Im finally going to do it (side business)

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SSI

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start loaning money, out of my store.... i almost did this a year ago..... the return is simply too great..... i know its sort of shady but people will borrow it somewhere else, if not from me....

Loan $200........ payback $220 in 14 days........

Leaving me an undated signed check as insurance that ill get paid...

but the trick is, you dont want the $220...... you simply want just $20... then they will owe you another $220 in 14 more days... and then the process just keeps repeating..

Loan $20,000 and make $1000 per week off of it......

if they try and rip me, i simply run the check thru my store and carry out the process of a returned check.... they wind up making payments at the courthouse, along with court costs..... most will avoid this route and come up with the $20.....

200 customers and im set.......

4 or 5 of these in my town and they get $30 on their $200 every 2 weeks, i can live off $20....

i already have enough regular customers (of mine) that do this (sad to say), they now can borrow from me.....
 

"I like ketchup. It's like tomato wine."
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start loaning money, out of my store.... i almost did this a year ago..... the return is simply too great..... i know its sort of shady but people will borrow it somewhere else, if not from me....

Loan $200........ payback $220 in 14 days........

Leaving me an undated signed check as insurance that ill get paid...

but the trick is, you dont want the $220...... you simply want just $20... then they will owe you another $220 in 14 more days... and then the process just keeps repeating..

Loan $20,000 and make $1000 per week off of it......

if they try and rip me, i simply run the check thru my store and carry out the process of a returned check.... they wind up making payments at the courthouse, along with court costs..... most will avoid this route and come up with the $20.....

200 customers and im set.......

4 or 5 of these in my town and they get $30 on their $200 every 2 weeks, i can live off $20....

i already have enough regular customers (of mine) that do this (sad to say), they now can borrow from me.....


It's called being a "loan shark".
 

SSI

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thats so harsh..... i prefer the term, payday loan.....

i know this is a shady low life business but they will borrow it somewhere else.....

there is a man (now retired) that ran a store (convenience store) for years, that became very wealthy doing this.... he went as far as financing peoples home...... he has been encouraging me to do this for some time now..
 

powdered milkman
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i can live off $20


somehow i dont doubt this
 

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dude,

if you own a store and these people are already your customers just open a line of credit for them. $200 of product = $180 of cash... so you give someone a line of credit for $200 of product, they make bi weekly payments with interest. No license and No hassles from the government, and instead of risking $20k you're risking $18k and you'll still have their check.
 

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Dont get involved with that "Old School" system....I'm sure the courts have seen this type before if not all the time.....Beware SSI....Thats way to shady and if you cant afford jail time dont do it.
 

SSI

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steak tartar, thats $20 in interest on $200 in 14 days........ im sure you knew that.....

the other stores get $30.....

buddyboy, not a bad idea but im loaning money, they need it for drugs, rent, things other than groceries........

this will all be done out of my pocket,,,,,,,,, no public advertising......
 

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Some are saying this will be illegal, if so how could you take people to court if it's illegal? Are you going to get a license to do this?

Good luck man.
 

AIG Bonus Recipient
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u will burn in eternal hellfire for taking advantage of the poor...

gl with it///if it works...i may open one
 

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Are you a licensed loan officer or a financier? Or are you just going to be giving credit out of the back of your store? Best of Luck but I wouldn't do that in my place of business without going through the proper channels-

Maybe I miss read and this is all legit, If so, congrats on the new biz
 

FreeRyanFerguson.com
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Wouldn't this fall under racketeering? Probably will damage your credibility, if you're talking about Jesus to them in one sentence, then loaning money to them Tony Soprano style the next.
 

SSI

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Illini, ive wrestled with that one for a while....

Let him without sin, cast the first stone....

you guys dont know how things operate down here in the South...... its a very much: "Good Ole Boys" network.....
 

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SSI, if you go back to your *One play a day* system, I think that would suffice
 

SSI

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maybe but that has nothing to do with loaning money,,,,,, to "friends".....
 

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