CashCall, Inc. Consumer Loan Complaint

CashCall, Inc. Consumer Loan department,

Installment loan Managing the loan or lease California

In - 2014, I took out a $5000.00 personal loan with Cash Call, Inc. The terms of the loan are egregious and predatory. My annual percentage rate is 116 %. The cost of my loan, according to my contract is $35000.00 and the total cost, if payments ( 84 ) are paid according to schedule, will be $40000.00. My monthly payments are $480.00 ( with exception of my first payment which was $640.00 ) and are debited from my checking account each month. After making payments on my loan for the past two years, I find that as little as - cents a month has been applied to the principal amount of my loan. Currently, less that $3.00 per month is applied toward each payment.