payday loan/check cashing biz? - GoFuckYourself.com

xxweekxx · 04-29-2008, 07:36 AM

who got one here? how is it?

Pete-KT · 04-29-2008, 07:58 AM

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.

xxweekxx · 04-29-2008, 08:19 AM

do you know much about it?

Horny Dude · 04-29-2008, 10:18 AM

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

chipmunk · 04-30-2008, 07:54 AM

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=-

rowan · 04-30-2008, 08:07 AM

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

GrouchyAdmin · 04-30-2008, 08:14 AM

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.

Barefootsies · 04-30-2008, 08:17 AM

Quote:

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.

xxweekxx · 05-02-2008, 10:12 AM

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

acratophorum · 05-02-2008, 11:11 AM

Quote:

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?

xxweekxx · 05-03-2008, 01:52 PM

yeah wondering too

Pnk XXX · 05-03-2008, 06:17 PM

suck $ from the lower class

pubenemy · 05-03-2008, 06:26 PM

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.

collegeboobies · 05-03-2008, 07:40 PM

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.

xxweekxx · 05-03-2008, 11:46 PM

nice....anyone else got experience

chipmunk · 05-05-2008, 08:17 AM

Quote:

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=-

xxweekxx · 05-21-2008, 09:09 PM

so who else is in this biz

04-29-2008, 07:36 AM	#1
xxweekxx Confirmed User Join Date: Oct 2002 Posts: 6,780	payday loan/check cashing biz? who got one here? how is it? __________________ _________________ I am the best

04-29-2008, 08:19 AM	#3
xxweekxx Confirmed User Join Date: Oct 2002 Posts: 6,780	do you know much about it? __________________ _________________ I am the best

04-29-2008, 10:18 AM	#4
Horny Dude Earn enough to buy coffee Industry Role: Join Date: May 2002 Location: San Diego, Ca. Posts: 4,912	Isn't the government cracking down on them. I think it was Georgia that is banning them all together. __________________

04-30-2008, 07:54 AM	#5
chipmunk Confirmed User Industry Role: Join Date: Sep 2002 Location: South Florida Posts: 1,039	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

04-30-2008, 08:14 AM	#7
GrouchyAdmin Now choke yourself! Industry Role: Join Date: Apr 2006 Posts: 12,085	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. __________________ AIM: GrouchyGfy

04-29-2008, 07:58 AM	#2
Pete-KT Workin With The Devil Industry Role: Join Date: Oct 2004 Location: West Bloomfield, MI Posts: 51,532	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.

04-30-2008, 08:07 AM	#6
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	Why don't you start with something that requires less time and money setting up, like, hmmm... an adult site? :D

05-02-2008, 10:12 AM	#9
xxweekxx Confirmed User Join Date: Oct 2002 Posts: 6,780	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

05-03-2008, 01:52 PM	#11
xxweekxx Confirmed User Join Date: Oct 2002 Posts: 6,780	yeah wondering too __________________ _________________ I am the best

05-03-2008, 06:17 PM	#12
Pnk XXX So Fucking Banned Join Date: Jan 2008 Posts: 263	suck $ from the lower class

05-03-2008, 06:26 PM	#13
pubenemy Confirmed User Join Date: May 2004 Location: SW FL Posts: 990	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

05-03-2008, 07:40 PM	#14
collegeboobies So Fucking Banned Join Date: Jul 2004 Posts: 3,644	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.

05-03-2008, 11:46 PM	#15
xxweekxx Confirmed User Join Date: Oct 2002 Posts: 6,780	nice....anyone else got experience __________________ _________________ I am the best

05-21-2008, 09:09 PM	#17
xxweekxx Confirmed User Join Date: Oct 2002 Posts: 6,780	so who else is in this biz __________________ _________________ I am the best