Successful Payday Loan Businesses are collection business.

Successful Payday Loan Businesses & Check Cashers are COLLECTION BUSINESSES is the main theme of Jer’s most recent post. I also think it’s the most generous of his posts. The post title is Collections. I think this is especially helpful for the newbies.

I like this statement, “If it’s not verifiable it’s not collectible.” Approving loans can sometimes feel like a pressure cooker, but you can’t let the data slide.

Another piece of advice you should write down is “NEVER make threats!” Fear, as a tool, can really back fire. They either turn off or can report you.

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