payday loan/check cashing biz?

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  • xxweekxx
    Confirmed User
    • Oct 2002
    • 6780

    #1

    payday loan/check cashing biz?

    who got one here? how is it?
    _________________
    I am the best
  • Pete-KT
    Workin With The Devil
    • Oct 2004
    • 51532

    #2
    My brother in law owns 5 of them and they do very good. if your gonna get into this hit me up we have great software for this business.

    Comment

    • xxweekxx
      Confirmed User
      • Oct 2002
      • 6780

      #3
      do you know much about it?
      _________________
      I am the best

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      • Horny Dude
        Earn enough to buy coffee
        • May 2002
        • 4913

        #4
        Isn't the government cracking down on them. I think it was Georgia that is banning them all together.

        Comment

        • chipmunk
          Confirmed User
          • Sep 2002
          • 1039

          #5
          We (LeadFlash.com) own and operate 25+ payday sites. As far as I am concerned, it is one of the most lucrative verticals to be in. Our affiliates think the same...

          On average we generate 10,000+ apps a day.

          Feel free to hit me up on Messenger, Email or Phone.

          -=Chipmunk=-
          Matthew "Chipmunk" Sclier
          Skype: ChipmunkLF
          AvenueLink.com
          Personal Loan Offers & Data Management

          Comment

          • rowan
            Too lazy to set a custom title
            • Mar 2002
            • 17393

            #6
            Why don't you start with something that requires less time and money setting up, like, hmmm... an adult site? :D

            Comment

            • GrouchyAdmin
              Now choke yourself!
              • Apr 2006
              • 12085

              #7
              Already gave up on PC repair, huh?

              Paycheck loan businesses are, quite frankly, legalized loansharking. I read the fine print on one of the commercials when my DVR was wacking out (and not moving forward). A $250 loan cost $52 processing, and had a 199.98% APR atop of that. It was something like $20.59 a month for two years.

              Comment

              • Barefootsies
                Choice is an Illusion
                • Feb 2005
                • 42635

                #8
                Originally posted by Horny Dude
                Isn't the government cracking down on them.
                Some states, like Michigan, are capping the interest that can be charged, and limiting the terms.
                Should You Email Your Members?

                Link1 | Link2 | Link3

                Enough Said.

                "Would you rather live like a king for a year or like a prince forever?"

                Comment

                • xxweekxx
                  Confirmed User
                  • Oct 2002
                  • 6780

                  #9
                  nah didn't give up on PC business.. I actually registered the company and ill start marketing it in a week.. Right now i just want to diversify. thats all
                  _________________
                  I am the best

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                  • acratophorum
                    Confirmed User
                    • May 2004
                    • 311

                    #10
                    Originally posted by chipmunk
                    We (LeadFlash.com) own and operate 25+ payday sites. As far as I am concerned, it is one of the most lucrative verticals to be in. Our affiliates think the same...

                    On average we generate 10,000+ apps a day.

                    Feel free to hit me up on Messenger, Email or Phone.

                    -=Chipmunk=-
                    What do you pay on payday loan leads/signups?
                    Sweet sweet program...
                    EARN up to 100% REV SHARE! Don't believe me? See sig!!!

                    Comment

                    • xxweekxx
                      Confirmed User
                      • Oct 2002
                      • 6780

                      #11
                      yeah wondering too
                      _________________
                      I am the best

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                      • Pnk XXX
                        So Fucking Banned
                        • Jan 2008
                        • 263

                        #12
                        suck $ from the lower class

                        Comment

                        • pubenemy
                          Confirmed User
                          • May 2004
                          • 990

                          #13
                          My wife works for a B&M payday loan store, the state of FL has set caps/limits and a state DB of users and their loans. But still as said it is like legalized loan sharking, costs like $55 for a 2 week loan of $500 which done yearly works out to over 500% APR Ouch!
                          The store gets quite a diverse bunch of customers not like one may think, teachers, officers, nurses and on and on.
                          ICQ: 22-920-445 Aim: OGpubenemy

                          Comment

                          • collegeboobies
                            So Fucking Banned
                            • Jul 2004
                            • 3644

                            #14
                            Yeah my ex girlfriends dad owned one and I would hang out there when she worked. Ton of customers, 3-4 per hour were coming in to pay their bills 2 week loan was around $50-60 in fees and they just dont cash your check if you come in and pay the fee you get it back or redo it.

                            Comment

                            • xxweekxx
                              Confirmed User
                              • Oct 2002
                              • 6780

                              #15
                              nice....anyone else got experience
                              _________________
                              I am the best

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                              • chipmunk
                                Confirmed User
                                • Sep 2002
                                • 1039

                                #16
                                Originally posted by acratophorum
                                What do you pay on payday loan leads/signups?
                                We are currently paying out $30.00 + a bonus based on traffic quality. Most publishers are averaging between $35-$45.00 per lead.

                                Go ahead and hit me up on IM or shoot me an email. Also, if you want to hop on a call so I can go over more, I would be happy to.

                                -=Chipmunk=-
                                Matthew "Chipmunk" Sclier
                                Skype: ChipmunkLF
                                AvenueLink.com
                                Personal Loan Offers & Data Management

                                Comment

                                • xxweekxx
                                  Confirmed User
                                  • Oct 2002
                                  • 6780

                                  #17
                                  so who else is in this biz
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                                  I am the best

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