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  • Report: #261827

Complaint Review: Cash Call

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  • Submitted: Thu, July 19, 2007
  • Updated: Thu, August 16, 2007

  • Reported By:Miami Beach Florida
Cash Call
P.O. Box 66007 Anaheim, California U.S.A.

Cash Call Have been paying well over a year for a loan of $2,500.00 Now unemployed and they are giving me the shaft Ripoff Anaheim California

*Consumer Suggestion: Consult an attorney

*Author of original report: Cash Call, Fountain Valley, California

*Consumer Comment: Amortizing calculator

*Consumer Suggestion: Come ON people!

*Consumer Suggestion: Come ON people!

*Consumer Comment: FYI

*Author of original report: Need some advise from someone going through the same crap with this Cash Call, Inc. Anaheim, CA

*Consumer Comment: Good point Tim

*Consumer Suggestion: not so quick

*Consumer Suggestion: Read the FDCPA

*Consumer Comment: CashCall is breaking the Federal Collections Practice Act, and they are a predatory lender (((email address at end for class action)))

*Consumer Comment: CashCall is breaking the Federal Collections Practice Act, and they are a predatory lender (((email address at end for class action)))

*Consumer Comment: CashCall is breaking the Federal Collections Practice Act, and they are a predatory lender (((email address at end for class action)))

*Consumer Suggestion: Don't even talk to them!

*Author of original report: Cash Call, Anaheim, California. I was just told, no one will give me money to pay these crooks.

*Consumer Suggestion: question

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I took out a loan with Cash Call, Inc., well over a year ago, for $2,500. Have paid them $216 a month like forever. I am recently unemployed and was threatened by them last month, if I did not pay the payment, I would have to suffer the consequences. So, I borrowed from my friends the payment and money grammed it to them. Now this month, I called them to ask how I could pay this payment, I had no money, I am unemployed. I was told I was deliquent and that I would have to borrow to pay the $216. I informed them, that I am running out of friends and I cannot keep asking them to pay for something that has been paid probably by now twice.

I am so sorry that I ever got a loan with these ripoffs and am in desperate need of some kind of help. I, myself have no money and my husband is footing all the bills, he has no more to give me or we will be in the street, homeless.

Something needs to be done about these people with their 99.98% interest fee. I am in desperate need of help, and at my wits end. I was told that for this month, I should at least send $100, I keep asking myself, where am I going to even get this? HELP!

Discusted55
Miami Beach, Florida
U.S.A.

This report was posted on Ripoff Report on 07/19/2007 08:02 AM and is a permanent record located here: http://www.ripoffreport.com/r/Cash-Call/Anaheim-California-33141/Cash-Call-Have-been-paying-well-over-a-year-for-a-loan-of-250000-Now-unemployed-and-the-261827. 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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#1 Consumer Suggestion

Consult an attorney

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

You do paint a very bleak picture.

Unfortunately, their usurious loans are legal in all but 5 states. You took out the loan and now they are going to hold you to the contract to pay it back, including all interest and "late" fees and penalties.

You should consider a consultation with an attorney in your area who is experienced with bankruptcy, either Chapter 7 or Chapter 13.

As to garnishing your wages. You are mistaken. The IRS is one of the few government agencies that can garnish wages WITHOUT a court order.

Others who you owe money to may sue you in civil court for a money judgement. Once they are granted a money judgement against you, they may do any of the following:

1. Request a court enforcement order to your employer to garnish your wages - the COURT orders your employer to withold a portion of your wages and pay it to them, and your employer will comply with this if so ordered.

2. Request a court enforcement order to your bank to obtain money from your bank account(s) - the COURT orders your bank to withdrawl money from your bank account(s) and pay it to them. Note, garnishments vary from state to state, here in NY, a garnishment can be in effect for up to 20 years - the statute of limitations for a money judgement.

3. Request a lien against your personal (car, boat, ATV, etc.) property or any real property you have an interest in (home, condo and so forth.) They may become a lien holder on your car or home, etc.

4. Request a levy against any STATE income tax return funds you may be owed. Many states will do this if the court order is from a court within that state. NY State allows this.

5. Request an enforcement order to the State Lottery so that if you win, they will be paid from the Lottery before you are. This can be done in NY state.

5. Hire a collection agency to attempt to collect the loan.

6. Continue to attempt to collect - contact you about repayment.

7. Report to the credit bureaus a non-paid judgement against you.

Also note that if they sue you in court, most courts will add to the judgement the court fees (filing, service, etc) and possibly reasonable legal fees. In otherwords, it is most likely that any money judgement they win will be for an amount greater than what you currently owe.

It may very well be time for you to seek bankruptcy protection, but you should consult with an attorney to determine what course of action would be best for you under your current circumstances. The sooner the better!
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#2 Author of original report

Cash Call, Fountain Valley, California

AUTHOR: Discusted55 - (U.S.A.)

I am receiving harrassing phone calls 7 days a week, yes even on Sundays. The last time I spoke with a representative was approx. two weeks ago, and I have not answered them since. I am still unemployed, but will be starting a new job next week. They told me recently that I am being charged $6.95 a day for no payment. They demanded that I pay the $216 and that I should in other words rob and steal to get the money. I have no more friends that will loan me money, not even my boyfriend will give money for these crooks. So I go on for the second month of not being able to pay, I have no money to do so.

When I do begin to work, I will still be short, since I have nothing in my bank account and my rent is due for 2 months also, along with other bills that have piled up, my hands are tied. But these people do not understand that people fall apon hard times?

If anyone out there can tell me what I can do, it would be appreciated. Should I bankrupt them or go into consolidation. My main question is how can they garnish my wages, I thought that only the IRS could do that. Besides if they do such a thing, the person they are garnishing the wages, I am certain will not continue to work to pay CASH CALL, I will not become a criminal to pay these crooks, which they think a person will do anything to pay them, well I won't, I am sorry, I paid them well over what I borrowed and there has to be some way something can be done about these rip offs that abuse their customers with threats and phone calls day and night and ongoing fees that a person with no money can pay. Can anyone out there give me any ideas how to save myself from becoming a homeless person? I appreciate all feedback...
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#3 Consumer Comment

Amortizing calculator

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

I too, have been intrigued by the usurious loans that CC makes.

Actually, when I check their loan offerings on their website with an amortizing calculator at bizrate - it checks out!

a 42 month $2600 loan is paid off in 3 1/2 years IF you follow their schedule and IF you are NEVER LATE or MISS A PAYMENT.

If you follow the schedule on time, everytime, the loan will be paid off as scheduled. As soon as you are late or miss a payment, it's the "march of the late fees" and I think that's what folks get in trouble with.

Your statement that the loan will never be paid is mistaken. Check the CC website rates and run the loan thru the calculator on bizrate. I've done this a few times and the entire amortization table works out as the advertise.
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#4 Consumer Suggestion

Come ON people!

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

Can someone explain to me why it's the government's responsibility to cover for some people's lack of common sense? Why would anyone want the government to run every facet of life? Is this nation becoming a nation of sheep? The liberal mantra that the government is only for the wealthy is getting old and boring.

I'm a high school educated technician with an annual income of less than 50K. I am paying less in income taxes now than I was ten years ago when my income was less. it's called income tax reductions that the government came up with. I now have more of my own money in my pocket. Oh, I forgot, the government is only for the wealthy.

The first time I became aware of the company called CashCall was from a commercial on tv that features the actor Gary Coleman. The thing that immediately jumped out at me on that commercial was the fine print at the bottom of the screen that plainly states their interest rate is 99.25%.

I was simply amazed. Could anyone really fall for this? You CANNOT repay a loan at that interest rate by making monthly payments. PERIOD. Anyone will simple math skills can reach this conclusion immediately.

Folks, there is too much information available in the world to fall for this company's tactics. Rate calculators are readily available on the internet.

Sure this is a scam company, but to call it predatory is not valid as no one at all twisted anyone's arm to sign their name on the dotted line! Anytime I applied for a loan from anywhere the terms were spelled out on the contract that I put my signature on. Does CashCall's contract leave these terms out? Common sense prevails.

Hard times? I've been there and done that. I know what it's all about. But there's too many alternative sources available to get help from if one will simply take the time to look for them and consider the pros and cons of any help being considered. To get help from a company such as CashCall isn't necessary at all.

This website exists to educate readers on scam tactics employed by companies such as CashCall, so the word IS getting out. But we as readers need to tell everyone we can about the knowledge gained here through the unfortunate experiences of others.

At the same time, we need to use some common sense in our lives and quit this dependence on the government to tell us how/what to do. Those of us with children certainly need to provide them with common sense education. How many high schools require courses in basic economics? The keyword is REQUIRE. Since many don't, then it's up to us as parents to provide the basics. We are failing them if we don't take the time to do this.
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#5 Consumer Suggestion

Come ON people!

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

Can someone explain to me why it's the government's responsibility to cover for some people's lack of common sense? Why would anyone want the government to run every facet of life? Is this nation becoming a nation of sheep? The liberal mantra that the government is only for the wealthy is getting old and boring.

I'm a high school educated technician with an annual income of less than 50K. I am paying less in income taxes now than I was ten years ago when my income was less. it's called income tax reductions that the government came up with. I now have more of my own money in my pocket. Oh, I forgot, the government is only for the wealthy.

The first time I became aware of the company called CashCall was from a commercial on tv that features the actor Gary Coleman. The thing that immediately jumped out at me on that commercial was the fine print at the bottom of the screen that plainly states their interest rate is 99.25%.

I was simply amazed. Could anyone really fall for this? You CANNOT repay a loan at that interest rate by making monthly payments. PERIOD. Anyone will simple math skills can reach this conclusion immediately.

Folks, there is too much information available in the world to fall for this company's tactics. Rate calculators are readily available on the internet.

Sure this is a scam company, but to call it predatory is not valid as no one at all twisted anyone's arm to sign their name on the dotted line! Anytime I applied for a loan from anywhere the terms were spelled out on the contract that I put my signature on. Does CashCall's contract leave these terms out? Common sense prevails.

Hard times? I've been there and done that. I know what it's all about. But there's too many alternative sources available to get help from if one will simply take the time to look for them and consider the pros and cons of any help being considered. To get help from a company such as CashCall isn't necessary at all.

This website exists to educate readers on scam tactics employed by companies such as CashCall, so the word IS getting out. But we as readers need to tell everyone we can about the knowledge gained here through the unfortunate experiences of others.

At the same time, we need to use some common sense in our lives and quit this dependence on the government to tell us how/what to do. Those of us with children certainly need to provide them with common sense education. How many high schools require courses in basic economics? The keyword is REQUIRE. Since many don't, then it's up to us as parents to provide the basics. We are failing them if we don't take the time to do this.
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#6 Consumer Comment

FYI

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

isn't there anything anyone can do about this ripoff company?
================
They may be a ripoff but sadly their business model legal. This nation has basically discarded the concept of "usury." The sky's the limit on interest rates. The real problem is national. our government has been hijacked by corporate cronies who only care about those at the top and not those at the bottom.

We have a government that is now for the wealthiest Americans. Wealthy Americans do not need to use CashCall. What happens to those at the bottom doesn't matter to those at the top. Until the day that we take back what's left of our democracy, sleazy firms like CashCall will continue to operate and take advantage of the working poor.
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#7 Author of original report

Need some advise from someone going through the same crap with this Cash Call, Inc. Anaheim, CA

AUTHOR: Discusted55 - (U.S.A.)

Okay, I have been going through hell and high water to get a job, I finally got one today.......But, I need to catch up with my rent and other bills, that some fine people are giving me a break, more so than I can say for Cash Call.

Don't let me be wrong and lie, Cash Call has not even called me once, YET! But, what I need to know is how long can I wait to pay them, I am so far behind with everything, it will take me a while to catch up. The only thing that I am pissed off about is that I paid them already what I owed and by now, it's tripled. That just isn't right, isn't there anything anyone can do about this ripoff company?

Can I wait like a month or so to pay? When will they garnish my wages? I do plan on paying them, but paying my rent, is more important with my first check, along with electricity.
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#8 Consumer Comment

Good point Tim

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

Good point.

The question in Florida is WHO is making the calls trying to collect?

If it is Cash Call employees calling folks, the FDCPA may very well apply to them. If it's First Bank of Deleware employees then the FDCPA clearly doesn't apply.

The FDCPA lists many exemptions from the FDCPA, folks in Florida should read this carefully and then determine what type of relationship CC has with First Bank:

803. Definitions [15 USC 1692a]
As used in this title --
(1) The term "Commission" means the Federal Trade Commission.
(2) The term "communication" means the conveying of information regarding a debt directly or indirectly to any person through any medium.
(3) The term "consumer" means any natural person obligated or allegedly obligated to pay any debt.
(4) The term "creditor" means any person who offers or extends credit creating a debt or to whom a debt is owed, but such term does not include any person to the extent that he receives an assignment or transfer of a debt in default solely for the purpose of facilitating collection of such debt for another.
(5) The term "debt" means any obligation or alleged obligation of a consumer to pay money arising out of a transaction in which the money, property, insurance or services which are the subject of the transaction are primarily for personal, family, or household purposes, whether or not such obligation has been reduced to judgment.
(6) The term "debt collector" means any person who uses any instrumentality of interstate commerce or the mails in any business the principal purpose of which is the collection of any debts, or who regularly collects or attempts to collect, directly or indirectly, debts owed or due or asserted to be owed or due another. Notwithstanding the exclusion provided by clause (F) of the last sentence of this paragraph, the term includes any creditor who, in the process of collecting his own debts, uses any name other than his own which would indicate that a third person is collecting or attempting to collect such debts. For the purpose of section 808(6), such term also includes any person who uses any instrumentality of interstate commerce or the mails in any business the principal purpose of which is the enforcement of security interests. The term does not include --
(A) any officer or employee of a creditor while, in the name of the creditor, collecting debts for such creditor;
(B) any person while acting as a debt collector for another person, both of whom are related by common ownership or affiliated by corporate control, if the person acting as a debt collector does so only for persons to whom it is so related or affiliated and if the principal business of such person is not the
collection of debts;
(C) any officer or employee of the United States or any State to the extent that collecting or attempting to collect any debt is in the performance of his official duties;
(D) any person while serving or attempting to serve legal process on any other person in connection with the judicial enforcement of any debt;
(E) any nonprofit organization which, at the request of consumers, performs bona fide consumer credit counseling and assists consumers in the liquidation of their debts by receiving payments from such consumers and distributing such amounts to creditors; and
(F) any person collecting or attempting to collect any debt owed or due or asserted to be owed or due another to the extent such activity (i) is incidental to a bona fide fiduciary obligation or a bona fide escrow arrangement; (ii) concerns a debt which was originated by such person; (iii) concerns a debt which was not in default at the time it was obtained by such person; or (iv) concerns a debt obtained by such person as a secured party in a commercial credit transaction involving the creditor.

Please note paragraph (B) above. This may be the loophole used by CC to be exempt from the FDCPA. Seems to me that if both companies have the relationship described in paragraph (B), then presto, once again CC has covered its butt and is exempt from the FDCPA.

Remember, CC is not a collection business, it's a creditor business. I think this is most likely the loophole that let's them off the FDCPA hook. I say this because CC has been in business several years now, and I would have expected some State AG or wildfire lawfirm to have gone after them by now if indeed CC employees are calling folks in FL and the FDCPA looks apon this action as third party.

Seems to me that the applicability of the FDCPA to CC Florida clients hinges on the formal, documented business relationship between CC and First Bank of Deleware.

I don't know exactly what that relationship is, but if I were a CC client in Florida (or the other states where CC loans are underwritten by First Bank) I would certainly invest my time into researching that relationships - both companies are publicly traded, so such documents should be online with the SEC and other regulatory agencies.
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#9 Consumer Suggestion

not so quick

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

In most states, Cash call is the "marketing Agent" for 1st bank of delaware, since cash call is collecting for "1st bank of delaware" FDCPA does apply.
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#10 Consumer Suggestion

Read the FDCPA

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

Stuart, please read the FDCPA.

Cash Call is a CREDITOR (money lender) and the FDCPA does not apply to them because they are a first party collector when they attempt to collect. If they were to hire a collection agency to collect the debt, then the collection agency (third party) would have to follow the FDCPA.

Example: Cash Call does not fall under the FDCPA any more than YOU WOULD if you were trying to collect the $100 I still owe you for the lawnmower I bought at your garage sale. When YOU call me or my family trying to get that $100 I owe you, you are acting as a CREDITOR (first party) collector as described in the definition section of the FDCPA.

Cash Call may be violating some law but the FDCPA is NOT IT. It is important to understand that, in the eyes of the law, CC is not a DEBT COLLECTOR (collection agency) any more than you would be (trying to get the money I owe you) because they are attempting to collect the money owed to THEM (or YOU.)

Folks cannot sue CC for violating the FDCPA because the FDCPA doesn't apply to them. I could not sue you for violating the FDCPA because you call me and my family several times to collect the money I owe you - the FDCPA does not apply to you because you (as Cash Call) is a "first party" collector when you attempt to collect the money I owe you.

Again, please read the entire FDCPA.
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#11 Consumer Comment

CashCall is breaking the Federal Collections Practice Act, and they are a predatory lender (((email address at end for class action)))

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

Ok, I am in the banking business, I am a banker for a very reputable bank, one that does not practice predatory lending tactics as we call it in the business. Companies have been sued in the past for these sorts of practices. Such companies include Ameriquest. The point is that all the people that have fallen victim to CashCall's tactics need to band together and find a lawyer who will be willing to file a class action lawsuit against these crooks who feed off of people's misfortunes. Before I was a banker and knew better unfortunately I too got a loan from these people. I fell upon hard times, divorce etc and was unable to pay. Naturally CashCall began to try and collect on the loan, which is their right.

However they broke some key laws that are described in the Federal Debt Collection Practices Act. Under a consumer's rights a consumer can tell any company to cease all collection efforts and short of a lawsuit the company has to comply, I did this. CashCall refused to honor my request and continued to collect, calling my place of employment and threating my co-workers which is also highly illegal under the FDCPA.

When I told them again to cease calling me at work, they once again ignored me and in fact three hours later they called me again at work. When I informed them that they were breaking the law, they just said "ohwell, it was not done on purpose, so we are not breaking the law" it was done on purpose that is why my coworkers heard me tell the company not to call me at work! I am working with an attorney to sue them for their lack of respect for the law.

The main point I am making is that this company's ownership consists of a gentlemen who used to own part of Lending Tree.com and was kicked off his own board for being too predatory and practicing unscrupulous business tactics. Has anyone been threatened by this company? This is also illegal under the FDCPA.
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#12 Consumer Comment

CashCall is breaking the Federal Collections Practice Act, and they are a predatory lender (((email address at end for class action)))

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

Ok, I am in the banking business, I am a banker for a very reputable bank, one that does not practice predatory lending tactics as we call it in the business. Companies have been sued in the past for these sorts of practices. Such companies include Ameriquest. The point is that all the people that have fallen victim to CashCall's tactics need to band together and find a lawyer who will be willing to file a class action lawsuit against these crooks who feed off of people's misfortunes. Before I was a banker and knew better unfortunately I too got a loan from these people. I fell upon hard times, divorce etc and was unable to pay. Naturally CashCall began to try and collect on the loan, which is their right.

However they broke some key laws that are described in the Federal Debt Collection Practices Act. Under a consumer's rights a consumer can tell any company to cease all collection efforts and short of a lawsuit the company has to comply, I did this. CashCall refused to honor my request and continued to collect, calling my place of employment and threating my co-workers which is also highly illegal under the FDCPA.

When I told them again to cease calling me at work, they once again ignored me and in fact three hours later they called me again at work. When I informed them that they were breaking the law, they just said "ohwell, it was not done on purpose, so we are not breaking the law" it was done on purpose that is why my coworkers heard me tell the company not to call me at work! I am working with an attorney to sue them for their lack of respect for the law.

The main point I am making is that this company's ownership consists of a gentlemen who used to own part of Lending Tree.com and was kicked off his own board for being too predatory and practicing unscrupulous business tactics. Has anyone been threatened by this company? This is also illegal under the FDCPA.
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#13 Consumer Comment

CashCall is breaking the Federal Collections Practice Act, and they are a predatory lender (((email address at end for class action)))

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

Ok, I am in the banking business, I am a banker for a very reputable bank, one that does not practice predatory lending tactics as we call it in the business. Companies have been sued in the past for these sorts of practices. Such companies include Ameriquest. The point is that all the people that have fallen victim to CashCall's tactics need to band together and find a lawyer who will be willing to file a class action lawsuit against these crooks who feed off of people's misfortunes. Before I was a banker and knew better unfortunately I too got a loan from these people. I fell upon hard times, divorce etc and was unable to pay. Naturally CashCall began to try and collect on the loan, which is their right.

However they broke some key laws that are described in the Federal Debt Collection Practices Act. Under a consumer's rights a consumer can tell any company to cease all collection efforts and short of a lawsuit the company has to comply, I did this. CashCall refused to honor my request and continued to collect, calling my place of employment and threating my co-workers which is also highly illegal under the FDCPA.

When I told them again to cease calling me at work, they once again ignored me and in fact three hours later they called me again at work. When I informed them that they were breaking the law, they just said "ohwell, it was not done on purpose, so we are not breaking the law" it was done on purpose that is why my coworkers heard me tell the company not to call me at work! I am working with an attorney to sue them for their lack of respect for the law.

The main point I am making is that this company's ownership consists of a gentlemen who used to own part of Lending Tree.com and was kicked off his own board for being too predatory and practicing unscrupulous business tactics. Has anyone been threatened by this company? This is also illegal under the FDCPA.
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#14 Consumer Suggestion

Don't even talk to them!

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

There is absolutely nothing they can do to you. Next time they call, just tell them to F**k off and die. You don't have to be threatened by anyone.

Close any bank accounts they have the information on, and change your phone number to an unlisted one.

Then, when and if you are able and willing to pay them, use a money order only.

These people are lowlife creeps and should be avoided.
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#15 Author of original report

Cash Call, Anaheim, California. I was just told, no one will give me money to pay these crooks.

AUTHOR: Discusted55 - (U.S.A.)

I asked a few friends to help me with my loan with Cash Call. I told them the whole story, that I have been paying and paying and paying and still owe more than I borrowed. They just looked at me as though I was the stupidess person they ever saw, yes I am, to let these crooks take everything I have, while I am unemployed and without money.

I cannot pay, until I get employment, I have been refused by my family and my friends, who all say "F" them, they are crooks and need to be in jail, better yet under the jail.
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#16 Consumer Suggestion

question

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

Im sorry to hear of your situation, have you thought about bankruptcy?
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