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How To Start a Payday Loan Business?
Payday loans were developed to help a person receive the money they need today without having to wait until their next paycheck.
We delay the deposit of their personal check until their next pay day, which is usually less than 2 weeks away.
With a payday loan, they get the cash they need before their next payday!!
PAYDAY LOANS or PAYCHECK ADVANCES are one of the fastest growing businesses in the US, Canada, Australia, Costa Rica, South Africa, England, and others. It's the ideal complement to your present business or as a new establishment. If you have a 5 ft. by 5 ft. area available, you can turn it into additional income.
We are helping entrepreneurs open payday advance offices and internet operations everywhere! There is a tremendous opportunity for individuals to open a payday advance business and get in on the ground floor of a money making business. You can even open a Payday Loan business in conjunction with your existing business. Tax preparers, cah for gold, pawn shops, check cashers, liquor stores, car and truck rental companies, furniture rental stores, etc., are opening payday advance loan businesses.
A typical 8 day paycheck advance extended to your client will yield an annual percentage rate on your money of 805%!. (Note: The fees you can legally charge vary by state, province, your offshore or tribe lending authority. These issues are discussed on our "Payday Loan Training manual." Starting costs vary tremendously and are determined by your goals. A new store might require a lease, first and last plus a deposit, signage, licenses, phones, etc. Adding a payday advance loan business opportunity to an existing business requires hardly more than working capital, business cards, flyers, advertising, forms, etc.
Payday Advance Loan working capital requirements are determined by you! We have heard of new deferred deposit operators who began with less than $5000. This depends on your situation.
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Trihouse Enterprises, Inc.
601 East Charleston Blvd. #100
Las Vegas, Nevada USA 89104
A paycheck loan or paycheck advance business is easy to operate IF YOU KNOW HOW TO CONTROL IT. Typically, you advance your check to your client and accept their personal check for an amount in excess of the amount of your check. You're accepting a check, giving the writer less than its face amount, and holding it for an agreed upon period of time. Thus, paycheck advance or paycheck loan or deferred deposit or...
The rational behind the boom in payday loans is perceived high credit card rates and high bank fees for bounced checks. Immediate gratification by the consumer is another driving force in the deferred deposit business. There is nowhere a consumer can go for a small loan in an emergency. Banks don't do it and loan companies are too slow and complicated. High check bouncing fees drive the business. Banks charge a $35.00 fee and more for bouncing a check (even more for a 2nd or 3rd!). Then the original recepient of the check charges a fee. (Remember the recipient's bank charges a fee to them!) That can make a paycheck advance/deferred deposit fee the best choice.
|YOU CAN MAKE A TREMENDOUS AMOUNT OF MONEY IN THE PAYDAY LOAN BUSINESS AND HELP PEOPLE IF YOU KNOW WHAT YOUR DOING!!|
To achieve success and make SERIOUS MONEY you need Information. Our Payday Loan Manual & Seminars cover the following Topics:
Comprehensive training for both the payday loan store model and the Internet model
TO TEACH YOU TO BE SUCCESSFUL IN THE PAYCHECK LOAN BUSINESS WE NEED: $3500.00 if you choose
to attend our Seminar
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