Anybody Tried a 'Payday Loan' Kiosk?

[bigleo48]

Always looking for something new and this machine was advertised in our carwash association's magazine.

http://quikcash.ca/businessopportunities.html

I have some big reservations about this and this particular business. But it's free to ask!

 

[pitzerwm]

I ran a check cashing business for 10 years (no payday loads as they were illegal) I'd say that there is no way that you could use this without a lot of loss.

 

[Whale of a Wash]

After they changed the laws in our state many payday loan stores opened up. Not many left a couple years later. Most would have you write a post -dated check for up to $500, and give you $400 cash. Then cash your check in two weeks. If the kiosks concept does work, there would be alot of cash in the machine. That might be a problem, unless attended all the time.