What Happened To Payday Loan Industry For Affiliates

For sure the regulatory changes will impact the market, there is a need for consumers to have access to short term loans, what the right mix for this is I am not certain, but I am able to quickly pivot to more reputable lending platforms with an established traffic base, just trying to figure out what avenues make the most sense and allow for a solid ROI from an online marketers perspective.

Thanks, essentially I think all of cpa sites like peerfly are actually further down the transaction stream and send their traffic to the lead aggregators who then filter leads through a ping tree to find buyers

All of the companies I mentioned promote monetization up to $220 per lead, ive done over 20k leads in 3 years, never once have I seen a lead sell for over 150, the real issue is the EPL has dropped so low, which is crazy because to advertise on Google adwords for these terms is $5-10 per click which no one would do if there was not $ somewhere in the pipeline.

I am just unclear if the market is really that bad, if the companies I am working with have gotten overly greedy and are really paying what the market indicates or if pushing my traffic closer to the end user via a different platform would improve my monetization.

I agree. Payday loans are the biggest ripoff going. Arizona made them illegal several years ago. There were tons of check cashing stores that had to shut down because the majority of their business was these predatory loans.

I wouldn't even feel comfortable promoting something like that. Another loan they are trying to stop here in Arizona are those ridiculous automobile "title" loans. Another huge ripoff.

I know sometimes people get in a bad way financially but to put up the title of your car for a measly $500 is absolutely ridiculous. Think about this for a second. These places that give title loans are actually hoping that you can't make the payments so they can come and repossess your vehicle. Imagine losing your car to these people for a lousy $500?

I don't know what people are thinking sometimes. If they have to go and put their car up for $500, what makes them think that they are going to be able to come up with the money to make the payments? Not to mention that the loan company makes it damn near impossible to pay the loan off.

Some of these companies charge 300% interest on these loans. That means if you borrow $500 you end up having to pay back $1500. That is outrageous. I wonder what the percentage is of people who default on these loans. I bet it's greater than 50%.

I understand in the end that people are responsible for their own actions, and nobody is forcing them to take out a predatory loan, but I feel if they were outlawed then people would not even be able to get themselves into the position of losing their car over a lousy few hundred dollars.

Not to mention the fact that when these people start to come after you to collect they are absolutely vicious. They think nothing of calling you 10+ times a day, calling on holidays, calling your employer, your family members, threatening to have the police come to your house and arrest you, etc.

Again, I know nobody is forcing these people to go and get these loans, but I still think they shouldn't be legal, or at least they should have some sort of regulations as to how much interest they can collect.

Many industries in the affiliate space have similar horror stories, just not as much scrutiny (supplements, mlm, getting rich by working online, etc).

Perhaps as the marketplace seems quite out of proportion. Either the lead companies are screwing their affiliates or the market or their is another avenue that I have yet to discover.

Im sure you can host and post, but this involves more technical know how than I have. I have previously used Java forms they provided.