Payday loans are not so popular

Some time ago I decided to run a company that will be dealing with payday loans. My idea was to lend people money. They had to pay of those loans or parts of them by the next paydays. I have read a lot about those Payday loans and due to some statistics those payday loans were suppose to be one of the most popular kind of loans in the whole wide world. And in our country they are the best type of loans according to common people. Anyway I started this business with high hopes. And unfortunately now I am left with nothing. I believed that thanks to interest I will earn a fortune but the truth was bitter. People were not so willing to take payday loans that my company offered. We had pretty good offers but still people trusted some banks and companies that they had known before. My company bankrupted so fast and so easily that now I do not know what to do. I was left with a loan that I took to start my company and it seems that I will end up on a street or something. And I am sure that I will never ever believe in all those stupid statistics. One thing is sure, maybe people like to take payday loans but you have to be a manager of a big bank or of a well know company so that they will trust you and that they will borrow money from you.