17, 2006 4:33 pm Subject:

The principle amount was $2600. The APR on this thing is in the neighborhood of 90%! Ouch!!!

Posted: Tue Oct 17, 2006 4:49 pm Subject:

I'd like to help my friend put an end to them but I don't know if we can handle it the same way as the pdls. She wants to pay the principal, been paying a year and that is only the interest being paid. I just don't know what to do to help her. Any ideas?

Posted: Tue Oct 17, 2006 4:52 pm Subject:

I apologize, I can't get it in my head that this company isn't a pdl, I've never heard of these types of loans where I'm from, pdls are bad enough.

Posted: Tue Oct 17, 2006 6:34 pm Subject:

Cash Call offers a form of "alternate product" that many banks got into after the FDIC forced them out of the payday loan industry. The terms are longer and the amounts lent are higher than what most legal schemes recognize as a payday loan (or "deferred presentment" transaction for our friends from California).

Because a bank is involved in most (but not all) of Cash Call's loans, certain arguments that can be raised towards payday lenders are trumped by federal law. In addition, the larger amounts at stake mean the bank is less likely to charge the loan off without some effort at collecting it. I'm not suggesting they can't be dealt with - traditional debt settlement companies and law firms deal with them all say long. But the strategy needs to be adjusted accordingly.

Posted: Fri Oct 20, 2006 12:35 pm Subject:

Sam62, I too have been dealing with CashCall and it is ridiculous I know. Pm me for details on how I've recently dealt with them. Pauli's Girl

Posted: Tue Oct 31, 2006 2:12 pm Subject:

Ok all of you in Las Vegas, Cash Call is expanding there in November. Please do not fall victim to the high interest rate loans that they provide.

Posted: Tue Oct 31, 2006 9:11 pm Subject: cash call

They are advertising on TV here to. I called and informed AG today. There interest will not be allowed here. KYSIDE38

Posted: Wed Nov 01, 2006 8:51 am Subject:

I will tell you they would not deal with my consolidation company, until I went through their (I can't remember what they called it) deal, claiming my hardship and explaining all my finances to them. Then they reduced my interest rate and my payment to them, however the interest rate is still a KILLER! but it is a lot lower than there &#$(%^* original rate of what 97%...What an idiot I was for signing that contract, Top Ramen for a year would've been better. I too have paid back my principal and am personally glad I didn't qualify for more than the $2600.00