Cash Call Excessively high interest rates, loan sharking, unfair and abusive collection practices Ripoff Fountain Valley California

My young son borrowed money from these loan sharks. He borrowed the money to do dental work and did not understand the meaning of 87% interest.He only has a GED and did not know what this would get him into. He borrowed $2,600 and made about 9+ payments of $200 and now they say he owes more then $2,700 plus additional fees and costs.

We've contacted Cash Call and tried to negotiate a pay-off for this loan and to date they have been unwilling to co-operate. Cash Call is rude, abbrasive and use borderline illegal harrassment collection practices according to the California Rosental Fair Debt Collection Practices Act.

In order to get some co-operation I have contacted the California Dept. of Corporations, which governs thier license to operate thier company as an unsecured finance lender. In addition I have contacted the Better Business Bureau and my local congressman. They are currently helping me get them to co-operate.I highly recommend that anyone having similar problems do the same. I also recomend you write to J Reddam, the President of Cash Call (a race horse owner and previously owned Ditech) and tell him how you feel about these abusive lending practices.
I look forward to seeing more rebuttals that talk about a class action suit to stopthese type of predatory lending practices

Tom M.
Upland, California
U.S.A.