All of the debt management companies I have spoken with say that CashCall is considered a payday lender (even though I have a $5,000 personal loan) and cannot be included with credit cards.
2007-11-28 06:50:24 · 4 answers · asked by elaine 2 in Business & Finance ➔ Credit
Reguardless of what it is considered it is still up to the company as to if they want to be involved in the Debt Management Program. The bad news is that CashCall is well known for refusing to work with Debt Management Companies. So as a result a lot of companies know not to even bother trying to negociate with them.
2007-11-28 06:59:25 · answer #1 · answered by OC1999 7 · 0⤊ 0⤋
I think your problem is that CashCall won't cooperate with debt management programs. They are known as a payday loan company. You must have an outlandish interest rate on that loan. Do they take the payments directly from your bank account?
If you really need the debt management program, you will have to do so without including CashCall. Make sure you use a legit non-profit company. Check here: http://www.nfcc.org/
2007-11-28 06:59:15 · answer #2 · answered by bdancer222 7 · 0⤊ 0⤋
As you probably know, CashCall is not a great company to deal with....One option is to play hardball like they do and tell them that you'll file for Chapter 13 BK if you they don't agree to more favorable terms....Be careful in doing this though....$5K really isn't enough debt to justify filing for any form of BK.
2007-11-28 07:24:08 · answer #3 · answered by CatDad 7 · 0⤊ 0⤋
Hey i'm here for the first time. I found this question and I find the answers truly valuable. I hope to give something back to the community and help others too.
2016-08-26 08:37:26 · answer #4 · answered by Anonymous · 0⤊ 0⤋