CashCall is better about this than many other companies. Payday loan providers don’t even disclose their APR rate, you have to do the math to figure out a $20 fee for a two-week loan on $100 has an interest rate of over 500%. Tax preparation companies didn’t even originally let customers they were actually taking loans when they did “Rapid Refunds”.
CashCall lists financial numbers of its loans very clearly on its Rates Page. It is linked to on its main navigation bar. It even lists the payment amounts and quantity.
Of course, this is only in regards to their website. CashCall has an extensive televisionmarketing campaign and ordering directly through the phone might be a lot different. Please comment on this thread if you have any experience in this matter.
CashCall does have a very high interest rate of 99%. But it is much cheaper than similar loans. Providers of these type of unsecured, no-credit-check loans need to charge a high interest rate because of the increased default rate.
Click here to find out more about CashCall on www.352media.org
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