PAY DAY LOAN BUSINESS
Thefortress
subscriber Posts: 1
I am interested in starting a pay day loan business from home. Any suggestions on where to start?
I have been in business for over 5 years as a consultant/broker. I work with private lenders who provide working capital to small/medium size businesses in the form of account receivable and purchase order funding. I want to extend my service by providing pay day loans to individuals. Any advice out there?
I have been in business for over 5 years as a consultant/broker. I work with private lenders who provide working capital to small/medium size businesses in the form of account receivable and purchase order funding. I want to extend my service by providing pay day loans to individuals. Any advice out there?
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Comments
Thanks for your response.
What makes the pay day loan business so horrible? I see it as giving an opportunity to people who are in desperate need and have no where else to turn due to the urgency of their situation or bad credit. Is there something more to it that I am missing?