• Report: #598977

Complaint Review: CASH CALL, CashCall, Inc.

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  • Submitted: Sat, May 01, 2010
  • Updated: Thu, October 21, 2010

  • Reported By: Distraught — Atlanta Georgia United States of America
CASH CALL, CashCall, Inc.
Internet United States of America

CASH CALL, CashCall, Inc. predatory lenders / loan sharks / illegal lending practices, Internet

*Consumer Comment: Response to Rose's question.

*Consumer Comment: Cease and Desist will work with Cashcall

*General Comment: question for Jay

*Consumer Comment: Comment #2

*Consumer Comment: Help is on the way!!

*Consumer Comment: Possible answer for you

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I borrowed $5,000 and have never missed a payment of almost $250 per month.  Now, 3 years later, my balance is roughly $4,980.00.  I decided to do some research about this company named Cashcall and I came across this ripoff site.  There are so, so many complaints similar to mine, and there was a lawsuit filed in California which has now been settled against Cashcall.  There is also another lawsuit being filed in the State of West Virginia.  Does anyone know of a lawsuit being filed in Georgia? Would be interested in feedback from anyone interested in filing lawsuit in Georgia.  Georgia does have certain usury laws that protect its consumers.  One other thing:  my transaction was done over the Internet, and Cashcall was suppose to immediately e-mail me my contract upon approval.  What I received through e-mail was a bunch of scrambled garbage.  When I telephoned Cashcall to inquire about the contract that they sent me being scrambled with symbols and numbers, they said that they would send me a contract via U.S. mail.  I read on the Ripoff Report where the same thing problem of receiving scrambled garbage and sending contract via U.S. mail have happened to others.  Help!


This report was posted on Ripoff Report on 05/01/2010 12:19 PM and is a permanent record located here: http://www.ripoffreport.com/r/CASH-CALL-CashCall-Inc/internet/CASH-CALL-CashCall-Inc-predatory-lenders-loan-sharks-illegal-lending-practices-In-598977. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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Updates & Rebuttals

#1 Consumer Comment

Response to Rose's question.

AUTHOR: Jay - (USA)

Hi Rose,

Do you remember how you paid Cashcall, (ex. check, cashier's check)?  I called my credit union and they were able to go back 3 years in their database and send me a copy of the check. If you absolutely cannot show proof of payment then try this website for more answers, good luck and don't be afraid or discouraged!

 

http://www.debt-n-credit-letters.com/beat-collection-lawsuit.html

 

 

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#2 Consumer Comment

Cease and Desist will work with Cashcall

AUTHOR: Jay - (USA)

John from Tennessee , you are incorrect, a Cease and Desist letter works with Cashcall and ANY creditor.  I am speaking from actual experience of sending Cashcall a Cease and Desist letter.  As soon as they received it, the calls to family/friends and my job STOPPED immediately. Where are you getting your information from?  Have you ever sent Cashcall a Cease and Desist letter? Please verify your information before including it online and misinforming others.  I am very anal about researching all options!
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#3 General Comment

question for Jay

AUTHOR: rose - (United States of America)

Hello,

 I am being sued by Cash Call here in New Mexico, it has been a few years since I have paid them and I have moved and changed bank accounts since then. I have paid back the amount I borrowed, but they are still trying to sue me for $2500, I no longer have proof that I paid back what I borrowed, can the judge still force me to pay the $2500 that they are suing me for? Any advice would be appreciated.

Thanks!

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#4 Consumer Comment

Comment #2

AUTHOR: John - (U.S.A.)

FYI:
CashCall is not a collection agency. It is the primary lender. FDCPA cease communications will not apply to them.
- The way out of deliberately defaulting and forcing your account into court to get a judgment is a radical step. Try to exhaust all over methods of paying before you do this. A judgment never looks good on your credit report.
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#5 Consumer Comment

Help is on the way!!

AUTHOR: Jay - (USA)

I to was victimized by "CashCrooks", I noticed others on this site giving their opinion about how people should not take out loans if they are not responsible enough to repay them. Well, in a perfect world none of us would do things that we know aren't in our best interest including you critics!!  Get over it, it's done already.  The only advice you can give going forward is positive feed back instead of more crap!  I have the best solution for anyone who has been ripped off by Cashcall.  I just went to court yesterday 10/04/2010 and the judge granted a "motion to vacate" in my favor due to the illegal practices that this company used.  This is what I suggest; you obviously took out a loan with Cashcall because you had no other option and your credit was already in the dumps.

 

#1- "STOP" paying them!!  I did about 2 years ago.

#2- Send Cashcall a Cease and Desist letter, I have included a link to a sample letter.

http://www.bendover.com/adiosbottomfeeder.asp

#3- Once they receive this letter the ONLY way they can continue to contact you is through one final notice letting you know that they plan to take you to small claims court to sue you.  DO NOT be alarmed.  The law states that you can only be sued for $2500.00 maximum in small claims court.  You then have the opportunity to go to court and present the amount that you have already paid them versus the original loan amount.  This will automatically end the outrageous finance charge that they wanted you to pay.

#4- The judge will either have you pay the entire $2500.00 (in scheduled payments) or only hold you liable for the $2500.00 minus what you can prove you have already paid.  Example, I owed $2525.00 originally, I paid $653.03 leaving a balance of $1871.97 plus a $100.00 court fee that they asked the judge to make me pay.  Either way, all they receive is the original loan amount that you borrowed. 

You may be wondering if this will look bad on your credit, it doesn't hold any more value than a charge off or negative mark (which you probably already have) that will disappear in 7 years anyways!

Stop listening to negative critics on this site, I actually wonder who these people are, think about it; if Cashcall doesn't directly affect you then why would you be on this site giving your opinion UNLESS you are working for CashCall, get a life and good luck to all of the Cashcall victims!!!!

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#6 Consumer Comment

Possible answer for you

AUTHOR: Robert - (USA)

The legallity of cash call loans in Georgia was posted about in length in this ROR (# 289908):

http://www.ripoffreport.com/cash-services/cash-call/cash-callc-i-took-out-a-loan-w-67523.htm

(see the rebuttals I posted to the above ROR.)

At that time, the author of that report did not file a complaint with the Georgia Department of Banking and Finance as I suggested.  At that time, I did not find any Georgia Statute that would forbid First Bank of Delaware from granting these loans at ridiculous interest rates.

I suggest YOU file a formal written complaint with the Georgia DBF and request a written reply (include a SASE)-this should get you a definitive answer.

Since that report, some States Attorney General have sued CC for skirting State usury laws (cash call would BUY the loan from First Bank of Deleware 3 days after FBOD granted the loan.)  I don't know if Georgia followed suit.

If you file a written complaint with the Georgia DBF, PLEASE POST any reply the DBF sends you.

Good luck to you.

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