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plasticdaft
Forum Expert
- Posts: 9562
- Joined: Wed May 21, 2008 12:45 pm
- Location: United Kingdom
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.
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Adam Davies
- Posts: 14596
- Joined: Thu Mar 29, 2007 12:21 pm
- Location:
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
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plasticdaft
Forum Expert
- Posts: 9562
- Joined: Wed May 21, 2008 12:45 pm
- Location: United Kingdom
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.