Cash Call Lawsuit: Suit to stop illegal lending practices by Cash Call

I had a loan with cash call. i fell behind one month and the guy that i talk to Eric was so awful. I got the call on my cell at work one day. He called me a lier, looser, dead beat, and much more I was crying to much I could not go back on the floor to work. He said I could not even make an arrangment they wanted all their money by monday am. Well my husband didn't know about this loan and I was so scard he would find out, I needed to do something. I was able to borrow the money from a friend to pay the loan in full on Tuesday am. It felt so good to pay that thing off, I called cc when I got home and told them I had paid it off. I said to the guy you really need to thank Eric for me because of him I ended up saving mysel about 6 thousand dollars in intrest. I said I can't believe that his boss would be to happy with that, because really in the end Eric cost his company 6 thousand. That day I called to tell them it was paid that guy said if we can ever help you again please call. I said believe me you won't hear from me again or anyone I know that may want to use you. I hate them, and I hope Eric lost his job.

Good for you Lizzie! I wish I could get cashcall out of my life.

hey everyone, just wanted to see if anything has changed with the investigation of these darn people??

i am stuck with them! but i refuse to send any more payments

Be careful - Not paying them is not a good thing. They are a legal company, and they can take steps to collect. Just because they are scum of the earth is not a good enough reason in court to not keep the terms of the contract.

Very sound advice there!

What happened to the concept of paying back the money you borrowed. I'm sure Cashcall is not in the business of giving away money for free. They offer a unique service to people such as yourselves that have a hard time managing money. People who need a quick cash fix and are willing to sign without reading the contract just to get their hands on some "much needed" cash. After the cash is spent then you all start paying attention to the high interest rate and start the excuse of I can't afford to pay them back the money I borrowed. Or even thinking that just because the interest rate is too high in your opinion it's okay not to repay the loan. My advice is don't borrow the money at this rate to begin with. Last I checked, the repayment plan and interest rate is disclosed on the truth and lending disclosure prior to you signing the contract. Whose really at fault here you guys, Cashcall or US??? Let's take accountability for our poor budgeting skills and stop trying to sue Cashcall for our mistakes.

Maybe this is too much of a common sense, Barak Obama, intelligent and mature concept for any of us Cashcall loan holders to comprehend. But all I'm asking is to atleast try and give this different perspective a chance!

Sincerely,
Mr. Good Sense

Mr Good Sense - Are you reading the whole thread? I always advocate paying it off. It is a legal loan, and it is collectible. I've never once told anyone not to pay their loan back, or suggested that they try to get out of their obligations.

And Mr. Good Sense, if you looked further into what Obama is calling for--he's calling for a cap of 36 percent on interest rates for loans. And as we know, Cashcall charges waaaayyy more than that.
So in my mind, a Barack Obama solution would be to have these people charge a reasonable interest rate. I don't think Obama is supporting gouging like this.

, Quote:

good for you volleyballmom, i was going to say sounds like mr. good sense is an employee of cash call. i guess we can't budget like mr. good sense does. if he is so much better then all of use, what is he doing on this site.

Mr. Good sense said "any of "US" cash call loan holders"
does that mean you are a cash call victim also? I do believe that everyone has been very clear on cash call. It even has its own sticky at the top of the page. Mr.Good sense if you are also a victim I am sorry. If not then you cannot comprehend that there are people in the world that dont have a silver spoon in their mouths. There are people that struggle day to day to put food on their table or a roof over their heads. They dont "ignore" the high interest they simply need to survive and yes, it pisses us off that we have to pay outragous interest to survive and yes this is a safe place to vent that frustration but nobody has ever said dont pay your cash call loan. Why dont you join the Obama campaign and stay off our boards??? Just a thought.

I apologize to all that felt my orignal comments were attacks. I am not an employee of Cashcall nor am I a victim just a individual that found this forum interesting. I did misspell Barack and for that I also apologize if that's caused my views to be misrepresented. I totally agree that the 96% interest rates I understand many to be paying is very high, however I believe that we as Americans can choose not to borrow money from these type of companies and seek our financial needs elsewhere. The problem with this alternative is that many of these other companies want to much in return such as collateral, good credit, good income, and pretty much to be in a condition that doesn't warrant needing a loan. I feel that Cashcall has decided to be that company that many people with questionable past credit history can turn to for a quick loan with very little red tape involved. I believe the 96% interest rate basically translates into being a convenience charde more than anything else. Nevertheless Cashcall has assumed the risk to loan out money to people that other companies would not in hopes that the monies would be paid back as agreed. When Cashcall customers reach a point where they are no longer in a position to pay back this loan, unfortunately their reputation preceeds them, so I'm sure Cashcall views the non payment as pattern based on their customers past credit woes.

What becomes the question is what is the right way to collect the money that was loaned out. I feel that customers who avoid talking to Cashcall only frustrates a company who has really taken the loss if the loan hasn't been repaid. Bottomline Cashcall should not go pass the point of harrassment and based on the comments from this message board, it appears that Cashcall has reached that point. My advice would be for you all to talk with Cashcall and ask to speak to someone in authority so that they can put forth the best possible solution as opposed to dealing with the front line employees who often don't have any real stake in the company they're working for. Most likely the people that are harrassing everyone are a few bad apples who are employeed on the front line making a very modest salary. I believe if you talk with someone in management you might find you can get your problems resolved without having to worry about a lawsuit being filed against you for non payment. Cashcall would not assume the risk of loaning money to anybody if they did not have a very "real" legal process that they will pursue. Don't get so frustrated with Cashcall to the point of ignoring the debt and later finding out that 25% of your wages are being garnished after a judgement is obtained against you.

Once again I agree that the interest is too high and that the collection practices in some cases are too harsh, but I feel we as consumers don't have to fight a losing battle, or even attempt to bait Cashcall into bad collection practices in order to get out of repaying the money that was actually given to us. Let's have some pride in ourselves as Americans and take accountability for our FICO score and bad decisions we've made that caused us to get into the financial pinch we were in before we made that Cash - call.

Thank you all for being open minded and understanding to my views and opinions. I just might join the Obama campaign as suggested by "stargzr" however I simply mentioned Obama in my last posting due to the political race that we are currently in and because I believe in his philosophy and efforts to bring everyone together sincerely. I don't want to argue or attack anyone on this forum, I simply want us to get it right. It's not your fault and it's not all Cashcall's fault. Both you and them need to sit down and COMMUNICATE and get resolution that both sides can benefit and agree on.

Thank you all for you responses.

Seems to me that one of our forum members was told by cashcall that there were bad apples in the bunch. If you are a cashcall employee than stand up and admit it. If you have something to say as an employee then say it without insulting the people of this forum. You also might want to read more of the posts on cashcall. There are many of them that say pay your cashcall bill. Unfortunately you cannot pay what you do not have and many people here struggle. They are not worried about their credit score, they are worried about feeding their kids. I am sorry but I dont buy that you are not an employee and it is a shame that you cannot just admit it and add your voice to our forum.

Stargzr sorry to dissapoint you but I don't work for Cashcall. However I will give you credit for picking up on the possibility. I did work for a large Finance company years ago in the collection dept. I wasn't a big wig, but close enough to know how a collections dept. works. Trust me Cashcall would not be in business if everyone that worked their was in agreeance with these outrageous collection practices that individuals on this forum has experienced.

Stargzr have you spoken with anyone at Cashcall that had atleast half a brain??? Once again my comments are being posted because after embarking on this site and reading "ALL" the comments, I simply had another perspective that I feel is a better solution. I understand that many people don't have much money but Cashcall is not in the business of giving away money for free. This should be the responsibility of our government to see to it that families have enough to eat. We can thank our great leader George Bush for making that a reality. Maybe if we weren't so egotistical as Americans we could have avoided the costly war we are currently in. This would mean more money for us Americans to survive and less money spent on military / human destruction.

All I'm saying is stop blaming companies that are in business to make a profit. I don't shop at Nordstroms because I would much rather spend $20 bucks for a pair of jeans at Mervyns than $200 at Nordstroms. No one is going to spend $200 for a pair of jeans at Nordstrom and then complain about once they find out they only have $100 left in their bank account to pair their rent. My point is don't shop at Nordstroms since obviously you can't afford it. Bottomline. I don't have to be an employee of Cashcall or Nordstroms to be able to have that much common and "good sense" to draw that conclusion.

Thank you for your response stargzr! I hope others read and become challenged mentally also.

I DO hope something is done, with Cash Call. Such craziness on their part!! High %, almost impossible to work with, etc. I'm slowly, but, surely getting Cash Call off of my Credit Report. I'm working with another CA to pay this loan off. Hope all of you, who are having trouble find 'a way out' of Cash Call loans.

I too have had an absolute nightmare with cashcall to the point where I had to stop my bank from paying them. (The best Bank of America will do though is put a temp freeze on)
The harassment I went through with four or five calls a day was unbeleivable and, this was after I had agreed on the debit date.
They are un beleivable.
My name
Personal info removed for your protection - Goudah
I'll be THE BIGGEST supporter of a lawsuit against those people

Mr Good Sense. I finally do agree with you. The state of the economy sucks and bush is to blame for the war and the economy. Thank God he is only around for 10 months. Again though I need to point out, usually taking out these kinds of loans are not a "choice" they are taken out of desperation by people who are suffering and unable to survive any other way. I understand what you are saying but I have a huge amount of sympathy for those that have had to take desperate measures to provide for their families and then get horrible and frequent aggressive calls. For these people even the $20 jeans are not an options.

Stargzr. I'm beginning to understand what you're saying. I guess I really never understood just how bad some peoples financial situations have gotten. I too have a heart and wouldn't want to see anyone having to go through such turmoil.

I'll be holding my breath for 10 more months and praying that today "Super Tuesday" and in November we Americans make the right decision this time!

Thank you Stargzr for your honest and well received feedback. Good luck and take care.

I would like more information from Arthur.

sERIOUSLY EVERYONE WHO IS POSTING THESE THREADS IS LOOKING FOR REASONS TO GET OUT OF PAYING THERIR BILL, IT SEEMS LIKE CC WAS THERE FOR SOME OF THESE PEOPLE WHEN NO OTHER FINANCIAL INSTITUTION WOULD AND THEY NEEDED THE MONEY THAT BAD THAT PAYING 96% INTEREST MEANT NOTHING AND NOW THEY'RE UPSET BECAUSE THEY ARE PAST DUE AND CC EXPECTS THEM TO MAKE PAYMENT IN A TIMELY FASHION AS THEY AGREED TO IN THEIR CONTRACT AND PLEDGE STAMEMENT.

Hey N/A Guest-

If you want anyone to respect your opinion, the first step is to stop acting like a troll, stop posting anonymously, and stop POSTING IN ALL CAPS.

And another question......are you Gary Coleman?

[font=Times New Roman][/font][color=Red][/color][size=3][/size]Good one, AMARANTH!! It MAY BE Gary Coleman!! Ok, GUEST...tell me, please.have YOU ever been in a situation, where it was financailly tough for YOU? As people have been saying, on this forum,..it's NOT that they don't want to pay. People get into desperate situations, and do what they have to, 'at the time.' As for the comment that we should "talk to someone in authority/Supervisor,etc."....from personal experience, that 'tactic' doesn't work, either. Cash Call could care less whether or not you don't have a roof over your head or food on the table. I've dealt with them..I know. BUT...ALSO..if you look DEEPER into this forum, people aren't IGNORING their loans, with Cash Call, they are trying to get advice on how to HANDLE their loans.

sd. . .I personally have never dealt with Cashcall (I believe that won't or can't loan to New Yorkers) but I can tell you I have already paid back, what I borrowed, from 3 of my 5 and on one of the remaining I owe $30 and as soon as they provide me with a mailing address, they will be paid back as well. The final of the 5 has disappeared. I think that most, if not all of us on here, have made a good faith effort to repay what we borrowed. I don't think any of us are out to "stiff" the PDLer's, so to speak. We just need to eat while we are paying them back. Common sense does prevail on this board and so does common decency.

Yep...you made my point..EXACTLY!! We ARE trying to deal with our debts. As you put it, "we need to eat while we are paying them back." SOME CA's (etc) apparently don't understand this. They have to eat, too!! Thanks for the comment.

I have a CC loan that originated when I was a CA resident I have since moved to AZ. Unfortunetly my husband and I both have loans with them and are having a really rough time paying our monthly bills. In fact we haven't been able to pay them ON TIME in about a year. So not only have our loans- I'm sure - doubled but on top of that we've got late fees and money gram fees to pay each month! How does this affect our situation and what can I do? Has anyone ever NOT paid them? They've threatened to take my house and take me to court! HELP!

Hi,

I live in CA. Is there any way I can get added to the suit?

Thanks!

We have a loan and have been paying on it for a year now, we do not have a checking account so we have to Money Gram the payment in every month and an extra 7.50 to send it. our loan was for 2600.00 and at the rate of 96% and after one year of payments of 216.00 we still owe 2602.46

Cash Call is bad news :( I am so sorry for the folks who are caught up in their outrageous loan repayment plans. The best thing I have researched so far is to pay on time and try and communicate with them while in good standing with them. They have lowered interest rates for SOME customers, but not all. If you are behind, which is the case most of the time, you have little chance of negotiating and the abuse starts from there. The best thing is try and pay it off in lump sum if you can, borrow from family members or friends, the long term way of paying them back will cost you THOUSANDS in interest and fees that are LEGAL since they are backed by a bank :?

Amount Paid to Borrower Directly: $2,525.00

Prepaid Finance Charge/Origination Fee: $75.00

IF WE ALL GOT TOGETHER AND DID SOMETHING WE COULD MAKE IT STOP
I have been paying cash call for 1 year 1 month on a loan of 2,525.00 and will not be done paying it off until Oct 1, 2010 of a grand total of $9,163.37
ANNUAL PERCENTAGE RATE
The cost of my credit as a yearly rate
99.02 %
FINANCE CHARGE
The dollar amount the credit will cost me
$6,638.37
PAYMENT SCHEDULE
One payment of $285.88 on May 01, 2007.
40 monthly payments of $216.55 beginning on June 01, 2007.
One payment of $215.49 on October 01, 2010. :(

FOUND THIS ON THE WEB!!!
I am currently employed at CashCall right now as a collector. Although, They are not a collection agency...the collections department is approx. 500 strong and growing. This is the most illegal collection department that i have ever worked for. I have met people who have worked for Shekinah and NCO who now work at CashCall, and they say we are 10 times more illegal. Everyday it is hilarious hearing not just one but all collectors telling 3rd party's or whoever answers the line that they are from the sheriff's, attorney's, legal department, fraud department, court house, and investigation department. They threaten suit, garnishments, actually anything they can think of. The crazy part about it is that all the management knows and they are okay with it. The motto there is "Do what you have to get the money". so whether you are 30-60-90 days late ...you will get these threats guaranteed. I don't consider these guys good collectors they are just total thugs. As a collector myself i never thought i would say this, but i feel bad for the debtor..96% interest. is that even legal.. If you are a customer with CashCall and you are late as little as 30 days...record the phone call,,,you will have an instant lawsuit. "

the company fails to provide copies of contracts or other disclosures concerning the terms and conditions of the loan agreements. Many customers complain that they are being charged userous interest rates in violation of the State law in which they reside. Other complainants report harrassment in the form of extreme or hardcore collection practices which they claim are unnecessasarily used. Customers report the company makes repeated calls to friends and co-workers used as references causing them embarrassment, distress, and jeopordizing their employment. Other complainants allege company representatives treat them like criminals, use threats and rude remarks concerning their families, and threaten them with physical contact if payments are not received.

The company responds to complaints by disputing the complainants allegations, claiming they act in accordance with all state and federal regulations. In some cases, they do issue credits. Allegations of abusive collection tactics are generally not addressed. "

REPORT THEM TO THE ATTORNEY GENERAL AND TO THE FTC

Written by Jack, on 17-05-2008 03:57

I work for them. I know they are worried about lawsuits. Our company has allowed the reps and associates to harrass the *** out of you people. Now that there's changes being made because of the lawsuits all of the reps are being watched very closely. Im not trying to justify anything. Blame Louis Ochoa for letting this all go down. Our CUSTOMERS never should have treated this way. They deserve better. He did nothing while reps were harrassing customers and threatning the customers with lawsuits. Finally Paul Reddam steps in because he dosent want to pay anymore lawsuits from the customers. It's to late Reddam. Your employees hate working there because of people like Ochoa who they cant trust. You work them like slaves and treat them like dirt. And now you wonder why the customers feel harrased? Put that carrot out there that we work so hard for and now you act like you care about the customer? Never. He only cares about MONEY. On behalf of the GOOD employees who actually care about our customer, I appologize for what you have to go through. Record everything. Keep track of multiple calls. Always remember, there talk is cheap. They lie about everything.

:cry: :cry:

I hope this isn't completely true :shock:

I live in NC and I have problems with Cash Call. I decided to turn them over to an attorney that does debt settlements.

I think so--falling under exports and interstate commerce, I believe.

I AM A COLLECTOR AT CASHCALL, UNFORTUNATELY. I REGRET TO SEE HOW THEY GAVE A CUSTOMER WHO MAKES $650.00 A MONTH OUT OF SSI, A LOAN, WITH MONTLY PAYMENTS OF $216.55. I ASK MYSELF, DOES THAT EVEN SOUND RIGHT? THAT'S UNBELIVEABLE AND IMMORAL IN SO MANY WAYS. I AM LOOKING FOR A NEW JOB CUZ THIS GOES AGAINST MY WORK EHTIC. IM NOT ONE TO ABUSE A CUSTOMER ON THE PHN, SO THN MANAGEMENT TELLS ME IM TOO NICE AND NEED TO BE MORE FIRM, BASICALLY, COLLECT ON THE IMPOSSIBLE, AND FOR THE UNGRATEFUL(PAUL REDDAM AND LOUIS OCHOA). CASHCALL MAKES US EMPLOYEES REACH FOR IMPOSSIBLE GOALS, THATS WHY SOME COLLECTORS, TO DATE, STILL VIOLATE fdcpa LAWS. MANAGEMENT PUSHES AND SUPPORTS THAT ABUSSIVE BEHAVIOR, AND ALL FOR SOME BONUS. WE HAVE TO WORK 12 HOUR DAYS, SIX DAYS A WEEK, ON OUR OFF DAYS, MAKES OVER 120 CALLS A DAY TO MEET THEIR MINIMUM STANDARDS, AND ARE NOT ALLOWED ANY MISSED DAYS OFF UNLESS YOU WERE CLOSE TO YOUR DEATH BED, OTHER THAN THAT, YOU BETTER MAKE SURE YOUR BEHIND IS IN YOUR SHIFT ON THE DOT AND START COLLECTING ON PEOPLE WHO HAVE ALREADY TOLD YOU THEY JUST DONT HAVE THE MONEY THIS MONTH, AND COLLECTORS ARE HELD RESPONSIBLE!MOST OF MANAGEMENT THERE ARE MEN, AND SEXUALLY HARRASS THE HELL OUT OF FEMALES THERE, ESPECIALLY THE YOUNG FEMALES. INNUMEROUS SECRET RELATIONS HAVE GONE ON IN ORDER FOR SOME FEMALES TO KEEP THEIR JOB AT CASHCALL. INDECENT REMARKS ARE CONSTANTLY MADE EVERYDAY TO PRETTY GIRLS AND IT HAS TO BE KEPT ON A HUSH BECAUSE IF YOU SNITH, THE PERSON IN MANAGEMENT WILL DEFINITELY FIND A WAY TO FIRE YOU FOR THE MOST MINUTE EXCUSE.

Wow! It's hard to believe that they actually get away with all of that stuff! Good luck finding a new job! I hope you don't have to stay in that work environment much longer!

How can ANYONE work under 'conditions' like that? Hey, CASH CALL EMPLOYEE..have you gone 'ouside the office' and let someone know about all of this? Sounds like you REALLY DO have 'inside' information, about work ethics, etc. That's horrible. I DID have a loan, from them, at one time. They gave me SOOO much trouble with it. CC just preys on SOO many people who are in desperate situations. Also....you had said something about some employees, that NOW work for CC, that used to work for NCO?? That's a entirely different 'can of worms' in it self.

If you're so concerned why don't you report them to the proper authorities or banking officials. We would all be better off.....especially if the customers would be able to pay the interest rates according to state laws.

I don't know if the "collector" is for real or not, but what's funny is the part they stated about them working 6 days a week, is true. My "personal CC collector" calls me promtply 6 days a week a couple of times a day! I was thinking late yesterday, "man I've not heard him today" don't you know about 15 mins after I had that thought he called me, and I honestly, said to myself, "Gosh, does that boy never take a day off?"" LOLOLOL Guess not!

just curious...i've read a lot of contracts in my PDL history and all of them say that I am agreeing to not participate in a class action lawsuit against the company, blah blah blah...does this mean anything? i mean, it is a contract. cant they use that to their advantage?

New Jersey Supreme Court Strikes Down Consumer Class Action Ban as ???????Unconscionable and Unenforceable????????

TLPJ Wins Nationally-Significant Ruling Against Payday Lender Preserving Consumer Class Actions

In a consumer rights victory of national significance, the New Jersey Supreme Court agreed with Trial Lawyers for Public Justice and a team of consumer rights advocates today that corporations cannot insert and enforce class action bans in their consumer agreements to get a free pass from consumer protection lawsuits. In Muhammad v. County Bank of Rehoboth Beach, Delaware, the Court ruled that a payday lender????????s provision that barred borrowers from bringing class action claims violates the public interest protected by New Jersey????????s Consumer Fraud Act and is ???????unconscionable and unenforceable.???????

i like the way you think idoll.every now and again you get these (supposed) employees of these companies.they slather,slander,and bad mouth there company left and right.they mentioned work ethic,right like you can't find a legit collection job.tells you something doesn't it.chances are if this employee does work for cashcall collections they harrassed 15-20 people within 30 minutes after they posted that.nice work ethic. :roll: :roll:

The post above (the long one) is copied from several other sites ,word for word, although the original posting that it refers to does not exist.

Sorry, but it's a lie and scam post.

The other post from the Cash Call employee is a lie too . . . . No one is going to sleep with their boss to save a collection job . . . They could go somewhere else and get another one.

The fact is Cash Call sucks. They are an evil company, and should be shut down. But the problem with these posts is that many state governments are itching to shut them down. If the above 2 posts were true, well, there'd be no problem. But they aren't shut down.

Don't believe everything you read . . . . Anyone can post anything . . . .

Cash Call has made my life miserable! It was
THE BIGGEST FINANCIAL MISTAKE IN MY LIFE!
I hope they get SUED for BILLIONS and HAVE
TO PAY BACK, EVERYONE, FOR TAKING ADVANTAGE OF PEOPLE in financially hard situations!
This is TRULY a PREDATORIAL LOAN COMPANY
and THEY SUCK OFF THE BLOOD OF THE
STRUGGLING WORKING CLASS PEOPLE!
What gets me ROYALLY PISSED OFF is that
OUR GOVERMENT PERMITS THIS!
Our senators and representatives ought to
make it a law that NO LOAN COMPANY has
such HIGH INTEREST RATES that BREAKS THE
BACKS of people (and does it MERCILESSLY!!!).
Further, just because something is "Legal"
to do, does not make it right! The laws need to change and Harassers, who work for cash call (when you miss a payment), who shout,
threaten. bully, etc., need to be INDIVIDUALLY
SUED along with this "loan company" from hell!
I was hesistant to initially take out a loan from cash call, but, their representative talked me into it - WHAT A MISTAKE! Hope they ALL GET
ROYALLY SUED and would like to join in ANY CLASS ACTION LAWSUIT AGAINST THEM!

As a side note, I just saw a commercial for our friendly, neighborhood Cash Call and if it wasn't for the fact that I can't afford to buy a new tv thanks to these criminals, I would have put my foot right through the damn thing! And then they have the nerve to blatantly state that if you can't afford to manage the monthly payment, you should look elsewhere for a loan. Well maybe if they played nice, they wouldn't have to make that disclaimer. Good luck with your cause.

DO NOT GET A CASHCALL LOAN EVER!! :( PLEASE DO NOT SELL YOUR SOUL TO THE DEVIL FOR A QUICK FIX :cry:

Hello,

I got into trouble with cash call too. I had an interest rate of 39% on a $10,000 loan.
I was able to get the interest lowered to a 9% plus, they will clear the last 5 months of interest off the loan. So no caring over of past due interest!

Here is the trick. It works better if you have had good 8 months to 1.5 years of good payment history. Once you fall behind and your credit is already messed up. Do this.... Just keep saying you are unable to pay because your job has cut hours back(which mine did). Do this for a couple of months, they will offer you a loan modification. Do not accept the first or second offer. They offer to lower my loan to 25% and then 18% and then 15%. They will also offer a cash settlement for about 40% to 60% of the balance.
After a few months tell them you got laid off. (which happen to me) Do not make any payments. But warning, do not go past the 5 and half mark. This will charge off to bad debt after 6 months and it will be placed to file a suit against you. Which you will have to do a lump settlement.

They will ask you to make partial payment around $50. but first they will start high as one month payment and then one month payment of the new lower interest payment etc etc. IF you have time and your credit is already screwed you can save a few $$$...

The right thing is to pay back the loan. Since we did borrow the money.

Best of luck....

It's not like I DIN'T want to pay them back. I had a 99% on my loan. Their "special offer" to me?...a "partial payment" of $150.00. Yeah..right. I just couldn't pay. They finally 'sold' my loan to a CA. They are criminals..that's for sure.

At 99% interest you pay $150 towards loan. Cash Call takes $140 of that and puts $10 on principal. That is OUTRAGEOUS and impossible to ever pay off. This is easily an 10 year debt/burden or possibly longer if you cannot pay the lumpsum off. I wonder if Cash Call points out the interest rate before hand. I see alot of people upset with it, but do they know what they are getting into :?: Or is the contract explained after you sign the loan documents? Someone please fill me in. I understand desperate times calls for deperate measures, but 99% is just RIDICULOUS :?

anya...the interest rate is clearly stated...problem is, most consumers do not fully comprehend the affect that 99% interest equates to...i.e. $150 payment with $140 going to interest and $10 to principal...resulting in a lifetime repayment structure.

I would hope that the interest rate is stated on the loan application. I have seen some folks say they did not know the interest rate untill after they received the loan. In any event, 99% is still a high number. I hope more folks become aware of Cash Call and think twice before dealing with them.

A friend (truly a friend not me) just informed me that she had a Cashcall loan. The initial amount borrowed was $2,500. She has been paying approx $200 every month for two years. The rep. informed her over 6 months ago that she had only paid $20 off of the $2,500. She can no longer reach anyone at the company. Does anyone have a number for Cashcall? Any suggestions? Is there anyway to receive a monthly or quarterly statement? Are they violating the usury laws of the state (Nevada)?