Replies to post #65714 on Flexpower Inc. (FLXP)

[WillyBoyXXX]

It's funny. My wife watches my plays closely for non-PC companies which - when I buy - according to her: "Makes me an accomplice to their criminality"

She picked up on my EFGO play early on, moaning to me about their predatory loan practices (speaking in general about these huge rate, short term loan businesses), and I was able to tell her she was right, when I sold out in early March, adding how much profit I banked, and I would get rid of the rest as soon as I could.

To which she replied: "Well, do you think it will go higher?"

[garde54]

need to consider your overhead costs, employee salaries, utilities, taxes etc...etc !!!

If you only have one borrower in a day ... then your business is losing...

I tried that one time... borrowed 500 bucks , you issue check for 551 foe two weeks maximum. either you redeem it on the specified date or it will be encashed by them in the bank ! u need 24 hours after paying to be able to borrow again!

[newt69]

ratso: iam the one that posted about the fees. to me no way would i pay fees that high. but with these companies there is a high risk when you loan out money to high risk people. also if these people wanted to borrow money at a bank, the banks would laugh at them, then chase them out the door. also companies like the payday loan business dont make loans in the millions of dollars, so they have to charge high interest to pay for expenses. if it wasnt for the payday business there would be a lot of people that wouldnt be getting any money at all.
to me these people that get these payday loans either have awful bad credit, no credit, or need the money to get outta jail. new [ i know someone that had to use payday to keep from going to the slammer],lol