PAYDAY LOANS

Get expert opinion. This is the place for new questions to be posted.
33 posts Page 3 of 3
 
 

plasticdaft

User avatar
Forum Expert
Posts: 9562
Joined: Wed May 21, 2008 12:45 pm
Location: United Kingdom

Post by plasticdaft » Sat Sep 04, 2010 8:04 pm
It amazes me that any pay day loan companies actually turn a profit. I wonder what % default on them.

Robbing so and so's!!

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:

Post by Adam Davies » Sat Sep 04, 2010 8:41 pm
Hi
One of the major playes has defaults under ten percent and applications running into thousands a day !!
Big business and very profitable if you get it right
Regards
Andam Davies
 
 

plasticdaft

User avatar
Forum Expert
Posts: 9562
Joined: Wed May 21, 2008 12:45 pm
Location: United Kingdom

Post by plasticdaft » Sat Sep 04, 2010 8:54 pm
What would a normal laon companies rate of defaults be do you think Andy? Clearly this kind of last ditch lending must be riskier than normal but just curious. Not sure how we didnt end up using them but I suppose we got help just in time.

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
33 posts Page 3 of 3
Return to “Ask IVA Forum and Industry experts”