Apply for a Cash Call personal loan if you have no cheaper sources of financing available. This kind of unsecured loan may have lower costs than a payday loan, but the interest rates are very high. Fully understand all the costs associated with a loan, including the fees, required monthly payment, and the number of payments you will need to make. Cash Call publishes interest rates on its Web site, but borrowers may get loans with even higher rates, depending on their credit score. Cash Call personal loans have no prepayment penalties, so you can reduce your interest costs by paying off your loan early. Look at other sources of financing, before using Cash Call. For some borrowers this may be one of the few lenders willing to make a loan that can provide a short-term bridge in an emergency.
Cash Call makes high-interest personal, unsecured loans. Loan amounts range from $2,600 to $25,000. Interest rates range from 35.87% APR on a $25,000 loan to 184.36% on a $2,600 loan. According to the Cash Call Web site, "not all applicants will qualify for every loan product or the lowest interest rate for a particular loan product. Some applicants will not qualify for any of our products." Cash Call makes it clear that their lowest rates (still quite high rates) and higher dollar loans are available only to customers with excellent credit.
The CFPB filed a lawsuit against Cash Call and two related companies in December 2013. See this Bills.com article to learn more about the CFPB's Cash Call lawsuit.
No prepayment penalty. Loans available without collateral to borrowers with less than excellent credit.
Very high interest rates.