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Cash Call Sorry long post!

Submitted by on Sun, 08/09/2009 - 22:28
Posts: 202330
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I really have no idea what I am doing as far as this credit repair stuff goes and I am doing a lot of research right now. One thing I am sure of is that Cash Call is something I need to get rid of ASAP!!!!!! Here is my situation with them...

Stupidly I get a loan with these guys a cpl yrs ago for $5000. I got into some serious financial problems after a divorce 2 yrs ago leaving me unable to pay a lot of my bills and basically destroying my credit. I received a letter a cpl weeks ago from Cash call, I thought, saying they would settle debt for lump sum of $xxxx or 6 "easy" payments of $xxx. I retardedly lost this letter. I have now received a letter from attorney Steve Yaple on behalf of TK Financial about this debt, but the 30 days is up because I recently moved and this letter came in some mail that was forwarded from old address. So I called Cash call and asked about the deal mentioned above and they said it must have come from TK financial and that is who has the acct and that I will have to deal with them now. On my credit report there is no TK financial on there just Cash call listing the debt as a charge off. I have paid these people just over $4800 already but I am sure that has all been interest with maybe $200 going toward the principal!!
What do I do?? Should I keep contacting Cash call and asking them to settle this or should I contact this attorney and try to settle this with them? I am just trying to keep from getting sued.
Thanks for all that you guys do!!!!!!!!
:evil: :evil: :evil: :evil: :evil:


Oh I thought I might better add to this that TK Financial is NOT reporting on my CR the only one reporting is Cash Call and they are reporting it as a charge off with a balance and a past due amount. The person I talked to at cash call made it sound as if it had been sold to TK Financial but every time I would ask if it was sold or something he would just say um all I know is it has been outsourced.


Submitted by on Mon, 08/10/2009 - 00:58

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I'll need some more info in order to give you a useful advice

How long ago you made the last payment on that debt?
Which state you lived when tuck the loan?

If they offered you to settle for less than a half the debt is likely no longer enforceable or they have lost the contract or promissory note signed by you. But if you want to pay them make them an offer


Submitted by on Wed, 08/12/2009 - 11:22

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Thanks everyone for responding!!!!! I never received anything from TK Financial just the letter from the attorney on behalf of them.

I was in oklahoma when I got the loan and I still live in Oklahoma.

I have nothing on CR except what cash call has reported that I put in earlier post. They should have a zero balance on it since they have sold the account but they dont so I will have to deal with that too.

The letter I initially received came from cash call apparently but it is no longer valid since they have sold the account. As for the letter from the attorney I will post it here so you guys can dissect it and give your opinion on it.
I dont mind settling with TK Financial but i dont think I should have to pay the $6000 they say I owe! I just dont feel like going through a court battle with these people.


Submitted by on Thu, 08/13/2009 - 21:52

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Here is the letter
Original Creditor: Cash Call Inc.
Account Number:xxxxxx
Account Balance: $6631.25

Dear Me,
Our office has been retained by TK Financial because you have failed to respond to their efforts to contact you regarding this debt, or you have refused to make arrangements to repay your debt.
Pursuant to section 1033 of the California civil code procedures you are hereby notified that our firm intends to commence legal action against you.
The result of this action could result in a judgement against you, in which include an award of actual cost of the filing and services process. At this time we are prepared to enter into any and all proceedings necessary to collect this debt. If we obtain a judgement against you, we may garnish your wages or place liens on your assets. Therefore immediate payment of balance indicated may save you these additional costs, if you act now.
Unless you notify this office within 30 days after receiving this notice that you dispute the validity of this debt or any portion thereof, we will assume that this debt is valid. If you notify us of any such dispute in writing within 30 days we will obtain verification of this debt or obtain a copy of a judgement and mail you a copy. If you request in writing within 30 days we will provide you with the name and address of the original creditor if different from the current creditor.
Sincerely,
Bret Yaple
Attorney at Law
This communication is from a debt collector.


Submitted by on Thu, 08/13/2009 - 21:54

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Thanks a lot Chrys! I am in the process of sending them a DV letter that Why Chat, from another site, has helped me with. If they are able to validate what should I expect next? I have never dealt with this type of situation before. I think that is why I have so many questions about this.

I have been worried that DV them will only anger them and then they will come after me with a vengeance!!! I have been struggling with whether I should DV or just call them and say ok how can we settle this. Cause no matter which way it goes I can not afford to pay them all that money at once nor should they be entitled to that much. I dont mind throwing them a couple thousand but thats about it!!!


Submitted by on Fri, 08/14/2009 - 23:06

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Debt validation is a right given to the consumers to know about their debts and all the collection agencies must comply with it. If the CA fails to supply a satisfactory reply to a DV letter they can't collect on the account. Therefore, you should still send the validation letter to them.


Submitted by SC on Fri, 08/14/2009 - 23:20

SC

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Oh, I forgot to mention: you said twice that CashCall sold your account. How do you know they sold it? I really doubt they did. "Charge Off" does not mean it is sold, it just means they reported it to the IRS as a loss.

A lawsuit is considered by the FDCPA as a collection activity. So they can't even sue you if you send the DV letter, but you need to send it *now* if you haven't already.


Submitted by Chrys Henderson on Mon, 08/17/2009 - 23:02

Chrys Henderson

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Business Contact and Profile for T K Credit Recovery Based on BBB files, T K Credit Recovery has a BBB Rating of F on a scale from A+ to F. Name: T K Credit Recovery Phone: (510) 724-2602 Address: 930 San Pablo Ave Ste B Pinole, CA 94564 Original Business Start Date: April 2002 Principal: Mr. Eric Kaasa, President Customer Contact: Mr. Eric Kaasa, President - (510) 724-2602 Employees: 7 Type of Business: Collection Agencies


Submitted by on Tue, 03/23/2010 - 13:15

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Can anyone help me I am in a similar situation only I did the 6 month settlement so I thought. while paying them I had my credit run and found out they charged off my account months prior. After almost a year of thinking I was finally done with this nightmare I got a letter last week telling me they had sold my debt to someone else and I had 30 days to dispute or they were filing a judgement against me. I am in PA and desperatley need help.
[email]Sbutter13@msn.com[/email]


Submitted by on Wed, 05/05/2010 - 00:42

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Quote:

Originally Posted by Anonymous
my suggestion to all of you is to get a personal loan with a very lower interest rate from another financial institution and pay these jerks off i hope this will help

Spoken like a true debt collector!
Watch out people!
This guy is a debt collector!
These people are sneaky!
They'll call you and pretend they're coming to install cable/carpet/alarm and wanted to verify the appointment/address to hook you in!


Submitted by on Mon, 07/26/2010 - 23:21

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tk financial is a collection agency that has an attry on staff. They do file lawsuits but dont file on everyone. There policy is if they have to they will. From what i have found out Cashcall is there main client. After dealing with cashcall you will want to deal with anyone but them trust me.lol tk doesnt buy debt cashcall is there main client. I'd say give them a call and see what they say. I settled my cashcall account with them no problems, but every case is different. I got nervous at first have them calling me, but it worked out.


Submitted by on Wed, 10/20/2010 - 15:38

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Mr. Yaples was just sued for violations of Credit laws.

He was sued (sucessfully) in a class action lawsuit.

Don't let these people (TK Financial) scare you.
They are theives and behave like thugs.

Please "google "Yaples" & "TK Financial for more
information. :D

best wishes,
-a friend


Submitted by on Thu, 03/03/2011 - 11:38

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[LEFT]On October 19, 2010, the Pennsylvania Supreme Court ruled that all lenders, whether they are present in the state or not, are subject to the provisions of the state's Consumer Discount Company Act and the Loan Interest and Protection Law, which caps interest rates on loans less than $50,000 at 6 percent yearly for unlicensed lenders and 24 percent yearly for licensed lenders. These rates make payday lending unprofitable for small loan companies.



Therefore Cash Call or whoever is collecting for them can only charge you PA interest rates which you have probably already over paid. Don give them a cent make them calculate your correct loan rates apply what you have already paid then see what's left.
[/LEFT]


Submitted by on Thu, 03/31/2011 - 09:43

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I settled with Cash Call last year. My loan was 2600, and i had it for 3 years (payment of 216 a month over 7000 paid to them!!) and when I stopped paying them I still had a year left. They still wanted 3 plus thousand from me!! I started to call them (alot!!) until I finally got them to take my offer to settle for 12 payments of 100.00. Just stay on them! I told them what I could afford and that was it. I


Submitted by on Thu, 03/31/2011 - 12:37

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sorry to say but in any debt there is a valadation period giving you 30 days to dispute the validity of the debt on the inital demand. make a sif offer they are most likely willing to accept it and may even allow payments on it! good luck


Submitted by on Tue, 07/19/2011 - 12:22

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