I've read several complaints about this company but yet to see anyone talk about being sued. I would like to hear more about these details. Who's been to this point? Why? And how does a court handle it? Are you then liable for the full contract amount? I. E a 5k loan is 25k.
We don't always make the smartest decisions. We don't always make the most responsible decisions either. We come upon hard times and fail to read the fine print. Trust me, I did it too. Though I disagree with how the LO's sell this loan and how we don't actually sign a piece of paper but sign via the internet. We received the cash therefore we owe them the money.
Now the question is, your in an even further hardship after you've accepted this money - You became disabled, you're out of work, you get a divorce, etc whatever the circumstances that brought you to this point; you can't pay cash call. How do we get these people paid and off our back? We need answers!!! I've been told by several lawyers that this is a debt that will not go away easily. You cannot claim it in a BK, you cannot just forget about it and hope they charge it off. They won't. They will probably end up suing you.
Consumer education is the only way to stop these people at this point. Explain your story in as many ways as possible and hope that others don't fall victim to these people. Contact the Attorney Generals office and put in a complaint (not the BBB, they are only a 3rd party mediator/resolution service). Protect yourself by writing these people letters. Not too descriptive but explain your situation and tell them how much you are able to pay at this time. Make your payments timely and as you describe/agree in your letter. Always send your letters certified mail. Never talk to them over the phone; it gets you no where.
Now here's my story.
I've been with Cash Call for a little over 2 years. I have the 5k loan at 79%. I paid for a good year and a half at this rate with no issue. Then circumstances beyond my control took over and I started to fall behind. The harassing phone calls started. I've been asked many humiliating questions and was even told at one point if I didn't send them enough to catch up that I would be arrested. I've heard it all. At some point, I just stopped accepting the phone calls because it got me no where. I am at the point where they are talking about taking legal action.
Here's what I have done. I wrote them a letter indicating I was going through a hardship and would only pay $25.00 per month until I was able to get back on my feet. 4 months later, I fell on even harder times and did not make the $25.00 payment for 3 months. I can't say it's right but it's what's happened. Now I'm getting letters stating that I will be sued.
I currently have no assets; live in a charity home, barely have a car, 50.00 in my bank account, have very little to survive on each month. I have Nothing! You can do what you can to get back on your feet but things don't always turn around as fast as you'd like them to. That's me. I wonder what would happen if I were sued. So I ask what can a judge do when you have nothing? If I do get sued I will present my case to the judge and only hope they give me a few more months to catch up and hold off on a judgment. I feel these people should at least listen to our issues and be willing to work with us. Most of us are not trying to bail out of our financial obligations; we are just not in the same situation we were in before receiving a Cash Call loan. Disability, Death, Job change or lay off, Divorce etc. Cash Call seems to be the only debtor unwilling to work with us.
I plan on writing another letter to Cash Call and will do whatever I can to send them something. As I understand it, if we make any effort, even a dollar to a debtor they cannot take legal action. Of course I don't want to be sued. I am still in a horrible financial predicament. What good does it do either of us? In a month or so I expect my situation to finally turn around. Not to sure I have much more time. I hope to pay this entire loan off soon so I not have to ever have to worry about it again.
0 comments