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 Posted: Sat Dec 08, 2007 7:26 am
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I see that on the Cash Today website it says this:
| Quote: | "We’re sorry for the inconvenience, but we are currently not accepting any new applications until the 13th of December.
Please come back then to reapply.
Thank you for your inquiry,"
CashToday Management |
Do you think that there capital dried up on them???
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njl32
Joined: 24 Oct 2007
Posts: 100
Debtcc Points: 2451
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Posted: Sat Dec 08, 2007 8:35 am
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Why am I leaning towards saying "no"? I don't think we would ever get that lucky. It is odd though.
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cannr
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Joined: 07 Jun 2007
Posts: 9363
Debtcc Points: 124756
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Posted: Sat Dec 08, 2007 9:14 am
Latest Blog Post : Yardwork...Season 2 |
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Probably because they're too busy ringing my phone with the "legal department". LOL
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Jessi
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Joined: 01 Dec 2005
Posts: 3466
Debtcc Points: 20206
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Posted: Sat Dec 08, 2007 9:19 am
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I heard a rumor months ago that they were going out of business. Maybe this is the first concrete sign.
_________________
"It isn't easy being a fat narcissist."
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FreakyFriday
Joined: 13 May 2007
Posts: 268
Debtcc Points: 4314
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Posted: Sat Dec 08, 2007 12:45 pm
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It seems that these lenders own business practices tend to ruin their business over time. I would imagine that if they just charged a normal "high credit risk" rate of interest, say even 100%APR, compared to 500%APR, and also made it simple and easy to actually pay back the loan in full your next paycheck, they would save lots of money on paying people to call all the people that default. Also, as more and more people find out that most of these companies are unlicensed/illegal, it would seem that there would be plenty of people out there more than willing to just take a bunch of loans and close down their account without paying a penny back.
These companies just confuse me with their business practices, especially the whole operating without a license, it seems that Delaware will give one to anyone....
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njl32
Joined: 24 Oct 2007
Posts: 100
Debtcc Points: 2451
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Posted: Sat Dec 08, 2007 2:28 pm
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Could it be that all of their collectors have quit and they are looking for people who will work for peanuts?
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kscornell
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Joined: 22 Jul 2006
Posts: 3429
Debtcc Points: 31850
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