payday loan/check cashing biz?
 

who got one here? how is it?

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.

do you know much about it?

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

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=-

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

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.

Some states, like Michigan, are capping the interest that can be charged, and limiting the terms.

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

What do you pay on payday loan leads/signups?

yeah wondering too

suck $ from the lower class

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.

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.

nice....anyone else got experience

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=-

so who else is in this biz