Payday lending’s final days? Not by a long shot

Many payday lenders are concerned over the forthcoming consequences brought upon by the financial bill that was passed by the Senate and signed by the President yesterday. Their concerns regard new regulations on the payday loan industry by the federal government. Many payday loan lenders, such as Payday Loan Trust, believe these regulations are too restrictive and hand too much power to the respective payday loan State. These new regulations will be counterproductive to payday loan business operations, as it will hurt their business and may result in downsizing. In the long run, a new wave of layoffs and shutdown businesses from the payday loan sector will go on to hurt the struggling economy even more.

A recent payday loan article from The Huffington Post claims that the new financial bill will put an end to payday lending because it enables banks to compete against payday lenders for short term high interest loans. According to the article, “If banks want to grow in the future, they will have to adapt their business models to serve the credit-challenged population.” In the same article they go onto say that 1/3 of the US population is at high 30 day credit risks, lending out money to high risk borrowers in Florida will only put banks at more risk. The fact of the matter is, big banks will never be able to compete with short term lenders so long as they are attached to Wall Street. A 30 days payday loan of $100 could cost banks a lot more than a payday lender simply because of banks operating costs. Take into consideration bank business costs and overhead, their employees, and their executives salaries and bonuses, a banks will not be able to be profitable on short term loans.

The new financial overhaul is here to put caps and limits on all types of short term loans, including payday and title loans, and to curb predatory lending. It is simply wrong and naive analysis to think that this bill was going to shift the short term lending industry from payday loan lenders to bigger lending institutions like banks.

lenders moneyIn addition, studies show that many Americans from Flroida have lost faith in our banking system because they see it as a direct correlation to the downfall of the US economy. They will continue to fear hidden fees tacked on by banks even if the new bill forces them to “advertise their fee structures as clearly as a McDonald’s menu.” Americans are smart people and they know it was big banks and Wall Street that failed America back in 2011, not payday lenders.

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3) It’s not until the 3rd call that they tell you it’s Herbalife. During the same call they start really pouring it on and then they tell you that they’re going to teach you how to make $20,000 a month in the next 90 days or less. They get you all hyped-up and then tell you that you must “sign-on” first for $299 to get started. You still don’t know what you’ll be doing and won’t until several calls later.

4) You order signs, through outside venders however, I wonder what hidden relationship they have with these people since EVERYONE uses the same 2 or 3 sign makers and they are continuously promoted.
You MUST use Mailboxes Etc, not the Post Office so you can build a wall around your identity. Mailboxes cannot divulge personal information about you, the PO will because it’s public record. The 2 voicemail boxes are also through only one company because they download the same messages for EVERYONE! All the other materials like the Decision Package, CD’s, lead generation mailing labels, booklets, etc. are ordered from NWTW! Can’t do the system any other way!!!
Education Loan Consolidation
I have ALWAYS hated putting up signs but they bombard you with reasons why you’d better do the signs because they attract so much business!! I did them for about a few weeks and stopped because it I got tired of worrying about doing something illegal. I STILL have over 200 in my garage!!! Not to mention all of the Decision Packages I had to buy that I was never was able to get rid of or that were returned for a refund!!!

I can answer all your questions because

I was involved with Herbalife for over a year before i got involved with the Newest Way To Wealth. That is where my worst nightmare started and would up losing over $25,000!!

First off, read my other postings regarding the Newest Way To Wealth. Many of your questions will be answered.
https://www.govloans.gov/loans/loan-details/1507
1) Keeping in mind that this is a “system of duplication” everyone is taught by their upline  to do things the very same way. So putting up signs are a huge encouragment! Everyone is told that they must pick three methods of advertising from the list: newspaper ads, signs, business-card sized flyers, hot pockets (you make little paper pockets with double-sided tape on the back, put some of the business-card sized flyers inside and then stick them anywhere and everywhere!!), CD’s (contains the same material in the Decision Package 1 and
2)auto dialers and mailing lists. Most people pick signs, flyers or hot pockets and newspaper ads because they are the easiest to do.

2) EVERYONE KNOWS they are illiegal!! They even have an attorney out there doing them who has told everyone at the “trainings” not to worry about it because no one ever got arrested for posting signs”! They tell you that whenever you get a message from the County or Police Department (and you WILL) to just delete the message because they will never find you. Then they say to cool it in that area “for a while” and go back again later.