Gary Coleman has done some commercials for CashCall. He states in the commercial that no one wanted to lend him money. I did read that Mr. Coleman filed for bankruptcy years back. But when I called CashCall about their lending services, they stated to me that they would not lend any money to anyone who had filed for BK.
Why do they use Gary Coleman for their commercials if he himself filed for BK, and they probably lent him money?
2007-08-19 16:05:49 · 7 answers · asked by Moe C 1 in Business & Finance ➔ Credit
Oh please, he's an actor. Do you believe everything you see on TV?
When you watched that commercial, did you notice the interest rate in the small print at the bottom of the screen? First time I saw it, I couldn't believe a company could get away with that kind of interest rate.
I think loan sharks charge less interest.
2007-08-19 16:14:14 · answer #1 · answered by bdancer222 7 · 0⤊ 0⤋
It's no secret that Gary Coleman basically has 'hit the skids': all but banned from Hollywood film and TV industry and has since taken on---and been fired from--- various lines of employment.
CashCall business owners, likely seeking a 'celebrity endorsement' that had nothing to lose representing the shady loan outlet, found a desperate Coleman eager to lend his name and face. It doesn't get much disgustingly sadder than that.......
Coleman was merely paid as a endorser for CashCall--nothing more.
2007-08-19 23:18:17 · answer #2 · answered by Mr. Wizard 7 · 0⤊ 0⤋
I would never do business with any of these companies. The interest rate is outrageous and it is borderline to what loan sharking charges. Some of them are under investigation because there are people that owe to much in highly classified jobs withing the government. The government finds out what they owe, and then, they are a security risk because they owe too much. I hope cashcall and all the others get shutdown. They ruin too many peoples lives.
2007-08-19 23:45:49 · answer #3 · answered by Richard_CA 4 · 0⤊ 0⤋
I also have been dealing with cash call and it is the biggest mistake I have ever made in my life!!!!! I got a loan last December 2006 for 5000.00 to help pay down some debt not realizing how high the interest rate would be. I have basicially been on time except for 2 times being just 2 weeks late. Well just a few weeks ago I was off work because of pneumonia and I sent them a email and called and made arrangements to pay my payment at a later date and they still turned around and debted my checking account which overdrew the account so I had to go to my bank fill out paper work to make them unauthorized to debt my account any more so I could just send them the payment by money gram well I talked to them this past Friday and they where informing me the payment for august was returned because I unauthorized them to debt my account and also that my July payment was returned which I never heard anything from my bank or them about it. They are telling me that they will work with me if I pay them one payment by August 24th and they can defer two payments to the end of my loan. They also mentioned they are going to turn me over to arbitration and possibly garnish my wages. I filled bankruptcy 7 years ago so why would they loan to me. I have contacted a debt negotion place which also deals with lawyers and they are going to try to help me and hopefully see what my rights are and hopefully be able to get a lower payment for lower interest I will find out on Monday August 21 so I will let you know what happens. I feel your pain and regret the day I ever called them for a loan that is has caused me way to much stress right now and over the past few weeks.
2007-08-20 00:51:43 · answer #4 · answered by michgal68 1 · 1⤊ 0⤋
I found a blog dedicated to the subject:
http://cashcallwatch.blogspot.com/
IMHO the company looks shady, but I think the same of all those loan shark payday advance companies.
Gary Coleman was hired because he is popular. I don't think many people that he's been in bankruptcy before.
2007-08-22 17:40:50 · answer #5 · answered by alex 1 · 0⤊ 0⤋
His Bankruptcy may have been more then 7 yrs ago Have no idea what year he filed. Thats probally how they got around that issue and still used him. I have never personally seen the commercial I no longer watch TV I am assuming this is in California.
2007-08-20 07:33:10 · answer #6 · answered by Tyler R 1 · 0⤊ 0⤋
First you must now if the company real one.Any money lender will give a loan if you have fullfilled the standard to get it.
2007-08-19 23:17:08 · answer #7 · answered by Faisal R 3 · 0⤊ 0⤋