Cash Generator generating cash
April 20, 2009 | alternatives, industry, international | Comments (0)From a business story out of London:
Cash Generator Ltd, the second-hand goods, pawnbroking and money-lending chain, is finding more customers thanks to the recession, with sales up 5.9 per cent in the first 10 weeks of its new financial year.
Its stores offer pawnbroking loans at rates of 7 per cent per month and short-term loans under its Payday Advance scheme at rates of 14.5 per cent per month. APRs on these deals are 125 per cent and 407 per cent respectively.
Hard to see anything wrong with this. Helping people who need help and making a profit.
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