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Monday, 02/05/2007 2:12:09 PM

Monday, February 05, 2007 2:12:09 PM

Post# of 143047
Actually, we had a payday loan center within our business that done quite well. We since have sold our entire business. In a small 10,000 population town we have 5 of them. The one we operated was in a town of only around 3,000 population. These places are everywhere. Customers are based on around 10% of the population. I agree, that making the loan week to week is cheaper than going to the bank and most banks will not loan a small amount of money anyway. Now, if they don't pay it back within reason, the interest is astronomical. To me, CHNW has so much more to offer than the payday loan accounts. I'm looking at the whole picture:) Just my opinion!


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