• Report: #344967

Complaint Review: Cashcall

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  • Submitted: Friday, June 27, 2008
  • Last Posting: Tuesday, August 19, 2008
  • Reported By:Lansdowne Virginia
Cashcall
cashcall.com 1600 S Douglass Rd California 92806 U.S.A.

Cashcall Class Action Suit against Cash Call 1600 S Douglass Rd California


1Author 8Consumer 0Employee/Owner

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I received a loan from cash call about 3 yrs ago. When I finish paying the 84 payments I would have owe them $ 21,406.56, for a $5000 dollar loan. Thisis crazy, So I will join the fight and help with this class action suit against them. I am a paralegal, and I can talk to some lawyers to see if we can stop these loan shark for taking advantage of all of us.

HillWash
Lansdowne, Virginia
U.S.A.

This report was posted on Ripoff Report on 6/27/2008 9:50:07 AM and is a permanent record located here: http://www.ripoffreport.com/miscellaneous-companies/cashcall/cashcall-class-action-suit-aga-cb5fb.htm.

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REBUTTALS & REPLIES:
1Author 8Consumer 0Employee/Owner
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#1 Consumer Suggestion

You should know

AUTHOR: Robert - Buffalo (U.S.A.)

that to sue successfully you need to have grounds for the lawsuit, i.e. what law(s) are they violating with their interest rates.

FYI, a $5000 loan from them to Florida residents will require 84 payments of $294.50 which equals $24,738.

No one (to my knowledge) has been able to successfully sue them over the interest rates they charge for their loans.

What makes you think you can succeed where others have failed?
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#2 Consumer Comment

I will join

AUTHOR: In The Same Boat - Clayton (U.S.A.)

I will join any class action law suit against cashcall
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#3 Consumer Comment

I want to be part of your action.....

AUTHOR: Alma - Huntington Park (U.S.A.)

If you can find a lawyer I would be more than willing to be part of it... I am in the same boat.... I have already paid them more than 30,000 in a loan of 10,000....... I will stand and fight with you...
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#4 Consumer Suggestion

Class action for what???

AUTHOR: Robert - Buffalo (U.S.A.)

Someone please state what the BASIS of a class action lawsuit against Cash Call will be!
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#5 Consumer Comment

Some of You Crack Me Up

AUTHOR: Jim - Anaheim (U.S.A.)

I mean you read the paperwork, see the interest rate posted all over the damn place, and now you want to sue? The paralegal is the funniest one yet - I mean of all the idiots to get caught up in something that is ironclad legal - I mean it is not even pushing the envelope of illegality. No lawyer would take it.

If you don't want to pay the $21466, then pay off the current balance.
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#6 Consumer Comment

I dont get it.....

AUTHOR: Resty - Waunakee (U.S.A.)

You need money.
You presumably read the paperwork at this place.
You sign said paper work
You chat with representative while doing the above.
YOU TAKE THE MONEY.
YOU SPEND THE MONEY

NOW you dont like the interest rate and dont think you should have to pay it back.

WTF is up with that?

Ohhhhh yeah a class action will go a long way here....

Wake the hell up people......if ya dont like the interest rate.....#1) Dont go to them for money #2) Pay it off ASAP and avoid most of the interest
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#7 Consumer Suggestion

Un -Real!!!!!!

AUTHOR: Gerry - Richmond (U.S.A.)

You people seem to have all this time to rail against Cash Call, You would be better served to get a 2nd job and pay it off. You will never sue them,The contract is iron clad. Get some priorities in your life and you wouldnt need cash call.
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#8 Consumer Comment

I will join the class action

AUTHOR: Robert - Mesa (U.S.A.)

About two years ago I was up to my ears in past due bills and needed to find a way to consolidate those into one payment. I found cashcall and applied for the loan. The way the terms were explained to me is that I would be paying an interest rate 9.95%. When I got the loan papers in the mail, you had to sign electronically via their website I went over the papers again. To my astonishment the interest rate was not 9.95%, but 99.5%. It was too late to cancel the loan and I was stuck. I lost my very good paying job a couple of months later and fell into severe debt.

This is the problem with todays economy, and the way corporations keep us indebted to them. In David Cay Johnston's book Free Lunch he states that a generation ago these interest rates would be usury and can imprison people who charge these outrageous interest rates.

We have to go back to the source of this problem and that starts with our Congress and politicians, especially these neo-con Republicans or others have called them National Socialist Republicans who allow this nonsense to happen. Republicans love socialism, when it deals with their friends in the corporations and not you and me.

Really look at what has happened since Ronald Reagan's revolution, he was right Government is not the solution, Government is the problem and the problem is that we allow our congressmen and senators to be money whores to the big business and the upper 1% of America. When Ronald Reagan became President we had usury laws, I m not blaming President Reagan for this mess, I blame those who came to power in the Republican Revolution in 1994 who rewrote the bankruptcy laws, who started media consolidation, who deregulated industries (ala Phil Gramm and Enron) and allowed our national security to be in the hand of the Chinese and other foreign governments and cartels. That is the cold hard truth.

Those who advocated personal responsibility, how about advocating Corporate responsibility as well.
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