logo

Debtconsolidationcare.com - the USA consumer forum

cash call

Date: Thu, 08/02/2012 - 22:41

Submitted by alohnsman
on Thu, 08/02/2012 - 22:41

Posts: 13 Credits: [Donate]

Total Replies: 1


this is the response that cash call gave the bb. now what do I do, sorry its kinda long

Company's Initial Response - Posted 07/27/2012 Initially, please be advised that prior to this complaint, CashCall received the written notification required and all calls and EFT withdrawals were stopped as requested by Consumer on July 24, 2012. With regard to Consumer’s loan, please be advised that CashCall does not make unsecured or payday loans in Ohio and never has done so. Consumer’s loan is an unsecured installment loan that she obtained from a company called Western Sky Financial (“Western Sky”) and that is currently being serviced by CashCall. Our records indicate that Consumer's installment loan was originated and funded by Western Sky on November 23, 2011. As such, all questions regarding the origination and funding of consumer's loan should be directed to Western Sky, at: P.O. Box 370, Timber Lake, South Dakota, 57656. As background, Western Sky is a wholly Cheyenne River Sioux Tribal Member owned business and is located and operates within the exterior boundaries of the Cheyenne River Indian Reservation. Western Sky loans are initiated, approved, issued and disbursed within the confines of the Cheyenne River Indian Reservation. Western Sky is licensed with the Cheyenne River Sioux Tribe. Western Sky does not have any physical presence in Ohio or any other State of the Union. Upon review of the file sent to CashCall by Western Sky, the loan documents clearly indicate that the laws of the Cheyenne River Sioux Tribe apply exclusively to the terms and conditions of Consumer's loan, and she further accepted this choice of law and jurisdiction by executing her loan document. These facts were explained to consumer when she applied and again when she signed her Consumer Loan Agreement (“Note”). Borrowers are instructed to read the Note in its entirety. Once they have done so, they are required to electronically sign or initial the Note in four different locations. The third of the signatures represents the borrower’s confirmation that he/she has read and understands the terms and conditions of the Note. According to our records, consumer signed the Note on November 22, 2011, via electronic signature, indicating that she did indeed understand the terms and conditions of the Note. This Note, in its original format, is an electronic document fully compliant with the Electronic Signatures in Global and National Commerce Act (E-SIGN) and other applicable laws and regulations. The Truth in Lending Act Disclosure Statement at the top of page one clearly displays the Annual Percentage rate (“APR”) as 233.98% and Total Finance Charge of $3,806.23. The APR was disclosed in accordance with the requirements of the Truth in Lending Act. Notwithstanding these disclosures, borrowers are free to pay their loan in part or in full at anytime without penalty. Consumer was also sent a settlement statement via electronic mail to the address she supplied, confirming the terms and conditions of the Note, on November 22, 2011. On November 25, 2011, per the Notice of Assignment, Sale or Transfer of Servicing Rights e-mail sent to the address provided by consumer, consumer’s loan was sold to WS Funding, LLC (“WS”), and is currently being serviced by CashCall. Under long-standing principles of assignor-assignee rights, CashCall is permitted to stand in the shoes of the maker of the loan and enforce the terms of that loan pursuant to the choice-of-law provisions contained in the agreement. According to our records, the last full payment received on the account was on July 1, 2012 and the account is current. The remaining principal balance on the account is $1,377.98 and the payoff amount is $1,526.27. If consumer would like to discuss possible assistance options please have her contact Elissa directly at 714-221-3300. In summary, this loan is valid and enforceable, and we have confirmed that consumer’s account balance is accurate and that we are reporting all credit information correctly for this loan. Initial Response Summary All calls and EFT withdrawals by CashCall were stopped on July 24, 2012.
Company's Initial Response - Posted 07/27/2012 Initially, please be advised that prior to this complaint, CashCall received the written notification required and all calls and EFT withdrawals were stopped as requested by Consumer on July 24, 2012. With regard to Consumer’s loan, please be advised that CashCall does not make unsecured or payday loans in Ohio and never has done so. Consumer’s loan is an unsecured installment loan that she obtained from a company called Western Sky Financial (“Western Sky”) and that is currently being serviced by CashCall. Our records indicate that Consumer's installment loan was originated and funded by Western Sky on November 23, 2011. As such, all questions regarding the origination and funding of consumer's loan should be directed to Western Sky, at: P.O. Box 370, Timber Lake, South Dakota, 57656. As background, Western Sky is a wholly Cheyenne River Sioux Tribal Member owned business and is located and operates within the exterior boundaries of the Cheyenne River Indian Reservation. Western Sky loans are initiated, approved, issued and disbursed within the confines of the Cheyenne River Indian Reservation. Western Sky is licensed with the Cheyenne River Sioux Tribe. Western Sky does not have any physical presence in Ohio or any other State of the Union. Upon review of the file sent to CashCall by Western Sky, the loan documents clearly indicate that the laws of the Cheyenne River Sioux Tribe apply exclusively to the terms and conditions of Consumer's loan, and she further accepted this choice of law and jurisdiction by executing her loan document. These facts were explained to consumer when she applied and again when she signed her Consumer Loan Agreement (“Note”). Borrowers are instructed to read the Note in its entirety. Once they have done so, they are required to electronically sign or initial the Note in four different locations. The third of the signatures represents the borrower’s confirmation that he/she has read and understands the terms and conditions of the Note. According to our records, consumer signed the Note on November 22, 2011, via electronic signature, indicating that she did indeed understand the terms and conditions of the Note. This Note, in its original format, is an electronic document fully compliant with the Electronic Signatures in Global and National Commerce Act (E-SIGN) and other applicable laws and regulations. The Truth in Lending Act Disclosure Statement at the top of page one clearly displays the Annual Percentage rate (“APR”) as 233.98% and Total Finance Charge of $3,806.23. The APR was disclosed in accordance with the requirements of the Truth in Lending Act. Notwithstanding these disclosures, borrowers are free to pay their loan in part or in full at anytime without penalty. Consumer was also sent a settlement statement via electronic mail to the address she supplied, confirming the terms and conditions of the Note, on November 22, 2011. On November 25, 2011, per the Notice of Assignment, Sale or Transfer of Servicing Rights e-mail sent to the address provided by consumer, consumer’s loan was sold to WS Funding, LLC (“WS”), and is currently being serviced by CashCall. Under long-standing principles of assignor-assignee rights, CashCall is permitted to stand in the shoes of the maker of the loan and enforce the terms of that loan pursuant to the choice-of-law provisions contained in the agreement. According to our records, the last full payment received on the account was on July 1, 2012 and the account is current. The remaining principal balance on the account is $1,377.98 and the payoff amount is $1,526.27. If consumer would like to discuss possible assistance options please have her contact Elissa directly at 714-221-3300. In summary, this loan is valid and enforceable, and we have confirmed that consumer’s account balance is accurate and that we are reporting all credit information correctly for this loan. Initial Response Summary All calls and EFT withdrawals by CashCall were stopped on July 24, 2012.
Company's Initial Response - Posted 07/27/2012 Initially, please be advised that prior to this complaint, CashCall received the written notification required and all calls and EFT withdrawals were stopped as requested by Consumer on July 24, 2012. With regard to Consumer’s loan, please be advised that CashCall does not make unsecured or payday loans in Ohio and never has done so. Consumer’s loan is an unsecured installment loan that she obtained from a company called Western Sky Financial (“Western Sky”) and that is currently being serviced by CashCall. Our records indicate that Consumer's installment loan was originated and funded by Western Sky on November 23, 2011. As such, all questions regarding the origination and funding of consumer's loan should be directed to Western Sky, at: P.O. Box 370, Timber Lake, South Dakota, 57656. As background, Western Sky is a wholly Cheyenne River Sioux Tribal Member owned business and is located and operates within the exterior boundaries of the Cheyenne River Indian Reservation. Western Sky loans are initiated, approved, issued and disbursed within the confines of the Cheyenne River Indian Reservation. Western Sky is licensed with the Cheyenne River Sioux Tribe. Western Sky does not have any physical presence in Ohio or any other State of the Union. Upon review of the file sent to CashCall by Western Sky, the loan documents clearly indicate that the laws of the Cheyenne River Sioux Tribe apply exclusively to the terms and conditions of Consumer's loan, and she further accepted this choice of law and jurisdiction by executing her loan document. These facts were explained to consumer when she applied and again when she signed her Consumer Loan Agreement (“Note”). Borrowers are instructed to read the Note in its entirety. Once they have done so, they are required to electronically sign or initial the Note in four different locations. The third of the signatures represents the borrower’s confirmation that he/she has read and understands the terms and conditions of the Note. According to our records, consumer signed the Note on November 22, 2011, via electronic signature, indicating that she did indeed understand the terms and conditions of the Note. This Note, in its original format, is an electronic document fully compliant with the Electronic Signatures in Global and National Commerce Act (E-SIGN) and other applicable laws and regulations. The Truth in Lending Act Disclosure Statement at the top of page one clearly displays the Annual Percentage rate (“APR”) as 233.98% and Total Finance Charge of $3,806.23. The APR was disclosed in accordance with the requirements of the Truth in Lending Act. Notwithstanding these disclosures, borrowers are free to pay their loan in part or in full at anytime without penalty. Consumer was also sent a settlement statement via electronic mail to the address she supplied, confirming the terms and conditions of the Note, on November 22, 2011. On November 25, 2011, per the Notice of Assignment, Sale or Transfer of Servicing Rights e-mail sent to the address provided by consumer, consumer’s loan was sold to WS Funding, LLC (“WS”), and is currently being serviced by CashCall. Under long-standing principles of assignor-assignee rights, CashCall is permitted to stand in the shoes of the maker of the loan and enforce the terms of that loan pursuant to the choice-of-law provisions contained in the agreement. According to our records, the last full payment received on the account was on July 1, 2012 and the account is current. The remaining principal balance on the account is $1,377.98 and the payoff amount is $1,526.27. If consumer would like to discuss possible assistance options please have her contact Elissa directly at 714-221-3300. In summary, this loan is valid and enforceable, and we have confirmed that consumer’s account balance is accurate and that we are reporting all credit information correctly for this loan. Initial Response Summary All calls and EFT withdrawals by CashCall were stopped on July 24, 2012.
Company's Initial Response - Posted 07/27/2012 Initially, please be advised that prior to this complaint, CashCall received the written notification required and all calls and EFT withdrawals were stopped as requested by Consumer on July 24, 2012. With regard to Consumer’s loan, please be advised that CashCall does not make unsecured or payday loans in Ohio and never has done so. Consumer’s loan is an unsecured installment loan that she obtained from a company called Western Sky Financial (“Western Sky”) and that is currently being serviced by CashCall. Our records indicate that Consumer's installment loan was originated and funded by Western Sky on November 23, 2011. As such, all questions regarding the origination and funding of consumer's loan should be directed to Western Sky, at: P.O. Box 370, Timber Lake, South Dakota, 57656. As background, Western Sky is a wholly Cheyenne River Sioux Tribal Member owned business and is located and operates within the exterior boundaries of the Cheyenne River Indian Reservation. Western Sky loans are initiated, approved, issued and disbursed within the confines of the Cheyenne River Indian Reservation. Western Sky is licensed with the Cheyenne River Sioux Tribe. Western Sky does not have any physical presence in Ohio or any other State of the Union. Upon review of the file sent to CashCall by Western Sky, the loan documents clearly indicate that the laws of the Cheyenne River Sioux Tribe apply exclusively to the terms and conditions of Consumer's loan, and she further accepted this choice of law and jurisdiction by executing her loan document. These facts were explained to consumer when she applied and again when she signed her Consumer Loan Agreement (“Note”). Borrowers are instructed to read the Note in its entirety. Once they have done so, they are required to electronically sign or initial the Note in four different locations. The third of the signatures represents the borrower’s confirmation that he/she has read and understands the terms and conditions of the Note. According to our records, consumer signed the Note on November 22, 2011, via electronic signature, indicating that she did indeed understand the terms and conditions of the Note. This Note, in its original format, is an electronic document fully compliant with the Electronic Signatures in Global and National Commerce Act (E-SIGN) and other applicable laws and regulations. The Truth in Lending Act Disclosure Statement at the top of page one clearly displays the Annual Percentage rate (“APR”) as 233.98% and Total Finance Charge of $3,806.23. The APR was disclosed in accordance with the requirements of the Truth in Lending Act. Notwithstanding these disclosures, borrowers are free to pay their loan in part or in full at anytime without penalty. Consumer was also sent a settlement statement via electronic mail to the address she supplied, confirming the terms and conditions of the Note, on November 22, 2011. On November 25, 2011, per the Notice of Assignment, Sale or Transfer of Servicing Rights e-mail sent to the address provided by consumer, consumer’s loan was sold to WS Funding, LLC (“WS”), and is currently being serviced by CashCall. Under long-standing principles of assignor-assignee rights, CashCall is permitted to stand in the shoes of the maker of the loan and enforce the terms of that loan pursuant to the choice-of-law provisions contained in the agreement. According to our records, the last full payment received on the account was on July 1, 2012 and the account is current. The remaining principal balance on the account is $1,377.98 and the payoff amount is $1,526.27. If consumer would like to discuss possible assistance options please have her contact Elissa directly at 714-221-3300. In summary, this loan is valid and enforceable, and we have confirmed that consumer’s account balance is accurate and that we are reporting all credit information correctly for this loan. Initial Response Summary All calls and EFT withdrawals by CashCall were stopped on July 24, 2012.