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  #1  
Old 03-19-2007, 01:10 PM
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Default What is the best PDL out there?

Hello again.
I came here about three months ago and asked a few questions for some research I was doing about PDL's and what draws people to certain PDL loan companies. The moderators on this board didn't seem to like this and the thread was closed, but I did get to do research on another board that caters to people with the same types of needs.

My loan agency was opened on Jan. 1st 2007. Since then we have given out over one thousand payday loans. I would say 40% of those loans have gone into default. I know the risk that is involved in giving out these types of loans and expected that. On average for every $100 dollars that we loan out, I get a return of $152 dollars. Not bad for a start up business huh.

We accept all types of customers. If you would like to use my services, goto no soliciting business on this site. We are commited to providing excellent customer service, quick deposits into your accounts, no credit checks and I will personally monitor these forums to help solve any problems that you while doing business with us.
Thank you,
Gustov Johansev
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Old 03-19-2007, 01:11 PM
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nasdam007 nasdam007 is offline
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This board is to Help people GET RID OF PDL..not to entice them..
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Old 03-19-2007, 01:17 PM
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I doubt anyone that uses these boards is interested in taking out another pdl . . . .
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Old 03-19-2007, 01:18 PM
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I'm sorry, but you're wasting your time here. This is a place where people come to get help with their debt problems.

Please read the forum rules before posting again.
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Old 03-19-2007, 01:19 PM
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I understand that, but there will always be a demand for quick loans. People would be more comfortable doing business with someone they know they can go to if a problem arises.

Sorry about the solicitation. Intead of giving out the sites name, I search the forums for dealing with my loan company. Hopefully there arent too many complaints
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Old 03-19-2007, 01:21 PM
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goudah2424 goudah2424 is offline
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Quote:
On average for every $100 dollars that we loan out, I get a return of $152 dollars. Not bad for a start up business huh.
You are taking that $52 from desperate people that cannot afford it, but feel they have no other choice. The default rate is so high because these types of loans are almost impossible to pay off in a reasonable amount of time. You make profit off other's misery. And yes, that is bad, huh?
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Old 03-19-2007, 01:21 PM
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understand that, but there will always be a demand for quick loans. People would be more comfortable doing business with someone they know they can go to if a problem arises.

Sorry about the solicitation. Intead of giving out the sites name, I will search the forums for questions dealing with my loan company. Hopefully there arent too many complaints
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Old 03-19-2007, 01:21 PM
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NONE.CLEAR ENOUGH!
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Keeping an eye out for consumers.
http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm#809
http://www.ftc.gov/os/statutes/fcrajump.shtm
http://www.debtconsolidationcare.com.../about216.html
Use this letter to protect your rights under the FDCPA
myfairdebt.com & myfaircredit.com-Good source of case law in forums.
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Old 03-19-2007, 01:22 PM
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What is the best PDL out there??? Who is the nutjob trying to kid? I think we are all in agreement that PDL's are as bad as having a drug addiction....THE BEST PDL OUT THERE IS NO PDL EVER!
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Old 03-19-2007, 01:23 PM
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Here's an idea for you..

Instead of attempting to gain customers here, why don't you observe what the board members are saying and offer advice on how to deal with companies? We've never had a PDL offer true advice that we could use. I for one am open minded. While I think PDLS are a very bad thing, I honestly think you could lend some valuable insight.`
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Old 03-19-2007, 01:24 PM
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Quote:
Intead of giving out the sites name, I will search the forums for questions dealing with my loan company. Hopefully there arent too many complaints
Looking for questions on your loan company? Interesting! Are you trying to get them back, or track them to harass them?
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Old 03-19-2007, 01:26 PM
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Quote:
What is the best PDL out there??? Who is the nutjob trying to kid? I think we are all in agreement that PDL's are as bad as having a drug addiction....THE BEST PDL OUT THERE IS NO PDL EVER!
You beat me to it
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Old 03-19-2007, 01:27 PM
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I figured that I might get some tough responses and I understand that. Many people don't understand the consequences of such a high interest rate. When filling out a loan application, the borrower is told on the application at least 5 times that this loan is not meant to be a long term loan. It is meant to be a quick fix. It is much easier if the borrower takes our advice and pays the loan off the first due date, rather than to keep renewing.

It is their choice whether or not to renew, not ours. I cannot stress important it is that these types of loans be paid of ASAP. Remewals are where the majority of our profit comes from.
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Old 03-19-2007, 01:31 PM
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That sounds like a good idea finsfan. If anyone has any questions for me I would be glad to answer them.
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Old 03-19-2007, 01:32 PM
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Guys, lets see what this person has to say. He isn't being agressive or nasty...He/she could help!!

PDLme, what kind of advice do you have to offer?
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  #16  
Old 03-19-2007, 01:32 PM
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Duh, that's right, we are all idiots here that can't read paperwork. If you read through these threads you will notice that most pdl's BREAK STATE LAWS. That is out complaint. These companies continue to debit accounts after loans are paid, sell your info to other pdl's that then deposit money without even contacting the person, and make it so you can't even find their contact info to request that the loan be paid off.

I know all companies aren't like that, but most of the internet ones are. Some of these companies do things completly over the phone, no contract is ever signed. So don't try to tell us how many times it tells us anything.
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