The sector of Payday Loans and Cheque Cashing is on an upward trend in BC. According to Aggregated Payday Loans data published by Consumer Protection BC, the total number of individual borrowers rose from 146,701 in 2013 to 198,003 in 2014.
Other areas are also showing healthy growth. The average amount of all loans issued per location increased from $1,277,652 in 2013 to $1,406,216, a healthy 10% increase year over year. Additionally, the average amount of fees earned per location has increased from $277,877 to $307,802 in 2014. Although we can’t publish projections online, you can learn more by contacting us. We’ll be happy to discuss our track record and projections with qualified applicants.
*All data from BC Aggregated Payday Loans Data, Consumer Protection BC. Read the 2014 Report online.
At Money Money, we’ve used our considerable business acumen to refine a proven service model. It takes a combination of great service and hard work for any business to succeed. That’s why our corporate team has modelled the business around your success.
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Benefit from marketing and advertising support.
Low capital requirements and minimal competition.
New services will gradually yield new revenues.