Legal Question in Credit and Debt Law in Idaho

Can't keep up with Cash Call payment - HELP!!!!
I don't know what to do. We have signed up with a debt management program and all our creditors are willing to work with us except one, CASH CALL. We owe them $5000 and have been paying $250 per month for a year but unfortunately we have paid down NOTHING because of the astronomical interest rate. Yes, I know it was a stupid move to take out the loan!

We are now behind one month and have accrued additional interest for the entire month...and basically owe an additional $250 just to get caught up. We are willing to pay what we owe but just need the interest to be reduced so that we can actually pay it off. They were harassing us and we asked them to stop (referring to the fair debt collections act) and they have stopped for now but we are afraid they are going to take us to court now.

We can't file bankruptcy and have already tried to refinance our house but just don't have enough equity. We also don�t have any friends or relatives that we could borrow the money from. Our options are ZERO.

After doing some research, I found out that Cash Call has numerous complaints and is notorious for screwing people. We are scared and hopeless! Is there anything that we can do???

Asked on 9/01/06, 12:50 pm

David Anderson Anderson Business Law LLC

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Re: Can't keep up with Cash Call payment - HELP!!!!

I have had prior success negotiating with cc cos to reduce balances instead of bankrptcy. Call or e-mail for assistance.

Answered on 9/01/06, 1:25 pm

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