I made the mistake of getting a CashCall Loan...

Can I stop them from calling me? Like send a letter to them telling them to only contact me via correspondence?

Which state are you from misty?

Ohio

What can i do if i haven't been paying my cashcall loan? I took a loan out a couple years ago for $2600 and I've been making payments for 22 months so I paid them a total of $4026 so far. My bank account ended up closing because I didn't have funds for 4 days the day my bill was due. Because Cashcall kept trying to debit my account Wells Fargo closed it. Now I'm stuck... what can I do?

Yep...I got a Cash Call loan, too. ALL KINDS of problems with them!! They called my home, my work, my references ALL the time! This might help some of you. I'm in the military. As soon as I told my 'chain of command', the calls stopped. What Cash Call is doing is illegal. IF they do try to sue, they can't sue for more than the % rate that 'your' state allows. Some consalidation companies will not deal with Cash Call. I don't know if Debt CC will or not.

cece, you should of stop paying months ago, and I mean months ago, pay no more to these people. they cant do a $#%&^& to you for it. please be patient and someone will be along to explain what you can do and how these horrible people have ripped so many off here. hang in there, all will be ok.

Just clarifying a point here...

CashCall is LEGAL. They are backed by a bank, and because they are, they can get away with the interest rate they are charging.

Do not attempt to treat this company like a PDL - they are NOT a PDL company.

This company CAN and WILL take you to court if you default. The only good thing about that is that if it happens, the interest rate will quite likely be set back to the state-allowed interest rate...but you will end up with a judgement on your credit record - unless you go through mediation in lieu of going to court, and a payment arrangement is set up.

The court is not going to care that CashCall is charging outrageous interest rates. All they will care about are the facts of your case - CashCall loaned you money - you agreed to the terms in the contract - you defaulted on the loan - CashCall wants to be paid. (Please don't take offense to that statement, I'm not trying to be harsh - just showing how it would go in court.) Unless you could prove that you had been making payments all along, and CashCall had wrongly accused you of defaulting, CashCall will win.

Until a governmental body sees fit to stop them from this highway robbery, they will continue. And from what I have seen on this forum about them (never had a loan with them myself), they are ruthless when it comes to being past due.

Thank you for the info, SUEBEEHONEY 70. It's always good to have the info I need, to make decisions. The last payment, I made to them ,was in March of this year. If they were going to sue, shouldn't I have heard something by now?

Not necessarily, sdchargers....I would try to work something out with them if at all possible, or get into a debt consoliation program and see if CashCall will work with them.

However, you being in the military may be the reason they haven't pursued you. I know there have been policies put in place to protect our military personnel from payday lenders and high-interest lenders like CashCall. That may be the only saving grace you have. If someone else on the board knows more about what happens with CashCall when the military chain of command cuts off their contact with a debtor, please post it. Would they have the ability to pursue the debtor after they are discharged from military service, provided the debt is not out of SOL at that time?

Thanks for the quick reply. You may be right. My 'chain of command' did get involved with this one and ( basically ) the info went right up to the PA courts ( ? ) ( Lack of a better word, I guess). Good question.....would Cash Call beable to sue, after Military Service? I also do know there are several Payday loans that will not deal with Military personnel at all...because of the high %, etc. Do u know if Debt CC can help me consolidate Payday/cash Call loans??

sdchargers - there are several consolidation companies on our Ranking Chart that will work with payday loans. Did you take time to figure out if you have overpaid any of the loans yet? It's best to do that before you consider a consolidation program - why consolidate something if it should be marked paid in full for what you've already paid?

Ihaven't looked at all of the companies, in the Ranking Charts. I DO know I haven't overpaid anything..........on a few of them, I din't even hit the Balances yet, just paid all the fees, so far. As u know, with Payday loan, the fees don't 'count' toward the balances. Thanks for the advice.

sdchargers - if these companies are internet lenders, they MAY be operating illegally in your state. If so, you may have already paid them in full just by paying the fees.

OHHH....I din't think of it that way!! Wow.....I guess I would have 'paid them in full'. MMM..good point. Well.....thanks again. I appriciate any advice u may have for me.

sdchargers - what state are you in again?

Would they be able to sue after military service? I think it would also depend on the state's SOL for your debt and whether it had run out at that time.

That's the same question I was asking, KS...I'm not sure of the answer, though...

It seems to me that after you were discharged, if the SOL hadn't run on it, they might try to come after you. But I don't know - do you still have that protection as discharged personnel?

they have done the same thing to me many times a day everyday and each time i talk to them they say they have not talked to me . even if it was just 3 hour before and the same person. i called her out on that and she hung up on me ! i am now 2 payments behind due to job loss and they are threatening to go after my spouses wages which are not much, threatening to take personal property . they are unwilling to work out anything they refuse to modify the loan even for a short time all they say they can do is defeer 1 of the 2 payments and they have given me until the end of the month or they will or they will start arrbitration

Regarding Cash Call, I included them in my debt consolidation however they will still get their full payment. Unfortunately, because of when I signed up they did not get their payment on time and it did go past the 15th of the month. These people are just jerks. Everytime they call I file another complaint with the Attorney General in my state and CA. Also the Banking Commissioner and I have even gone so far as to send copies to First Bank and Trust. This is the bank that is on my loan papers with Cash Call. I have been doing this for the past couple of weeks. Then just to so they know I did this I fax them a copy of the complaint also. The collection tactics they are using with me are no where near what I have read about. They have said things to me like your account is now reg flagged and now we will not hesitate. When questioned what that means, they will not answer. I will say this again, this is the worst mistake I have made taking out this loan. Keep them accountable, file complaint after complaint with any agency you can think of.

[color=Red]
Amount Paid to Borrower Directly: $2,525.00

Prepaid Finance Charge/Origination Fee: $75.00

IF WE ALL GOT TOGETHER AND DID SOMETHING WE COULD MAKE IT STOP
I have been paying cash call for 1 year 1 month on a loan of 2,525.00 and will not be done paying it off until Oct 1, 2010 of a grand total of $9,163.37
ANNUAL PERCENTAGE RATE
The cost of my credit as a yearly rate
99.02 %
FINANCE CHARGE
The dollar amount the credit will cost me
$6,638.37
PAYMENT SCHEDULE
One payment of $285.88 on May 01, 2007.
40 monthly payments of $216.55 beginning on June 01, 2007.
One payment of $215.49 on October 01, 2010. :(
FOUND THIS ON THE WEB!!!
I am currently employed at CashCall right now as a collector. Although, They are not a collection agency...the collections department is approx. 500 strong and growing. This is the most illegal collection department that i have ever worked for. I have met people who have worked for Shekinah and NCO who now work at CashCall, and they say we are 10 times more illegal. Everyday it is hilarious hearing not just one but all collectors telling 3rd party's or whoever answers the line that they are from the sheriff's, attorney's, legal department, fraud department, court house, and investigation department. They threaten suit, garnishments, actually anything they can think of. The crazy part about it is that all the management knows and they are ok with it. The motto there is "Do what you have to get the money". so whether you are 30-60-90 days late ...you will get these threats guaranteed. I don't consider these guys good collectors they are just total thugs. As a collector myself i never thought i would say this, but i feel bad for the debtor..96% interest. is that even legal.. If you are a customer with CashCall and you are late as little as 30 days...record the phone call,,,you will have an instant lawsuit. "

the company fails to provide copies of contracts or other disclosures concerning the terms and conditions of the loan agreements. Many customers complain that they are being charged userous interest rates in violation of the State law in which they reside. Other complainants report harrassment in the form of extreme or hardcore collection practices which they claim are unnecessasarily used. Customers report the company makes repeated calls to friends and co-workers used as references causing them embarrassment, distress, and jeopordizing their employment. Other complainants allege company representatives treat them like criminals, use threats and rude remarks concerning their families, and threaten them with physical contact if payments are not received.

The company responds to complaints by disputing the complainants allegations, claiming they act in accordance with all state and federal regulations. In some cases, they do issue credits. Allegations of abusive collection tactics are generally not addressed. "

REPORT THEM TO THE ATTORNEY GENERAL AND TO THE FTC

Written by Jack, on 17-05-2008 03:57

I work for them. I know they are worried about lawsuits. Our company has allowed the reps and associates to harrass the *** out of you people. Now that there's changes being made because of the lawsuits all of the reps are being watched very closely. Im not trying to justify anything. Blame Louis Ochoa for letting this all go down. Our CUSTOMERS never should have treated this way. They deserve better. He did nothing while reps were harrassing customers and threatning the customers with lawsuits. Finally Paul Reddam steps in because he dosent want to pay anymore lawsuits from the customers. It's to late Reddam. Your employees hate working there because of people like Ochoa who they cant trust. You work them like slaves and treat them like dirt. And now you wonder why the customers feel harrased? Put that carrot out there that we work so hard for and now you act like you care about the customer? Never. He only cares about MONEY. On behalf of the GOOD employees who actually care about our customer, I appologize for what you have to go through. Record everything. Keep track of multiple calls. Always remember, there talk is cheap. They lie about everything.

[color=Red][/color][/color]

great info, can I ask where you found this?

I don't really beleive that is true - I think it's more like someone is posting it because they hate Cash Call.

Cash Call has a lot of eyes looking at it because of it's interest rates. If it's collection dept was really like that, they'd have been shut down already.

Also, as far as the contracts go, I got one at the start of my loan, and every time I asked for a copy it was promptly emailed to me.

I had a Cash Call loan that went into defualt, and I never experienced any of that. I did get a ton of calls, and people that were trying to apply a lot of pressure to pay, but nothing as blantantly illegal as is posted above. They toe the line of legal and illegal collection tactics, not flaunt their illegality.

Don't get me wrong, I hate Cash Call with a passion. But that stuff posted above just isn't true in my experience. They are an awful company to deal with, but they manage to toe the line of legal to stay open.

I found this also posted on some complaint boards - The exact post above. But I can't find where it is actually "posted on the web" . . . . Just where it has been reposted.

Thank Goudah, I actually searched on-line last night and found the post your referring to also...So far they have called me a few times a day and sent a deferrment offer this week, but other than that, they haven't been that bad...at least not yet:)

Well I hope that isn't true like Goudah said, because they WOULD have been out of business already! I also seen this post on other threads as well. On the other hand, I am still not a fan of CC though :roll:

Removed - Ads not allowed per TOS - Goudah

scam !!!!!

I just know that many state's are itching to close them down, and if the above were true, they'd have succeded already.

Hey, My husband and I were in the Marines. As we got out we moved across country. Yes the Marines paid us 4000 for the move and I was able to get a very nice place but my husbands new job wasn't going to start for 8 weeks thus with no pay coming in we jumped on the phone with cash call. We were given 2grand with in 24 hours then when my husband started his new job he was banking 8grand per month thus the payment was paid in full 12 weeks after getting the loan thus I only paid three payments. Yes I did pay a little interest but it worked for us knowing we could pay it back right away. I wish everyone lots of luck. The site does clearly state its a 99._% ApR rate on the loan =( I agree with everyone who is saying they should be shut down but as I stated above...IT HELPED US...they were also very sweet evey time I spoke with them and gladly excepted the pay off instead of some companies that will make a big deal about paying out that early and in full because in return they make little off of you...HOWEVER...we do know many others who have taken this loan and still paying on it =(

Jenn

so, i also got caught up in this mess.. i have been making my payments and have paid off more than my loan was and havent even made a dent in the principal. my payoff right now is more than my loan. i dont want to just $crew them, but i cant afford to pay this off and am not about to pay almost 10,000 for a 2600.00 loan.
now though, i checked for fun about applying for one of these loans in florida because i know PDL laws have changed here, and it says "sorry your home state is not supported"

anyway, does anyone know what this may mean if i "default" and they try to sue me?
and by default i mean, i want to pay off the loan but not at 96%

i know i got myself in this mess, but this is ridiculous, and after reading message after message about their collection tactics, i dont want these people to get one more penny from me than they deserve, which i already think they have reached that point

If a lawsuit is filed, what happens with our "loans"?  Are they considered paid in full?

I got a 2600 loan with them and made payments accordingly. They kept calling harrassing me night and day. One of their settlement personel called me and offered to settle the amount for balance owed, whiclh was 1300 dollars. After sending them this amount. Someone else called me from cash call requesting I send him 1300 dollars to pay off this loan. I told this guy I already paid this amount for payoff and he said he was unaware of this and demanded I send this money because my account was still open until I do this. I was so far in debt, I filed a BK.

Cash call buys illegal loans from their front. Western Sky. There is no Western Sky. Its all Cash Call. They are backed by a small FDIC bank in California but like here in Florida, If you pay the principal and close your acct adn open another. They can do absolutely NOTHING to you. I just went through this with these crooks. Borrowed 5K. Paid it off in less than 30 days but they still wanted the 500.00 interest payment on days that havent even past yet. I just stopped paying all together and told them in 2 wks you will have your principal and goodbye. They threatened to hurt my credit but they can not. They set up a dumby company (Western Sky) and then resale the loan to them selves as cash call. But its ALL cash call all along. They will be shut down very soon. There is a huge lawsuit getting ready to be served on them.

Peter, how do you know about a pending lawsuit?

I you file Chapter 13 will this stop Cash Call from calling every day and harassing your references? So far I have paid for 24 months over $6,980 to them for a $2,500 loan. They have more than made up for what they loaned me.

Yes it will stop they from calling....or should. Calling you would be a violation of the bankrutpcy stay.

Karobis - is your loan through Cash Call or was it originated with Western Sky? If it is through Western Sky they will try to bluff you because of the clause in their loan agreements. If you want to PM me I can get you information that will help you if it is a Western Sky originated loan.

Here are the guidelines for CT:
Connecticut Payday Loan Laws
State Legal Status Lending of payday loans are prohibited in the State of Connecticut.

Interest Rate Cap on Small Loans
30.03% APR or $17 per $100-$600
$11 per $100-$1,800
add-on interest
File your Complaint and get Information
Regulator - Connecticut Department of Banking
Address - 260 Constitution Plaza Hartford CT 06103
Phone - (860) 240-8299

Was your loan with Western Sky or Cash Call?

i live in connecticut, what are the laws here, does anyone know? if i stop paying, ive been paying for five years and still not done.

To live in GA - was the loan with Western Sky or Cash Call originally, Cash Call is more than likely just the servicing company. Payday lending is still illegal in GA -

Anyone have any advice to share with me regarding CashCall? I live in GA. Received a $1500.00 loan, only given $1000.00 ($500.00 was an originated fee) I have paid over $2200.00 buy Oct 2014 my total amount will be almost $5000.00. The interest is 149% with an annual rate of 233.59%. HELP! What can I do?

Anyone have any advice to share with me regarding CashCall? I live in GA. Received a $1500.00 loan, only given $1000.00 ($500.00 was an originated fee) I have paid over $2200.00 buy Oct 2014 my total amount will be almost $5000.00. The interest is 149% with an annual rate of 233.59%. HELP! What can I do?

payday lenders are illegal in the state of GA. Only morally responsible for paying back the original amount borrowed. On this site click on link on how to deal with illegal lenders, follow every step. Also register with the forum so that you can easily see answers to your posts.

Re Georgia Western Sky/Cash Call loans, your attorney general has filed suit against them. Contact Sam Olens' office and get instructions on what you need to do. See the following http://www.wtxl.com/news/ga-attorney-general-files-suit-against-payday-lenders/article_674f2f42-f864-11e2-a922-0019bb30f31a.html