I am 15, can I start a payday loan company?
Of course you can! Do you know anything about Bill Gates and Paul Allen? What about Jobs and the “Woz?”Gates was too young to get into a bar for his first meeting! But he worked it out. You’re 15? Don’t take no for an answer. Put a few bucks together. Hang-out at a Strbucks near a payday loan store. Offer $25 to a payday loan patron to let you sit-in on the transaction. Get copies of every contract… Offer to Black out the borrowers SS#, Name, Phone, etc. Make a copy of ALL their paper work.Next, run an ad in Craigslist. “Assistant Manager for Payday Loan Store wanted.” “Experienced only” Then, meet these applicants at Starbucks. Buy them a coffee and interview them; LEARN!Next check your state Department of Financial Institutions for license requirements. In many states is a couple of hundred bucks. You may neede a bond: $250/year.Get a shill/parent/friend to “stand-in” for you. Form a simple LLC online for $95. Build a simple website focused on your city-use WordPress Theme. Your cost? $12/year for a domain and $6/month for hosting.Place a free ad in Craigslist offering your new payday loan service. {Get a bank account 1st. Call yourself “Your City Fio Services” so the bank doesn’t pull an “Operation Choke Point on you.”Start SMALL $50 loans with friends, family… Leran the ropes. Eventually, get some payday loan software and “GO BIGLEY.”This is an abreviated approach! BUT don’t let fools tell you that you can’t do something: EVER. BE CUNNING! And collaborate with people smarter than you.Jer Trihouse Ayles
I need a payday loan. I have only a counter check given to me by chase on bank with my account nmber hand writ
I don't think you are going to be able to get one with only a hand written account number on your check. They want checks that are imprinted with your info. You would also need to provide your bank statements, paycheck stubs, utility bills, picture ID, and possibly your ss card. Look in the yellow pages under payday loans or loans to find the one near you.
I have a payday loan and I lost my job?
You need to find another job but you also need to contact them and let them know you just lost your job. They may be leniant and defer one of your payments to help you until you gain employment. Then pay them off and never use them again. Those places are set up to lure you in, tie you into a never ending payment and keep you in the trenches. When you get another job you should re-evaluate what put you in a position to use the payday loan in the first place. Review ALL of you finances and look at where you can reduce spending. You are on the internet so that is a start. Cell phone usage! Texting can be eliminated. Prepare your own meals Do away with the things you have as wants and take that money and start saving. If you do this for a couple of years, you will find that the money is way more important that worrying about what your friends are saying about your clothes, car, etc........
What happens if i cant pay my payday loans back?
you are in a difficult situation but you can still get through it if you are still working. you should start by contacting the payday loan companies and talk to them and let them know you are in a tough financial situation and would like to make arrangements to payoff the loan in 3-5 payments because you do not want to default on them and want to see if they would come to some type of compromise. Most payday loan companies are flexible as long as they get some payments. i do work in the industry and i would accept a repayment plan instead of nothing.
With these payday loans...what happens if you close your checking account account and just not pay them back?
Eek! Payday loan places are serious about getting their money. If you close your account, you are in breech of contract, they'll come after you, sue you, and you'll end up in worse shape than you are now. Call them and see if there is any way to have your interest rate lowered, or work out a more suitable payment option. They're vicious, they may kill your dog... Best of luck, Flamingo
I want an online payday loan but only have a savings account where can i go?
Do you have access to the Internet? Then you are just a few clicks away from getting cash! You simply need to fill out simple and easy forms. You will need to provide the lender with some personal information. You can read their privacy policy, which safeguards your personal information with them. They do not share it. It is secure and confidential. Once the information is sent across to the lender, they will do verification and approve your loan via an e-mail confirmation in a matter of a few minutes. As everything is processed electronically, no faxing is required at all. No paperwork will need to be faxed that makes the whole process a lot easier. Some lenders may use teletrack to cross check your credit history, others may simply ring you or your employer to ensure that your details are correct. http://payday-loan.we.bs/ The loaned amount can vary from $100 to $1000. It can be more for customers who have a long association with a particular lender. The cash is usually wired to your savings account overnight. The annual percentage rate is mentioned clearly on the lender's website, as per state directive. In regards to the repayment, some lenders may give you several repayment options; you can pay them by cash or postdated check, which will go for clearance on the next payday. Another option is to give them authorization to take the payment from your bank account on the due date automatically. You also have an option to ask them for a rollover to the next payday, on payment of a fee.