Originally Posted by
MinnesotaFats
Nope
New technology allows ACH at 301 am day of deposit, and generally users cannot access their account to withdraw funds till 501 day of deposits
So, limit the loans to people who have *************** from work, city, county, state, fed, child support, etc...
Or lend to known check cashing customers
Truth is the Hispanic borrowers don't default, they generally are an honest hard working class of people. The black women default by closing checking accounts....I honestly haven't had a credit worthy black male customer in several years so....
Default rate low teens. Package and sell quarterly to Diversified (collection agency) for 40 cents on dollar, take write off