Comment of the Day
December 19, 2008 | Uncategorized | Comments (0)The author of “The LawrenceJournal World” says, “Another company offers a $25 refund if you refer a friend. Friends don’t let friends borrow at these rates. I know. If I had a friend who was desperate and I didn’t have the money either, I would probably refer a friend.”
As the owner of several payday loan stores I can assure you a GREAT NUMBER of our clients are referred by family and friends of those in need of our payday loan products.
Typically, friends and family members have already been “tapped” by borrowers in need! The borrowers failed to pay back the friend or family member so the borrowers are sent to us.
If I heard it once I heard it 1000 times, “My son needs $300 to fix his car to get to work. If I loan him the money I’ll never see it again. Can I bring him down to your payday loan store so you can lend him the money”?
The “son” has nowhere left to go! Credit cards, friends, family, employer have all been used and abused.
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