My question is I have a loan with a company called Cash Call that I am behind on two months actually and I have tried to call and make arrangements with them and they are not willing to work with me. What is the minimum amount of money I could send them to where they could not garnish my wages? I did contact a lawyer and wanted to file bankruptcy and I did previously in they said because it has not been 7 years I would have to wait until next May I am not denying the fact that I owe the money I am just in a bad situation and want to try and just deal with there harassment until next may.
If you could please let me know what I will need to do I would appreciate it. According to studies by consumer groups, these high-interest loans are pitfalls for consumers. Due to their high rates and fees, studies find that borrowers are better off avoiding the loans, and working out a payment plan directly with the creditor they want to pay with the high-interest loan.
If you default on a CashCall or Western Sky loan, it can, in theory, take the same action as any other unsecured creditor to enforce a defaulted debt. Collection efforts will start with telephone calls, letters and e-mails demanding you pay the balance of the loan. If CashCall or Western Sky cannot convince you to pay through standard collection tactics, such as phone calls, it may decide to file a lawsuit against you to obtain a judgment for the balance of the debt.
If CashCall or Western Sky sues and obtains a judgment against you, it can then take steps to enforce the judgment as allowed by your state law. The most common methods of enforcing a judgment are wage garnishment, bank account levies, and property liens. Most lenders do not sue debtors to collect debts. A lawsuit is a worst-case scenario, which you will probably not experience.
However, take a moment to learn your state's collection laws so you are aware of what actions your state allows. The CFPB is asking the court to order CashCall to refund money to consumers in states where the loans were illegal, and pay penalties. Do you need to repay a CashCall or Western Sky loan? The answer is unclear. At least five states have filed lawsuits against CashCall in for offering residents in their states loans with illegal terms.
If state courts find the loans are illegal, CashCall may need to return all of the interest and fees borrowers paid to the lender. But what do the pending state and federal lawsuit mean to you if you have a CashCall or Western Sky loan now? If you have a CashCall or Western Sky loan, stay in contact with your state attorney general or banking regulator to learn if your obligation to repay the CashCall or Western Sky loan changes.
Debt Relief A debt relief loan can actually reduce your debt. Discover your loan options and where you can find a loan Unsecured Personal Loans Unsecured personal loans are offered by big lenders and many sites online. If you have bad credit, Low Interest Personal Loans Personal loans are an alternative to credit cards. You will need good credit and stable income, Who can I call for California?
I recently got a call from a law office about this silly loan that i took out back in , they wouldnt work with me when i got laid off so i ended up stopping payment and forgot about it. Well i got a call recently that now it is up to 8K from the original loan of i told them I would pay if they got rid of the interest but they wont. And they say they will garnish my wages at bucks. Who can I call in the state of California about this??
Any help would be great. Please share the information you receive. Our readers would like to hear how you progress with your actions against Cash Call. I spoke with a representative who told me to no longer make payments, cancel the bank account and to file a complaint with them, the FTC and the CFPB. I sent them all the information I had including the original loan agreement, the payment history, correspondence from Cashcall, Dilbert Services and Western Sky.
They will update me to let me know if I can expect any refund money. I asked what could I do if Cash Call tries to report me to credit bureaus. They recommended I send all the information I have the Cease and Desist Order, NH statutes on Loan Interest limitations, and inform the bureau that the state is in litigation with the company and that the state considers the loans invalid. I'll update you on the situation. What was the outcome?
I am in NJ trying to get out of one of these loans. It has been paid 3x over already. I'd love to know what happened with your situation. Log In Sign Up. I have a loan with a company called Cash Call that I am behind on, they are not willing to work with me. What are my options? Bill's Answer 91 Comments. Take these four steps if you have a CashCall or Western Sky loan: Your state may take the position you must repay the principal the amount you borrowed but not the interest.
Or, your state may consider the loan illegal and therefore void, and you need not repay anything. Go to the Bills. If your state publishes any information on a Web page about CashCall or Western Sky loans, print this information and keep it in a safe place so that you have a detailed record for the future.
If your state asks you to do so, file a complaint about your CashCall or Western Sky loan with your state attorney general or banking regulator. You may need file a complaint so that you are on record as being offered an illegal loan, or a loan from an unlicensed lender. Accepting an illegal loan is not a crime.
I hope this information helps you Find. People also like to Read. Debt to Income Ratio. Low Interest Personal Loans. Here are two links: I have been paying my loan for over 2 yrs. Do I need to continue make payments or should I wait? Contact your State's Attorney General, to find out whether you need to continue making payments. I received a notice from Delbert Co. I recently viewed my credit report and it has not been removed. I have no idea when the lawsuit will be settled, however I did receive a letter from the office of the A.
I have since disputed their response and am now awaiting a reply. The response from the AG's staff also contained this line: I followed up by contacting an investigator in the AG's office who I know professionally, and he has never returned my calls or emails.
Unfortunately that other agency appears to be the Bureau of Indian Affairs! The bottom line, unless everyone in Ohio starts contacting the AG's office about this company, and keeps contacting them until they get an answer, this issue will never be dealt with in Ohio. Mike Dewine's office apparently has very little interest in helping the citizens of Ohio like the AG's in other states have done.