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David7 · Posted: Sat Apr 14, 2007 12:59 pm Subject: Cash call taking me to court

I'm going to court in a few weeks for a loan of $2,600.00 from cash call. I simply fell into a hole that I can't bounce from at their rates.Has anyone gone through this I'm not sure of what to expect except that they want their money.

Posted: Sat Apr 14, 2007 1:11 pm Subject:

I am sorry to hear about your finance trouble...I too am having money troubles of the worst kind! I am not sure what will happen in court, but I can advise you that you definately need to show up otherwise cashcall will get a defaul judgement...I suspect you should probably have a copy or other proof of all the payments you have made to this company, as well as a copy of the original loan agreement with you. I wish you the best of luck.....

Posted: Sat Apr 14, 2007 1:26 pm Subject:

I would try and contact them to see if you can possibly settle this out of court. Worth a shot. Do you know what you can afford to pay?

Posted: Sat Apr 14, 2007 1:31 pm Subject:

Try to work out a payment plan with Cash Call. They may withdraw the case from the court if they agree to some arrangement with you. You have to send some money in advance and assure that you have every intention to pay back.

Posted: Sat Apr 14, 2007 3:05 pm Subject:

hmmm So i did some research on this cashcall and I think that they are taking advantage of people...After looking at their loans...Did you all realize that on a $5000 loan plus the 75 fee with an IR of 59% and an apr of 59.95% with 84 payments at 254.03 you are paying over 20 grand for a 5 grand loan???

Posted: Sat Apr 14, 2007 3:49 pm Subject:

Yeah, it is a ridiculous amount that you pay back to them. People get desperate and they are real easy to get a loan through.

Posted: Sat Apr 14, 2007 4:49 pm Subject:

I was one of those desperate people. I got a loan for $2600 also. I paid the $75 down payment and have since paid over 3700 and the principle has gone down about $100. To pay it completely off, I would have to pay over $8,000. I am doing a debt settlement with one of the credit counseling agencies that contacted me when I signed up on this site. I put them down as one of the creditors. However, I have heard that they are very hard to work with and will fight a settlement. I know they are calling me every hour on the hour.

Posted: Sat Apr 14, 2007 5:25 pm Subject:

Yeah I really thought about using them because I am so very desperate for money and really had to just tell myself no way!

Posted: Sat Apr 14, 2007 5:34 pm Subject:

Good for you Leah. It will get better.....WITHOUT help from CashCall!!! That would just be continuing the cycle of robbing Peter to pay Paul?

Posted: Sat Apr 14, 2007 6:18 pm Subject:

Yeah I was just thinkg that I could get what I needed for the baby but then I will have this huge bill to pay every month for 7 years

Posted: Sun Apr 15, 2007 3:45 am Subject:

Can't you pay them off in a lump sum and reduce the intrest or make bigger payments to them to get rid of them quicker?

Posted: Sun Apr 15, 2007 7:22 am Subject:

How long have you had the loan with them and when did you default? How many payments did you make before you defaulted?

daisyflower · Posted: Mon Apr 16, 2007 10:44 am Subject:

I also have a loan through cash call. They threaten to take me to court after I had not paid them for 4moths. My payment was 216.55 month. Then I finally got a call from one very nice rep. She changed my payment to 127.12 a month and dropped my interest rate. It is still outrageous and some of their people are really rude.

Posted: Mon Apr 16, 2007 10:48 am Subject:

Oh really, how much did your intrest drop? Sounds like the road to take.

daisyflower · Posted: Mon Apr 16, 2007 10:55 am Subject:

It dropped to 47% still really high....but I think it was at almost 96% before.

Posted: Mon Apr 16, 2007 11:09 am Subject:

I wonder if someone was to call them and tell them that they are having financial hardship if they would lower the interest rate before you got behind? How did you approach them, what did you say to them? how long did you have the loan with them before this happened?

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