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Debtconsolidationcare.com - the USA consumer forum

Cash Call is back up and running at full speed

Date: Wed, 09/12/2007 - 07:44

Submitted by jazzy4136
on Wed, 09/12/2007 - 07:44

Posts: 104 Credits: [Donate]

Total Replies: 20


Well I see that Cash Call is back up and running at full speed. They are loaning to all states now according to their web site. I had been checking to see what was going on. I have a Cash Call loan much to my regret and have kept it current but I included it with my debt consolidation with T&C anyway. I have never had to experience all of their collection calls but have read many posts from people who have. I just can't believe that this can be tolerated. Yes, I know we took the loans but usually when things were financially unstable and this looked like the answer. I just find it hard to believe that the state that you reside in would allow this kind of interest rate. It seems as if there should be a nationwide cap on the interest so that this kind of "loan sharking" would be illegal. I had hoped that they would go under and I realize that I would still be responsible for my debt, but I was thinking that a much lower interest rate might be involved. I took a $2600.00 loan and have made 10 payments all on time and I still owe over $2500.00. Dumbest mistake I ever made.


Bummer I just saw that on their website. I was hoping they go down and someone liberates me from this living hell of a loan! I have wanted to stop paying them but refuse to go through the added stress of them calling me and harrasing me. Jazzy4136 could you tell me or email me the name of the debt consolidation company you used. My sister tried consolidating and Cash Call refused to deal with her consolidation company. my email is email address removed as per forum rules - Mike


lrhall41

Submitted by on Wed, 09/12/2007 - 11:54

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I used Town and Country Acceptance. There is no way out of this loan unless you default. Cash Call will still get their full payment it was just easier for me to include it in the plan so all payments were coming from one place. I also checked with many debt consolidators and finally gave up.

That's why I am so upset that these idiots are back up and running at full capacity.


lrhall41

Submitted by on Wed, 09/12/2007 - 12:10

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I will pass on the information. Still skeptical in letting my loan default though. Like I said dont want the added aggravation of added stress from the collection tactics of Cash Call. Thanks for the information. I forgot to mention if you click on "apply now" at the Cash Call website it shows First Bank of Delaware on the next screen. It never did that before......


lrhall41

Submitted by oggiespice2 on Wed, 09/12/2007 - 13:07

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Hi............I've read SOOO much, on Cash Call. Most of you know I've dealt with them, too. Let me tell ya what happened, when I couldn't make payments. They called and called!! Calling me SOOO many times, wasn't going to make me pay them any sooner..ya know?? So.....they handed the account over for , what they call, 'letigation'. Well........this is nothing but a 'CA' ( lack of a better word), working out of THEIR company. If you don't make payments for 3 or 4 months, they consider the loan to be in 'default'. Now...here's the interesting news, ya'll!!!!!! Cash Call is only allowed so many defaulted loans, 'attached' to their company. I found this information out, accidently. 8) SOO..........if they have TOO many defaulted loans, Cash Call 'sells' these loans, to CA's ( WHO ARE NOT 'related to' OR working for Cash Call..howevr, CC may tell u they are. I've been doing my homework on this Cash Call thing!! To make a long story even longer ( LOL )....the ONLY way, you can go into 'default', with Cash Call loans, is to stop making payments. I know it messes up Credit Reports, by doing this, BUT, you're not paying the 99% either. Just some 'friendly advice', from someone who is going through the 'CashCall' hell!!!


lrhall41

Submitted by sdchargers_63 on Wed, 09/12/2007 - 17:30

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I hear ya RoxyNY. I am paying them also but would like to get them out of my hair. I just dont want to be harrassed all day every day 24/7 and risk damaging what little credit I have left.


lrhall41

Submitted by on Thu, 09/13/2007 - 06:16

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Nope...you're right..CashCall doesn't 'play fair'. They are horrible to work worth. I, for one, am glad I don't have to deal with them. I hope some of my advice has helped some people deal with their accounts, through Cash Call.


lrhall41

Submitted by sdchargers_63 on Thu, 09/13/2007 - 18:39

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Is Town and Country Acceptance pretty good to deal with unsecured debt? Can someone please tell me their experience, with them? Thank.


lrhall41

Submitted by sdchargers_63 on Thu, 09/13/2007 - 18:42

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sd- Basically what is done is they charge off certain amounts of delinquent loan portfolio to CA's. You are spot on about the amount of delinquency that CC can or is willing to carry due to risk of losing investors. What happens is if their delinquency ratio is too high, investors that hold security in certain portions of the loan portfolio will pull out.


lrhall41

Submitted by volleyballmom on Sun, 09/16/2007 - 12:14

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My husband and I both got a loan from cashcall and are living to regret this awful mistake! The endless calls and harrassment is out of this world. Anyhow I know that most of you reading this and any thread about cashcall know about this already. My husband received an email telling him that he had 48 hours to reply before they garnish his wages... Can they do this without taking him to court? He hasn''t paid in a little under two months. What are the next steps?'


lrhall41

Submitted by on Wed, 09/26/2007 - 23:59

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Alley, I saw you posted a message on my home page (I am thinking it was you) I am going to respond here becuase I want the other members to add to this incase I have missed anything. I am current with them so I have not had some of the experiences others have had. My understanding (and please someone correct me if I am wrong) to garnish wages they do have to go through the courts and the laws differ from state to state. You may want to post your state and a member from that state could help answer your questions.


lrhall41

Submitted by RoxyNY on Thu, 09/27/2007 - 05:45

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I owe them 10,000. I've been paying them a year now. And it's about 9,000. They don't want to be part of Consolidation. I hate them. I hope they will go out of business.


lrhall41

Submitted by on Fri, 12/07/2007 - 13:30

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