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Cash Call

Date: Sun, 10/15/2006 - 07:40

Submitted by SAM62
on Sun, 10/15/2006 - 07:40

Posts: 51 Credits: [Donate]

Total Replies: 88


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.


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.


lrhall41

Submitted by goudah2424 on Tue, 08/28/2007 - 15:35

( Posts: 7935 | Credits: )


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.


lrhall41

Submitted by goudah2424 on Tue, 08/28/2007 - 15:39

( Posts: 7935 | Credits: )


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.


lrhall41

Submitted by cannr on Tue, 08/28/2007 - 18:39

( Posts: 9317 | Credits: )


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!)


lrhall41

Submitted by Pauli'sGirl on Wed, 08/29/2007 - 07:41

( Posts: 344 | Credits: )


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!


lrhall41

Submitted by goudah2424 on Wed, 08/29/2007 - 08:30

( Posts: 7935 | Credits: )


Oh, please tell me you are kidding! Why, oh why, do I continue to be amazed???? :shock:


lrhall41

Submitted by cannr on Thu, 08/30/2007 - 10:04

( Posts: 9317 | Credits: )


Thank God! How many people are they telling to do this? And how many poor people are actually doing it? Oh my God........


lrhall41

Submitted by cannr on Thu, 08/30/2007 - 10:10

( Posts: 9317 | Credits: )


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:


lrhall41

Submitted by cannr on Thu, 08/30/2007 - 12:57

( Posts: 9317 | Credits: )


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!


lrhall41

Submitted by Pauli'sGirl on Thu, 08/30/2007 - 13:15

( Posts: 344 | Credits: )


Thanks for the reply! I don't think I'm crazy, but some of this stuff people post makes me think "What????" LOL!


lrhall41

Submitted by cannr on Thu, 08/30/2007 - 13:18

( Posts: 9317 | Credits: )


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.


lrhall41

Submitted by Pauli'sGirl on Thu, 08/30/2007 - 13:38

( Posts: 344 | Credits: )


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.


lrhall41

Submitted by fedupinpa on Wed, 09/05/2007 - 03:48

( Posts: 1511 | Credits: )


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.


lrhall41

Submitted by Morningstar on Wed, 09/05/2007 - 03:56

( Posts: 1633 | Credits: )


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!!!!


lrhall41

Submitted by sdchargers_63 on Wed, 09/05/2007 - 21:59

( Posts: 1798 | Credits: )


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.


lrhall41

Submitted by RoxyNY on Sun, 09/09/2007 - 17:54

( Posts: 4178 | Credits: )


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


lrhall41

Submitted by RoxyNY on Mon, 09/10/2007 - 07:53

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