O.K. Look, people alot of us have taken out a loan by these people for various reasons. Most of them were done beacuse we were desperate. Wrong reason to take out ANY type of loan. I too, was the unfortunate "misfit" who contacted these people under desperation for a $2600 loan. Everything I did was over the phone, so I do not recall being informed of a 98 or 99% interest rate on this loan. Nor, do I recall signing anything. I took out the loan in 2006. My payments were to be $213.55 per month. I was paying faithfully on this loan for about a year. Then, I came into some financial hardship, and was unable to make regular payments. They, (cash call) began calling me for they payments. I explained the situation to them, and asked for help with making the payments. They were not willing to work with me at all.
Upon receiving many threatening phone calls at my place of employment, on my cell phone, and at home, I called them back. The woman that was contacting me was out fornothing less than blood. She was looking to rip every part of my body off piece by piece. She was horrible! I ended up speaking to someone in August of 2007 in their so called "legal" department. Their legal department informed me that if I did not make arrangement to pay, that they would be "serving" me at my place of employment. They offered me a settlement amount of $1462.99. My payments were to be $243.83 per month for it looked like 6 months. Under duress, I agreed to make these payments. I asked at the time, if I were uable to make the whole payment of $243.83 for a particular month, if I could possible make partial payment at any time, and then make up the rest of what was not paid in the next months payment. I had explained that this was going to cause me a real financial hardship, and I did not know if I would be able to make those payments for the next 6 months. The gentlman I spoke to about all of this said that he did not know if any partial payment arrangements could be made, but if I came across that at any time, I could talk to the manager of the department, and he could make that determination.
So... I began makeing the payments of $243.83 and came across a financial hardship about 2-3 months into paying this loan back. I contacted cash call, explained the situation, and was forwarded to a Richard Page. He supposedly was the manager of their "legal" department. I explained that I was going to have a hard time making my orginal payment of $243.83, and asked if I could make a partial payment on that month, and then the next month, make a regular payment, and make up the difference from the month prior. He said yes, that i could, and gave me the amount I was to pay for the current month, and then gave me the amount which I was to pay the next month. I had to do this 2-3 times during the corse of repayment, and all of these transactions were apprved by Richard Page.
I ended up paying off the balance of the $1462.99 on February 15, 2008. According to the 6 month plan, I should have had it paid off by the end of January, as I had made arrangements for all of my payments to me made at the end of each month. I went 2 weeks beyond the 6 month period, but like I said, everything was approved by Richard Page. I even received an e-mail from Richard Page, stating that once the $1462.99 was paid, that this loan would be paid in full. All of my payments were made by money gram, and to this day, I have every copy of what was paid to these people. Well...once i had made the last payment, I contacted Richard Page to report the payment, and he said that I was paid in full. I said good, now can I get that in writing?. What I was aking for was a settlement letter to be MAILED to me.
Richard stated that it would take 7-10 days to get that letter to me, but that it would be done. Well..... naturally, 7-10 days came and went, and I even woited a couple of weeks beyond that, and I contacted Richard Page again. I gave him my info, and asked about the settlement letter again. He put me on hold, and I was transferred to someone named Ms. Devine. I explained the situation to her, and she looked up my info and looked at the notes and said "yes, your loan is paid in full". I then asked her for another settlement letter to be sent to me, and she stated that one would be mailed to me. In April of 2008, I was contacted by someone named Ruben from cah call. He stated that I owed them $3400. and that I would need to make payment arrangements or they were going to take me to court.
I asked him if he had been smoking something illegal, because I had already made payments on a prior settlement agreement with his company, and the amount had been paid off in February 2008. I referred him to Richard Page. He stated that he had contacted Richard Page, and that Richard said that because I did not pay off the full amount in 6 months, that the payments I had made did not count. I was furious!! I was then cdonvinced that this man, (Ruben) was clearly taking something illegal, and he was not in his right mind. Under extreme duress, (as I was being threatened by court again) I agreed to pay back asettlement amount of $1470.00 over the next 6 months. My payments this time were to be $245.00 a month. I asked Ruben to send me the orginal contract, (the one I supposedly signed, because they were saying that I had a signed contract with them) and the current settlement agreement be sent to me as well. Ruben stated that after I made the first payment of $245.00 then those things would be mailed to me. I made the first payment my money gram of $245.00, waited for these contracts for about 10 days, realized that they were not coming.
Decided at that time, to not make any further payments to these CROOKS, and sent them a letter stating to them that they are not to contact me at my home, work, or contact any other people that know me. I also stated that i would not be sending them another dime, as I had already paid them, and that they were nothing but CROOKS! I also stated that if I heard anything from them via, letter, internet, or phone that I was going to hire an attorney. I have not heard another word from them since April 2008. And...I have alos filed a complaint with the Attorney General's office in my state, and they are being investigated at this time. I have not been notified of the outcome as of yet, since the claim is still fairly new. Hopefully, they will be able to do something, or if not, they will instruct me to do something, like hire an attorney to sue these people.
LESSON LEARNED: Do not ever,ever borrow money from someone because you are desperate. These people are like leaches, they suck every ounce of blood from you, and keep coming back for more!
AND...to those of you who think you know the law, and are stating that these people have done nothing wrong, and are right for doing what they do, YOU ARE FULL OF CRAP!! Maybe, you are the ones who need to do some real research, and check into what the law really allows people like this to do!