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Report: #278287

Complaint Review: Cash Call - Anahiem California

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  • Reported By: Cypress California
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  • Cash Call Anahiem California Anahiem, California U.S.A.

Cash Call Hidden Fact that it is a deadly simple interest rate and accumlates daily interest Anahiem California

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Due to loss of thousands of dollars of profit sharing at the mortgage company I work for and pending divorce and countless other unforseen situations, I took a loan out of desperation. I admit I should have been much more careful. But I honestly had no idea it was a simple interest loan.
Due to the fact that you cant make payments when it is convenient for you I have been late twice and paid heavy fines. Despite that I borrowered $5,000 dollars over a year ago and have paid $250.00 faithly each month all that time. I now owe $5,660.00.
Please do not take a loan with them, unless you know you can pay it off within a few months. I thought I was going to be able to get some other money and due just that, but those plans fell through and now I am hopelessly floundering in debt with this insane loan which has only worsened matters.
I am praying that someone will put them out of business and I would love to join a class action suite. I plan to contact the attorney general in regard to what is absolutely the worse loan I have ever made. Sheer and utter predatory lending. I am so ashamed that I didnt read the fine print regarding the simple interest feature. As many people do, I was rushing for a fix for a very nasty financial sitution and now will be paying the price for a very long time.

Nickie black
Cypress, California
U.S.A.

This report was posted on Ripoff Report on 10/10/2007 06:52 PM and is a permanent record located here: https://www.ripoffreport.com/reports/cash-call/anahiem-california-92801/cash-call-hidden-fact-that-it-is-a-deadly-simple-interest-rate-and-accumlates-daily-intere-278287. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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