Category: Strategy

17
Jun

Subprime Lending Opportunities: Lending to the Masses

Posted by / Opportunities, Strategy
Installment Loans - Start a consumer Loan Business
I’m overwhelmed with inbound opportunities!
 
  • Canadian First Nation collaborations: Want to seriously muddle the regulatory and compliance environment? Insulate your loan portfolio from plaintiff’s attorneys? Create one loan product capable of serving all USA states? Ask me how: LeaningRockFinance.com
 
  • Capital available: Serious $$ are available for seasoned lenders. Consumer demand is picking up dramatically. You all know we are headed into Q3 & Q4, our primo demand season! Both State licensed and Tribal lenders are in need of additional capital to “put on the street.” Criteria? Seasoned portfolios with superior executive Teams having “skin in the game.”
  • Buy-Here-Pay-Here opportunity in Canada. 
  • Deal structure? All debt – all equity – blended… Open to all structures. Creativity is the name of this game! All debt typically earns 12% – 20%+ depending on the financial product, the Team, State vs Tribal model, equity kicker…
  • Exit strategy? This is always an important element in any deal. Get acquired? Simply build an “annuity” that spins off cash? IPO? Tribal purchase? Anticipated time frame?
  • SAAS Plays. We are looking for “picks & shovels” SAAS companies needing capital and solid industry insight accompanying the investment. Several platforms/entrepreneurs from Silicon Valley, Boston, Austin… are looking for investors to scale their platforms and integrate with Lenders and vendors already in consumer lending.
  • Title lending: Huge demand for Loans collateralized by cars, trucks, equipment, RV’s boats [Entrepreneur owns a marina for storage/Repos!] Don’t know how? We have experienced operators to teach you! Collateralized loans to the subprime are very profitable. And it’s NOT a collections business, unlike personal loans. Defaults are almost a non-event!
  • <36% APR Theme: it’s becoming the norm. More States are implementing. There are sophisticated, seasoned Teams offering >36% APR loans – particularly in the car title loan space – who have been scaling their portfolios while achieving 90% – 200%+ APRs LEGALLY. [Passed years of State audits.] They need additional capital to meet demand.
  • Consumer Demand: Government subsidies and State unemployment benefits expired. Credit card debt scaling. Student debt payments starting back up. Evictions are back in play. People are people. Our demographic is spending $$ and borrowing more. Pent-up demand!
  • Bad debt: There will soon be a tsunami of “bad paper” to “work.” Consumer credit is drying up. Credit card rates approaching 30%! Debt buyers are on the hunt. Check out IOUUmpire for a unique white-labeled AI-powered engine for your collection needs. No need for human involvement/call center to negotiate with your past-due borrowers!
  • If you need an OUTSTANDING accountant, bookkeeper, and/or tax savant 100% focused on “the business of lending to the masses,” I’m happy to introduce you. No strings… You might be surprised how much $$$ you can save your loan business by working with specialists in consumer lending. Tax minimization, PPP loan forgiveness, R & D tax credits, creating static pools & financials for operating your loan business more efficiently, raising money, financial projections…
  • Don’t sell your bad paper for $.04 on the dollar. Set up your white-labeled debt negotiation platform and go into business.
  • FYI: I’m receiving more calls and emails from creative entrepreneurs who are targeting their loan portfolios to niches within our consumer loan industry! Elective dental, car repair, plastic surgery, student debt, prescriptions, funding only federal employees, BNPL, collateralized loans of ALL kinds.
  • Illinois paper & data for sale as a result of the <36% APR cap… I cannot keep up with the opportunities coming across my surfboard; I MEAN DESK!
  • Crypto staking [collateral] loans, funding consumers via “lightning” – we just completed our first tranche of loans funded to Tennessee borrowers. No ACH! No fees! Peer-2-Peer lending… more on our results to follow.
  • Brick-n-mortars are closing all over the country. Actually, all over the world!
  • Again, I emphasize; IT’S ALL ABOUT THE PHONE TODAY! We have a white-labeled loan App ready for you to launch. Build your own brand!
  •  
  • If you’re unhappy with the fees you’re paying for IBV [Instant Bank Verification], reach out! I can guarantee you will save SERIOUS $$. A simple introduction…
  • IWV [Instant Wage Verification] is another tool you should consider adding to your underwriting. REAL-TIME wages earned! Know in real-time how many hours your borrower earned this a.m. working for one or more employers. USPS, Amazon, Uber, CVS, Walmart, Target, KYC…  70% coverage and growing weekly.
That’s it for now. Just know that “The Business of Lending to the Masses” is exploding!
 
Change is the order of the day. Banks are slowly eliminating NSF fees [Too much heat by the FEDs!], there are more and more white-labeled platforms, tools & 3rd party solutions being introduced weekly. M & A is scaling. 
 
Do you have an opportunity? Capital available? Need an introduction? Idea? Challenge? Looking for talent?

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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

 

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.

09
Jul

Dinosaurs, CFPB, Parasites, Lobbyists and the Payday Loan Ability to Pay Rule

Posted by / Strategy

Will the fools in D.C – both so-called consumer protectionists and bureaucrats – ever comprehend the payday loan product is going the way of the dinosaur? They continue to beat a dead horse! Artificial intelligence (AI), instant bank verification, social media activity in regards to underwriting decisioning, same-day funding, virtual debit cards, wage advance apps, the SMARTPHONE,  Fintech… are all contributing to the demise of the old-school “payday loan.”

 

Image by Capri23auto from Pixabay

“The business of lending to the masses” has leapfrogged these incumbent parasites who rely on lobbyists to ensure they enter office penniless and exit, usually on their death bed, multi-millionaires.

These parasites bemoan the latest edict issued by the CFPB regarding an “ability to repay” rule. Only an idiot would loan money to an unemployed, over-leveraged peasant! Oh, wait! The government – I mean taxpayers, few that there are left will subsidize the loans that cannot be repaid.

In the current environment, many of these parasites should celebrate this latest ruling. Many will need access to taxpayer money while lacking the ability to pay it back. Oh, wait again. Forbearance! Forgiveness! The jubilee is coming to a state near them.

The bourgeois is burning down their house. Of course, the parasites will need help filling out their job application since many lack the ability to fire up their own iPad. But hey, the lobbyist in the next cubicle will offer their services.

To be clear, I’m not saying demand for payday loan styled small-dollar, accelerated, hassle-free, quick, and easy loans are in decline. At least not in the long-term. With the FED’s “printing presses” spitting out cash to anyone who can breathe many brick-n-mortar loan stores are not exactly carrying tons of cash to their bank from new loan originations.  But long term? The business of lending to the masses? The future is OURS!

PS: Details? Reach out to Jer TrihouseConsulting@gmail.com

Ready to get started? Get a copy of our infamous “Bible:” Click Here.

09
Jun

Pandemics, Riots: Lending to the Masses & Baby Boomer Sellers

Posted by / Strategy

Nobody knows the future BUT, although history may not repeat, it rhymes!

The masses ALWAYS need money! This has always been the case and will remain so.

What is “The Business of Lending to the Masses” all about? Let’s get a few things straight!

How to Buy or Start a Consumer Loan Business. Why “Baby Boomers” make the best sellers.

Payday loans, pawn shop loans, car title loans, installment loans, line-of-credit loans, wage advances, loans on smartphones, car title loans… basically the same business. Some loans are collateralized and some are not.

  • YOU ARE LENDING MONEY TO THE MASSES.
  • The masses ALWAYS need money. [Read “The Ascent of Money” and “Debt: The First 5000 Years.”
  • The Chinese virus/pandemic, protests, looting… will subside. These events have ACCELERATED the move to the digital money movement.
  • Change is MOST CERTAINLY here! Job environments are changing. Work from home will increase. It’s a digital world.
  • There will NOT be another lockdown! 40 million jobs cannot be allowed to happen again!!
  • Our recovery will be V-SHAPED. The Federal Reserve is flooding our economy. $3Trillion in stimulus and 75%+ has not even “hit the streets” yet!
  • The use of CASH – dollar bills – for anything will continue to diminish. Doubt me? Ever been in line when a Chinese or Nigerian needs to pay for ANYTHING while visiting the USA and they COMPLAIN about having to have dollar bills? They bitch.
  • Commerce, mindset, jobs… will not return to the “old normal.” The tsunami of liquidity about to overwhelm our economy will create boundless opportunities, speculation, innovation, prosperity, and dramatic increases in employment.
  • Inflation, at least for the next 18+ months will not be an issue. The world needs the dollar! Everything is paid for in dollars.
  • Continued pressure by regulators, politicians, lawyers. consumers… will result in downward pressure on lender fees. 36% max APR’s anyone?
  • The Media will continue to distort EVERYTHING. “Click Bait” is the name of their game. That’s how they make MONEY.
  • Tech is enabling lenders to minimize brick-n-mortar footprints, reduce CAQ [customer acquisition costs], headcount to perform consumer onboarding, servicing, underwriting, verifying employment status, bank account verification, collection processes… yielding qualified borrowers at lower servicing costs.
  • MOIP [Money Over Internet Protocol] is here today. Both lenders and consumers can participate in someday funding – credits/debits – through a variety of payment channels [discussed in our Manual].
  • A plethora of banks, 3rd party vendors, cloud platforms, lead providers, and capital sources can easily be integrated via API’s today thus negating the need for a Lender to “build” all the pieces required to loan money to the masses while continuing to earn a superior  ROI.
  • Online lending will replace brick-n-mortar lending. Smartphones will lead the way!
  • Never forget! Your best new customers are your old customers.

Hundreds of thousands of Baby Boomers” own small businesses today. Many of them are money Lenders, pawnshop owners, money transmitters, currency exchangers… They OFTEN have no one to sell their businesses to! Their kids don’t want them. Their grand-kids dream is not to become a money lender. Their only option? Sell! However, buyers are scarce. So… the only option is for the Boomer to close her business. [Often, it’s the significant other who has to deal with selling/closing the business.] 90% of businesses simply close their doors rather than sell.

What does this have to do with you, Dear Reader? OPPORTUNITY!

Let’s be honest. A majority of these Boomers don’t know what TikTok is! Instagram? Twitter? [Maybe if they follow President Trump.] The power of “Google My Business” for SEO to gain more borrowers? Sure, it’s likely us Boomers use Facebook to view the latest grand-kids photo. But use these platforms to scale their business, NOT A CHANCE.

  • The existence of an App the Lender can enable a consumer to download to their smartphone and tap a $500 line of credit?
  • An App that enables a Lender to install an App on their borrower’s phone rendering it inoperable if the smartphone owner fails to make their monthly payment? [The phone is referred to as “bricked.” It’s a BRICK. Worthless. The borrower cannot uninstall the App. The borrower can only make 911 emergency calls with their BRICK!  Either the borrower makes their $75 [or whatever $$ payment]  payment or loses ALL access to their contacts – THEIR PHONE NUMBER – their FB, Venmo, Zelle, Telegram, WeChat, WhatsApp, photos, camera, digital wallets, bank Apps. music Apps…

The average price of a smartphone in the USA is $600! Many are much more expensive: Statista

Top 10 millennial App downloads 2020:

  • Instagram
  • Facebook
  • Snapchat
  • YouTube
  • Twitter
  • Amazon
  • Reddit
  • Pinterest
  • WhatsApp
  • Spotify
  • Netflix

You want to get into the “business of lending to the masses? Run your business from anywhere in the world? Fund small-dollar loans to anyone in the world?

Look for opportunities. Again, many Boomers are tired, burned-out, or simply want to pass on their years of hard work to someone who recognizes what they’ve built, will carry on the business, AND pay the Boomer overtime for all their years of hard work. This strategy certainly makes more sense than simply closing the doors and walking away.

If I were attracted to this industry – ANY industry – I’d be looking for the following scenario:

  • A motivated seller [Ask me, your accountant, your lawyer, biz brokers, walk into businesses you want to buy… tell Everyone you’re looking for a business.]
  • A seller lacking an easy “out.” No family to take over. No buyers.
  • The regulators, the compliance bureaucrats, the Chinese virus, and the riots and the looters have burned them out; mentally.
  • A seller who has finally recognized 90% of businesses don’t sell. They just close.

Let’s say a Boomer’s company is making $100,000 in profits/year.

  • Don’t pay more than $200K for it.
  • Don’t just handover $200K to the Boomer.
  • Offer $10K and a payout of $220K over 3 years, or 4 years, 5 years…?
  • NEGOTIATE!
    • Say you both agree to a payout of $200K over 4 years for the business.
    • Out of the $100K/year in profits, you pay the Boomer $50K/year for 4 years.
    • Accomplishing this, you the young, savvy, tech-oriented entrepreneur that you are, add value to the biz. You scale it BIG.
    • You buy more of these little moneymakers.
    • The Boomer is thinking, “You’re going to pay me $10K for my lease and a few desks and old computers plus $50K/year for 4 years and I don’t have to simply walk away from my life’s work with ZERO $$?” DONE DEAL!
  • IT’S a  NEGOTIATION! Get creative!
    • Negotiate the down payment
    • Negotiate the number of years you have to pay the Boomer off.
    • Negotiate how much training the Boomer provides.
    • Negotiate any real estate involved.
    • Negotiate with all the current vendors the Boomer has accounts with.
  • Almost 11,000 Boomers are retiring EVERY DAY! What do you think the numbers will look be after the current MESS this planet is in? MORE!
  • Buy MORE! Add the Internet MOIP strategy. Scale this monster cash machine. Eventually, you can sell for 10X+ the “sellers discretionary income.” [I prefer this metric vs EBITDA.]

SUMMARY:

  • The MASSES always need access to cash over the long haul.
  • Get the word out. Find that perfect”TARGET” company to acquire and enable you to accomplish YOUR GOAL!
  • Get control.
  • Build a TEAM. Incentivize them to succeed. Clear, transparent rewards given often.
  • Hire quick. Fire fast.
  • Scale it. Add social media, integrate with 3rd party vendors, and reduce your costs. Evolve to the phone.  [NOTE: Need an App for your biz? Want more info about “bricking a phone” so you can use it to collateralized your customer’s smartphone? Email: Jer@TrihouseConsulting.com
  • Renegotiate ALL existing contracts and leases with vendors.
  • Review every line item on your P & L. Cut…
  • Implement MOIP.
  • Outsource those tasks others can perform faster, better, cheaper than you. Your time is VALUABLE! Ask me for the PASSWORD: Resources.
  • The economy is not yet fixed BUT it will be very soon!
  • Protests will not end but OPPORTUNITIES are here now.
  • Be ready to rock-n-roll. While your competition is crying and moaning, you are ready to POUNCE!

Exciting times and new opportunities ahead! Stay tuned!

27
May

Lending to the Masses? It’s About the Job. Which States Have Greatest Demand for Loans!

Posted by / Strategy

You’re a Lender! You’re funding unsecured B2C loans? You have no leverage! Sure, credit “dings” will influence a tiny percentage of your borrowers. But, your borrowers will pay their rent, buy food and try to hang on to their transportation before they elect to pay you.

“Many employees in the ‘so-called upper class’ are experiencing their six-figure incomes slip through their fingers. A Nielsen study found that one in four families making $150,000 a year or more are living paycheck-to-paycheck, while one in three earning between $50,000 and $100,000 also depends on their next check to keep their heads above water.

Attention B2C Lenders! Consumers need CHOICES! Competition = < Customer Acquisition Costs = lower fees enabling your company to take market share from incumbents, prepare for “The Corona Aftermath,” and scale BIG! 

Imagine if your customer had YOUR app on THEIR smartphone. They suddenly realize they need $100 to make it until their next paycheck. If you’re a Lender with 1000’s of customers having your own branded app on their phone, you’re IN! A couple of clicks and your borrower has $$ on their virtual debit card or in their bank account within minutes!

Think of the ramifications. Zero friction for your customers. A continuing RELATIONSHIP with your clients. As a Lender, you have a captured audience with tons of historic data about their previous loan history with you. You can charge your 1000’s of customers a monthly subscription fee [Dave.com charges $1/month to 5M borrowers with their app as of last September $5,000,000 per month even if they fund zero loans!! You could make money by arbitraging the interchange fees. Dave.com charges $4.95 to “accelerate the ACH into their borrower’s bank account. And let’s not even talk about “THE TIP!”

The best part? Today, Lenders can secure their own privately branded IOS or Android app for pennies! Your app! Your BRAND! Your life-time borrower. Your data! A no-brainer… Ask me how: Click Jer at “The Business of Lending to the Masses!”

Pre-Corona – January 2020 – CareerBuilder found that 78% of U.S. workers are living paycheck to paycheck. 

Source: WalletHub

And this just in from “The Hill:” Tenants are afraid mass evictions will take place in the coming weeks as eviction moratoriums across the country begin to expire. 

“As the Coronavirus pandemic began to take a grip on the country in March, dozens of states passed eviction moratoria that protect tenants from being removed from their homes. But landlords in most states are still able to file eviction notices, meaning some tenants only have until the day their state’s eviction orders expire until they have to leave their homes. “

“In Texas, where the pause on eviction proceedings ended on May 19, a local CBS affiliate found that landlords in North Texas had filed at least 1,111 eviction petitions between March 16 and early May.”

“Eviction protections expire in Iowa on May 28. Residents in Florida could begin facing eviction as soon as June 3, and in Washington state evictions protections are lifted on June 4.”

“In California and New York, two states with giant populations, eviction protections expire in late June.”

“Maya Brennan, a housing policy expert at the Urban Institute, said it won’t take long to see the effects of evictions on communities. “

“The eviction court process is usually very quick and efficient,” Brennan said.”

[Anyone realize that the tenants thrown out of their homes will have to go somewhere? Homeless housing? A revolving door? Secure housing from the landlord who just evicted their previous tenant for failure to pay their rent. It’s an untenable situation! But allow me to continue…]

J. Edward Moreno from “The Hill” goes on…

“In some cases, tenants are accumulating rent payments even as their source of income is cut off. With no way to make up lost wages, it’s unclear how tenants will make up their rent.”

“The coronavirus relief bill signed into law by President Trump in March suspended evictions through July 24 for those who receive federal housing assistance and for nonpayment of rent on properties with federally backed mortgages. The Urban Institute estimates that the federal moratorium protects more than 1 in 4 rental units nationwide or about 28 percent.”

“Rep. Ilhan Omar (D-Minn.) in April introduced the Rent and Mortgage Cancellation Act, which would cancel rent for tenants and transfer mortgages to the federal government and allow landlords to recoup their rent costs. Efforts by Omar and other progressives to include the bill in more recent corona virus relief legislation fell flat.”

“As the country continues to reel from mass unemployment, a U.S. Census Bureau survey published last week found that 21 percent of Americans are not sure if they will be able to pay rent next month.”

“According to an Urban Institute study, 10 percent of parents and guardians with children under age 19 living at home said they were late or didn’t pay their rent or mortgage between March and April because of financial hardship.

“We are absolutely terrified,” said Cea Weaver, spokesperson for the New York-based tenant coalition Housing Justice for All. “The No. 1 message that we get is from people who are not sure what to do and asking for support, and what we have to tell them is there is no option.”

“It’s also becoming increasingly clear that the economic blow of the pandemic will last until even after states begin to reopen in the coming weeks. According to a recent study from the University of Chicago, 42 percent of coronavirus-related job losses aren’t expected to recover

“So I think that we should expect that your new income is your new income,” Weaver said. “Maybe things will change a little bit, but not a lot.”

“During the 2008 financial crisis, Congress passed the Protecting Tenants in Foreclosure Act, which banned the removal of any tenants being evicted if the eviction was solely due to the property being in foreclosure. But without federal lawmakers passing rent relief legislation this time around, state lawmakers are taking on the push as their states face massive budgetary fallout.”

“New York State Senate Majority Leader Michael Gianaris (D), introduced legislation in March that would suspend rent payments for those affected by the pandemic. The bill hasn’t passed committee as the state’s legislative session draws to a close on June 2.”

“Illinois Gov. J.B. Pritzker (D) announced Tuesday he would extend the ban on evictions in his state past Friday when Illinois’s stay-at-home order is scheduled to expire. His move comes as the state legislature has also failed to pass legislation that would cancel rent and mortgage payments statewide for those experiencing coronavirus-related hardships.”

“California Gov. Gavin Newsom’s (D) March eviction order prevented renters from being physically evicted from the premises, but it didn’t actually prevent landlords from filing the eviction in court preemptively. The Judicial Council of California later extended the governor’s order to prevent nearly all eviction filings in the state.”

“At the time, the California Apartment Association said the move is “unnecessary, overly broad,” and “invites tenants who have the financial wherewithal to pay their rent to withhold it, leaving landlords struggling to cover their own bills and to keep employees on their payroll.”

“Shanti Singh, a spokesperson for Tenants Together, a housing nonprofit organization based in San Francisco, said tenants have been contacting their hotline at record numbers this month.”

“Though the organization does not provide formal legal aid, they said most renters reach out seeking more information about what their rights are in these circumstances. Some have said they are working out informal agreements with their landlords to avoid eviction.”

“We are deeply concerned that there’s going to be an eviction cliff when these phases of emergencies are lifted,” she said.”

Here’s a link to “The Hill” original piece: The Hill

Are you itching to get into “the business of lending to the masses?” Do you comprehend the SIGNIFICANT tsunami for the demand for small-dollar loans in Q2, Q3, Q4, and beyond?   Are you a vendor, call center operator, payment processor, lead generator, loan management software provider, a lawyer… interested in learning more about this industry? Get a copy of our “Bible: How to Loan Money to the Masses Profitably.” Click to view the “Table of Contents” and get our 500+ page PDF delivered into your inbox immediately.

Finally, for perspective on money and lending read/listen to “Debt: The First 5000 Years” and “The Ascent of Money.” two excellent books that will enable you to grasp the significance of money lending over the millennia and enable you to recognize that the masses will ALWAYS be living paycheck to paycheck!


Grab a copy of “How to Loan Money to the Masses Profitably.” Immediate PDF download is available! You could be learning in 60 seconds… Or, schedule a 1:1 private call with our founder, Jer Ayles. Click to schedule…

Jer on LinkedIn

How to open a loan business

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

20
May

$550 Million Settlement with Santander Subprime Auto Loans: Arizona AG

Posted by / Strategy, Tribe

I’ve been pounding the table lately regarding the need for ALL entrepreneurs in ALL industries to collaborate with competent experts who know how to legally prepare you for this litigious society we live in! Yes, I’m well aware of the propaganda! “There are more payday loan stores in the USA than there are McDonald’s.” B.S!

  • Store count is down. There is this “thing” called the INTERNET.
  • Everyone has a smartphone. We have a white-labeled app enabling the masses – even those lacking a bank account – to access a few hundred bucks within minutes via a virtual MasterCard, ACH deposits… We enable the borrower to select their own custom payment plan. They choose when and how to pay us back. Our lower loan production costs = lower CAQ costs = lower customer fees < APR’s
  • Implementation of strategies for asset protection and tax reduction is NOT illegal. Attorney Howard Rosen recently discussed this topic in-depth here: Howard Rosen, Esq. 
  • It’s extremely expensive and time-consuming to secure lending licenses, compliance/regulatory IP state-by-state, followed by annual audits by incompetent government employees. For many entrepreneurs and consumers, the tribal model is a better solution. [Explore here: The Tribal Sovereign Lending Model.]
  • The payday loan product IS A DINOSAUR! Even ENOVA, the publicly traded lender that originally launched as CASHNETUSA in the ’90s disclosed on their last Quarterly Financial Report that single payment [payday loans] represents 2% of their loan portfolio. And they lent $380,000,000 in this 3-month period! CURO is about the same!
  • Big Brother, PEW, CRL, CFPB … continue to dwell and waste taxpayer money on OLD NEWS!

Here’s the latest: More than 12,000 Arizona Car Buyers Eligible for Millions in Relief

PHOENIX—Attorney General Mark Brnovich, along with a coalition of 34 attorneys general, announced today a settlement with Santander Consumer USA Inc., one of the nation’s largest subprime auto lenders, that provides $550 million in relief for consumers, with millions more expected in additional deficiency waivers. More than 12,000 Arizona consumers will receive between $22.7 million and $41.5 million of relief (through restitution checks, in-kind relief, or debt forgiveness). The settlement resolves allegations that Santander violated consumer protection laws by giving high-interest loans to car buyers it knew could not afford them.

“Buying a car is one of the most important purchases a person makes in their life and companies involved in any transaction need to be as transparent as possible,” said Attorney General Mark Brnovich. “Santander knowingly put Arizonans into loans they couldn’t afford, setting them up for years of financial hardship. This settlement holds Santander accountable and provides thousands of Arizona consumers with much-needed financial relief.”

Based on the multistate investigation, the coalition alleges that Santander, through its use of proprietary credit scoring models to forecast default risk, knew that certain consumer segments were likely to default, yet issued high-interest loans to them anyway. Santander exposed these borrowers to unnecessarily high levels of risk through high loan-to-value ratios, significant back-end fees, and high payment-to-income ratios. The attorneys general also allege that Santander’s aggressive pursuit of market share led it to underestimate the risk associated with loans by turning a blind eye to dealer abuse and failing to monitor dealer falsification of income and expenses. Finally, the coalition contends that Santander engaged in deceptive servicing practices and actively misled consumers about the risks of partial payments and loan extensions.

Under the settlement, which is pending court approval, Santander is required to provide relief to consumers and is required to factor a consumer’s ability to pay the loan into its underwriting moving forward.

Santander will pay $65 million to the 34 participating states for restitution for certain subprime consumers who defaulted on loans between January 1, 2010, and December 31, 2019. For consumers with the lowest quality loans who defaulted as of December 31, 2019, and have not yet had their cars repossessed, Santander is required to allow them to keep their car and waive any deficiency balance on the loan, up to a total value of $45 million in deficiency waivers.

The settlement also includes significant consumer relief by way of loan forgiveness. In all, Santander has agreed to waive the deficiency balances for certain defaulted consumers, with approximately $433 million in immediate forgiveness of loans still owned by Santander, and additional deficiency waivers of loans that Santander no longer owns but is required to attempt to buy back from third parties.

Santander will also pay up to $2 million for a settlement administrator who will administer restitution claims, and pay an additional $5 million directly to the investigating states.

Arizona Consumer Settlement Terms

  • Consumer Restitution: Over 12,000 Arizona consumers who defaulted on loans between January 1, 2010, and December 31, 2019, will receive a check for at least $224.80, totaling over $2.7 million in restitution for Arizonans. This dollar amount is subject to increase depending on how many consumers can be located nationwide. If additional funds become available, a second check will be mailed out.
  • Loan Forgiveness:  Arizonans could receive up to $38.7 million in loan forgiveness. Of that amount, approximately $19.9 million for 1,425 loans will be forgiven immediately ($13,964.91 average per loan), and an additional $18.8 million for 1,966 loans that have been securitized by third parties will be forgiven if Santander can repurchase them ($9,562.56 average per loan).
  • In-Kind Relief: $45 million of in-kind relief will be provided to consumers with the lowest quality loans who defaulted as of December 31, 2019, and have not had their cars repossessed. Consumers can keep their vehicles and Santander will give consumers the title and waive any outstanding balance on the loan.
  • Consumer Protection: Additionally, the Arizona Attorney General’s Office will receive $30,000. The funds will be deposited into the Attorney General’s Consumer Revolving funds to be used for future consumer enforcement actions.

Santander has already identified the eligible consumers for each category listed above, and Santander or the claims administrator will attempt to contact those consumers. If you think you may be eligible or would like additional information, please visit http://www.santandermultistateagsettlement.com. Additional information on restitution checks and expected timelines will be available in the near future.

Moving forward, Santander cannot extend financing if a consumer has a negative residual income after taking into consideration a list of actual monthly debt obligations. Additionally, Santander is now required to test all loans that default in the future to see if the consumer, at the time of origination, had a negative income. The test must include an amount for basic living expenses. If the loan is found to be unaffordable and the consumer defaults within a certain amount of time, Santander will be required to forgive that loan.

Santander is barred from requiring dealers to sell ancillary products, such as vehicle service contracts. Santander will also implement steps to monitor dealers who engage in income inflation, expense inflation, and power booking, and Santander will enact additional documentation requirements for those dealers. Further, whereas Santander previously allowed these problematic dealers to waive documentation requirements on income and expenses, Santander no longer will allow such exceptions. If Santander has to use a defaulted mortgage or rent payment value, the amount of input must reasonably reflect the payment value for the geographic location. Finally, Santander will maintain policies and procedures for deferments, forbearances, modifications, and other collection matters that all employees must follow.

Joining Attorney General Brnovich in the settlement are the attorneys general of Illinois, California, Maryland, New Jersey, Oregon, and Washington, who comprise the executive committee; as well as the attorneys general of Arkansas, Connecticut, the District of Columbia, Florida, Georgia, Hawaii, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Michigan, Minnesota, Nebraska, New Hampshire, New Mexico, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Tennessee, Utah, Virginia, West Virginia, and Wyoming.

Copy of complaint.

Copy of Arizona AG Press Release.

Are you ready to jump into “the business of lending to the masses?” Are you tired of kicking tires, Googling your time away day after day trying to figure out how to loan money PROFITABLY while you sit on the beach, “work” in a coffee shop anywhere in the world, and build an asset that ordinary folks everywhere on our planet ALWAYS want and need? MONEY! Go big or go small. It’s your call.

ALL your questions are answered here: “How to Loan Money to the Masses Profitably.”

Your “inventory” is MONEY. It’s not rotting vegetables, yogurt machines, pizza ovens, a franchise… It’s CASH. And everyone needs CASH.

Here’s the “Table of Contents.” 

There has never been a better time to invest in yourself and open up this new paradigm of tools for lending delivered immediately to your Inbox.  This is not rocket science. The pieces to this puzzle have been built. You choose how to assemble them. Websites, apps, customer acquisition, underwriting, processing, funding delivery systems, cloud-based loan management software, collections, defaults, capital, pro formas, integrations, lead providers… These topics and more are in Version 74 of our “bible!”

CORONA? Yes, a real shame! Many incumbents will not survive, Their cost of capital was too high, they were caught over-leveraged and they failed to embrace the latest MOIP [Money Over Internet Protocol] strategies. What’s that mean for those of us left standing? OPPORTUNITY! The masses still need MONEY. More than ever! And, we will survive and prosper post-Corona! Are you ready?

Begin your journey here: “How to Loan Money to the Masses Profitably.” Devour it! Study it! Then, CALL ME on my Cell: 702-208-6736. Free 15 minutes. [Just tell me what is the last word in our “bible” on page 412.] I normally charge $400/hr. 

Who am I? Jer Ayles.

And Jer Ayles.

How to open a loan business

Click the IMAGE to Invest in our Course: “How to Open/Improve 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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