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Payday and Installment Loans

Discussion in 'General Business' started by partnersedge.com, Aug 12, 2014.

  1. #1
    Does anybody here still promote payday or installment loans? Do you run offers, use an iframe form or post your leads by XML/API?
     
    partnersedge.com, Aug 12, 2014 IP
  2. Helge Sverre

    Helge Sverre Prominent Member Affiliate Manager

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    #2
    Is payday loans even legal to do without being a registered financial institution with all the bells and whistles that implies?
     
    Helge Sverre, Aug 12, 2014 IP
  3. partnersedge.com

    partnersedge.com Peon

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    #3
    Sorry, I meant payday and installment loan leads. Not actually processing loans but collecting and selling leads.
     
    partnersedge.com, Aug 13, 2014 IP
  4. cborrx

    cborrx Member

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    #4
    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.
     
    cborrx, Aug 17, 2014 IP
    sarahk likes this.
  5. jrbiz

    jrbiz Acclaimed Member

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    #5
    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.
     
    jrbiz, Aug 18, 2014 IP
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  6. chipmunk

    chipmunk Well-Known Member

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    #6
    Payday and Installment Loans are alive, well and profitable!

    If you have questions, feel free to shoot me a message!

    -=Chipmunk=-
     
    chipmunk, Sep 4, 2014 IP
  7. partnersedge.com

    partnersedge.com Peon

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    #7
    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.
     
    partnersedge.com, Sep 5, 2014 IP
  8. Jameyson MacDonald

    Jameyson MacDonald Well-Known Member

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    #8
    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!
     
    Last edited: Sep 5, 2014
    Jameyson MacDonald, Sep 5, 2014 IP
  9. nameless7

    nameless7 Greenhorn

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    #9
    This niche is still very lucrative. Just try to find an affiliate program with good payouts
     
    nameless7, Jan 19, 2015 IP