Start a Cash Advance Business
Payday Loan Portfolio For sale
There was quite a response to the payday loan Internet portfolio being offered for sale. And of course, there are plenty of questions. As a result we have posted more information here.
Here are the details. You would take over their established (DBA)domain.
You would own the web site, the software and the clients including the entire portfolio.
You would apply for a license and then take over the DBA. You would then assume the agreements with the software company and the call center at zero startup/setup costs.
They are looking for $150,000. They will take 75,000 down and balance within 60 days. NEGOTIABLE!
They have $109,275 in active loans (293 loans) ($87,900 principal) earning 50% per month gross. Additionally they have approx $60K in default and working.
No web design fees! No call center or software set up fees! Gain entry to the payday loan industry with a complete turnkey solution.
Price Reduced!! Sellers are motivated
Q)Name of software company involved? Can we use our own choice?
A)PAYDAY LOAN MANAGER BUT CAN CONVERT
Q)Need to sign a ND?
A)YES BUT WANT PHONE CALL WITH THEM FIRST
Q)Who is his call center set up with?
A)COMPLETE CALL CENTER SOLUTIONS IN NV.
Q)How long has he been in business?
A)7 MONTHS
Q)Is he a corporation or ?
A)NOT BUYING CORP BUT BUYING ASSETS AND TAKING OVER DBA
Q)Is he using the state licensed model now ?
A)ONLY UTAH
Q)If he is licensed in only 1 state and lending to every state which license does he have?
A)UTAH