Does anybody here still promote payday or installment loans? Do you run offers, use an iframe form or post your leads by XML/API?
Is payday loans even legal to do without being a registered financial institution with all the bells and whistles that implies?
Sorry, I meant payday and installment loan leads. Not actually processing loans but collecting and selling leads.
There was a time when I considered doing payday loans but I just couldn't bring myself to do it. It seems that you are taking advantage of people at a time when they can least afford it. Have you ever sen the interest rates on these loans? I don't know how they are even legal.
I could not agree more. Not only are these shady businesses taking advantage of others when they can least afford it, these types of high interest, short-term loans tend to only make things worse for their customers/victims.
Payday and Installment Loans are alive, well and profitable! If you have questions, feel free to shoot me a message! -=Chipmunk=-
Many people want and need a short term cash loan but they have bad or no credit. Nobody except payday lenders will give them a loan. The fees are high to offset the very high risk associated with loaning them the money. Good credit = low interest rates from a lot of lenders, Bad credit = high interest rates from a few lenders. No other formula works.
Nope. You have to be insured, licensed and bonded to run any type of financial business. Funny how you violate forum rules by using your forum name as a link to your site... First thing first. You business model is illegal. You have to be insured, licensed and bonded to run this type of business and by law your numbers have to be displayed on your website. You have no SSL, which is required for any type of lending or financial company website... Not only is your business illegal, it looks shady as hell and I for one hope you do not get nay customers!