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HomeCredit ForumLoan Management

ANOTHER Cash Call type loan..BEWARE!!

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goodnatured



Joined: 03 Nov 2007
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Posts: 2633



5016 Magic Points
 
 Posted on Sat Nov 10, 2007 2:07 am  
One word for these loan companies, CROOKS!
 
Laura

Laura

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34318 Magic Points
 
 Posted on Sat Nov 10, 2007 5:49 am  
True.
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Laura.
 
goodnatured



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 Posted on Sat Nov 10, 2007 1:22 pm  
Do these guys report to the credit reporting agencies? sdchargers are they on your report?
 
Dadummy



Joined: 15 Nov 2007
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40 Magic Points
 
 Posted on Fri Nov 16, 2007 12:24 am  
I would think if it was a loan through a bank, regardless of the intrest rate, it would be reflected on your credit report.
 
Laura

Laura

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 Posted on Fri Nov 16, 2007 3:16 am  
HI Dadummy,

A warm welcome to creditmagic.
Dadummy this loan is from the cash call which is a payday loan company. So we really dont know whether they report to the credit bureaus or not. At least the illegal ones do not.

Good I think sd has it on her reports. She was facing a lot of trouble dealing with this company.
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Laura.
 
goodnatured



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 Posted on Sat Nov 17, 2007 12:34 pm  
sdchargers any input you have here would be appreciated. thanks
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
Dadummy



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 Posted on Sat Nov 17, 2007 1:21 pm  
Is there anything in the fine print about credit reporting? This should all be broken down some where. revisit your original agreement with the company, if you can't find it, request another copy of your loan documents.
 
goodnatured



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Posts: 2633



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 Posted on Sat Nov 17, 2007 3:58 pm  
fine print, oh, those two awful words. I will pull the original documents out and see what is up. I still have them here somewhere.
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
sdchargers_63

sdchargers_63

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Subject: cc
 
 Posted on Sat Nov 17, 2007 11:37 pm  
Hi...yep, I'm Wendy!! Nice to see ya'll!!LOL Ok..here's an 'update'. Sometime ago Cash Call 'sold' my loan to a CA. I've been working out somethings with this company. Got some situations worked out, where it's MORE affordable to me now!! Was having sometrouble at first ( I guess it was with a rep I ORIGINALLY was working with...some people you just can't 'work with'). Anyway.......making between $50.00-$100.00 per month payments.with 5%. ALOT better than Cash Call!!!!! I NOW work with a REP, from this company (believe it or not..) who had to deal with Cash Call, herself, at one time!! OMG!!! SOO..she knows what I'm going through. SOO....to answer everyone's question....so far, so good. Thanks for ya'll concern, with me, on this matter!! Thanks, Laura, for 'updating' people with my name!! I've had ALOT of people ask my experience with CC and how I've been dealing with them. I'm SOOO glad I can help others deal with them, too!! If anyone has anymore questions, just 'ask away'!!!
 
goodnatured



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 Posted on Sun Nov 18, 2007 12:25 pm  
Yes, I have questions, I pmed you and would appreciate any feedback you can give.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
SunDevilsFan



Joined: 09 Nov 2007
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Location: Sunny Arizona


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 Posted on Sun Nov 18, 2007 4:55 pm  
sounds like just another add for the legalized, professional loan sharks!!!
 
sdchargers_63

sdchargers_63

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Subject: cash call
 
 Posted on Sun Nov 18, 2007 7:41 pm  
Hi......yep, if you DON'T pay Cash Call, they WILL report to the CB's. However, if they 'sell' defaulted loans to other CA's, that means, as soon as you pay the loan off, with the CA, the Credit Report will 'update'. Remember.......Cash Call is 99%.............CA's are 6%-10%. Alot better than 99%. I've noticed, too, i don't see anymore ads for Cash Call on TV. There used to be ALOT of them. I wonder how Gary Coleman is dealing with them..LOL
 
Laura

Laura

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34318 Magic Points
 
 Posted on Mon Nov 19, 2007 10:42 am  
It was a shock seeing him appearing on an ad for a payday loan. Outrageous....i liked him in movies.

They are loan sharks for sure.
_________________
Regards,
Laura.
 
sdchargers_63

sdchargers_63

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79 Magic Points
Subject: Cash Call
 
 Posted on Mon Nov 19, 2007 11:02 am  
Yeah........Cash Call DOES report to Credit Bureaus......because they are NOT considered a PDL. I know, it's horrible how they can tale advantage of people. Trying to 'fix' it, is difficult, but, those, who are trying to deal with Cash Call, don't give up.......'keep plugging away'.
 
Dadummy



Joined: 15 Nov 2007
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Posts: 638



40 Magic Points
 
 Posted on Tue Nov 20, 2007 3:01 am  
I hope people are taking these warnings seriously, these people have outrageous rates that you could end up paying for a very, very long time.
 
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