Should You Apply For A Guaranteed Approval Loan With Cash Call?
Cash Call, an emergency personal loan and mortgage loan company located in Anaheim, California claims to help thousands of people with the emergency cash and mortgage loans they need to make their dreams come true.
According to Cash Call, the lending process is as easy as "1, 2, Money." After you go through the 3-step process, you cash is transferred into your checking account. Cash Call says they give their borrowings fast, hassle-free service and loans that they can pay back early without incurring and pre-payment penalties. Your can apply for unsecured personal loans in the amount of $2600, $5000, $10,000 and $25,000. Like Western Sky Financial, there is a $75 loan fee and the APR can top well over 100 percent.
Cash Call says they give you may ways to pay back the personal emergency cash loans and mortgage loans so that there is no stress on your part. You can apply for a personal emergency cash loan today and have it in your bank account tomorrow.
According to Cash Call, the process for getting an emergency cash loan or a mortgage loan is as follows:
Call 866-590-Cash or go to their website and fill out the form with your name, address, and email address and someone will call you back. You can also apply online.
Fax the following information so they can see that you qualify for their unsecured personal loans:
- Statement of an active checking account
- Proof of Employment
- Provide proof that you are at least 21 years of age with a valid form of ID, such as a driver’s license
Wait for approval.
According to the Cash Call website: "CashCall unsecured personal loans are fast! In fact, you could get your money as soon as the next business day, and the money will be deposited directly into your personal bank account so it is easy and convenient too. You do not need to go anywhere - just pick up the phone or log onto the website. It is that easy, 1-2-Money!"
What You Should Watch Out For When Dealing With Cash Call Emergency Loans
1) The High APR Interest Rates: As of January 2012, if you take out a 2600 personal unsecured loan with Cash Call you will have to pay back approximately $13, 830. At 139 percent APR after 47 payments, that's ridiculous! Borrow $10, 000 and you are looking at approximately $62, 453 at 89 percent APR and after 84 payments. Do I need to go any higher? Ok, Borrow $25,000 and you will pay back approximately $92,000 with a much lower APR of 36 percent but still much higher than industry standards.
2) Cash Call Inc., has received thousands of complaints from angry customers who said they were mislead by the company. All these complaints and consumer violations against Cash Call lead to the California Attorney General filing a lawsuit against them on behalf of the consumers. They agreed to a $1 Million dollar settlement paid back to the consumers for using deceptive ads and "loan shark" tactics.
In conclusion, the choice is ultimately up to you. However, chances are, if a company has been sued by the Attorney General of their state. It is a good sign to leave them in your rear view mirror.
Other Sources of Cash and Unsecured Personal Loans