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Author: frissy Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 64  
Subject: Re: CNBC story Date: 4/17/2001 3:53 PM
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"We offer"? I gather you work for the competition to ACE? Sure there is competition, it is a market that has a HUGE potential. However, as you research, look at the management styles. You will find ACE is very conservative, and mindful of their investor's money!

Yeah, I do work for MoneyMart, and that is how I know that this business can be very profitable. Especially now that banks are getting downright rude with people who don't hold accounts with them.

Unfortunately, losses can also be big. Improperly trained (or lazy) employees (or those that just don't give a rats patoot) will cash anything that comes in the door, neglect to acquire the necessary recourse in case it does come back, or just dump a RI in a drawer and not even try to collect it. Even worse are the ones that just walk out of the store with $4000 in their pockets and never come back.

Believe me, if I had a couple of thousand just lying around, I would dump it into AACE, especially now that it is at a bargain price due to loan losses. We've had the same thing happen at DFG, and they're running us managers ragged to keep Payroll down.

frissy-fris
dying of boredom in the midst of her 3rd 13 hour shift in a row!
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