Cash Call should not be used, Ever?
Speaking from experience, I would like to warn people about using Cash Call. The interest rate is 99%. I got the loan to help with moving expenses. We did not move and started pinching off the money and then I let my husband use it for car repair expenses. Well, one year later I am paying off the $2600 loan and my payoff is $2700. Thank God I am able to pay it off. A year of paying and I am still in the hole. Plus, I was never late but because I did not pay on the first of the month they called me everyday 4 or 5 times a day. Even when I told them I would be paying on Friday (for example) they would still call 3 or 4 times just to make sure I am still paying on that day. Can you imagine how much they would call if you were actually late? It is a nightmare loan. Please Don’t Do It.
December 20th, 2008 at 3:34 pm
Just for the fun of it I went to their web site and looked at their Rates section. You are correct, it is absolutely ridiculous! I was looking at a loan for Georgia, where I live. A $1,500 dollar loan has a 141% interest rate!?!?! Unbelievable. I am still shaking my head…
December 22nd, 2008 at 5:36 am
go to and put the same thing you put here onto that site…alot more people will read it there. Warning people about this type of loan will help untold numbers of others…thank you!
December 24th, 2008 at 9:49 am
i know…from experience. they suck…really bad.
December 25th, 2008 at 10:37 pm
Yes….CashCall and payday loans are all horrible….The ONLY justification for using them is if you are 100%, absolutely, positively sure that you can pay back the entire loan very quickly….otherwise, if you just pay the minimum payment…you’ll be caught in their usury trap that you might never get out of….
By default, one should never use ANY company that has Gary Coleman as its spokesperson.
December 27th, 2008 at 4:17 am
That doesn’t sound so bad, it’s only an extra $100! I think you got off rather well, in fact ;)
May 20th, 2011 at 3:32 pm
Governments and central bankers round the planet have done everything they can to prop up failed banks, and lending that was imprudent from the onset. We will not have a real sustainable recovery without an end to deficit spending and lots of banks going bust. I find discussion about asset finance and loans a bit meaningless.
June 1st, 2011 at 7:44 am
I find the talk about Cash Call should not be used, Ever? | cashpayadvance.org all a bit meaningless. Governments and central bankers round the planet have done everything they can to preserve failed financial institutions, and lending that was risky from the start. We will not have a real sustainable recovery without an end to deficit spending and lots of banks going bust. I find discussion about mortgage finance and loans a bit meaningless. I also think the home prices have to reduce a lot even now. I mean why would you want to own a home in Spain or the UK? Isn’t it much more cost effective to rent? Regards, Hector Quincy
June 3rd, 2011 at 4:41 am
I find the talk about Cash Call should not be used, Ever? | cashpayadvance.org all a bit meaningless. Governments and central banks round the planet have done everything they can to preserve failed lending institutions, and lending that was imprudent from the onset. We will not have a real self sustaining recovery without an end to deficit spending and lots of banks going bust. I find discussion about asset finance and home loans a bit meaningless. I also think the home costs have to reduce a lot even now. I mean why would you want to own a home in Spain or France? Isn’t it much more cost effective to rent? Regards, Suanne Boote