Cash Call
Date: Sun, 10/15/2006 - 07:40
Anthony, I had heard that before so it is actually good to have
Anthony, I had heard that before so it is actually good to have confirmation of that. I always consider some payment better than no payment if you can't make the whole thing, my problem is I'm just behind but making more than my monthly in hopes of catching up. Someday I will get there
They can't just decide, out of the blue, to seek judgment, if th
They can't just decide, out of the blue, to seek judgment, if they are accepting even a dollar on a debt. They must inform you to send no more money while a judgement is being sought.
Are you sure? I would think that if they are not getting what t
Are you sure? I would think that if they are not getting what the contract states, they could sue. Just because they would still accept less doesn't mean that they are agreeing to your plan.
But maybe that is right, because I've heard that Cash Call will not accept less then the minimum payment.
If you are in a non garnishment state what happens when a credit
If you are in a non garnishment state what happens when a creditor gets a judgement against you is that they get a court order to seize your bank account, or any assets allowed by law. Personally, I would rather have a garnishment, because there are laws on the amounts they can take. A creditor gets a order to seize your bank account and the account is frozen.
And yes, Cash Call does sue. I know people that have been sued by them before. They usually will wait a while after you stop paying so that the amount owed ballons up. The judge doesn't care about the interest rate. It is legal. You signed it. The judge doesn't have much sympathy. In my county, the judge only cares about if you legally owe the debt or not. That is it. If you legally owe, a judgement is entered against you.
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So, if you reside in a non-garnishment state and someone takes a judgement out on you, you have no option but to let them seize your bank account and assets because they can't garnish your wages? Is that what it basically means? Because, if so, that's scary. I would rather have a garnishment.
Goudah, so if I'm understanding you, what you are saying is that
Goudah, so if I'm understanding you, what you are saying is that they will sue you but not if you are continuing to make your payments when you stop they go for it and will win a judgement against you. As in my case I am making the monthly just am behind a month and a half at this point, so they will just keep hounding until I stop altogether(not an option for me, I like my paycheck and my bank account!)
I can't say for sure, but I do know that the people I know that
I can't say for sure, but I do know that the people I know that have been sued all hadn't made a payment in months. I would think it wouldn't be worth their time and money to sue someone that is still making payments. But legally speaking I think they could if you weren't paying per the contract.
Yes, if you reside in a non garnishment state and a judgement is entered against you, the creditor can file a motion with the court to sieze your bank account(s). You have no warning of this, obviously, because if you knew it was going to happen you would take all your money out!
Interesting stuff! Thanks for the excellent input like always. P
Interesting stuff! Thanks for the excellent input like always. Pauli'sGirl
Hey you'll all get a kick out of this, recently when I was conta
Hey you'll all get a kick out of this, recently when I was contacted on my late payment to CashCall, the collector suggested I take a PDL to make the payment to them! I laughed at that suggestion and told him it wasn't an option :lol:
NO I am definately not kidding, I couldn't believe it, what a jo
NO I am definately not kidding, I couldn't believe it, what a joke. Oh well least I'm smart enough to not follow that path again!
That is why I thought to mention it just in case someone who has
That is why I thought to mention it just in case someone who hasn't fallen in the pdl trap but has fallen into cashcall hands sees this they may think twice!
They are now only lending to California residents. So they aren
They are now only lending to California residents. So they aren't totally down, but this is still great news!!!
Well well well, that is good news hopefully they won't be back u
Well well well, that is good news hopefully they won't be back up and running in any state. Confirmation also that they are not backed by a bank, at least in CA but by "investors" like I stated earlier in the thread!
I think Gary Coleman was quoted as saying; "Whatchoo talking 'bo
I think Gary Coleman was quoted as saying; "Whatchoo talking 'bout, Cashcall?"
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I have a retarded question. What does this mean for all the poor people that have a Cash Call loan? Whether it's backed by Cash Call themselves or by First Bank of Delaware. Does this mean anything at all? I know it's a "good thing", but explain to the crazy girl who has a "confusion problem"! :shock:
first I don't think you are crazy, or are you? I'm not really s
first I don't think you are crazy, or are you? I'm not really sure what the difference is, but I think it is good that they are "temporarily shut down" cause that means that a few desparate souls will be saved. and maybe the investors won't come back saving even more souls. My loan with them is backed by investors because they have told me that while trying to wrangle me into PDL to pay them. YEAH RIGHT!
I've had a couple of those today too, hope it's not me making yo
I've had a couple of those today too, hope it's not me making you think WHAAT?!?!? I am pretty much no longer dealing with pdls but cashcall is another story, they are relentless, calling calling and calling, even if you talk to them, they call again later in the day..and I'm thinking oh yeah I miracuosly pulled the money out of my butt in the last 4 hours. Maybe the meanies that were calling me got laid off cause come to think of it my phone calls have calmmed way down in the last week or so.
Wow, this is awesome news, hopefully they will shut down complet
Wow, this is awesome news, hopefully they will shut down completely. This one should be interesting to follow. Goodluck all cashcall victims and keep your fingers crossed that they go out of business completely. Wish Delaware bank would quit funding them, now there are some crooks, seems like they have their hands in all these high lender purses don't they? Wish the feds would knock on their door. They fund for cash call and for checkngo and who knows who else.
Quote:cashcall is another story, they are relentless, calling ca
Quote:
cashcall is another story, they are relentless, calling calling and calling, even if you talk to them, they call again later in the day..and I'm thinking oh yeah I miracuosly pulled the money out of my butt in the last 4 hours. Maybe the meanies that were calling me got laid off cause come to think of it my phone calls have calmmed way down in the last week or so. |
Some states have laws on the books that define this as harassment, and there may be statutory damages, too... When in doubt, check with a local atty or your state's AG.
oh god, morning star, that would add to their headaches, lawsuit
oh god, morning star, that would add to their headaches, lawsuits for harrassment, another stake in the vampires heart, good point, hopefully some of the forum members that are being brutally harrassed by them will look into this, good point.
Some companies beg to be sued. Harassment, threats, and over cha
Some companies beg to be sued. Harassment, threats, and over charging.
It takes a consumer to make this move though, sounds as if we ha
It takes a consumer to make this move though, sounds as if we have a few on this forum that could file a suit for violation of fdca.
CC
Let me give some advice, from PERSONAL experience. DO NOT pay Cash Call ANYMORE money!!!!!! They are 'going under', and need all the money they can get!!! I got a loan, from CC, last year. March, of this year, I had to stop making payments..just couldn't afford it. They 'sold' my defaulted account, to a CA, who is WONDEFUL to deal with. The CA told me that CC has 'sold' about 80% of their defaulted loans. Instead of the 99% rate, I was paying at CC, I am NOW paying LESS than 3%, on the loan, through this CA. I ALSO heard, on the news AND read on the WEB, tthat CC NO LONGER has " bank backing". THAT'S why they are 'going under'. If 'you' ( speaking generally) NO LONGER MAKE PAYMENTS, Cc will 'sell' your loan to a CA. The amount you will pay back will determine on the % rate, of the ORIGINAL amount you barrowed, in the state where you live. That's my advice to everyone!!!!!!!!!!!!!!!! Cc will try and 'scare' you, with their tactics, etc. DON'T FALL FOR IT!!!!
Ok, Where did you read that they no longer have bank banking? If
Ok, Where did you read that they no longer have bank banking? If this is confirmed, wouldn't this mean that they are then not legal? And wouldn't that be great!!!!!
If they are not being financially backed, than they could not st
If they are not being financially backed, than they could not stay afloat on their own.
I am pretty sure they are financially backed by first bank of de
I am pretty sure they are financially backed by first bank of delaware, aren't they?
Unless they had another source to fund their loans?
Unless they had another source to fund their loans?
First Bank of Deleware was only backing funding in certain state
First Bank of Deleware was only backing funding in certain states and Cash Call was backing the others. I was originally backed by FBD and was sent a letter about a month or so ago saying Cash Call took over my loan from them and I would be making payments to cash call. I wonder if that is part of what SDChargers is refering to and if that is part of them trying to save themselves. Regardless..they are still taking payments..of course.
Oh, now I see, how are they going to stay a float then if FBD ba
Oh, now I see, how are they going to stay a float then if FBD backs out on them. That's interesting to know, will have to follow this one. Is there somewhere to find their company profile? Does the irs or some reporting agency have something we could look at?
So, I live in PA, and to my knowledge my cashcall loan is backed
So, I live in PA, and to my knowledge my cashcall loan is backed by First Bank of Delaware.. What does all this mean to me? That mine has not been sold? will it? How will I know?
Roberta, Cash Call sent me an e-mail stating that they were assu
Roberta, Cash Call sent me an e-mail stating that they were assuming my loan. If you have not received this then at this time I would think you are still under First Bank of Deleware. I would think they would send you notice like they sent me. If this is a big concern, you may want to try contacting them to ask and be sure. Roxy
So, I live in PA, and to my knowledge my cashcall loan is backed
So, I live in PA, and to my knowledge my cashcall loan is backed by First Bank of Delaware.. What does all this mean to me? That mine has not been sold? will it? How will I know?
I would think it would remain the same unless we get contacted.
I would think it would remain the same unless we get contacted. I am in Pa also, I am going to start dropping big payments on the principle to get rid of it here in about a month or so. I can't have this hanging around for eight years.
I would think it would remain the same unless we get contacted.
I would think it would remain the same unless we get contacted. I am in Pa also, I am going to start dropping big payments on the principle to get rid of it here in about a month or so. I can't have this hanging around for eight years.