CashCall This company preys on people's weaknesses Fountain Valley California

The other day I found out Cashcall is sueing me after they had harrassed me for months and literally made my life a living hell. insulting my co workers and made it impossible to work at my job without their calls, the caller ID always comes up UNKNOWN. Anyway I decided to fight back!! My friend just happens to be a powerful lawyer who does these types of cases. I just want to find justice for everyone, I don't want to pay 300% on my loan. I have read many of these stories on here of Cashcall harrassing you all and I have the same experience. I have to do something about this. Anyway I like to thank the ripoffreport.com and everybody who posted similar experiences on here, it made me feel like I was not alone in the struggle. Thanks.

In the email that Cashcall sent you, at the top of the contract in bold are the terms of the loan. The "Truth in Lending" act states they MUST inform you of these things. If you wanted $1500.00 and they gave you $5,000. then it was at a lower interest rate. Yes, you should have immediately paid back the extra $3500.00. This would have meant the remaining fifteen hundred you kept would need to be paid back at a MUCH lower interest rate.

Also, in the contract it states Cashcall reserves the right to deduct payments from your bank account. If you gave them your e-signature, then they must assume you read the contract.

I know Cashcall does offer certain programs for customers that are having a hard time paying back their loans, call your representative and ask them about it. Or, if you don't want to call them... wait another 10 minutes, if you're delinquent they'll probably call you.

Are they aggresive in their collection techniques? Sure. Do they charge a ridiculously high interest rate? Absolutely. Are they within their rights to try to collect the money they lent you, when clearly no one else would? Well, not always.

They are the original lender, so they do not have to follow the FDCPA (Fair Debt Collection Practices Act), however, each state has specific legislation that is very similar to the FDCPA guidelines (i.e. California has the Rosenthal Act).

In the end, the adage "buyer beware" should ALWAYS be applied, especially when dealing with a company that does the majority of it's business online. I hope this helps.

Good luck in San Diego.

Our fine do-nothing for the common folk Congress took care of that. The only thing you can get them on is the phone harrassment, particularly calling all hours. you can file a complaint with the FTC.