Are payday loan businesses good businesses to start ?

Yes....but only for a short time depending on where you are located. States are wising up to this type of %26quot;predatory lending%26quot; and are actually banning it on the state level. And more and more states are getting on this band wagon. Though the profit margins are great with this type of business it preys on lower and middle class people struggling with costs of living. It does nothing to help credit, creates more debt (4.2 billion more a year) on this level and is overall bad for our economy. If this is a business your considering investing in you'll need a good lawyer to help you define state laws and know that this type of business' days are numbered. So invest with caution and also invest with short term in mind. And most of all your going to have to ask yourself %26quot;Do I really want to profit from this?%26quot; Just keep your karma in mind.

Are payday loan businesses good businesses to start ?

A payday loan is also called as cash till payday loan, because you have to repay it on your first or subsequent paydays. It is recommended though that you repay it on your first payday itself. This creates a good impression about you and you can borrow a higher amount the next time around%26lt;!--Provided that you have a regular source of income and a checking account in the United States, you can easily get a fast payday loan. Since, you get the approval almost instantly.

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The loan is also called as an instant approval payday loan. The proof for the above mentioned details can be faxed to the lender or can be emailed to the lender via the lenders website--%26gt;You save even more time with the online version of the payday loan service and in some cases; the money has been transferred into the account in as less as 5 to 6 hours. Now, that is what you call fast service.

Are payday loan businesses good businesses to start ?

if u don't mind ripping poor folks off, yes.

work at a payday ripp off to see who the customers are , why they are there, what happens to most of them.