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Cashcall/ Western Sky



Unregistered

Sub: Cashcall/ Western Sky
Wed, 06/06/2012 08:54

I'm in texas and about to default on my loan with cashcall. My loan agreement is with western sky and I have more than paid off the principal. However cashcall is who debits my account. Is there anyway to settle this note with them as western sky is not liscenced in texas.

Thank you for any advice.



Article Rating: 
nationalpost
nationalpost
Posts: 3
Credits: 150

Sub: #1 Journalist looking to expose CashCall practicesWed, 06/06/2012 - 08:54



Hi there,

It's Joe O'Connor here, at the National Post newspaper in Toronto. I am working on a story about J. Paul Reddam, the CashCall king, a Canadian, and the money behind Triple Crown racehorse I'll Have Another.

I am working on a story about Reddam's quasi-legal (but currently under investigation by several state regulators) loan practices. How he built his empire on ethically blurry loans.

If you have a CashCall story to share please contact me at: (deleted)

Joe, please stop posting your personal information on this website. It's against terms of service and I will continue to follow you around and delete it. Thank you!! ~ OG1

Also, the NYTimes already beat you to it.


kechandl1
kechandl1
Posts: 13
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Sub: #2 CashCallWed, 07/06/2011 - 17:46



I actually have the same exact situation but I live in Delaware. Started with Western Sky, ended up with Cash Call and they are horrible. Is it legal in my state and if not what template would i use to get them to stop the ACH?


sdchargers_63
sdchargers_63
Debt Samaritan
Posts: 1757
Credits: 17337.35

Sub: #3 cashcallSat, 06/18/2011 - 03:33



CashCall is up to their old tricks, again. I don't know how they are not out of business already. I thought someone had tried to take them to court (or a few people)? I thought I read, in other posts, that they were going to be out of business? They are really horrible!! I use to deal with them...........YUK!!


OhioGal1
OhioGal1


Debt Samaritan
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Sub: #4 That's why I asked so many questions. This person does not haveThu, 06/16/2011 - 07:28



That's why I asked so many questions. This person does not have a contract with CashCall. Their contract is with WesternSky, hence my opinion on the matter.

If you visit CashCall's website, the only option for a state when entering your address is CA.

How to Deal with Unlicensed/Illegal Payday Lenders - Step by Step Instructions

I am not an attorney. I am not offering legal advice. The information and ideas I share are my opinion only and do not necessarily reflect the opinion(s) of the owners of this website.


paulmergel
paulmergel


Posts: 15339
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Sub: #5 this is a dodge by cashcallThu, 06/16/2011 - 07:02



cashcall is only legal in now two states.CA,AND NM.thought they were legal in TX,but guess i was wrong.btw cashcall can claim to be whatever they want,but in most states they have to be registered.either as a CSO,or pdl.paydayone,and cashnetusa are installment loans as well,but they are registered.i commented on this in other threads.western sky is not legal i any state,and cashcall is using them to get in states where they have no license,or registration.in fact cashcall has quite a few C&D against them.bottomline western sky is illegal,and that makes cashcall illegal if they take it over,or buys the loan.

giving hope to the hopeless,help to the helpless,and hap to the hapless.


PDLOwner
PDLOwner
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Sub: #6 Cash CallThu, 06/16/2011 - 05:55



Please make sure that you are confident on the advice you are giving with regards to Cash Call. I, personally, know the owner of a CA that is making a living on Cash Call debtors and using the courts to collect with great success.

OP, you need to discuss your options with an atty or atleast legal servives before you decide to tell them to take a hike.


OhioGal1
OhioGal1


Debt Samaritan
Posts: 5216
Credits: 76754.146477606

Sub: #7 You don't need to comment on loan laws. You need to simply tellWed, 06/15/2011 - 14:41



You don't need to comment on loan laws. You need to simply tell them that they have no license to lend in your state, which makes your contract unenforcible. Tell them you're willing to repay the principal, which is only fair, but you would like a refund of the overpayment you've made. Tell them you revoke authorization for ACH debit transactions and any wage assignment. Also, tell them that you will be reporting them to the OCCC, the TX Attorney General and the FTC for making loans in your state without a license to do so. And then do it.

You're going to have to close your account and open another one. Do that before you send your letter.

How to Deal with Unlicensed/Illegal Payday Lenders - Step by Step Instructions

I am not an attorney. I am not offering legal advice. The information and ideas I share are my opinion only and do not necessarily reflect the opinion(s) of the owners of this website.


Unregistered

Sub: #8 Thanks Ohiogal. How do I tailor it since they are not a PDL aWed, 06/15/2011 - 13:54



Thanks Ohiogal.

How do I tailor it since they are not a PDL and an installment loan? Any direction on where to find installment loan laws to add to the letter?


OhioGal1
OhioGal1


Debt Samaritan
Posts: 5216
Credits: 76754.146477606

Sub: #9 Then my original comment applies. They are not a licensed/legalWed, 06/15/2011 - 10:04



Then my original comment applies. They are not a licensed/legal lender. You only have to repay the principal amount borrowed. You've overpaid. Ask for a refund. You can use the template in this thread, just tweak it to fit your situation.

Again, they'll argue tribal law. Just keep in mind that, if they don't have to abide by our laws, we don't have to abide by theirs either.

How to Deal with Unlicensed/Illegal Payday Lenders - Step by Step Instructions

I am not an attorney. I am not offering legal advice. The information and ideas I share are my opinion only and do not necessarily reflect the opinion(s) of the owners of this website.


sdchargers_63
sdchargers_63
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Posts: 1757
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Sub: #10 cashcallTue, 06/14/2011 - 15:55



I'm surprised that Cash Call changed their name (not really, I suppose). I dealt with them, about 5 years ago. They are really difficult to deal with. The % was really high!! I'm sure it's the same way now. They are not a PDL. As illegal as they are, I wondering how they are still doing business.


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