Lance took out a stack of money from the drawer, counted out ten five-dollar bills, lined them up on the table, counted them in front of the gentlemen, then stacked them together and handed them over.
"Can I ask why you chose us?"
As the gentleman counted the money, he said, "You are the only ones willing to lend me fifty dollars. They think it is too little and the interest is too high."
He had gone to other places to borrow money before coming here, but obviously he didn't get any.
It doesn't mean that there is no profit margin with fifty yuan. In fact, not only is there profit margin, but the profit margin is not small.
According to the current practice of financial companies, if you borrow 50 yuan, you may be asked to pay back more than 100 yuan three months later. This interest rate is really very high.
But there is also a problem here, that is, whether the money can be recovered and whether the costs to be borne are likely to be higher than the profits.
This is a very simple calculation problem. If the gentleman is unwilling to pay the money after the due date, or disappears, then will the various expenses of arranging two people and a car to find him and bring him back be higher than the profit of fifty yuan?
It might take them a week to find it, plus various other expenses, such as eating out, etc. The fifty dollars would not be enough to find the money he spent.
Even if the person is found and the money is recovered, there is still a possibility of loss.
Therefore, some financial companies are not very willing to do this kind of small business. At the same time, the high interest rates also discourage people. This is also the main reason why Lance focuses on business below one hundred yuan.
He will do the things that they are not interested in, expand the business first, avoid competitiveness, and then consider expanding upwards.
Lance made the gentleman not only sign, but also put his fingerprints on it, and wrote on the last line "I have carefully read the above content, and voluntarily acknowledge and am willing to bear all legal consequences", thus locking the legality of the contract.
Then he counted the fifty dollars in cash that Lance handed him, and the gentleman left happily with the money.
Lance took out a brand new notebook, wrote down his friend's name, and then wrote down the details of the business. "After his debt is settled, you can get a commission of... four dollars and eighty cents from this order."
My friend's eyes narrowed into slits while laughing. He just earned almost five dollars?
This money is too easy to earn, right?
Lance bumped fists with him and told him to keep working on it. He then took the things and went to a nearby bank.
"What business do you come on, sir?"
A manager in the lobby came up to greet them. Lance's attire looked different from those lackeys, and he seemed to be driving a car.
Wealth is the most effective pass in the federation, from strip bars to the presidential palace.
"I want to consult about the loan business."
"Loan?"
"plz follow me..."
The two walked through the nicely decorated lobby and came to the credit loan office. The manager knocked on the door and let Lance in.
This was an independent office. A man who looked to be in his forties was sitting behind a desk. He took the initiative to stand up and walked to Lance, stretched out his hand and shook his hand. "Please take a seat. What should I call you, sir?"
"Lance."
"Okay, Mr. Lance, you can call me Jonathan. As you can see, my job is to be in charge of the loan business."
"So..." He clasped his hands together and rubbed them together, "What can I do for you?"
Lance placed two checks and a contract on the table. "I want a loan of sixty-five dollars for two months."
Jonathan took a deep breath and first checked two checks, very ordinary checks that almost everyone had. He checked the account number on it, which was an account used by union workers to receive their wages.
Every month this money will go through the union and then into this account. This is very common in LOS City.
The majority of people here are low-level workers, so the influence of trade unions is surprisingly strong here.
Next was the contract. He carefully checked it and confirmed that there were no tricks in the wording. Then he asked uncertainly, "So, this is..."
"Collateral."
"The owner of these two checks has no money in his account now, but the first check will be cashed in a week, and then he will get his first salary, which is thirty-seven dollars. It's all here."
"This is his salary for next month, also thirty-seven dollars. I'll use these two checks that can be cashed to borrow sixty-five dollars. Is that okay?"
This was the first time Jonathan had encountered this situation, and he was a little unsure, "I don't know, to be honest."
"What if... this... gentleman suddenly lost his job." He tried to find a loophole here and then refuse this loan business that he didn't understand.
But Lance didn't give him this opportunity, "So I asked him to sign a work permit rental agreement. For four months, he can get at least sixty dollars in rental fees from any illegal immigrant."
"If you know something about the market, you will know that the monthly work card price has actually risen to 20 yuan, which is the current general price."
"In other words, there is a profit margin of 80 yuan."
The wave of protests against illegal immigration is coming to an end, but its impact is still continuing. The most typical example is the increase in the rental cost of work permits.
This can be seen as local indigenous people taking advantage of the situation, but there are still people willing to rent these work cards.
Because they have not worked for a month or a month and a half, the illegal immigrants who already have no savings may face the big problem of having no food to eat if they do not work again!
Nowadays, you can hardly see people distributing free food on the streets. Those crazy young people will knock all the food to the ground to prevent them from helping illegal immigrants who can't afford to eat.
Jonathan is a local and he knows this well.
The current personal loan interest rate of the bank is 12% per annum, which is 1% interest per month. 65 yuan per month is 65 points for a two-month term. Isn't this too little?
Jonathan was in a dilemma. He didn't want to facilitate this business because it was unique and unprecedented, and it might bring him trouble.
But no matter how big or small the amount of the business itself is, it is, after all, proof of a job, and banks value this very much. This is also what capitalists call an "attitude issue."
Just when he was in a dilemma, Lance added some weight on this side of the scale, "Actually I only brought one of them. I have a lot of such business, Mr. Jonathan."
"Thousands, even tens of thousands, every month."
"You probably understand what I do, so you don't have to worry about any problems with the loan, because I have already solved all the problems before they become a problem for you!"
Jonathan pursed his lips, "Thousands, or tens of thousands?"
Lance nodded slightly, "Maybe more."
He stood up and looked at the two checks and the contract again. "But we didn't do any of this, and a week later..."
"You can cash this check directly. I believe no one can cash it faster than you!"
Hearing this, he was somewhat tempted. This meant that the risk was a little smaller. Lock the account, allow inflow but not outflow, and then deduct what should be deducted. There would be almost no risk at all. "What about the other one..."
"Same operation, the extra money is transferred to my account."
Jonathan thought for a while, then put his things on the table and held out his hand, "Do you want cash or a check?"
"Also, you need to give me a letter of authorization to authorize me to handle these two checks. You know, in case there is a problem, we need to know who should bear these responsibilities!"
Lance held Jonathan's hand tightly, "No problem, you will find that today is your luckiest day!"
Jonathan smiled and waved his arms twice, "I hope so..."
With such a strong guarantee, it is very easy to borrow money from the bank, which means that Lance has already made a profit of fifteen dollars without doing anything.
Although the bank will deduct the profit from his "loan" two months later, which adds up to 2% of the sixty-five dollars, or one dollar and three cents.
But compared to the fact that he can get part of the money now, which is 65 yuan, the loss of 1.3 yuan is completely acceptable!
Moreover, in this process, the funds are constantly rolling. It can be said that he is willing to give the bank more money, because he gives the bank more money, which means he can also make more money!
Erwin is still worried that Lance doesn't have enough money in his pocket. If he doesn't have enough money, he won't even act as an intermediary for Alberto, he can do it himself!