Cash Call is back up and running at full speed

Hopefully the word will get out, whether from word of mouth, this site, or some way, to stay away from these people. Would have been nice to had seen them go out of business.

dang. I had really hoped to see them go down. Their "sugar daddy" must have stepped up to the plate, darn it. :evil:

I agree with Jazzy. There should be some kind of Federal legislation enacted to prevent this nationwide loan sharking.

Unfortunatly, that will never happen. These loans are backed by a bank and federal specifically allows them to do this. The Feds will never change their law allowing banks to import their interest rate to other states . . . . Too many deep pockets!

Yeah, I guess your right Goudah! Look at the interest rate credit cards can charge. I don't really see a difference!

I just keep praying that enough word will get out that people will stop taking loans from these people.

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

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.

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......

This is sad. I wanted them to go out of business, too. Now it seems even worse. I thought that at least some states weren't allowing them to lend.

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!!!

All I can say about this whole thing is it really stinks. I was really praying for them to go under. I am paying them becuase I can not afford not to. UHG!!!

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.

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.

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

Chargers,
Could I ask you how long it took before CashCall sold your loan to the other company? I'm just wondering how long it takes before you're out of hell....

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.

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?'

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.

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.