Hey fam, I'm looking to start a pay day loan business here in Trinidad in the Caribbean if anyone knows or has info on how or where I can get pointers to start the business it will be greatly appreciated
Here in TnT we have money lenders, who sit outside banks or factories and lend money, they don't lend to each & everybody and most of the time they dont have money to lend.
I want to do it in a more commercial way like how it's done in Europe & America. I would like for people to pre register via my web-site where based on there verified info get a re-loadable card and when ever they need a little extra cash they call & we load the card with the qualifing amount or less, for 10 to 15% per week. The longest money will be outside is 7days, 14 days to 30days, after that you can start a fresh again. I'm willing to lend much bigger money on vehicles, land & houses for a 90 day on vehicles where u park the vehicle on my lot and when u pay u collect and on the land & houses you can borrow on it for 365days. But the intrest on these things will differ from that of the payday loans.
I use to invest in it with a friend of mine who use to pay me intrest on a 3 mth basis of 30% on my invested Amoy t but he came and died last year and I say I could get NGO the business cause it seemed very lucrative.
So any help or advice needed will be greatly appreciated.
Also if there any angels here who are intrested in the business hit Me up & we can work smeting out in a legal manner through our lawyers.......
Thanks in advance for any info, advice, software or books.......
Here in TnT we have money lenders, who sit outside banks or factories and lend money, they don't lend to each & everybody and most of the time they dont have money to lend.
I want to do it in a more commercial way like how it's done in Europe & America. I would like for people to pre register via my web-site where based on there verified info get a re-loadable card and when ever they need a little extra cash they call & we load the card with the qualifing amount or less, for 10 to 15% per week. The longest money will be outside is 7days, 14 days to 30days, after that you can start a fresh again. I'm willing to lend much bigger money on vehicles, land & houses for a 90 day on vehicles where u park the vehicle on my lot and when u pay u collect and on the land & houses you can borrow on it for 365days. But the intrest on these things will differ from that of the payday loans.
I use to invest in it with a friend of mine who use to pay me intrest on a 3 mth basis of 30% on my invested Amoy t but he came and died last year and I say I could get NGO the business cause it seemed very lucrative.
So any help or advice needed will be greatly appreciated.
Also if there any angels here who are intrested in the business hit Me up & we can work smeting out in a legal manner through our lawyers.......
Thanks in advance for any info, advice, software or books.......
Last edited:
