Flexpower Inc. (FLXP)

[ratso1]

Here's a link of a study of payday loan companies that was done in Texas:

http://www.consumersunion.org/pdf/paydayloans2.pdf

The information is somewhat dated (1999), but it looks as though there are a range of fees, from a low of $20/hundred up to $40/hundred. Most charge $33/hundred.

Someone posted earlier today that these APR's are not outrageous, but, from my perspective, a $66 fee for a $200 loan for just two weeks is absolutely sinful. JMHO.

I never looked into this side of the business until the question was brought up, so this is a eye-opener for me.