As mentioned earlier today, this is the sleazy underbelly of franchising.

Oh, I know they are a "check cashing chain"– Those extortionate 417% payday loans for "emergencies" are just a community service.

By their own account, their average customer has 5 "emergencies" per year, at a 417% interest rate.

The New York Times did a series awhile back about the trail of devastation left in the wake of these "payday loans" and how they ruin families; tiny loans can quickly balloon into thousands of dollars as they are "rolled over". A particular target is minorities (see their "Community Fund" report –take a look at the ethnicity of the joyous recipients of ACE largesse), who already have a difficult enough time getting credit, even before getting their FICO scores torpedoed by these payday lenders.

Twelve states already ban payday loans, and they are now prohibited to active duty military servicemembers. So it is understandable that ACE and its fellow leeches should want to ready the next generation of consumers…much like the cigarette companies used to do.

If you want to see the ACE "educational" efforts, download at their "White Paper" .

To have elementary school children given favorable exposure to these bloodsucking shylocks should turn our collective stomach, not be engendering favorable press on BMM or anywhere else.

It is easy to knock financial franchises like check cashing, pawning your car, pawnshops in general, payday loans.

And I wouldn't want to have to actually be on the borrowing end of one of them, admittedly.

But I do like aspects of financial franchise home based business franchise opportunities. I like the fact that money is something that is often an "easy sell". And I like the fact that people who buy are motivated buyers.

What I do not like about these particular financial services franchises are the unsavory aspects. The overhead of having an office and expensive locations. I prefer home based financial franchises. That's why I have been blogging here about the litigation funding franchise opportunity. It is home based financial services franchise (hopefully soon to be a franchise, not yet but soon) and it promises what could possibly be nice returns. The people in it are doing rather well, which is nice. And few people know about this business yet. I hope to be putting together something soon. Meantime, walk, don't run…I mean run, don't walk, and fill in your email and name and I will rush you instant access to my nine page report on this business, along with periodic information about how you can start your own litigation financing business. Thanks!