Cash Call is backed by a bank and is not a payday loan company

I can agree with SDchargers to the fullest extent. I believe I am 1 of the few here that has gotten an agreement w/ them, and I know what a heartache they can bring to you. Their collection tactics are not nice at all. DO NOT DEAL WITH THEM. Being broke is better than their money and the aftermath the wreck on you life if you miss payments.. they have actually called coworkers and my boss. Don't let them do this to you, if you have dealt with them try to work out an early pay option, they'll do it for less than the loan w/interest.

You're right, PAULIESGIRL. They call EVERYONE to try and get in touch with you. They ARE evil and have no sympathy. They always act like they are doing you a favor. Paying THEIR % is doing YOU a favor!? You pay back TWICE as much, or even more than that. If you can, stay away from Cash Call.

Thanks PAULIESGIRL I guess I just didn't get the right people and actually the ones that were doing the harassing were women! I actually sent them a letter trying to work something out since the people on the phone were getting to me (and after I reported them to the California AG office) and they never responded.

I went through periods of days/weeks that they weren't so bothersome but they came back with a vengence. keep trying to work with them and you will find someone that will work with you, it may actually depend on how far behind you are or something, not knowing their inside tactics I can't say for sure.

How can i get a cash call loan. im located in NY any ideas. and how bout pdl are they allowed in ny or no. just asking can an y one help me out drop me aemail if you like or message me

I have a loan thru them, I was pregnant (and also have an 8-y-o), lost my job, my car, my home and then several hundred dollars a month in child support. I borrowed the $ from them like an idiot and desperate mother and mother to be. I have called several debt consolidation people and according to everyone of them, everyone of them, the response they get from Cash Call is that they DO NOT do any form of debt consolidation. I see other posts from people who have gone thru companies and have successfully had their Cash Call loans included, how..... I am having no luck at all.

so if Cash Call is handled by Bank of DE Think Cash too is handled by bank of DE because I had just got a loan from them.

How can I get out of debt to cash call. The interest rate is horrible and I cannot get them paid. Is there somewhere I can get a loan that is reasonable to pay them off?

I unfortunately have a loan with them too. They are horrible and I regret getting a loan with them. I was late and they offered me to pay them one payment and defer it until Feburary. I'm trying everything I can to gather all the money I owe them and pay them off with a lump sum. Maybe I can work out an arrangement when I get close to paying them all their money back. Anyone else familiar with this company and their tactics?

I am trying different companies to do debt settlement, most of these companies said they won't do it for Cash call, is there any proof that Cash Call is an installment loan and not a pdl most of these settlement companies won't work with pdl loans.

If i am understanding this correct cashcall isn't a payday loan because it is backed by First bank of de. well i have several payday loans, 2 which are thinkcash , also now have changed their name to first bank of de, are they also not payday loans, I have been trying to explain this to some of the debt settlement companies and not one of them will deal with settlement with either of these. They said they are payday loans. I need help finding someone to deal not only with credit cards, but several payday loans, and these three first bank of de. loans, can anyone help me find a company that is legimate, and will?

I found this...

"For PayDay loans there are are state limits, but federal pre-emption allows many lenders to get around them. Cash call has a partner with a bank to offer loans to consumers. The Office of the Comptroller of the Currency and the FDIC oversee banks which grants pre-emption from state usury caps and lending laws."

Since Cash Call is backed by a bank they do not have to follow the payday laws of each state which makes then NOT a payday lender.

I found this...

"For PayDay loans there are are state limits, but federal pre-emption allows many lenders to get around them. Cash call has a partner with a bank to offer loans to consumers. The Office of the Comptroller of the Currency and the FDIC oversee banks which grants pre-emption from state usury caps and lending laws."

Since Cash Call and Think Cash are backed by a bank they do not have to follow the payday laws of each state which makes then NOT a payday lender.

I found this...

"For PayDay loans there are are state limits, but federal pre-emption allows many lenders to get around them. Cash call has a partner with a bank to offer loans to consumers. The Office of the Comptroller of the Currency and the FDIC oversee banks which grants pre-emption from state usury caps and lending laws."

Since Cash Call and Think Cash are backed by a bank they do not have to follow the payday laws of each state which makes then NOT a payday lender.

I'm about to enter a debt management program and they too keep asking me what is think cash. They kept wanting to think they are a PDL, however I just kept explaining they were not and finally they said ok.

What I was told is that Thinkcash changed their name now to First Bank of Delaware. I also tried to explain this and not one debt settlement company would deal with this kept saying payday loan, I tried to explain its an installment loan, I was also told that I would have to have the loan for 1 year on any payday loan, and it must be 120 days in arrears. I don't know what to believe or whom. I really want to get out of this mess, anyone have any advice?

Think Cash is just a broker for First Bank of Delaware. They take the applications and and you have an account with Think Cash but FBD actually loans you the money. You also have an account with Think Cash.

You can read the disclaimer at the bottom of their website.

I am thinking that you could just tell the debt settlement companies that you have a loan at FBD and not even mention Cash Call or Think Cash. It is not a lie you do have an account with FBD.

First Bank of Delaware has always been your loan provider, and now they also provide the service for your loan in that disclosure i read *Loans are offered by First Bank of Delaware (member of FDIC), not affliated with ThinkCash. So you are correct that I will only explain that they are loans with FBD i will not be lying. But, I was then told I must have the loans for 1 year and be 120 days behind, so will i have to wait until next Oct.?

I would not think so, the loan was always through FBD. Think Cash was just the broker not the lender.

I went to the disclaimer that you posted and that was in the first paragraph so you were correct. But everyone I had talked to through debt settlement said that i have to wait one year, and 120 days in arrears, do you know of any that will do it immediately? I am desparate right now, and most want like 900. upfront fees, which if i had i wouldn't be considering this, i don't mind putting money upfront but 900.00 any help very much appreciated.

I see now what you are asking and I don't know. I have never worked with a debt settlement company.

Are any of the loans payday loans? If they are you can post a thread about it and maybe we can help.

While Cash Call may be operating under the "letter of the law," perhaps then it is time to speak about changing that law. If there is a law firm out there that has the tenacity to estop an organization such as Cash Call from attempting to monopolize upon those enduring painfully bad times, this would be the forum to seek class action plaintiffs. I, for one, would definitely be willing to participate as a class member.

I took a $5,000 loan two years ago and have paid over $8,000 on a $5,000 loan, and counting. I have never been late on my payments, except for two weeks ago when I asked for a two-week extension. It took two phone calls and an insult to have them finally agree. I also asked if there was any way I could have my loan converted to a "conventional" loan. They said no, they don't do that. Bottom line is, they have no fear for any of their "patrons" because they have learned how to beat them (us) down by toying with our lives, our jobs, our friends and family. This is evident from the postings I have read today.

I refuse to believe that a good law firm cannot get an injunction against them from doing business in California to protect us from ourselves in our moment of need. If we could have a seat belt law imposed upon us, why not a "bad loan" law to weed out the unsavory loan companies? I have learned from the past and for two years now I have faithfully paid my debts. The futility in paying Cash Call, however, is distressing.

Ah, I feel better now. Must be a law firm out there somewhere willing to take this on. I await their post.

Pay your bills!!!!
Sounds like most of you take out these loans with no intention of paying back what you borrowed. Everything is disclosed when you obtain a loan. If you don't like the terms, don't take the money. I, for one, am glad to hear that some companies will take deadbeats to court and WIN!

Ditto, only the other way around, consumer vs slimy illegal lenders = WIN!

Cash call people must be putting these comments to scare people. I took a loan from those crooks they threatened to sue me I said go for it. I am a collections manager. they sent some cronies to my job to serve me with a small claims court suit. I responded they didn't even show up to the court date. they're shady and whoever reads this should go to another sight to get the correct info how do deal with these loan sharks

Okay I have a hardship case too and I am curious to know how you guys convinced them to settle and how much did you settle for?

I also have a hardship case. Is there any way to get them to settle? I have been paying the loan on time, but its overdrafting my account now and I have already paid them over 4300.00 for a 2600.00 loan.

I'm getting to the conclusion that saving every red cent is the way to go with these clowns. But heres a question, in saving red cents, lets say I save 500.00 do I pay that to them or do I wait until I have the full payoff amount?

is there any place other than a bank you can get a loan without the horrible interest rates

Family or friends :?

Some employers allow cash advace. Look there as well.

Please refrain from using CashCall it can cause you to shrink financially. Just look at Gary Coleman.. :lol:

i knopw

Has anyone ever paid over half the payments of 42 on $2600 loan at cash call and just stopped.

I HAVE PAID THEM OFF!!! Just waiting for my PIF to come in the mail. So nice to have extra money to go towards something else. The light at the end of the tunnel is a whole lot brighter!!!

Good for you....I wish I could say the same for myself....but the time will come.

Yes...the time will come. Every extra-put towards it.

The Trevose Pennsylvania lawfirm Smolow & Landis,llc is pursuing a class action arbitration against CashCall on behalf of Pennsylvania borrowers who were charged 99% interest and loan origination fees. The lawsuit alleges that CashCall is engaged in loan-sharking, and that its interest rates violate Pennsylvania???s usury laws. The lawsuit further alleges that CashCall has a sham relationship with the First Bank of Delaware (FBD) and uses FBD to shield itself from state usury and consumer protection laws that are intended to protect consumers from outrageous lending practices. The lawsuit requests three times the amount of unlawful interest collected for each class member. Smolow & Landis is investigating CashCall???s similar practices in other states for possible legal action. For more information, contact [email]lawyers@smolowlandis.com[/email].

are there any updates regarding recent cash call lawsuits?

Oh my goodness!! CC is offering mortgages now :shock:

MY CASHCALL PIF LETTER CAME! SO DONE WITH THEM. AHHHHHHHH.....

Congratulations!!!!! Im hoping to be next....

I emailed Smolow & Landis lets see what happens.....

I also did..got a email back from Ronald Smolow..saying Call Me. Going to call right now. Will let you know...

Working with Smolow...things are looking up. How about you dental0828?

I took out a 5,000 loan with them 2 years ago. Never had a problem other than the $255 a month every month getting taken out. They once gave me a 4 month deferment when I was unemployed so that set it back.

Only good thing about it is that it does reflect positively on your credit report. I am hoping within a year to build my credit back up to take out a more reasonable loan to finally pay that back.

What they charge should be criminal but no one twisted my arm when I agreed to the terms and took it out.

Cash Call loan company agrees to pay $1 million in penalties
By PE News on August 25, 2009 9:20 AM | Comments (0)
Anaheim-based fast-money lender CashCall Inc. has agreed to pay the state $1 million in civil penalties and legal expenses to settle allegations that it ran deceptive ads and used loan shark tactics against its customers.

The state alleged that the company, which has used former child star Gary Coleman in its ad campaigns, runs advertisements falsely suggesting cheap loans are available to all borrowers.

In fact, low interest rates are available only to active-duty military personnel and their families while other borrowers are charged more than a 139 percent annual interest rate, according to the state's complaint.

The company was also accused of making abusive phone calls at all hours of the day to harass customers who were not paying back their loans.

???City News Service

What is the mailing address for Cash Call, I want to file Bankrubacy and need a mailing address. I've been paying on my loan for over four years and the balance is only a few hundred dollars less then the $10,000.00 I borrowed.

[QUOTE=Anonymous;467358]What is the mailing address for Cash Call, I want to file Bankrubacy and need a mailing address. I've been paying on my loan for over four years and the balance is only a few hundred dollars less then the $10,000.00 I borrowed.

Hi California Girl, following is the address of Cash Call. Hope it helps.

Cash Call Inc.,
17350 Brookhurst St,
Fountain Valley, CA 92708-3720.