22 months ago I aplied for a loan with cash call. I had recently been on medical leave and did not have the money to attend my brother's wedding.
I was approved and the gentleman was polite however he never discussed terms of the loan until we had agreed to the loan. He sent the documents to my email address and it was then that I saw the interet rate. 87 percent.
I took the loan because I needed to be at my brother's wedding I was his best man.
I have paid on time for the last 20 months nearly $200.00 per month on a $2500.00 loan. I missed my last payment and AFTER 20 months of nearly $200.00 per month I found I owe $2600.00 on a $2500.00 loan!
I have spoke with several representatives finally with a Ms. Berry. I asked to settle the loan for $1800.00 and Cash Call refused. I expressed if Cash Call could not settle for $1800.00 I would need to report them to the appropriate authorities.
Ms. Berry turned this statement around on me and said I was threatening Cash Call. This statement was not a threat just business practice, however Ms. Berry said I was taking this too personal and it was just business.
Ms. Berry explained that California has given Cash Call a business license and if I had a problem with anyone it should be California NOT Cash Call. I explained that many times in history our legislative bodies have passed laws that later they regret and repealed.
Based upon cash call's behavior in this matter and upon the fact I have already paid nearly $4000.00 on a $2500.00 loan I am filing this complaint and I believe many other people must have the same issue.
I checked the box for a consumer advocate to contact me. I have contacted the Attorney Generals office of New Mexico and I have contacted a layer in New Mexico. It is my intent should this matter not be resolved immediately to pursue legal action against Cash Call to prevent any further business transactions in New Mexico.
Should anyone else desire to do the same I ask them to either contact their state's Attorney General or if you are in New Mexico please contact Mr. King's office at www.ago. State. Nm.Us
Please understand I attempted to settle with Cash Call and I was treated very poorly. The amount I was willing to settle for $1800.00 on my balance of $2600.00 equals nearly $5800.00 paid on a $2500.00 loan. I have a perfect payment history with them until this last month.
If an advocate or media wishes to speak with me I will cooperate and my desire is to settle this issue with no further payment as Cash Call refused my settlement offer.
Thank you. If you are a loan holder and you have experienced this then please SPEAK UP! Do not let their aggressive behavior silence you.
0 comments