THE BLOG

11
Feb

BEHIND THE SCENES WITH 17+ WORLD-CLASS CONSUMER LENDING EXPERTS: March 3rd-4th 2021

Posted by / Mastermind Group

PS: I’m honored to be a presenter & an Attendee!

You cannot put a value on this! Whether you’re a Lender, a vendor, a consumer, an investor. a TLE. a member of Indian Country, a VC, a competitor, capital in search of a superior ROI, the media, a regulator, a VC, Family Office… Join us via Zoom with ZERO investment!

FREE: GO BEHIND THE SCENES WITH 17+ WORLD-CLASS CONSUMER LENDING EXPERTS

March 3rd & 4th 2021
The Business of Lending to the Masses

Discover how to adapt, pivot, and thrive in the new economy as a consumer lender.

This event will bring together the best in the industry to teach you how to navigate the legal changes, shutdowns, technological advances, and consumer behavioral changes that are having an impact on your business right now and it’s FREE (for a limited time).

FREE ONLINE EVENT | March 3 – 4, 2021 Click to Register
Lockdowns, Covid, Government subsidies, 36% APR theme, the Biden Administration, short-term survival vs long-term Success! What do you do? 

What’s your next move? How do you survive, thrive, and protect your Team, your community, our Country’… by offering the 98% of financially challenged consumers in search of choices and transparency in need of help navigating this challenging economic environment

As a valued member of our free Newsletter, “The Business of Lending to the Masses, “I’m offering you FREE ATTENDANCE to “The Consumer Lending Summit” March 3-4 2021.

PS: I’m honored to be a presenter & an Attendee!

Again, YOU cannot put a value on this! Whether you’re a Lender, a vendor, a consumer, an investor. a Tribal Lending Entity, a member of Indian Country, a VC, a competitor, capital in search of a superior ROI, the media, a regulator, a Family Office… Join us via Zoom with ZERO investment.

Was this forwarded to you? Signup for our free monthly insights! Click to Click here to signup!

BE THERE!

Jer & Team Trihouse Consulting TheBusinessOflending.com

Payday Loan APR Chart
True APR Chart for Loans
13
Jan

Consumers Feel The Pain: Nationwide 36% APR Cap Theme Continues: Illinois and Nebraska Go Dark.

Posted by / APR's, Profits, Tribe

Consumers Feel The Pain: Nationwide 36% APR Cap Theme Continues: Illinois and Nebraska Go Dark.

By: Jer Ayles

Fellow small-dollar lenders, vendors, and MOST importantly the 50%+ of U.S. households who do not have access to $500 when the car breaks down, the utility bill is due, the kitchen is bare, the… well, you know what I’m saying! The politics surrounding “the business of lending to the masses” continues to create havoc for the unbanked and underbanked.

[Hint: There is good news below. It “ain’t ALL bad.” Our industry is blessed to have a cadre of savvy, creative entrepreneurs who continually strive to serve the millions of ordinary folks facing daily financial struggles.]

As you read the following, know that simply because our competitors [banks & credit unions who earn billions of dollars in overdraft/NSF fees every year while yielding 1800% APR’s] continue to make it challenging for the masses to access emergency cash, I HAVE SOLUTIONS!

If you’re a seasoned Lender with a portfolio of customers you want to continue to serve and help through these trying times, consider:

  • Go digital. You must be able to carry on via the Internet. Most likely your current loan management software already provides a sleek, easy transition.
  • Secure a lending license in a friendly State. A State that truly cares about its people. I like Texas right now. Our Team has been securing Texas CAB/CSO licenses for 12+ years. We offer a turn-key package. We have “feet on the ground” in Austin. Allow us to handle the intricacies & “go live” in 30 days. City ordinance issues in your State? Not a problem! We have a simple, EZ solution for you.
  • Collaborate with a federally recognized Native American Indian tribe. The “Tribal Model” has come a LONG way since the Scott Tucker days.
    • We’ve assembled a highly experienced Team of financial, legal, tax, asset protection, and business development savants offering introductions to Indian Country. State-of-the-art consumer finance loan products, in combination with integrity, honesty, and community service is our mantra. This is not your Mama’s old school payday loan; although many of our clients do still offer them by the millions annually.

NOTE: For those of you currently partnering with Indian Country and are unhappy with your current relationship, don’t hesitate to reach out! You’ll be pleasantly surprised how easy we can make your transition and more profitable for all parties. Use your existing LMS provider, your proprietary solution, or opt-in to ours. Your choice!

Know too that if you’re in need of:

  • A turn-key, white-labeled Loan App [both IOS & Android: No developers needed!]
  • Superior Instant Wage Verification [IWV] Real-time wages earned data pipe from 70K+ employers including Amazon, CVS, Walmart, UPS, Target, Best Buy… Visit Website
  • Instant Bank Verification [IBV] 100% guarantee we’ll save you money no matter who you currently use for IBV!
  • AI-powered consumer debt negotiation platforms. Our white-labeled platform enables your “Robot” to negotiate 24/7/365 with ZERO HUMAN intervention by your team. Your customer in default does not ever have to speak to a human. Negotiate, make a deal, collect your money! Visit Website
  • All the above white-labeled for YOUR brand!
  • If you’re an investor on the hunt for a superior return on your capital, reach out. The taxpayer-funded stipends will end. Demand for credit will scale. Negative interest rate bonds and CD’s do not make any sense for those of us having capital that must work for us. Inflation is a CERTAINTY!
  • We have the relationships with the Founders of each enabling you to bypass any middlemen!

Reach out to Jer@TrihouseConsulting.com for a confidential exploration. [Be sure to include the topic you are interested in!]

And, if my message here was forwarded to you, signup for my free, monthly take on “The Business of Lending to the Masses” here: Blog [Signup is on the right-side]

Now! Regarding the latest 36% APR developments in Illinois & Nebraska:

ILLINOIS NEWS RELEASE: HISTORIC LEGISLATION TO PREVENT PREDATORY LOANS PASSES ILLINOIS HOUSE

The Predatory Loan Prevention Act establishes a 36 percent interest rate cap on consumer loans.
For Immediate Release
TUESDAY, JANUARY 12, 2021
The Illinois House of Representatives passed the Predatory Loan Prevention Act today, implements a 36 percent interest rate cap on consumer loans, including payday and car title loans. The legislation passed with a bipartisan vote, without a single member voting no. It is part of an omnibus economic equity bill, one of the Illinois Legislative Black Caucus’ four pillars, sponsored by Rep. Sonya Harper.

In Illinois, the average annual percentage rate (APR) on a payday loan is 297 percent, and the average APR on an auto title loan is 179 percent. Federal law already protects active-duty military with a 36 percent APR cap. This bill extends the same protection to Illinois veterans and all other consumers. Seventeen states plus the District of Columbia have 36 percent caps or lower.
https://illinoispirg.org/news/ilp/historic-legislation-prevent-predatory-loans-passes-illinois-house
Waiting for Governor to sign this Bill.

NEBRASKA NEWS RELEASE

What did Initiative 428 change about payday lending practices in Nebraska?

Initiative 428 amended state statute by removing the existing limit that prohibits payday lenders from charging fees in excess of $15 per $100 loaned and replacing it with a 36% annual limit on payday lending transactions. It also prohibited payday lenders from collecting fees, interest, or the principal of the transaction if the rate charged is greater than 36%. Payday lenders are prohibited from marketing, offering, or guaranteeing loans with interest rates exceeding 36% in the state regardless of the lender having a physical office in the state.

Here’s the link: Nebraska Initiative

At the time of the election, Nebraska law limited the loan amount to $500 and the loan term to 34 days.

Payday lending has been legal in Nebraska since 1994 with the passage of the Delayed Deposit Services Licensing Act. The last amendment to the statute was in 2018 by the state legislature. Under the existing law, lenders are prohibited from charging fees in excess of $15 per $100 loan. Loans are also limited to $500. According to the 2019 annual report on delayed deposit services produced by the Nebraska Department of Banking & Finance, the average loan size was $362, and the average contracted annual percentage rate was 405%. The total number of transactions for the year was 507,040.

How many other states have limited the annual percentage rate (APR) of interest charged on payday loans?

As of October 2020, a total of 37 states permit payday lending. Four states—Colorado, Montana, New Hampshire, and South Dakota—have enacted 36 percent annual interest rate caps that prohibit additional fees or charges. Three of those caps were passed through citizen initiatives: Colorado (2018), South Dakota (2016), and Montana (2010). Four states authorize payday lending with limits on APR, but permit lenders to charge extra fees on top of interest. The remaining 29 states authorize payday lending without limits on APR.

Here’s a link to the current Rate Caps by State: Payday Loan Statewide Rate Caps

FINALLY, this 36% APR theme is going to be a dominant issue during the Biden Administration. PREPARE for it!

That’s all, dear readers!

Jer: Trihouse Consulting 702-208-6736 PDT

 

 

 

18
Nov

Loan Tools You Need Today for Tomorrow. Lenders Beware: Biden + CFPB = More Heat!

Posted by / Strategy

By Jer Ayles: Face Facts, Small-Dollar Lenders!

A Biden Presidency means certain “pain” for Lenders. Business to Consumer [B2C], Business to Business [B2B], MCA [Merchant Cash Advance], payday loans, installment loans, car title loans, line-of-credit loans, Fintech, wage advance… all will face increased scrutiny, compliance issues, and increased legal costs.

Of course, CONSUMERS will be the biggest losers because we still have roughly 40%+ of USA households who cannot access $400 cash when facing a financial emergency! And it’s these high-risk folks who must pay for access to our cash. No one else will lend to them! Banks & credit unions are dragged kicking and screaming into our space by the FED’s. This will continue to take years.  But the majority of these incumbents disdainfully believe they have built insurmountable moats and lack the vision to acquire or collaborate with us. Failing this trend, they will go the way of the dinosaur.

Image by Capri23auto from Pixabay

Lenders, have no fear!

“The business of lending to the masses” will continue to scale. Even during Covid and as the government printing presses continue to run, transaction volume is ticking up. Debt, borrowing, unexpected financial challenges, instant gratification… this DNA is in all the people of the world. Corona will end. The dollar and the Euro  “printing press” will stop. We’ll get back to living our lives. Another group of knuckleheads will be in charge. And round & round so goes the world.

What To Do? Focus on reducing overhead costs! Automate. Embrace AI. Reduce headcount while scaling transactions! Integrate with the tools already available TODAY!

Our industry has always been under constant threat; kinda like Trump. The only demographic that likes us is OUR CUSTOMERS! Unfortunately, our elite media & elected representatives do not care about our customers unless it’s election time. The bureaucrats in D.C. along with Fintech “lenders,” “Buy Now & Pay Later” embedded Apps, wage advance platforms, Fintech “leave a 15% default tip + $4.95 to accelerate your $75 loan via ACH + help us plant a tree,  remnants of Operation Choke Point, bank discontinuance issues, this recurring universal 36% APR cap theme running through State and Federal hallways and on and on… continue to attempt to destroy us. And yet here we are! $40B in fees last year! Our industry has some of the very brightest, savvy, connected, sophisticated entrepreneurs in ANY vertical! Why? Because our inventory, our product, our service IS MONEY! AND EVERYONE WANTS SOME!!

There is a multitude of solutions available NOW that will reduce your customer acquisition costs [CAC], easily & cheaply verify your applicant’s ability to pay, underwrite, process, fund, collect, and remarket. Wash, rinse, dry, repeat. That’s the cycle that guarantees your success. This is the history of mankind. [Again, read “Debt: The First 5000 Years.”]

YOUR key to success is awareness! Did you enjoy your latest Zoom Convention? Learn anything? Enjoy the after-hours bar scene like the good old days? Were you able to sort through all the B.S? I know! You need to hire a… NAME YOUR POISON! A lawyer perhaps 🙂

Here’s the skinny! The following NEW tools are what YOU NEED!

  • Customers. If you’re already in business PAY for referrals. The average CAC today is $287. Pay your current customers a referral fee IMMEDIATELY. If you’re a brick-n-mortar, offer to pay $50 cash if your current customer refers a friend who qualifies for a loan; any size loan. It’s not your referral customer’s fault their “friend” only qualified for $125!  Pay via ACH, the Cash APP, PayPal, a credit to their debit card… WHATEVER! Online Lenders MUST follow this strategy as well. A $50 funded customer IS A STEAL! Do you really want to continue to buy $5.00 leads with 2% conversion rates? And not own the customer data?
  • Instant Wage & Income Verification: IWVPro.com is your path to collaborating with a white-labeled Fintech platform enabling you to instantly in real-time verify the income claim(s) your borrower/applicant provides to you. IWVPro.com is virtually a data pipe to thousands of the largest employers in the USA & Canada. ADP, Walmart, Target, Uber, Lyft, Del Taco, Pizza Hut, Kentucky Fried Chicken, Best Buy, UPS, USPS… AND GROWING WEEKLY! It’s cheap & immediate! Will you get a “hit” 100% of the time? NO! [Just like IBV] It is a must tool! You get the wage data BEFORE it hits the bank statement. What? Your customer claims they cannot make their payment this week because they were laid off or their hours were reduced? B.S. You can determine they drove 12 hours last night for Uber, earned $180, driving a 2017 Toyota Camry license plate IOUMONEY, 7 rides covering 112 miles! You can tell them you know this WHILE YOU ARE ON THE PHONE WITH THEM! Again, visit https://iwvpro.com/ for details
  • Instant Bank Verification: the good old days of faxing bank statements are long gone. So is the need for customers to bring in their Photoshopped statements! Instant, real-time bank statement views have been around for a while. I know who does it cheaper, faster, stronger, more powerful than a locomotive… Oh, wait! Sorry, went off track. That was Superman. Just want to make certain you’re still reading my diatribe. If you are, text IBV and your name and email to 702-208-6736 and I’ll intro you to the VERY best & the brightest IBV provider in our industry. And, I PROMISE YOU this won’t cost you an extra dime! Jer
  • Artificial Intelligence for Bad Debt Negotiation: IOUUmpire.com is your connection to the white-labeled platform enabling you to settle your 30+ day “bad” paper with your customer without USING YOUR EMPLOYEES or a CALL CENTER! Your past-due customer is dead to you? Zero communications? Phone calls, direct mail, employer, text… = nada? So, your only option is to sell your paper for $.04 on the dollar? NOPE! The customer owes you $1000 and will not talk to anyone in your office? Provide them with a link to YOUR BRANDED web page. In your Dashboard, make a decision to settle with this “bad boy” for any amount you choose. In this example, let’s say $200. [$1000 sold at $.04/dollar = $40.] Your message is nice and friendly; folksy. “Dear Mr. Jones, let me make a deal with you that you can’t refuse. You don’t have to talk with a soul. Here’s your personal link. Allow me to cut you a deal and end these ceaseless calls, emails, texts…” Then, just kick back and relax. IOUUmpire’s robot – we call ours Frieda – will “work” 24/7/365 negotiating with your “dead” debtor. Your debtor logs in sees $1000 due, offers $75. Anna counters $833. Debtor counters $125. Anna counters $693. Offer, counter-offer, offer, counteroffer… “Congratulations, we have a deal, Mr. Jones! $397.00” Mr. Jones then lands on your payment page and pays in full or you allow payments. Again, visit IOUUmpire.com to learn more. 
  • Tribal Lending: Going stronger than ever! This model has become more sophisticated and has evolved substantially since the “Scott Tucker Days.” Just like the casino industry, the tribe Lending Model [TLE] has become much more acceptable to all players and we offer the best talent, resources, and IP available! There is a multitude of federally recognized Native American Indian tribes in search of additional capital to meet the overwhelming demand from borrowers across the USA. You can earn incredible returns on your money. Visit Leaning Rock Finance Consultancy for details.
  • $90 funded loans: Want a turnkey funded loan? Don’t want to deal with buying leads & underwriting? Text “Funded loan in a Box!” with your name to Jer: 702-208-6736.
  • Mobile App: Do you need a white-labeled Mobile App with your brand/logo… IOS & Android – We are live! Save thousands of dollars and months of time with our latest Phone App! It has YOUR BRAND! It’s YOUR customer for life on that phone. Expand beyond your store boundaries & a website.  Text “Mobile App” and your name to Jer at 702-208-6736 for info.
  • Payment Processing & Banking: I know them ALL and I know who can get the job done correctly with zero reserves and fair pricing! No B.S.  Text Jer at 702-208-6736
  • Online Car Title Lending: Want to offer collateralized car title loans in any state without having to engage in a face-to-face transaction? 36% APR capped states not a problem for our Team! These loans are collateralized by the title to the borrower’s automobile! Very low risk. VERY low LTV! We are live! You can run your own show or invest with us and earn a handsome ROI! [Debt/equity/blended deals available. Yes, Jer 702-208-6736
  • Finally, there are many more tools for lenders available but I’ll save you from having to continue to FOCUS. Just know that  “the business of lending to the masses”  is going nowhere but UP! [You can access many of them here where our vendors and suppliers list their services: Click “TheBusinessOfLending.com/Ressources.”

If you want to get down and deep into the weeds with me, reach out. I’m a gun for hire!

    • My Team and I offer consulting services for ALL aspects of “lending to the masses.” Whether you’re a de novo or seasoned portfolio in need of counsel, let’s explore.
    • The “Bible.” Our industry famous Course: “The Business of Lending to the Masses” currently version 74. We’ve sold over $1M of our courses to virtually EVERYONE in our industry! Want to know ALL the ins & outs of payday loans, installment loans, title loans, state-by-state licensing, Tribal Model, CAC, underwriting, onboarding, processing, software, IBV, IVW, collections, banking, Operation Choke Point, website development, call centers, artificial intelligence platforms, Fintech developments… visit TheBusinessOfLending.com for details.
    • Hourly consulting on specific initiatives.
    • Flat rate projects. De novo to M & A. and everything in between.
    • Recruiting. Do you need to hire a key executive? Reach out. I know everyone available.
    • Invest your dollars with experienced operators who are Lending today while employing all the state-of-the-art Tools mentioned here!
    • Brainstorming. Do you have an idea? An area you would like to explore? Reach out for a free exploratory conversation. TrihouseConsulting@gmail.com

The Impact of the Biden Election on Our Industry: “The Business of Lending to the Masses.”

CFSA- The Community Financial Services Association of America

The following content is a portion we ripped off from Law360 a great resource and worth every penny! Click here to read their entire Biden/CFPB article: Law360.com

Payday Lending

Under President Trump appointed Kathy Kraininger, the CFPB revoked portions of the “Payday Lending Rule” that had determined as an unfair and abusive practice to make payday and vehicle title loans without determining a borrower’s ability to repay.

This revocation was executed by regulation after the bureau “reevaluated the legal and evidentiary bases for those provisions and determined them to be insufficient.”

Debt Collection

The CFPB finalized its debt collection practices rule. It places limits on debt collectors’ attempts to reach borrowers/applicants and allows borrowers to opt-out of enabling collectors to contact debtors via e-mail, text messages, or “other media.”

The CFPB could revise the final rule before it takes effect!

Fair Lending

V.P. Biden has previously stressed that “fair lending” — whether for mortgages, small businesses, or consumer loans — is a priority of his administration. Per LAW360 experts, the CFPB “could continue the development of rules implementing ECOA, including disparate impact, accessibility for limited-English-proficiency speakers, advertising to disadvantaged groups, discrimination based on sexual orientation and gender identity, and small-business lending.”

Summation

A President Biden Administration in conjunction with the Supreme Court’s decision in Seila Law means that “consumer finance companies can expect a significant change in the focus and tenacity of the CFPB.” A President Biden will be able to set the bureau on a new path immediately.

IF the Senate remains Republican-controlled his ability to impact a substantial structural change will be minimal.

Jer Ayles: 702.208.6736 Cell

Jer@TheBusinessOfLending.com

https://www.linkedin.com/in/jerryayles/

https://twitter.com/paydayloanguy

https://TheBusinessOfLending.com

03
Nov

Meet Me in Miami or Cabo San Lucas: November 2020

Posted by / Strategy
Jer in Miami November 6-8, Then > Cabo San Lucas Nov 9th – 14th. Sent Tuesday, November 3, 2020

 

28
Oct

The Businesss of Lending to the Masses from the Perspective of ENOVA: Publicly Traded Sent Tuesday

Posted by / Strategy

Small Dollar Lending Upheaval & Chaos = Opportunity

Lenders want to know what the heck is going on! So many unknowns. Government subsidies, the election, Chinese virus, “essential business” definition, consumer demand for loans… Maybe you have a few buddies in our industry you can call. Perhaps you’ve joined a “virtual convention” & listened to the pundits and the academics. Now & then you might happen upon a balance sheet lender whose “in the weeds,” gotten their boots muddy, and actually bought leads and funded some loans. 
Luckily for me, and for you, I’m privy to a lot of these conversations, deal-making, tribal developments, Fintech Founders reaching out to me for advice & counsel, investors in pursuit of information & guidance, vendors offering industry insight…
Here’s an idea for those of you seeking assurance that “the business of lending to the masses” will continue unabated!
ENOVA, a publicly-traded Lender serving a matrix of borrowers released their earnings report. They did just over $300M in revenue in their latest quarter! Within their earnings release is essential data regarding the state of our industry. Additionally, there is a phone number enabling you to listen to their recorded earnings call and a question & answer period where, at one point, I jump in.
I HIGHLY suggest you invest several minutes and listen in.

Tools for B2C Lenders:

PS: Instant, real-time wage & income verification: IWVPro.com
PPS: Artificial Intelligence [AI] debt negotiation to collect your money: IOUUmpire.com 
You do not need ANY employees to use. No call center! Don’t sell your “bad” paper for $.04 on the dollar! 
IBV [Instant Bank Verification] at 1/10th the cost of the long-time vendors you’ve been using in the past! I’ll intro you; won’t cost you an extra nickel!
Tribal Lending:  Gain access to an executive Team specializing in tribal lending. Currently raising funds for a state-of-the-art Online title loan lending platform & several additional initiatives. Click Here for info!
NOTE: All these new Fintech platforms are white-labeled for YOUR COMPANY NAME!

How to open a loan business

Click the IMAGE to Invest in our Course: “How to Open/Improve a Consumer Loan Business”

Need help with your loan business? It’s in the latest version of our “bible:” TheBusinessOflending.com  And don’t forget to visit our “Resources Page!”

Enova Reports Third Quarter 2020 Results

– Compared to a year ago, both diluted earnings per share from continuing operations and adjusted earnings per share more than tripled to $3.09 and $2.97, respectively

– Consolidated portfolio delinquency and net charge-off rates as a percentage of average combined loan and finance receivables were among the lowest in the company’s history

– Total company originations increased 56% from the second quarter to $140 million

– At September 30, cash and marketable securities totaled $552 million and available capacity on committed facilities totaled $332 million

– Completed the acquisition of On Deck Capital, Inc. on October 13

CHICAGO, Oct. 27, 2020 /PRNewswire/ — Enova International (NYSE: ENVA), a leading financial technology and analytics company offering consumer and small business loans and financing, today announced financial results for the third quarter ending September 30, 2020.

“We are pleased to report strong earnings as the credit quality of the portfolio continued to improve during the third quarter,” said David Fisher, Enova’s CEO. “Encouraged by the better than expected portfolio performance and the stable and predictable credit risk seen in our testing, we thoughtfully began reaccelerating lending in the third quarter. Also, on October 13th, we successfully completed our acquisition of OnDeck. Similar to Enova’s performance during the third quarter, OnDeck experienced growth in originations, improving credit quality and solid profitability. Our integration plans and recognition of the expected synergies and financial benefits of the transaction remain on track. With the combination of Enova’s and OnDeck’s complementary, market-leading businesses and our extensive experience navigating changes in the operating environment, we believe we are well-positioned to grow profitably and drive long-term shareholder value.”

Third Quarter 2020 Summary

  • Total revenue of $205 million in the third quarter of 2020 decreased by 33% from $306 million in the third quarter of 2019.
  • Net revenue margin of 88.9% in the third quarter of 2020 compared to gross profit margin of 46.9% in the third quarter of 2019.
  • Net income from continuing operations of $94 million, or $3.09 per diluted share, in the third quarter of 2020, compared to $29 million, or $0.83 per diluted share, in the third quarter of 2019.
  • Third-quarter 2020 adjusted EBITDA of $136 million, a non-GAAP measure, compared to $64 million in the third quarter of 2019.
  • Adjusted earnings of $90 million, or $2.97 per diluted share, both non-GAAP measures, in the third quarter of 2020, compared to adjusted earnings of $32 million, or $0.92 per diluted share, in the third quarter of 2019.

“Our financial performance this quarter reflects the strength and adaptability of our direct online-only business model to efficiently manage expenses and the powerful credit risk management capabilities of our world-class analytics and technology,” said Steve Cunningham, CFO of Enova. “We have the right team, operating model, products, and balance sheet flexibility to quickly and profitably re-accelerate our business as the economy recovers.”

Outlook

Enova is monitoring and adapting quickly to changes in the current environment due to the COVID-19 pandemic. Given the ongoing uncertainties related to virus resurgences, changes in governmental restrictions, potential economic stimulus, employment stabilization, and business reopenings, the Company is not providing guidance for the fourth quarter of 2020.

For information regarding the non-GAAP financial measures discussed in this release, please see “Non-GAAP Financial Measures” and “Reconciliation of GAAP to Non-GAAP Financial Measures” below.

Conference Call

Enova will host a conference call to discuss its third-quarter results at 4 p.m. Central Time / 5 p.m. Eastern Time today, October 27th. The live webcast of the call can be accessed at the Enova Investor Relations website at http://ir.enova.com, along with the company’s earnings press release and supplemental financial information. The U.S. dial-in for the call is 1-855-560-2575 (1-412-542-4161 for non-U.S. callers). Please ask to join the Enova International call. A replay of the conference call will be available until November 3, 2020, at 10:59 p.m. Central Time / 11:59 p.m. Eastern Time, while an archived version of the webcast will be available on the Enova International Investor Relations website for 90 days. The U.S. dial-in for the conference call replay is 1-877-344-7529 (1-412-317-0088). The replay access code is 10148983.

About Enova

Enova International (NYSE: ENVA) is a leading provider of online financial services to non-prime consumers and small businesses, providing access to credit powered by its advanced analytics, innovative technology, and world-class online platform and services. Enova has provided more than 7 million customers around the globe with access to more than $40 billion in loans and financing. The financial technology company has a portfolio of trusted brands serving consumers, including CashNetUSA®, NetCredit® and Simplic®; three brands serving small businesses, Headway Capital®, The Business Backer® and OnDeck®; and offers online lending platform services to lenders. Through its Enova Decisions™ brand, it also delivers on-demand decision-making technology and real-time predictive analytics services to clients. You can learn more about the company and its brands at www.enova.com.

Want to start/improve your B2C loan business? Grab a copy of our “bible:” TheBusinessOfLending.com

  • Schedule a tactics/strategy call with Jer, our Founder:
  • Implement new, state-of-the-art Fintech platforms to gain INSTANT, Real-time wage & income verification about your applicants? Your debtors?
  • Access 1000.s of banks to gain IBV [Instant Bank Verification]? Know when your borrower gets paid, how much they earn, do they already owe your competitors money, their average daily balance, number of NSF’s they’ve incurred +++?
  • Do you have “bad’ paper? Borrowers who 0we you money? Won’t take your calls? Won’t respond to texts & emails? We have an AI [Artificial Intelligence] solution enabling you to offer your customers the opportunity to never speak to a human while simultaneously negotiating their bad debt with your white

 

16
Oct

The RingMaster: Off Topic But if You’re Scrambling to find a Movie…

Posted by / Uncategorized

Friends, Need a good movie to watch for a break from the Corona Virus evil?

 Just finished the “The Ring Master” movie! Finally released!

How can you resist a movie about:

  1. The best onion rings on the planet
  2. The rock group Kiss,
  3. Chuck Brennan,  the founder of Bad Lands Pawn, Gold & Jewelry, and https://DontBeBroke.com [a major player in “the business of lending to the masses]
  4. A movie producer went awry
  5. Mental health
  6. Addiction
  7. The tragedy of Alzheimer’s disease in middle America?
  8. AND, sales of “The Ring Master” contribute to Alzheimer’s Research!!
YOU CAN’T! Click the image below or visit the “The Ring Master” website. 
Get it. Available everywhere. Try these onion rings? Watch the ending at TheRingMaster.com
07
Oct

Consumer Loan Executive “Savant” Available to a Few Select Clients

Posted by / Profits

Do you need an executive with 15+ years of experience in “the business of lending to the masses?” And no, I’m not referring to me! I’m too busy + this would destroy my lifestyle!

Here’s the deal: A “Savant” in our industry is accepting a few new clients.

Short & sweet! Do you want an intro?

The Savant [Focused on Operations!]

15+ years of continuous immersion in the B2C loan space. Consulting, data analytics, risk modeling, digital transformation, banking relationships, loan management software, customer acquisition strategies, underwriting, lead gen, compliance, ping trees, SMS marketing, SEO, operations, scaling portfolios, online & offline expertise, instant wage verification, instant bank verification…

How do you collaborate with this savant? On-Site? Remote? Short-Term Engagements? Recruit? Retainer…? YES!

FLEXIBLE Arrangements Available? Yes!

Our selection Process? You must be interesting!

You want an intro? EMAIL: TrihouseConsulting@gmail,com

You’ve managed to survive the riots, the “peaceful” protests, Corona, FED subsidies, unemployment benefits on steroids, the digitization of our industry, Fintech, our cost of capital… Is it time to invest in yourself & your Team via a brainstorming session with an outside, independent, HIGHLY experienced “operator?”

PS: Don’t feel like the Lone Ranger! Know that the majority of Lenders I talk with on a daily basis, are scrambling to keep up! “The business of lending to the masses” is undergoing tremendous disruption. You know it and I know it! And everyone you reach out to is trying to sell you the latest and greatest… you name it to solve YOUR problem.

Again: You want an intro? EMAIL: TrihouseConsulting@gmail.com

How to start a consumer loan business

YOU NEED an executive with 15+ years of experience in the business of lending to the masses! Payday, Title, Installment…

03
Sep

Consumer Wages & Employment Real-Time: a State-of-the-Art Platform

Posted by / Strategy

Instant Bank Verification on Steroids!

Announcing a state-of-the-art service for sophisticated small-dollar loan balance sheet lenders! The simplest way to access, verify & update your loan applicants, & existing borrowers employment status up to the hour.; real-time! Better than IBV!

We integrate DIRECTLY with employers! Major, significant employers! 22,000+ employers!! Want to know how many hours your debtor/applicant worked this a.m? Yesterday? Wages earned at Amazon? Walmart? USPS? Target? Uber? Lyft? Starbucks, Home Depot, FedEx, Best Buy, Albertsons, Kroger, Chase, all branches of the U.S. Military… and more and more and more…

Fill out my online form.

  • Automatically update banking & debit card information stored in your customer’s workplace account!
  • Verify your Borrower’s work history
  • Employment status
  • Employers(s)
  • Hours worked! [Refresh hourly]
  • The vehicle used [for their job if appropriate for your business model]
  • Wages earned > depository account(s)
  • White-labeled for Lenders Name/Brand/Logo!
  • Borrower/Debtor social Reputation monitoring
  • API integration is available. WE ARE OUT OF BETA!​​​​​​​
 
What’s NOT to like? Better, faster, stronger, fresher, bolder… than IBV! 
ISO’s/Resellers… OK.
 
This is IBV on STEROIDS! 
 
Sign up for a Demo. The line is already down the block! [Bring your mask if you’re in a “blue” state! Gonna let your competitor annihilate you?
Sitting on a ton of cash you can’t put out on the street? The garbage leads your buying have been “picked over?” 

Want to learn more? Scroll to the bottom of this page or click: Request Demo

Jer Ayles
Trihouse Consulting
https://TheBusinessOflending.com
Cell: 702-208-6736 PDT after 10 am.
PS: We’re raising money for our Online collateralized Title Loan Company. Equity and/or Debt deals avail. Reach out…Title loans are in demand. These are not risky payday loans.
​​​​​​​PPS: I have a tremendous new Artificial Intelligence debt negotiation platform ready to introduce to you as well. NO MORE CALL CENTER HEADCOUNT to collect your $$$.
Or, apply now for a Demo: Online Demo Schedule.

28
Jul

Opportunities in the Business of Lending to the Masses

Posted by / Opportunities

2024: State of the Consumer Loan Industry

Jer Ayles: Trihouse

By Jer Ayles: Trihouse Consulting. Payday loans, installment loans, title loans, line-of-credit loans…

We ALL know the business of lending to the masses is in tremendous turmoil. I’m not going to waste your time reviewing the “WHY’s.”

Instead, know this. There is a ton of offshore & domestic money on the hunt to enter our industry or scale their existing presence!

Know also, the smartphone Apps, tech platforms and Artificial Intelligence robotics [no human intervention/no call center headcount] brought to market daily enabling friction-less customer acquisition, underwriting, debt negotiation, servicing, funding, collections… entering our space is mind-blowing! 
 
Are you and your Team aware? 
 
HERE”S MY QUESTION FOR YOU: 
 
In a nutshell, what do you have? Are you selling? Buying? Have $$ to invest? Looking for a path/Team/opportunity? Do you have stores for sale? Portfolios for sale? Are operations executives available for hire?
 
I have immediate needs! And I have 10,000+ readers with immediate needs!
 
Do you have an opportunity? 
Send me a short email to TrihouseConsulting@gmail.com with a few details describing your situation, desire, needs, and opportunity.
 
I don’t need names! I don’t need detailed pitch decks! Just describe succinctly what you have/want/need… and your contact info.

UPHEAVAL = OPPORTUNITY! GRAB IT BY THE THROAT AND ACHIEVE YOUR GOALS. 

If this Monthly Newsletter was forwarded to you, go here and sign up free: https://geni.us/FreeSignup
 
Jer – “The Business of Lending to the Masses.”
702-208-6736 Cell Newport Beach, Calif. PDT

4-Ways I can Help You!

*Grab a copy of our “bible:” Learn More

*The Business of Lending: Learn More

*Free Bi-Monthly Newsletter: Learn More

Now, Go Make Some Serious Money!

Jer Ayles-How to Start A Consumer Loan Business

How to Loan Money to the Masses

Consulting: How to start a payday loan business, an installment loan business, a car title loan business...

Course: How to Loan Money to the Masses

How to Loan Money to the Masses Profitably
How to Loan Money to the Masses Profitably

6 In 10 People Don't Have $500 cash!

That's 156,000,000 Adults!

CURO, a publicly traded lender, originates $1 Billion dollars [+/-] in consumer loans every 3 months. They have approximately a 3% market share. What's this mean for you? OPPORTUNITY!

The near-prime will soon be the subprime. Demand for loans of $500 to $5000+ continues to escalate. Opportunities are boundless for lenders.

As a lender, your inventory is MONEY! Not tulips dying. Not bananas rotting. The 99% will ALWAYS need money. Debt is the reality of living in America.

What do we do? We teach entrepreneurs how to lend money to the Masses. We lend money. We offer Courses, consulting, investments, access to our vast network of vendors, lawyers, Instant Bank Verification, payment processors, website designers, and underwriting...

We are 100% focused on the business of lending to the masses! Installment loans, car title loans, payday loans, line of credit loans...

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