Check cashing/payroll loan biz? - GoFuckYourself.com

BradShaw · 02-06-2004, 10:41 AM

Anyone ever looked into this? Set up small shops in the ghetto, and give out loans and cash checks at high rates.

Volantt · 02-06-2004, 11:00 AM

I own two stores (well 50% of them) we do very good business..

V

Oracle Porn · 02-06-2004, 11:03 AM

Quote:

Originally posted by BradShaw
Anyone ever looked into this? Set up small shops in the ghetto, and give out loans and cash checks at high rates.

why in the ghetto?

Chris · 02-06-2004, 11:05 AM

dont do it in the ghetto :P

BradShaw · 02-06-2004, 11:07 AM

Quote:

Originally posted by Oracle Porn

why in the ghetto?

Why are the pawn shops in the ghetto?

B40 · 02-06-2004, 11:10 AM

This has been one of the hottest franchises lately....those places charge a ridiculously high %...good service to have if local banks hold checks for a long time

Peaches · 02-06-2004, 11:10 AM

I have a friend who owns a couple. He makes massively good ROI with it. You have to be willing to deal with the kind of people that you'll be doing business with though. He hired an ex-con and pays him quite handsomely to deal with the riff raff.

BradShaw · 02-06-2004, 11:14 AM

Quote:

Originally posted by Peaches
I have a friend who owns a couple. He makes massively good ROI with it. You have to be willing to deal with the kind of people that you'll be doing business with though. He hired an ex-con and pays him quite handsomely to deal with the riff raff.

I know a few ex cons in this biz. Maybe we can hook up!

BVF · 02-06-2004, 11:14 AM

This is even better. Get a Van that is set up with a little slit on the side to serve your customers. Make sure you have bulletproof glass and armor on the van. Put CHECK CASHING on it and drive through the hood to cash checks. One would cash checks and the other would be for driving and security.

You could spread word that you'll be parked at such and such a corner on the 1st and 15th and then you could always get the flagdown traffic.

I've seen it done successfully in washington dc...The van would pull up to the curb and a line would form right there on the sidewalk.

Volantt · 02-06-2004, 11:19 AM

The business doesn't have to be in the ghetto to make money. One of our stores is in a white collar area and it makes the most money. Remember you don't make money on bounced checks, but on people who need quick buck and pay the high %.

Bradshaw I can send you some websites that are good resources and also give you some info over e-mail if you are truely interested, there is no lie the ROI is very substantial.

V

detoxed · 02-06-2004, 11:21 AM

I know some people making a lot of money at this in a small town.

Keev · 02-06-2004, 11:38 AM

Volantt drop me some info....

Been looking into some commerical property and franchises of various companies.

104463163

Monique Niccole · 02-06-2004, 11:40 AM

Quote:

Originally posted by BVF
This is even better. Get a Van that is set up with a little slit on the side to serve your customers. Make sure you have bulletproof glass and armor on the van. Put CHECK CASHING on it and drive through the hood to cash checks. One would cash checks and the other would be for driving and security.

You could spread word that you'll be parked at such and such a corner on the 1st and 15th and then you could always get the flagdown traffic.

I've seen it done successfully in washington dc...The van would pull up to the curb and a line would form right there on the sidewalk.

now that's some real ghetto shit

Volantt · 02-06-2004, 12:41 PM

Quote:

Originally posted by Keev
Volantt drop me some info....

Been looking into some commerical property and franchises of various companies.

104463163

Sure thing, let me get some work done today and I will jump back online and hit you up. I have done a lot of investing with the cash I pull in from this biz... I don't want to work forever...

1. Rentals
2. Buying Mortgage Notes
3. Payday Loan Biz w/cousin
4. 1 NightClub just started it.

V

Volantt · 02-06-2004, 12:42 PM

Quote:

Originally posted by BVF
This is even better. Get a Van that is set up with a little slit on the side to serve your customers. Make sure you have bulletproof glass and armor on the van. Put CHECK CASHING on it and drive through the hood to cash checks. One would cash checks and the other would be for driving and security.

You could spread word that you'll be parked at such and such a corner on the 1st and 15th and then you could always get the flagdown traffic.

I've seen it done successfully in washington dc...The van would pull up to the curb and a line would form right there on the sidewalk.

Actually I heard about that being done. The people were pulling in some big time cash with it. Now that is 100% ghetto...

V

JFK · 02-06-2004, 12:49 PM

There is a high return , but the risks are there as well, Fradulent cheques, etc. I was going to do it a couple of years ago ,but after looking into it, and not knowing enough I backed off.The other oprion is a franchise, but I also did not want to do that because they take the cream, and at the time they also wanted some ridiculous fee to buy in.

EscortBiz · 02-06-2004, 12:52 PM

Quote:

Originally posted by JFK
There is a high return , but the risks are there as well, Fradulent cheques, etc. I was going to do it a couple of years ago ,but after looking into it, and not knowing enough I backed off.The other oprion is a franchise, but I also did not want to do that because they take the cream, and at the time they also wanted some ridiculous fee to buy in.

everything that can make real money is risky

the key is to do research and invest in something you truly understand

EscortBiz · 02-06-2004, 12:53 PM

vollant my emil is info at badtushy.com interested as well

~Ray · 02-06-2004, 12:53 PM

I worked in the "B" loan biz for a couple of years...very stressful.

B40 · 02-06-2004, 12:54 PM

Quote:

Originally posted by Volantt
The business doesn't have to be in the ghetto to make money. One of our stores is in a white collar area and it makes the most money. Remember you don't make money on bounced checks, but on people who need quick buck and pay the high %.

Those white collar guys need money to support their high consumption life style...they're the ones that are over spending and living above their means...

triumph · 02-06-2004, 12:56 PM

what is the ghetto? Is that something in Texass only?

BradShaw · 02-06-2004, 12:57 PM

Quote:

Originally posted by triumph
what is the ghetto? Is that something in Texass only?

Any area where the houses are under $500k is the ghetto.

EscortBiz · 02-06-2004, 12:58 PM

Quote:

Originally posted by BradShaw

Any area where the houses are under $500k is the ghetto.

its heading there at least in ny

bluff · 02-06-2004, 01:01 PM

Quote:

Originally posted by BradShaw
Anyone ever looked into this? Set up small shops in the ghetto, and give out loans and cash checks at high rates.

They have franchises for those. I'd say try em out then learn and do your own.

Rick Latona · 02-06-2004, 01:01 PM

I owned a pawnshop years ago. I'll tell you some stories in Cancun.

02-06-2004, 10:41 AM	#1
BradShaw Confirmed User Join Date: Oct 2001 Location: KB's trailer Posts: 7,840	Check cashing/payroll loan biz? Anyone ever looked into this? Set up small shops in the ghetto, and give out loans and cash checks at high rates. __________________ Sig too big http://www.gofuckyourself.com/gfy_faqs.html Want to use a large banner in your sig??? Contact Eric about getting on as an advertiser - eric AT adult.com

02-06-2004, 11:00 AM	#2
Volantt Confirmed User Join Date: Nov 2003 Location: Penguin vs Devil Posts: 745	I own two stores (well 50% of them) we do very good business.. V __________________ "Only the dead have seen the end of war." - Plato "In the abscence of orders, go find something and kill it." - Erwin Rommel "A man's worth is no greater then the worth of his ambitions." - Marcus Aurelius

02-06-2004, 11:05 AM	#4
Chris Too lazy to set a custom title Industry Role: Join Date: May 2003 Location: icq: 71462500 Skype: Jupzchris Posts: 27,880	dont do it in the ghetto :P __________________ [email protected]

02-06-2004, 11:10 AM	#6
B40 Confirmed User Join Date: Jul 2001 Posts: 7,020	This has been one of the hottest franchises lately....those places charge a ridiculously high %...good service to have if local banks hold checks for a long time __________________

02-06-2004, 11:14 AM	#9
BVF Black Vagina Finder Join Date: Jan 2002 Location: The Midwest Posts: 13,975	This is even better. Get a Van that is set up with a little slit on the side to serve your customers. Make sure you have bulletproof glass and armor on the van. Put CHECK CASHING on it and drive through the hood to cash checks. One would cash checks and the other would be for driving and security. You could spread word that you'll be parked at such and such a corner on the 1st and 15th and then you could always get the flagdown traffic. I've seen it done successfully in washington dc...The van would pull up to the curb and a line would form right there on the sidewalk. __________________ Black Pussy Click On Mr Cosby..CCbill, 60/40, 136 FHG's....The Cos Loves Black Ghetto Pussy!!

02-06-2004, 11:10 AM	#7
Peaches Old broad Join Date: Oct 2002 Location: Away Posts: 13,933	I have a friend who owns a couple. He makes massively good ROI with it. You have to be willing to deal with the kind of people that you'll be doing business with though. He hired an ex-con and pays him quite handsomely to deal with the riff raff.

02-06-2004, 11:19 AM	#10
Volantt Confirmed User Join Date: Nov 2003 Location: Penguin vs Devil Posts: 745	The business doesn't have to be in the ghetto to make money. One of our stores is in a white collar area and it makes the most money. Remember you don't make money on bounced checks, but on people who need quick buck and pay the high %. Bradshaw I can send you some websites that are good resources and also give you some info over e-mail if you are truely interested, there is no lie the ROI is very substantial. V __________________ "Only the dead have seen the end of war." - Plato "In the abscence of orders, go find something and kill it." - Erwin Rommel "A man's worth is no greater then the worth of his ambitions." - Marcus Aurelius

02-06-2004, 11:21 AM	#11
detoxed vip member Join Date: Jan 2003 Posts: 17,798	I know some people making a lot of money at this in a small town.

02-06-2004, 11:38 AM	#12
Keev Confirmed User Join Date: May 2001 Posts: 5,335	Volantt drop me some info.... Been looking into some commerical property and franchises of various companies. 104463163 __________________ ReliableServers.com - NO REF LINK!

02-06-2004, 12:49 PM	#16
JFK FUBAR the ORIGINATOR Industry Role: Join Date: Jan 2002 Location: FUBARLAND Posts: 67,374	There is a high return , but the risks are there as well, Fradulent cheques, etc. I was going to do it a couple of years ago ,but after looking into it, and not knowing enough I backed off.The other oprion is a franchise, but I also did not want to do that because they take the cream, and at the time they also wanted some ridiculous fee to buy in. __________________ FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com

02-06-2004, 12:53 PM	#18
EscortBiz Fuck Checks, CASH only! Join Date: May 2002 Location: New York City Posts: 19,422	vollant my emil is info at badtushy.com interested as well __________________ Spanking, Medical Fetish, Sleeping, Strap-on Anal Lesbians, Girls Fucking Guys, Handjob site REAL HOT, Shemales, Anal and Ass Licking sites 100% Real EXCLUSIVE with amazing retention, ccbill payouts, lots of content FREE FTP HOSTING Promote the largest and oldest member paid escort site, Converts 10 times better then any dating site, CCBill payouts ICQ# 158802076

02-06-2004, 12:53 PM	#19
~Ray visit hardlinks.org Industry Role: Join Date: Jun 2003 Location: Las Vegas , Nv >>> [email protected] or icq 94994627 anytime Posts: 18,362	I worked in the "B" loan biz for a couple of years...very stressful. __________________ Adult Backlinks for Adult Websites - Testimonials Available

02-06-2004, 12:56 PM	#21
triumph Confirmed User Industry Role: Join Date: Dec 2002 Location: Los Angeles Posts: 3,433	what is the ghetto? Is that something in Texass only?

02-06-2004, 01:01 PM	#25
Rick Latona The Best Ideas Start Here Join Date: Dec 2002 Location: Atlanta Posts: 6,037	I owned a pawnshop years ago. I'll tell you some stories in Cancun. __________________ Regards, Rick Latona http://latonas.com Latona's - We Sell Money Making Web Properties Note to buyers of websites and traffic: please check our inventory at http://latonas.com/websites-for-sale. If you would like to make an offer on something, just let me know.