Magic Numbers Don’t be misled by payday loan statistics.
A common practice in making small loans of a few hundred dollars for a few weeks is to charge about $15 per hundred dollars lent. Politicians, the media, community activists, and miscellaneous other busybodies are able to transform these numbers into annual percentage charges of several hundred percent, thereby creating moral melodramas and demands that the government “do something” about such “abuses.
Payday Loan Operators-How to Make Tons of Cash With Your Data
Payday loan companies: Can you use FREE money? Would you like to make a ton of money with your existing customer data? A ton of money just with your “dormant files” and your non-current customer information?
Your customer data has tremendous value. And there are companies willing to pay you a ton of money every month for this information. You can monetize your customer data at zero expense to you and with no risk of cannibalizing your data.
Future of the Payday Loan Industry-Joint Ventures
Summary:
1) You’re not simply a payday loan provider, a car title loan lender, a rapid tax refund agent, a check casher, a bill pay processor, a rent-to-own center, a pawn shop… you’re in the micro-lending industry; a giant niche worth billions of dollars annually throughout the world.
2) Embrace the Internet or Die!
3) Joint ventures and partnerships can make a great deal of sense.
4) Canadian affiliate program opportunity.
How to Start a Payday Loan Business
Starting a payday loan business has never been easier. Sure, there are some state or provincial regulatory issues to deal with. And you’ve got to navigate through the business structure scenarios available to you; LLC, S-Corporation, C-Corporation, Sole-Proprietorship, etc. ( A good introductory to
Taste It! Payday Loans, Car Title Loans, Rapid Tax Refunds
1) If you need help, either with your existing payday loan, car
title lending, or check cashing business, or starting one of these
businesses, visit our list of vendors and suppliers. They’re very good
and experienced. They’re listed here: Payday Loan & Car Title Vendors:
The Secret - Payday Loans - Car Title Loans - Scrap Gold Business - How to Get the Info You Need
Payday loan, car title loan, scrap gold business - The information and help you need for your micro-lending business
is there for the asking. You’ve just got to learn the SECRET!
New Payday Loan Industry Survey Results Available.
Motivations for Using Payday Loans.
Users cite a range of situations of great need, or emergency situations in general, as their reasons for needing payday loans. The most frequently mentioned reason for needing a payday loan is to pay bills or prevent overdue bills (40%).
2009 Payday Loans, Car Title Loans & Pawn Shop Resolution
The point? Resolve in 2009 to always know what’s going on in your community. Join at least on of the local business organizations. Read your local paper every day. Join a charitable group.
Get involved! You’ll be glad you did. Not only will you profit but more importantly you’ll feel better!!
Payday Loan Collections: Will You Get Paid?
Payday loan volume is up! Of course, that means collections will become more of an issue as the economy continues to sputter along. So, will your business prosper during the coming year with this increased demand for your products or will you go down in flames because you can’t get your customers to pay you?
Credit Card Companies Whine Like Payday Loan Companies!
New proposed Federal Reserve rules “could make it more difficult for millions of people with bad credit to get what’s referred to as a sub-prime card”, whines Governor Mike Rounds of South Dakota. Gov. Rounds further states, “In essence it would shut down the low-limit credit card business across the U.S.”
