A friend wants to go into the payday lending business. What should I tell him?

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Only if they want to perpetuate poor people staying poor - through predatory lending

likeuplifting

ask them how much is their soul worth

likesmart

I was actively pursuing a career in adult films at one point.

likefunny

As long as it’s legal... have at it. No one forces the clients to use your service. That’s the customers issue not the businesses

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Shit is evil

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It will always be profitable, you are not the creator of this system, that’s just capitalism for you. I say go for it

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Totally agree with EY1.

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If you think it’s easy you’ve already failed. Starting, owning and operating a business is never easy

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PwC 1 they didn’t catch that during the background check lol

Out of all the jobs on the planet, why settle for such mediocrity and unfulfillment

Not a job I'd be proud of.

Well, you all gave me the type of feedback I expected. Except the adult film star. He sees it as an easy cash making machine that he can just hire people to execute while he sits back and rakes in the $$$. Besides the moral issue, was curious if anyone had some true insight into running one.

So what advice did you end up giving your soulful friend?

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