Selling TurnKey Payday/Short Term Loan site. Pound-Pal.com (+Mobile Design)

Ready Made PayDay Loan Business;

All you need to do is enter your account details where needed. e.g. Form Email, Paypal, Phone number.

The site is made so people can apply for a short term loan anywhere on the go as the domain loads quickly and well on modern mobiles.

Unique URL: www.Pound-Pal.com

 

A few questions about how it works:
I have a document pack with step by step instructions & letter templates; here is the concept:
Application & Collection Process:
1. User submits application for credit online. [Returning customers can apply by text]
2. Details submitted are verified, ex-directory people are called, paypal account is verified. & customer details are stored in customers.xml
3. Funds are credited into paypal account.
4. Customer is invoiced, email & post. //collections.
5. Customer is reminded 2days before payment. [SMS/email]
6. Funds are requested on PayPal one day before.
5. If no repayment is made, £12 late payment is charged. Email & Letter are sent.
6. Late letter is sent interest charged, solicitor fees informed.
7. Telephone call is made, + £10 charged, legal fees and procedure informed.
8. Collection agency instructed, legal fees charged.
9.Customer gift payment is settled.

You essentially lending your own money, however the payments are maximum £100 for customers you don't know, you will have verified their address & will send collection notices for unpaid, you will also be give a list of solicitors who can recollect the funds if unpaid.

Marketing potential - Facebook Ads & App, if you host on https:// and get a facebook app you could have millions of applicants. You make on average £25 per £100 lent. A huge 25% per month! This increases if it remains unpaid, so you can earn more for late fees. The hosting is included for the year with the sale + it is only around £12 per year after.