Trump, Jobs, and Subprime Loans: Why America’s Lenders Are Set to Thrive
Trump is back in the White House. It’s an exciting time for running small loan businesses, and I couldn’t be more optimistic. For those of us working day in and day out to provide honest, reliable credit to credit challenged folks who need it most, having a President who values hard-working Americans is a breath […]
Cracking the Code: How World Acceptance Corporation Achieved Extraordinary Profits in Subprime Lending
As a lender, owner, operator, capital provider and consultant analyzing World Acceptance Corporation’s latest earnings report, I see several positive trends and opportunities for lenders operating in the subprime consumer lending space, particularly those focusing on small-dollar loans for customers facing sudden financial emergencies.. Market Opportunity World Acceptance Corporation’s results indicate a growing demand for […]
The subprime lending industry is poised for tremendous expansion..
Dave.com targets financially challenged individuals, particularly those who are employed but live paycheck to paycheck and may not have access to traditional banking services. These borrowers typically need small-dollar, short-term loans to cover unexpected expenses, such as utility bills, car repairs, or emergencies. Dave.com caters to customers who have thin credit files or subprime credit […]
The Truth About State-Imposed 36% APR Caps
By: Jer Ayles – Trihouse Consulting. The continuing trend of states imposing a 36% APR cap on payday loans is touted as a consumer protection measure. However, this well-intentioned policy has unintended consequences that actually harms the very people it aims to help. Let’s explore why payday loan products are better than the state implementing […]
Capture More Borrowers: 20 Innovative Marketing Strategies for Subprime Personal and Car Title Loans
In today’s challenging economic climate, more consumers than ever face sudden financial emergencies. With bankruptcies on the rise and many households struggling to cover unexpected expenses, the demand for quick, accessible financial solutions has never been greater. As a subprime personal loan or car title loan provider, your services are not just valuable, they are […]
The Payday Loan Industry: A Necessary Lifeline or Legalized Extortion?
The Controversial Truth About Payday Loans: Necessary Evil or Predatory Trap? Doris James, a hardworking single mother of two, never imagined she would find herself in a financial crisis. With a stable job as a cashier, she managed to make ends meet each month. But when her youngest child fell ill and required expensive medical […]
Shocking Rise in Delinquency Rates: Why Car Title Loans Are the Ultimate Solution!
The New York Fed’s Quarterly Report on Household Debt and Credit for Q1 2024 uncovers a significant trend: credit card and auto loan delinquencies are on the rise across all age groups, signaling a growing financial distress among households. Total household debt increased by $184 billion (1.1%), reaching $17.69 trillion, with mortgage balances up by […]
60% Can Barely Make Ends Meet: Unveiling America’s Paycheck-to-Paycheck Crisis
The “PYMNTS-New-Reality-Check-February-2024” report provides an in-depth look into U.S. consumers’ financial struggles and behaviors, particularly those living paycheck to paycheck. Below are the statistics highlighted in the report. [Link to Report below.] NOTE: While this “PYMNTS-New-Reality-Check-February-2024” report indicates that a segment of U.S. consumers remains somewhat optimistic about their financial futures despite economic pressures, I […]
Fintech Lenders “Don’t Need No Stinking Badges” Quo: Lender to the Masses
How to Loan Money to Strangers Man, there are some serious new approaches to “The Business of Lending to the Masses” entering the marketplace. I’ve previously broken down OneMain.com, Dave.com, and Earnin.com… and more on our Blog. Today, I point you to Quo. Now if you’re “old school,” like I was back in the day, […]