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This really must be the newest thing. I was watching a commercial for Cash Call that said get $1000-$5000 in your bank account by tommorrow. After the payday loan nightmare I am always looking at commercials offering fast cash with major skepticism. All you need is an active checking account of course. WHAT BULL ! The payment is $211.00 for 48 months. THAT'S over $10,000. Mad

I can't believe the way some of these companies try to suck people in.

Posted: Thu May 03, 2007 10:58 am Subject:

They've been around for a few years . . . . The bad thing is that they are backed by a bank.

Posted: Thu May 03, 2007 11:54 am Subject:

A friend of mine saw that commercial and had thought about applying for one of their loans until I told her to figure out how much she would actually be paying back and she could not believe how much it was. I told her it sounded enticing and the low payments, but with how much you would have to pay back, wasn't worth it.

Posted: Thu May 03, 2007 12:02 pm Subject:

And that's one thing I have learned from this forum. Had I taken the money that I was giving to the PDL's in fess and paid down some of my bills I wouldn't be struggling now. Well you live and you learn and I have learned a valuable lesson.

Posted: Thu May 03, 2007 12:04 pm Subject:

These loans are almost worse then pdl's . . . . Since they are backed by banks they are following the laws, and the interest is so high that you end up paying nothing towards principle for the first 5 years! It's ridiculous . . . . I notice that in my area they only advertise during daytime tv . . . .

Posted: Thu May 03, 2007 1:23 pm Subject: commercial

We have a PDL advertising here in Florida that charges interest higher than allowed in the state they are advertising in. How do they get away with it.

alphasigirl · Posted: Thu May 03, 2007 1:46 pm Subject:

I noticed that this company doesn't even provide loans to people in some states. I live in Wisconsin, and I couldn't get a loan from them.

Posted: Thu May 03, 2007 1:55 pm Subject:

Frogpatch - They may be doing some fancy legal maneuver to get around the laws - For instance in PA a pdl cannot be located in PA, but advance america got around this by offering "lines of credit" and charging an outrageous monthly "participation fee". They are currently being sued in PA for doing this. I would contact your state's AG office and let them know what this company is doing.

Posted: Thu May 03, 2007 2:43 pm Subject:

I am so glad I never saw this commercial! A few months ago when I was so desperate to get out of the pdl mess, I know I would have applied and accepted a loan from them, especially if I had never found this forum!!

Posted: Thu May 03, 2007 2:51 pm Subject:

Me too Sassnlucy. This forum has really been the only thing that empowered me enough to stop the madness of payday loans.

Posted: Thu May 03, 2007 3:00 pm Subject:

I just found this forum and I finally feel like i might have some hope to get out of the payday loan mess I've gotten myself into - thank you all!!

Posted: Thu May 03, 2007 3:05 pm Subject: loan

Cashcall is avoiding the states that are cracking down on payday loans. They advertise on TV here but will not loan to WV customers. I personally am thankful. I would hate to see anybody get mixed up with this one. They are more dangerous because the lend higher sums of money. You could just keep paying for years and years. SAD!!! KYSIDE38

Posted: Thu May 03, 2007 3:21 pm Subject:

It is sad, kyside. Desperate times call for desperate measures and I can see how easy it would be for someone to get tangled up with this outfit.

Miranda-welcome to the forums! There really is hope! Let us know if you need us!

Posted: Fri May 04, 2007 5:13 am Subject: rip off

I can't believe how many PDL companies are out there.
I keep getting these "your approved cash is waiting" emails at work and at home. They used to come by the dozens but now they have dwindled down to a few. They all show the great looking happy person holding cash in thier hand as if their problems were over.