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Info on starting a car title loan place?
ryder004
subscriber Posts: 1
I have capitol to start a business under 250k but for months cannot decide what to start up. Recently I went with a friend to assist her in getting a car title loan. I was SHOCKED at the interest she was going to end up paying. She borrowed $2500 with %158.6 APR. So her payments were going to be $335 per month for the next 48 months.
I could not believe it!! These places practically rob you! But of course, owning one I am guessing there is a catch. Can anyone give me some insight how to start one of these up, such as approximately how much capitol you need and just overall what is the BS you have to deal with(I am sure there is some). Any help would be appreciated thank you
I could not believe it!! These places practically rob you! But of course, owning one I am guessing there is a catch. Can anyone give me some insight how to start one of these up, such as approximately how much capitol you need and just overall what is the BS you have to deal with(I am sure there is some). Any help would be appreciated thank you
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