I have been reading everyone else's terrible time with Cash Call and I have also been regreting the day I ever called them to get a loan. I got a 5000.00 loan from them last December. I have been paying on time so I thought up until last week I got a phone call from them when I was at work saying to call them immediately. I was off work a couple of weeks ago for a full week because of pneumonia so I was on a medicial leave from work.
I called them as soon as I found out that my doctor was taking me off for a full week to tell them the money will not be in my checking account on the 10th which is usually when they debt my account. They proceded to say oh well we are going to have to debt any ways this is not enough time to stop it. I said 6 days is not enough? So they told me if the payment goes through and is returned I can just make that payment after I go back to work.
I said I probably will not be able to pay you until September. So I thought I set arrangements up in the end and was satisfied. Well SURPRISE they debted my account on the 10th and it went through but that was the money I had all ready wrote other bills out on and over drew my account by 300.00 along with fees.
Well I went to my bank and explained to them what I did and they had me fill out paper work stating that cash call is not authorized to debt my account. Well when we did that the payment was returned to them not for in sufficent funds but for unauthorized debt.
They sent me 4 emails that day basicially saying pay or else. I talked to there collections department last Friday and the girl at first was nice but then when she realized what I did with my bank she began to tell me they are bring charges up on me for non payment and the loan is being sent to an arbitrator. She then wanted me to call her back on Monday 08/20/07 to make arrangements and go over my financial situation.
Well my current financial situation sucks so I have been trying to try and figure out another way just to get these jerks paid off. I am currently going through a credit counseling agency and they even did not want to include cash call because they have had such bad experiences with them.
I totally regret the day I ever called cash call. I am telling everyone I know do not ever thing of calling them. Right now I do not know what I am going to do but I am just concerned with paying for my rent and car and everything else and they will get paid eventually. I can so relate to everyone else and if and when anyone would like to get involved in a total law suit against there percentage rates and how rude they are and not willing to work with there customers.
I know I signed the contract and I am obligated to pay the loan off. But all of the payments have gone to interest I borrowed 5000.00 and I now currently owe 5300.00 how is that possible? I am so stressed out and scared that they are going to sue me but if they do they will not get much because I have no money in the bank and I live in an apartment and I lease my car so we shall see. I will keep everyone updated. Wish me luck!
0 comments