Survey from a Lender
Date: Wed, 03/27/2013 - 17:41
Hello,
I am in the process of opening a new payday loan company and we are in the process of designing our website. I have a few questions to ask all to help with our start. I appreciate the help.
1. Where is the first place you look for a payday loan shop? Google? A site like this? Word of mouth?
2. Would you choose one site over another because of the ability to make payments/pay more than the renewal fee online instead of having to make a call even though the renewal fee may be higher? ie, having to pay $70 every 2 weeks on a $200 loan instead of $60.
3. What type of loyalty program would you like to see? How about referral bonuses?
4. Defaults- I don't want a high risk business but the most successful loans from a lender's view are the higher dollar loans. Would it scare you away if you applied for a $200 dollar loan and were given a $500 dollar loan (with your permission of course).
Thanks for your help!
A Willing Lender
I am in the process of opening a new payday loan company and we are in the process of designing our website. I have a few questions to ask all to help with our start. I appreciate the help.
1. Where is the first place you look for a payday loan shop? Google? A site like this? Word of mouth?
2. Would you choose one site over another because of the ability to make payments/pay more than the renewal fee online instead of having to make a call even though the renewal fee may be higher? ie, having to pay $70 every 2 weeks on a $200 loan instead of $60.
3. What type of loyalty program would you like to see? How about referral bonuses?
4. Defaults- I don't want a high risk business but the most successful loans from a lender's view are the higher dollar loans. Would it scare you away if you applied for a $200 dollar loan and were given a $500 dollar loan (with your permission of course).
Thanks for your help!
A Willing Lender
If you don't want a high risk
If you don't want a high risk business then why are you creating a PDL company? Better yet why are you even going into the credit world?
1. Where is the first place
1. Where is the first place you look for a payday loan shop? Google? A site like this? Word of mouth?
You came to the wrong place. We do not ever recomend PDL's and we do our best to help bust them.
2. Would you choose one site over another because of the ability to make payments/pay more than the renewal fee online instead of having to make a call even though the renewal fee may be higher? ie, having to pay $70 every 2 weeks on a $200 loan instead of $60.
Duh, renewals and rollovers are prohibited in most states.
3. What type of loyalty program would you like to see? How about referral bonuses?
Loyalty??? TO loan sharks???
4. Defaults- I don't want a high risk business but the most successful loans from a lender's view are the higher dollar loans. Would it scare you away if you applied for a $200 dollar loan and were given a $500 dollar loan (with your permission of course).
Sucessfull loans? You mean ripping people off with preditory rates,.