I would like to start a check-cashing services business but I am not familiar with basic business operations as cheque cashing, payday loans, bill payment, money orders, and money transfers.
Basically learn as much as. Ask owner of a check cashing company how did they get started and get as much information as possible. Check out some check cashing franchise's.
I recently became a sales rep for this company make touchscreen kiosks with alternative financial services for the unbanked (check cashing, payday loan, money transfer, electronic bill payment) and are partnered with major advertisers (Walmart,...
, are governed by Government regulations. Hence, the regulated funds will not able able to take up the type of investment mentioned in the question. Funds, such as, Mutual Funds, Pension Funds, etc.
2nd question. can I get this taken off my credit report. I have a Payday Loan/Cash Advance that I didn't pay back now its on my credit report.
They extended you credit and you didn't repay them according to the contract (it's like 5 or 6 pages that you have to sign to take out these loans, lots of small print that informs you they can report you if you do not pay). Of course they can.
Constitution Senator Wendy Davis, likely the Democratic selectee for governor, has called for the head of the Texas Finance Commission to release, or for Gov. Davis' action follows comments that Cash America Shortcoming President William White made to a reporter following the December meet of the Finance Commission in Austin. Source: www.myfoxdfw.com
Bi-weekly cash-grab: The Bureau alleges that the Hydra Group puts money into consumers' accounts without authorization. After depositing the payday loan , typically $200 or $300, it then withdraws a $60 to $90 “finance charge” from the account every two
Following a review of debt collection practices at ACE Cash Express, a payday loan company, the bureau announced a July 10 enforcement action requiring the company to pay $5 million in refunds and a $5 million penalty. Between 2011 and 2012 ACE
The Hydra Group was also sued by the FTC. Over one 11-month period between 2012 and 2013, the defendants issued $28 million in payday “loans” to consumers, and, in return, extracted more than $46.5 million from their bank accounts, the FTC alleged.
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