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Topic: Investing In A Pay Day Loan Business? |
Ben-Putnam
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on: 2008-08-24 23:36:44» |
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Would you put your cash in a PayDay loan business as an investor ( passive one). There are companies I have seen and they advertise 5%-15% ROR a month for blokes who send them 20K.
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Wyatt-Rega
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RE: Investing In A Pay Day Loan Business?
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on: 2008-08-25 00:56:35» |
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- a payday loan (also called a paycheck advance or payday advance) is a small, short-term loan that is intended to cover a borrower's expenses until his or her next payday.
- hi friend, typical loans are between 0 and 0 and are due in two weeks, with interest rates of up to 400% apr.
- statistics compiled by the center for responsible lending show that the majority of the industry's profit comes from repeat borrowers who are unable to repay loans on the due date and instead repeatedly renew their loans, paying fees each time.[2] the payday lending industry disputes these contentions.
- for a charge on a 0 2-week payday loan, the apr is 26 15% = 390% but the ear is 1.1526 - 1 100% = 3686%.
- look at what happened to bear sterns sonic payday com may this detail able to get your answer on a two-week loan, fees average for each 0 lent.[1] the loans are also sometimes referred to as cash advances, though that term can also refer to cash provided against a prearranged line of credit such as a credit card.
- been a day trader, a stock broker and now own a publishing firm.
sonic payday com - however ther are still opportunities to be explored.
- manage to make in excess of 0k per month.
- mike, i probably wouldn't.
- if you need help for free, you can contact me.
- legislation regarding payday loans varies widely between different countries and, within the usa, between different states.
- contact me(peterbextor (at) yahoo.co.uk)if you need any further help.careful reporting of whether ear or apr is quoted is necessary to make meaningful comparisons due to the extremely short-term nature of payday loans, the difference between apr and effective annual rate (ear) can be substantial, because ear takes compounding into account sonic payday com some jurisdictions impose strict usury limits, limiting the apr that any lender, including payday lenders, can charge; some outlaw payday lending entirely; and some have very few restrictions on payday lenders.
- didn't you read how financial firms are loosing money on short term lending.
- i am entrepreneur and been into finance for over 14 years now.
- honestly pay day market is dead.
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Garland-Cason
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RE: Investing In A Pay Day Loan Business?
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on: 2008-08-26 01:45:49» |
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I've bookmarked this site to go back to... All the best to you. When you invest, it's not the industry as much as the people you're giving cash to. Anyone can show you large numbers, do they have character? Do they have a good track record? Are the people of this company reputable? http://www.safelinked.info/go.php?link=loan sonic payday com
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