Closed Lender

CashCall Is No Longer Operating

CashCall largely shut down following major CFPB enforcement actions. This page explains what happened and outlines alternatives for borrowers looking for personal loan options. Fundslender is not affiliated with CashCall.

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This lender is no longer operating

CashCall has largely ceased consumer lending operations following regulatory enforcement. This page is maintained to help people searching for CashCall understand what happened and find current alternatives.

What Was CashCall?

CashCall was an Anaheim, California-based online consumer lender founded by J. Paul Reddam. It was one of the most visible high-cost online personal loan companies in the US, particularly in the 2000s and early 2010s. CashCall marketed loans to borrowers with poor or fair credit, often at very high interest rates.

CashCall also had a close working relationship with Western Sky Financial, a tribal lender that originated loans marketed to CashCall's customer base before immediately selling them to CashCall for servicing and collection.

What Happened to CashCall?

  • In 2013, the CFPB sued CashCall, its affiliate WS Funding, and related companies, alleging they collected on loans that were void or illegal under state law because the tribal origination structure was used to circumvent state rate caps.
  • A federal district court and later the Ninth Circuit ruled against CashCall, finding that the true lender was CashCall, not Western Sky, and that state usury laws applied.
  • The CFPB secured a substantial judgment against CashCall, including requirements to pay consumer restitution.
  • Under the weight of legal costs, regulatory judgments, and the collapse of the Western Sky origination model, CashCall ceased its main consumer lending operations.

What Former Customers Should Know

  • Borrowers with loans through the Western Sky and CashCall arrangement may have been entitled to loan forgiveness or refunds depending on their state and the specific loan terms. Consumer protection agencies in several states pursued separate actions that provided borrower relief.
  • If you believe you had a loan that was affected, contact your state attorney general's office or the CFPB to understand whether any relief applies to you.
  • Credit report entries from CashCall or Western Sky are subject to dispute if inaccurate or if the underlying loans were found to be unenforceable.

Alternatives to CashCall

CashCall alternatives
AlternativeKey FeatureHow to Access
Mainstream personal loan lenderLower rates for improved credit profilesApply via lender or matching service
Credit union personal loanMember rates often well below online lendersJoin a credit union; apply through them
Avant or similar mid-credit lenderAccepts fair credit, lower cost than high-rate installment lendersApply online
Nonprofit credit counselingCan help restructure existing debt obligationsNFCC member agencies at nfcc.org

Frequently Asked Questions

CashCall faced major regulatory enforcement actions, most notably from the CFPB. In 2013, the CFPB sued CashCall and related entities for collecting on loans that were void or uncollectable under state law because they were originated by an online lender (Western Sky Financial) in a way that allegedly circumvented state rate caps. A federal court eventually ruled against CashCall. CashCall and its affiliated entities ceased most consumer lending operations as a result of these legal and financial pressures.
If you had an outstanding CashCall loan, you should have received notice about the status of your account. Some former CashCall borrowers were entitled to refunds or loan forgiveness as part of the regulatory settlements. Contact the CFPB or your state attorney general if you believe you may be owed relief.
Yes. CashCall was closely associated with Western Sky Financial, a tribal lender that marketed high-cost loans online. Western Sky would originate loans and immediately sell them to CashCall, which then serviced and collected on them. Both entities faced significant regulatory challenges as a result of this arrangement.
Credit unions, mainstream personal loan lenders, and some nonprofit lenders offer lower rates for borrowers who might previously have used CashCall. If your credit has improved since you last explored mainstream lending, your options may have expanded. Fundslender can connect you with lenders in our network.
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