Much as I detest PayDay Loan companies I do see that there is a need for a short term loan service.
Is Unbolted a good alternative?
It's more of a Pawn Broker service than a PayDay Loan service (you have to have assets to the value of the loan in the 1st place) so isn't really a service for those desperate for quick loans with no security.
Provided Unbolted don't get greedy and don't loan to people they shouldn't I like the look of this.
Also the funds for the loans appear to be provided by people who register as lenders, effectively making Unbolted the middleman in a peer to peer loan service.
I hope greed and the copycats jumping in doesn't ruin it as there is a need for a service like this, not really for those with no money or assets, but for those who have assets but need quick cash.
I see Unbolted as a sort of Yuppies pawn brokers in a way.
#unbolted #paydayloans #pawnbrokers