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any have a loan out with CashCall?

Date: Thu, 05/11/2006 - 13:33

Submitted by rkai93
on Thu, 05/11/2006 - 13:33

Posts: 117 Credits: [Donate]

Total Replies: 49


I am behind with then and no-one talks about them here


I don't have a loan with them, but I think I have seen a commercial on TV for them before. They say they will put $10,000 in your bank account the next day or something, and payments will be $200 a month? Is that the same place that you are talking about? Sounds like a scam to me, but I am skeptical of ANYTHING anymore :)

~Mary


lrhall41

Submitted by Mary on Thu, 05/11/2006 - 14:04

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no - they are true, although it's more like 2600.0 for 200 a month..still..better than most

I jsut know my DC said they refuse to work with DCs...which has me concerned.

They are licensed to do business in CA..and no complaints on the BBB

I was jsut throwing it out there, asI have never seen a thread on them here


lrhall41

Submitted by rkai93 on Thu, 05/11/2006 - 14:45

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I see them on TV all the time with Gary Coleman as the spokesperson (like that is supposed to make it legit). I will admit---I called one time to see what they were about and first off they asked if I had ever filed bankruptcy (I have) and that was the end of that (which was probably a blessing in disguise)!


lrhall41

Submitted by Lorri on Thu, 05/11/2006 - 20:22

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Avoid at ALL COSTS. These guys are worse than PDL's because you will be in debt to them for years! For instance, I took a $2600 dollar loan over a year ago. I paid $200 a month for a year. Guess what my principal still owed is? $2400. So basically, every month when I write that $200 check, I may as well be flushing cash down the can. Does anyone still think these guys are "way better than PDL's?" No way. Run....and run fast. If you're already hooked by Cashcall, borrow, scrimp and save every penny you can and PAY THEM OFF. Because every payment you make is almost all interest.


lrhall41

Submitted by on Tue, 06/27/2006 - 08:57

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Hip Dev,
I sooooo agree ! I have had my loan with them for 2 years and I still owe 9400.00. Can you imagine after paying two years at 256.26 monthly. I will never fall for that again.


lrhall41

Submitted by mom of 3 kids on Tue, 07/04/2006 - 22:13

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mom of 3 kids

You have paid so much to the company. By this time, your loan should have been fully paid. I will talk with your bank and dispute the charges with the company. They need to send an itemized statement of your loan account. Verify the previous payments and the latest standing of the loan account. If you have paid off the full amount, you need to get a 'paid in full' letter from the company.


lrhall41

Submitted by Justme on Wed, 07/05/2006 - 14:01

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Mom of 3 from a mom of 3..... I did the same thing. Only, I found that they did a lot of illigal things, like report me late to credit reporting agencies, unauthorized debits, lieing, unnecessary collection calls when I wasn't late, harrassement, payments not posted to my account etc. If this has happened to you, report them to the California Department of Corporations.


lrhall41

Submitted by on Fri, 11/17/2006 - 13:29

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people. . . there is no way you can get ahead by paying their "minimum" payment. You need to pay at least three times that amount if you want to have any chance of not being raped by interest.


lrhall41

Submitted by on Mon, 12/04/2006 - 21:58

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I warned about this company on an earlier post. You are exactly right. The scary part this one is like storefronts backed by a bank. KYSIDE38


lrhall41

Submitted by KYSIDE38 on Tue, 12/05/2006 - 05:33

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I took a loan for 2600.00 i only needed 1500.00 but better then a PDL.. I paid back the 1100.00 the same afternoon it was put in my account.. and I have 1 year of 215.00 payments alot I know but again better then the PDL... and for 1 year I try to send a extra payment every so often and they never mis reported or hasseled me..I am not a fan of ANY of these loan companys but just thought I would put my 2cents in...


lrhall41

Submitted by Poptarts.mom on Tue, 12/05/2006 - 07:21

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I have a cashcall loan from 2004 and they are just the nicest people you want to talk to. They are very professional and if you run into any problems making the payment, they arrange a way to help you stay on track. It's not as bad as the comments I've read from some of you. I have 5 other friends who are quite satisfied as well.


lrhall41

Submitted by on Tue, 12/19/2006 - 21:01

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Taking a loan from these guys is like using money for toilet paper.. Check the rates section of their website, apr of 99.25% ???? You gotta have a serious crack habbit to need money THAT bad..


lrhall41

Submitted by on Tue, 12/26/2006 - 10:32

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I am ready to pull my hair out over Cash Call. I must admit, I didn't hesitate to take the loan of $2600, but the $200 payments are really hard to make. I have made them for 2 years at like 89% interest or something unreal like that and I still owe almost the entire principal. Does anyone know if these people can get a wage assignment from me?

By the way I am a single mother of 3 kids and my ex hasn't paid support in over 9 months. This is why I can't pay anymore. I haven't paid them in over 2 months, because they were the one bill I had to choose to give-up. I gotta pay for car, rent, childcare, utilities, insurance, etc. Something had to give.

I am brand new to DCC and know nothing yet.


lrhall41

Submitted by vmichelelea on Sun, 02/25/2007 - 17:08

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I figured the bank account thing out a long time ago and closed my account. I had it set-up to make Moneygram payments to them. The won't even take a check over the phone for payment.

I just want to know what they can do to me. I explained that I want to pay them, but I can't pay them. They said that is refusal to pay. I explained about my child support issue and they said "That's child-support, not mommy-support." I was in tears. The are so heartless and mean. I started to explain that since there was no child support from my ex, that the money for the kids had to come from somewhere, but realized, it was in vain, so I hung up.


lrhall41

Submitted by vmichelelea on Sun, 02/25/2007 - 17:22

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momof3kids, why didn't you just pay back what you did not need? You are completely able to do so without any charges. You got a 10K loan which means your interest rate is much lower than what it would have been if you got a 1K loan (according to the website.)

I took out a loan with CashCall a while back. It was a decent experience. I just paid off my loan quickly and avoided all that interest. I think the people who are complaining about the company just didn't read their contract. The interest rate & the amount of monthly installments are written on there. I thought it was amusing because I remember actually reading, "the interest is high" or something like that on the actual contract.


lrhall41

Submitted by on Tue, 03/13/2007 - 22:32

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I've had a loan with cash call for a year all ready. The loan amount that they gave me was $5000 at 251.00 for 10 year (120 months). That's about 59% interest which is just out of this world robbery. I decided to work with a debt consoldation company and cash call was the only creditor that did not want to work with the debt consolidation company, instead they re wrote my loan. They defered a month payment and instead of paying them in 10 years it is now 7 years at the same monthly payments. They slashed my loan from about $30,000 to $15,000.


lrhall41

Submitted by on Thu, 03/22/2007 - 09:36

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WOW!!! :shock: At $256.26 a month over a 2 year span, that is $6150.24 and if you borrowed $10,000 and still owe $9400, only $600 went to principal! That just isn't right. That means they are only applying $25 out of each payment toward the principal and the rest is interest. I don't think they are my type of company. Of course, since we filed bankruptcy a few years back, they probally wouldn't loan to us anyway.


lrhall41

Submitted by 2nband on Thu, 03/22/2007 - 10:10

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2nband - you're probably right on that - CashCall, even though they charge ridiculously high interest rates, DOES have some restrictions - they won't give a loan to just anyone. (Despite what their commercial leads you to believe.) I did some research on them, and because they are backed by a bank, they follow the same underwriting procedures as a bank - meaning if your credit is below a certain level, or you have filed bankruptcy within a certain time frame, they will not lend to you.

Not that it's a bad thing - I certainly don't want a loan with a company that charges killer interest rates and then pursues you ruthlessly when you can't pay. It sets you up for failure right from the start. You have to know what you're getting yourself into when you take out one of those loans - they are counting on you being desperate enough not to care about the interest rate.


lrhall41

Submitted by SUEBEEHONEY70 on Sat, 05/26/2007 - 16:15

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i got a loan from them.SO SORRY I DID. i got layed off at work,worked out payments, got behind.they call 25 or more a day.hang-ups. i called to let them know about a payment,(i owed 166 for the month) they told me too havea bake sale and yard sale for the payment. I called my sister and she is going too send me 166.Called back to tell them a payment will be made. THEY WANTED TOO KNOW WHERE I WAS GETTING THE MONEY!!! STAY FAR AWAY FROM THESE PEOPLE


lrhall41

Submitted by on Wed, 06/20/2007 - 17:33

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My question is: how do they avoid getting sued? I just paused the legal disclosure at the end of the Cashcall commercial, and it states, "The apr for a typical loan of $2,600 is 99.25% with 42 monthly payments of $216.55."

I'm sorry - what?!? 99.25%?? I realize that CA can be a crazy place to live, work, and do business, but surely 99% APR fits the legal definition of 'usury' in any of the 50 states. :?:


lrhall41

Submitted by on Fri, 06/22/2007 - 17:38

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momof3kids what debt consoildation company did you use!


lrhall41

Submitted by on Fri, 07/20/2007 - 11:29

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The problem with them is the 99% interest! not the fact that the payments are being mishandled. They are a total rip off even if you want to pay them back the next day, you have to pay like $500 over what you borrowed for a day!


lrhall41

Submitted by on Tue, 10/02/2007 - 10:50

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After obtaining a loan with them in March of this year, I did in fact have a couple of payments that were returned, wound up paying them and the fee attatched. The last month, I have fallen behind and spoke to them about having trouble with my payments because I was past due with them, after agreeing to pay half of the last past due payment, they allowed me on to a monthly payment plan in which I was told would be for 6 months until my account with them is current. I chose my due date and was told I would do this by moneygram, and that during the 6 months, my checking account would not be debited...my account has been debited and now they are sending me a letter for arbitration and garnishment. Now all of a sudden I can't get ahold of Willette Anty (the person who was handling my account) and was told it's been handed off to somone else....this is not right at all


lrhall41

Submitted by on Tue, 11/20/2007 - 14:06

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Hi............I have dealt with Cash Call........my advcie?? STAY AWAY!! They are having money troubles of their own. There are a handful of people, who are PMing me, for my help on how to deal with them. Their % rate is almost 99%. OMG!! If anyone is having trouble with Cash Call, please PM me. To answer someones question, about Gary Coleman doing their commercials.........'here's the deal'. Gary Cloman fiked Bankruptcy sometime ago and barrowed money from Cash Call. He is doing the commercials in exchange for the loan. I can't remember what talk show, but, this Cash Call issue with him, was the " topic of the day". AND this was the info that was given out. NOOOO>>>> Cash Call is NOT legit.


lrhall41

Submitted by sdchargers_63 on Tue, 11/20/2007 - 21:29

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I took out a loan for cash call. I only needed 1,000.00 and they wired me 10,000.00 They said I could wire the money that I did not need to them back. They know once you see all that money in your account, you are going to keep it. My monthly payment was $293.00 a month. They were not taking the money out of my account on the date they agreed on. They would wait about a week and then debit my account knowing the money would not be there. I went to debt by debt to settle with Cash Call for the amount of $$3,877.00. When I stopped paying them, so they would send my account to collections, they sent a representative from Cash Call to my house to serve me papers and for the total amount due! I wish I never heard of them and Gary Colemen! I am still with debt by debt and will give them $3,877. There is no paper trail with cash cll, cause everything is done by computer. Loop Hole....My credit is now shot because of them, but at least they are not getting the amount that I owe them.


lrhall41

Submitted by on Sat, 03/22/2008 - 23:31

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When I dealt with Cash Call, there was only two amounts (loans..) you could apply for. A $2500.00 or a $5000.00 loan. I never heard of a $10,000.00. When I got my loan, it was $2500.00. My 'agreement' , with them was monthly payments, of $260.00 (which would put this loan at a 97% rate. If you are making payments of $293.00, per month, for a $10,000.00, that's pretty good. I not saying Cash Call will NOT go to your house, I've never heard of them doing that, either. I haven't made a payment, to them, for close to 2 years. They 'sold' my account to a CA. I NOW pay 5%, on the loan...compated to 99% ( with Cash Call). They aren't suppose to go to your house, anyway. They are suppose to go through your District Magistrate/Court House, in your area. You may want to consult a lawyer, on that one.


lrhall41

Submitted by sdchargers_63 on Sun, 03/23/2008 - 05:27

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Going to peoples' houses to try to collect on something like this is a really, tremendously, spectacularly, Bad Idea. The worse the economy gets, and the more desperate people become, the greater the chance of one of their 'collection agents' stopping a bullet.

Think it can't happen? Think again.

en.wikipedia.org/wiki/GMAC_massacre


lrhall41

Submitted by unclewulf on Sun, 03/23/2008 - 07:23

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I am really getting sick of these Cashcall trolls on here.

Look, no one here is advocating borrowing money from these loan sharks and then running off with it with no intention to pay back. The problem here is Cashcall's tactics and dealing with their customers.

Personally, I've never had a problem with Cashcall. My first loan was for $2600 and was at 79% apr. Within a year, I got lucky enough to get together a lump sum and pay it off. In the meantime, I paid almost $2,196 in interest!!!! and my principal pay-off quote was about $2,100. So including the pay-off amount, I had paid over $4000 on that loan in less than a year.

Now, stupidly, I took out a second loan with them last May for $5000. This time my APR is 58% Better than 79%, but, not really. This time though, I don't think I will be so lucky as to have a chance to pay it all off in one lump sum, so I will be stuck paying this outrageous interest for years to come.

The people who are complaining about Cashcall aren't complaining that they owe them money- they are complaining about rude, threatening, illegal tactics in which they BULLY people into paying back their loans. There is a problem with Cashcall withdrawing payment BEFORE the agreed upon due-date, sending people's bank accounts into overdraft. Some people are really struggling to make these payments, and if Cashcall was smart, they would try to accomodate these people in a friendly manner, rather than threaten them with arrest. After all, getting a late payment or post-dated payment out of someone is better than having them file bankruptcy on you and you're just out altogether.

And one more thing. Yes, Cashcall is taking on high-risk people when no one else will. Yes, they are going to raise the interest to safeguard themselves against high-risk people. But in the end, I think Cashcall is setting themselves up. You take a high risk person who is struggling to make ends meet, and you charge them a whopping 99% APR, what do you think is going to happen?? More than likely they are going to default. Yet Cashcall acts like these people are purposely trying to steal from them.

99% APR is just plain GREED. Even my state ( Ca ) 's cap is pretty high at 36%. Cashcall could still charge something like that, and make a killing on the interest, and surprise...maybe a high risk person could actually pay their obligation back at something like that, as opposed to defaulting on 99%


And one more thing..... are you Gary Coleman?


lrhall41

Submitted by Amaranth on Mon, 03/31/2008 - 15:59

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TimK - Do you work for Cashcall?

Please spare us your judgmentalism. People here is honest and hard working. 96% interest is nothing but preying on people who have no alternative. Geez. Spare us your condescension.

Blood Sucking Vultures. :evil: :twisted: :evil:


lrhall41

Submitted by on Mon, 03/31/2008 - 21:38

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Well, just when you think you're getting ahead...I paid off my final PDL's (FINALLY) this month and just got a summons from Cashcall taking me to Small Claims court on April 30th! I need some guidance. The depressing thing is that I have figured out that I have paid approx. $1400 on a $2500 loan--and Cashcall says I still owe them $2467!!
Any guidance would be appreciated...


lrhall41

Submitted by kscornell on Mon, 03/31/2008 - 22:07

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It never ceases to amaze me when the "higher risk borrower" argument is used to justify 96% interest in cashcall's case, and 500-900% in the case of PDL's. It's fine to charge a higher interest rate for a higher risk - I think we'll all agree with that - BUT WITHIN REASON. 96% and 500% are not REASONABLE. You don't have to charge THAT much higher a rate to take on the added risk. 36% fine. But anything beyond that is pure GREED and anyone who tells you differently is flat out LYING.


lrhall41

Submitted by on Mon, 03/31/2008 - 22:24

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I have a loan with them and i was late one time and they tried to make me go another year prior to the loan amount that i have so i refused to pay anything else, i knew something was bad about this company because the representive never discussed the loan overview with me


lrhall41

Submitted by on Tue, 11/02/2010 - 08:48

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