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CashCall may have made predatory consumer loans sometimes with APR's approaching 100% and employed harassing debt collection methods.
Investigation Source
- Nationwide
Investigation Scope
Category Information
Investigation Topics
- Excessive or Unauthorized Interest Rates
- Unfair Collection Activities
- Harassing Telephone Calls
- Discolsure Of Personnel Information
- Excessive Interest Rate
- Questionable Lending Practices
Products or Services
- Consumer Loan
- PayDay Loan
Injury Type
- Monetary Loss
Investigation Details
Investigation and pending class action lawsuit against CashCall for its deceptive and predatory consumer loans.
The class action lawsuit alleges CashCall, Inc. of engaging in predatory lending by making loans to consumers at exorbitantly high and unconscionable rates, without regard to the borrowers ability to repay the loan. Additionally, the class action lawsuit alleges that the high interest rates, oppressive loan terms, and protracted repayment time make it impossible for most consumers to pay off their loans within any reasonable time period. The lawsuit also challenges CashCall's aggressive and abusive debt collection practices, which include making frequent and repeated harassing telephone calls to consumer's residence and places of employment, as well as revealing personal financial information to third parties.
The class action lawsuit alleges CashCall, Inc. of engaging in predatory lending by making loans to consumers at exorbitantly high and unconscionable rates, without regard to the borrowers ability to repay the loan. Additionally, the class action lawsuit alleges that the high interest rates, oppressive loan terms, and protracted repayment time make it impossible for most consumers to pay off their loans within any reasonable time period. The lawsuit also challenges CashCall's aggressive and abusive debt collection practices, which include making frequent and repeated harassing telephone calls to consumer's residence and places of employment, as well as revealing personal financial information to third parties.
Defendant Details
| Name (Stock Symbol) | Brief Description |
|---|---|
| CashCall, Inc. | CashCall, Inc. is an online lead generation company for the mortgage and consumer fiance industry. |