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Posted: Tue Jun 05, 2007 4:28 am Subject: Cashcall

Unfortunately, I was approved for a loan with Cashcall. I am barely hanging on as far as the payments,I needed money quickly. I only wanted to borrow $1500 and they deposited $2600 into my account and said that was the base amount. my account is debited 216.00 a month. I began payments in Jan 2007, call the other day for payoff and they said $2699.00. I have been trying to consolidate is with 2 other loans and no one will approve it. What can I do, it is automatically coming out of my account?

Posted: Tue Jun 05, 2007 4:54 am Subject:

Hi there -

The problem with Cash Call is they are backed by a bank - so they are completely legal. Their interest rates are akin to highway robbery, but they are legal.

It would have been good if you could have immediately paid back the amount you didn't need - that would have helped you out some, but that's what Cash Call counts on - that you'll keep all the money, even if you don't need it, and then you're stuck with the payments. And at their interest rates, those payments can go on for a long time.

You might want to check into debt consolidation - did you sign up for the free counseling session when you registered here? If so, a consultant will be calling you soon to discuss your options for consolidation or settlement.

Keep working to improve your credit as much as possible - pull a copy of your credit reports from annualcreditreport.com. You're entitled to a free report from all three bureaus once per year, or when you've been denied credit. See what your true credit picture is, and if you can, work to improve it so that you might qualify for a consolidation loan down the road, if that's what you want to do.

Posted: Tue Jun 05, 2007 12:53 pm Subject:

See if your bank is willing to close the account or put a stop payment on CashCall. This way, you will not have your money withdrawn from your account. Once you have done this, you may call the company and work out arrangements on your terms.

Posted: Tue Jun 05, 2007 2:13 pm Subject:

They do not like to work with debt consolidation companies either....I have read numerous threads about them and they are just God awful!

tweety1705 · Posted: Tue Jun 05, 2007 4:17 pm Subject: Cashcall

I do plan on repaying the loan, I just can't afford the electronic debit from my account right now and i have other bills that that are falling behind to pay it. I can see if i can stop the debit from my account so that I won't have to close it. I am a single mom and the only income coming in, I just want to see if there was anything that i could do before i got behind on everything else. Also, I would like to thank everyone for their input to help me out.

Posted: Tue Jun 05, 2007 4:48 pm Subject:

I recall one poster on this forum stating that they got a cash call loan, and ended up being able to refinance the loan with cash call for a lower (though still high) interest rate.

Posted: Tue Jun 05, 2007 9:19 pm Subject:

Wow, that is a scam to be suckered into twice as much as you need. Normally it is the other way around and you are praying to get enough to cover everything.
Good to know not to go with them.
Are you able to pay off more than the monthly minimum?

Posted: Wed Jun 06, 2007 5:19 am Subject:

I saw a commercial yesterday for Cashcall with Gary Coleman in it. He said when he needed cash, he called Cash Call. I'm glad I didn't know about them when I was in my pdl mess. I saw the interest charges on the fine print and all I could say was WOW!! It would be nice if you could refinance at a lower interest rate.

tweety1705 · Posted: Wed Jun 06, 2007 3:50 pm Subject: Cashcall

I am only able to make the minium payments. I spoke with the bank today and i will have to pay to put a stop payment on the electronic withdrawl. Which is no problem, but that does not mean that they would try to withdraw a different amount that would go through, after the first one is stopped.I read over the agreement and it stated that if I want to cancel the electronic withdrawl i can in writing within 3 days of due date. I have typed up the letter, but i'm afraid that if i send it too early they would run it anyway. Also, I have direct deposit and i cannot close my account until my paycheck goes in. So, I am going to try to do that and call them after everything is done and talk to them.

virginia · Posted: Thu Jun 21, 2007 10:22 pm Subject: cash call is screwing everyone

My husband and I ended up having to get a loan from cash call a year ago. We've been paying the monthly $216 payments on time and if they have called us we don't know cause we screen our calls. At such an exsorbinant interest rate it's going to take us forever to pay it off. And becasue they are backed by a bank there is nothing that can be done short of a class action law suit.

walt2 · Posted: Tue Sep 25, 2007 10:49 pm Subject:

Im in the same boat as you all, i made the mistake a year and half almost two years ago. I contacted cash call today and found out if i want to pay it off i would have to pay 2500 from a 2600 loan i took. Ive heard the financial institution cash call uses , they will not disclose the name, if they are backed by a bank wounder why they wont say who.

angie guest · Posted: Tue Oct 16, 2007 9:23 pm Subject: cash call HELP!!!!!

i got a loan from cash call, i made two payments ,my car broke down and i have to take care of that first.
cash call has been harassing me at work ,they have been calling a couple of times a day. i talked to them today and told them to stop , i also told them about the trouble i was having with my car,they said that they didnt care that the bill for them was more important . i told them i could pay 100.00 he told me to just keep it that he wanted 255.00 or he was going after my paychecks. he also recorded are talk but did not tell me till the end of our talk. i live in oregon . can anyone help

Posted: Wed Oct 17, 2007 5:49 am Subject:

Please do what I have been doing with Cash Call, file complaint after complaint with whatever agency you can think of. I have even looked at my loan papers on line and found the bank name on the loan papers and filed a complaint with them also. I file after every call that they make with the Attorney General in CA and in my home state. Also the banking commissioner in both states. I agree that I was stupid enough to take this loan but they have to be held accountable for their actions. This is out of hand, with the way they treat people. My goal of the day today is to contact the owner of the company and start on him through his secretary.

hele3121 · Posted: Fri Oct 26, 2007 3:54 pm Subject:

I also was dumb enough to get a loan with Cash Call. I recently having been going through major financial difficulties. I just received a message from one of the collectors and she stated in the message they sent out a 48 hour demand. Does anyone know what I can do now. I honestly don't even have the minimum payment this month.

mike11 · Posted: Mon Oct 29, 2007 1:57 pm Subject: cash call

same story, i cuss them out every time they call.
mrs mcgown calls me, they wont let me se the loan deal.

edsel · Posted: Tue Jan 29, 2008 6:40 pm Subject: cash call robbery

They're robbing innocent and poor people who are helpless when you get a loan from them.They charge by the day in interest and you would think it was annually. I pay $241.00 per month for my loan and I was told that only $1.00 goes to my principal. That's $8.00 per day...Don't you call that robbery? We can't do anything because they are legal loan sharks out there to victimize poor innocent people.I do hope the law changes and put a stop to this cashcall thing victimizing people.

Their testimonials I believe are just made up because you cannot make a testimony in their website.For sure, they will get 101% negative feedbacks for their actions...

I cannot imagine how the people working with them could stomach the way their company works to fool people.They do not have any conscience. Their souls are already burning here on earth while alive.God have mercy on them...

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