Complaint Review: CASH CALL LOANS - FOUNTAIN VALLEY California
Ripoff Report on CBS 19
Ripoff Report on CBS 19 - Global Marketing Alliance
Ripoff Report on ABC 15 - Smart Shopper
Ripoff Report - Girls Gone Wild
Ripoff Report on Fox 11 - Car Repair
- Author Confirmed
- CASH CALL LOANS 17360 BROOKHURST STREET FOUNTAIN VALLEY, California U.S.A.
- Phone: 949-752-4600
- Web:
- Category: Cash Services
CASH CALL LOANS BIGGEST RIP OFF IN CALIF. FOUNTAIN VALLEY California
*Consumer Comment: The loan is broken down for you
*Consumer Comment: you signed it
*Consumer Suggestion: IF you made all your payments
*Consumer Comment: CashCall's very high interest rates are posted for everyone to see.
Show customers why they should trust your business over your competitors...
I made the big mistake of borrowing 2500.00 from these rip off artists 2 yrs ago. I have been paying them $216.00 a month for the last 24 months which is $5184.00.Over twice as much as I borrowed.I called them yesterday to ask for payoff imformation and I could not believe what they told me.
They said my payoff would be $2272.82. So that means after paying over 2 times as much as i borrowed my principal had only went down $227.18 I can't believe that could be legal in this state.I don't want to give these rip offs anymore money but I don't want to screw up my credit.I would appreciate any advise on what I can do.
DANNY
BAKERSFIELD, California
U.S.A.
This report was posted on Ripoff Report on 06/07/2008 03:33 PM and is a permanent record located here: https://www.ripoffreport.com/reports/cash-call-loans/fountain-valley-california-92708/cash-call-loans-biggest-rip-off-in-calif-fountain-valley-california-338096. 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
If you would like to see more Rip-off Reports on this company/individual, search here:
#4 Consumer Comment
The loan is broken down for you
AUTHOR: Kathryn - (U.S.A.)
SUBMITTED: Wednesday, June 18, 2008
I took out a loan with cash call in January for 1000.00. When I go on the website it says that my interest rate is 48% and it gives me a payoff schedule and my payoff amount for the current date. By reading some of these reports it seems like some consumers balances do not go down but my balance has already decreased by 500.00 and I am just having my monthly payment deducted each month - nothing extra. Is it because I live in Georgia and we have stricter rules about these type companies or because I am paying them each month?
Kathryn
#3 Consumer Comment
you signed it
AUTHOR: Floyd - (U.S.A.)
SUBMITTED: Saturday, June 07, 2008
did you or did you not read it before you signed up for the loan
all the quick cash loans are the same 700-800%. if you didn't read it then it's your fault and if you did read it and still signed it then it's realy YOUR fault either way it's not a rip off
YOUR the one who signed up for the loan so just pay it off and never ever do it again.
#2 Consumer Suggestion
IF you made all your payments
AUTHOR: Robert - (U.S.A.)
SUBMITTED: Saturday, June 07, 2008
on time and you were not assessed any late fees or other penalties, your loan amortizes out with a pay-off of about $1991.73 after 24 ON TIME payments. This assumes their standard 3.5 year loan of $2525 at their advertised APR of 99.25%.
You should send them a letter asking for a written explanation and amortization table of your loan to show how the payoff was calculated.
#1 Consumer Comment
CashCall's very high interest rates are posted for everyone to see.
AUTHOR: Wilson - (U.S.A.)
SUBMITTED: Saturday, June 07, 2008
Danny,
I am sorry to tell you but if you paiy only $216.66 x 42 months, you will have paid CashCall $9,072. Is your interest rate 99%? That interest rate is insane. My own Visa has a prime-rate-for-life which is currently 5.00% and I have a $35,000 credit and purchase limit. My point is that you should have borrowed from friends, family, bank, etc other than use CashCall. CashCall is usually the last financial resource for people with very bad or no credit history.
Legally, you cannot break the contract and you have only been paying the interest and not the principal. My advice is for you to borrow whatever the balance is from friends and family and then pay off the CashCall loan.
http://www.cashcall.com/General/Rates.aspx
Loan Product Borrower Proceeds Loan Fee APR Number of Payments Payment Amount
$2,600 Loan $2,525 $75 99.25% 42 $216.55
2600 * .99 =2574
2574 = 214.5
216.66 * 42 = 9072
Related Reports
12:29 PM
01:34 PM
05:12 PM
01:34 PM
05:24 PM
09:58 AM
12:28 PM
New 
Updated Rebuttal 
Photo 
Advertisers above have met our
strict standards for business conduct.
