cash call in Cali
Date: Thu, 01/28/2010 - 14:17
I heard a commercial on the radio yesterday for Cash Call. They were advertising personal loans. They were offing loans for $2,500.00. They did say these loans are expensive but it is better they getting a payday loan. Wow, how can Cashcall charge so much interest and get away with it. I think cash call and payday loans are the same. How funny.
I defaulted on my CashCall loan and now I am starting to pay it back again. They lowered the interest rate by 40%.
I defaulted on my CashCall loan and now I am starting to pay it back again. They lowered the interest rate by 40%.
Quote:Originally Posted by AnonymousI heard a commercial on the
Quote:
Originally Posted by Anonymous I heard a commercial on the radio yesterday for Cash Call. They were advertising personal loans. They were offing loans for $2,500.00. They did say these loans are expensive but it is better they getting a payday loan. Wow, how can Cashcall charge so much interest and get away with it. I think cash call and payday loans are the same. How funny. I defaulted on my CashCall loan and now I am starting to pay it back again. They lowered the interest rate by 40%. |
You can check out the usury laws of California in the following link.
"http://www.leginfo.ca.gov/.const/.article_15"
I don't think that charging around 90% interest on personal loans is legal in CA.
