What’s Working-Storefront Operations and Corona Strategies
Corona & Storefront Lenders I have equity in some pawn shops, payday loan, title loan, personal loan… brick-n-mortar locations. I belong to a couple of industry groups & associations in a multitude of States. The following is what ONE entrepreneur has chosen to do to remain open. I am not endorsing it. Rather, sharing it […]
Texas Payday Loans, Title Loans, Personal Loans: CAB-Corona-OCCC Texas Advisory
The “business of lending to the masses” is scaling rapidly all over the country.
This is for our Texas lenders. It was issued 20 minutes ago.
It’s likely to serve as a template for the majority of States so I suggest you take a look.
Meanwhile, prepare to SCALE if you’re so inclined!
How to Start a Loan Business Online & Government to Dictate Consumer Lending
“The concern for the consumer and for the less affluent is well taken. But often it has been expressed in a form that has done the consumer more harm than good.”
“For fifty years the Russell Sage Foundation and others have demonstrated that setting too low ceilings on small loan interest rates will result in drying up legitimate funds to the poor who need it most and will send them into the hands of the illegal loan sharks.”
“History is replete with cases where loan sharks have lobbied in legislatures for unrealistic minimum rates, knowing that such meaningless ceilings would permit them to charge much higher rates.”
How to Start a Loan Business in Canada, USA & More
We are consultants for entrepreneurs who want to start or improve their payday loan business operations. We are not Lenders. We teach, consult, offer Courses and provide boot camps and phone consulting services enabling entrepreneurs with a desire to enter this industry to avoid failure. We opened our first location in 1998 in Garden Groove, Calif. Today we own stores and online lending portfolios. Additionally, we teach, lecture, speak, consult entrepreneurs and companies in “The Business of Lending to the Masses.”
36% APR-In Defense of Payday Loans: Academics, Legislators, Banks, Tribes
Know that a $300 loan in 1900 is equivalent to a $7,000 loan today! So… that’s their plan [banks]. MUCH higher loan principals – no way is a bank or credit union going to fund a $300 loan. And, minimum 12 to 60 month loan terms! Say goodbye to a quick $300 until your next payday!
Available: Experienced Operations Manager: Tribal Lending, Call Center, Marketing, Collections
Available: Experienced Operations Manager: Tribal Lending, Call Center, Marketing, Collections… Nici C. is an experienced Operations Manager/Team Member in the Subprime as well as Tribal Lending Industry seeking her next opportunity. With 10+ years of small-dollar lending experience, Nici possesses exceptional skills in call center and operations management, marketing campaign management, CRM, collections, complaint handling […]
MSB Money Service Business: Banking & Compliance
MSB’s, Banking & Regulations Meetup
Staying Banked & Compliance Strong.
How to properly implement your AML Program to keep the bank & Regulators happy.
SAR’s, enhanced due-diligence & internal monitoring… why it matters.
What the banks look for in onboarding an MSB and how not to lose your MSB account
What the regulators look at when conducting a BSA (MSB) examination
What happens to the SAR… A regulatory explanation and case study.
Lending to the Masses Through the Roof! Enova, Curo, Elevate, Lendup… $300M Quarters
By Jer Ayles CURO reports $300M+ quarter. Enova reports a $300M+ quarter. Lendup reports $2B. On and on and on! Demand by consumers in all economic brackets through the roof unabated! I could name dozens of additional lenders struggling to meet demand. In January 2019, Dave.com had 1,000,000 subscribers paying a $1/month subscriber fee JUST […]
How to Start-Improve a Consumer Loan Company? Installment, Payday, Car Title
The demand is huge! Billions lent every month at sky-high interest rates. The profits are there to be had. No single incumbent has more than 6% of the market today. And yet Enova and Curo just reported they each lent out nearly $400,000,000 to consumers in the last 3 months at 200%+ interest rates!