Welcome To SingingPig.co.uk

Pal:

I hope that clarifies it. If not fire back and I will try again.

That's perfect. Thanks Paul

I think you need to change your area.. A few miles down the road and a card in a shop window will produce better results....Unless you are living in Scumbag City..Where are you based?

Understandably, you are reluctant, but if you keep to 10 clients, there is no point..Give it large man

Tass

You are right Tass.

I think this business is 'go for it or don't.'

The law of averages will take care of the rest, and believe me, 15 clients a week is easy peasy.

Craig

I agree as well. I used to worry about a client that didn't pay for a couple of weeks but I don't now. I am up to 120 clients and have 6 that are crap, although 4 are in touch, but "having problems". I am now finding that I am getting about 5 a week without any flyering at all - and am happy with that growth as no new capital needed - the income is now covering new loans. Stick with it and unless you have the area totally wrong, I am convinced it will work out in the end.  As one of my old American colleagues ( the only one I ever respected ) used to say - GO BIG OR GO HOME ! 

Just chucked my J(ust) O(bove) B(roke) in earning 60K per year to do this business. Hope my licence comes through considering my checkered past..Ahh..scary

Tass.....

You are one to be admired!!!!! Best of luck mate, and well done taking the plunge!!

Craig

Thanks Craig...much appreciated....

I own a few properties and have bought Pal's manual and Rialto's manual, and intend to "just do it"

Have been considering chucking in job for a while now and it is a well scary prospect...but if I don't d it now, I never will.

Hopefully left on good terms ("shove it up your ars...").Maybe not ...Burn those bridges

I wish everyone good luck in their own adventures and hope you all wish me the same.

Regards

Tass

My area is a 'normal' council estate - a mixture of a all kinds of not-overly-rich people. Several of the houses are now privately owned but most remain under council control. Some of the houses are a credit to their tenants while others are unfit to keep a pig in. However, it's not an area where anyone need be frightened to walk the streets.

I have a friendly relationship with all my clients - even the three that clearly have no intention of ever paying a single penny between now and Doomsday.

However, I also have a good deal of common sense which tells me that handing bundles of money out to strangers who can never ever be compelled to repay a single penny is folly indeed.

There has been mention on this forum of suing bad payers and that suggests to me that the lender must have been in those people's houses and seen goods that a bailiff could seize.  Most of my clients have nothing that a bailiff could seize.

There has also been mention of clients paying two or three weeks in advance and/or paying double or treble if the collector doesn't call for a fortnight or so. It astounds me that anyone who could pay in that way would need to borrow money in the first place.

Clearly, something is going wrong and I shall most certainly not be ploughing blindly ahead in the hope that the law of averages will come to my aid. Anyone who thinks I should do so is quite welcome to send me £50,000 which I will lend out as soon as possible and return all repayments and interest on same to the person who sends the money. I won't charge a fee for my services and I'll even pay for my own petrol.

Now, how good does 'going large' sound when it's your money that's at stake? 

But seriously though, folks - I really do need to attract a better class of client!