Payday Loans, Advance America Laws & Government Affairs
We’re very upbeat about this appointment. Advance America, amongst many others, is a very large and profitable payday loan company whose agenda includes fighting for the rights of consumers to have access to multiple financial products and in defending our industry and all the employees, business operators, commercial property owners that depend on the micro-lending niche.
Payday Loan Laws - South Carolina Legislation
South Carolina legislators introduced new payday loan legislation that will protect consumers from the so-called “cycle of debt” and allow thousands of payday loan employees and entrepreneurs to remain in business.
Payday Loan Industry Convention - Win $50
We recommend anyone having an interest in the industry attend. One caveat though! If you’re an Internet guy keep your mouth shut. A couple years back, Jer was called an “Internet bandit” and would certainly be seeing the inside of a prison cell soon. The CFSA guys had no clue! Now the Internet payday loan operators are eating the lunch of the “brick-n-mortar” guys and they want to learn how to embrace the Internet!
Pawn Shops and Payday Loans: No Recession Here
Payday loan and pawn shops are looking ahead to 2009 with high expectations. Zack’s Financial Research predicts good returns for EZCORP.
Payday Loans:Fair & Balanced Media Coverage
Sometimes you might need $100 or so for two weeks just to get over a rough patch, a miscalculation in the family finances, so to speak. You can hardly go to the bank for that, and anyway banks don’t make two-week loans. And maybe your sister-in-law is tapped out. So you borrow the money from a payday lender. You pick it up on a Monday, and you pay it back a week from Friday, plus a $20 fee. Sure, that interest would add up to 500 percent on an annual basis, but you’re not borrowing the money for a year. And nobody’s going to loan you $100 for two weeks and charge a nickel. There’s no business model in that. So you willingly pay the $20. No harm done.”
CRL Center for Responsible Lending Takes More Hits
The Center for Responsible Lending. Sounds reliable, right? That’s where they get you. They claim to speak up for the people but in reality, CRL is a “predatory lending” organization (what they claim to be against) unethically funded by a wealthy institution that benefits from their policies.
Advance America Takes it in the Shorts in New Hampshire
Bottom line, Advance America’s new payday loan styled product is not gonna fly. Of course Advance America plans to appeal the ruling by the New Hampshire banking commissioner so we haven’t seen the end of the creative genius at Advance America.
Gold Buying Business Flourishes
We like this business! It’s easy to learn and extremely profitable. Supplies and marketing materials are minimal and cash turnover is substantial. Not only can you offer in a “brick-n-mortar” but an Internet operation is a no-brainer. It takes very little to add this service to your store(s) or simply have an inexpensive web site built at rentacoder.
