Pandemics, Riots: Lending to the Masses & Baby Boomer 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.
YOUR’E 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!
Lending to the Masses? It’s About the Job. Which States Have Greatest Demand for Loans!
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.
$550 Million Settlement with Santander Subprime Auto Loans: Arizona AG
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! […]
I Have a Dream. It Has a Surprise Ending. I’m Out of Work
I have a dream! With a surprise ending! I’m out of work! I’m an optimist. Always have been. Present ANY scenario to me and I will ferret out the positives and solutions. [For perspective, know that I’m a consultant for “Loan Sharks;” the business of lending to the masses. In “polite society” and in the […]
Corona: States Where Consumers Need Small-Dollar Loans the Most
Based on Google Search Results, Which States Have the Greatest Need for Small-Dollar Loans. Personal loans, payday loans, installment loans, title loans, home equity loans… U.S. households are on the hunt for fast cash. “WalletHub compared the 50 states across four metrics. Google search trends were combined for related search terms.” Scroll over each state […]
CORONA: The State of the PDL, Small-Dollar, Installment Loan Industry & CURO PR.
Key Themes:
Survival: Hoard cash. “Keep your powder dry,” as they say. STOP LENDING!
Focus on getting your money!
MOIP: “Money Over the Internet Protocol.” Prepare/embrace the phone!
Digitize your lending operation.
Look around you! 70% of your competition will be gone!
The business of lending to the masses has radically changed! The “good old days” are NOT returning.
One thing will not change; DEMAND by consumers for cash!
What’s Working-Storefront Operations and Corona Strategies
Corona & Storefront Lenders I have equity in some pawn shops, payday loan, title loan, personal loan… brick-n-mortar locations. I belong to a couple of industry groups & associations in a multitude of States. The following is what ONE entrepreneur has chosen to do to remain open. I am not endorsing it. Rather, sharing it […]
36% APR-In Defense of Payday Loans: Academics, Legislators, Banks, Tribes
Know that a $300 loan in 1900 is equivalent to a $7,000 loan today! So… that’s their plan [banks]. MUCH higher loan principals – no way is a bank or credit union going to fund a $300 loan. And, minimum 12 to 60 month loan terms! Say goodbye to a quick $300 until your next payday!
Lending to the Masses Through the Roof! Enova, Curo, Elevate, Lendup… $300M Quarters
By Jer Ayles CURO reports $300M+ quarter. Enova reports a $300M+ quarter. Lendup reports $2B. On and on and on! Demand by consumers in all economic brackets through the roof unabated! I could name dozens of additional lenders struggling to meet demand. In January 2019, Dave.com had 1,000,000 subscribers paying a $1/month subscriber fee JUST […]