The $100 Ripple Effect: Lessons for Subprime Lenders in Serving Credit-Challenged Consumers
A bald, bearded stranger stopped in a small town and walked into its modest hotel to inquire about a room. Before inspecting the premises, he left a $100 bill as a deposit with the hotel owner. What followed next was extraordinary. The hotel owner, clutching the $100, rushed next door to pay his overdue grocery […]
Ever Had a French Fry Burn? That’s What Your Financial Restrictions Feel Like.
Let the Market Decide: A Lesson from the Counter Jer, ever had a french fry burn? Doesn’t feel great, does it? But sometimes, it takes that kind of sting to wake folks up. Those who want to tell us how best to handle our finances—our “overlords”—could learn a thing or two from actually working the […]
To those who criticize subprime lenders, let’s be real about the alternatives for financially challenged consumers.
Why Subprime Lending Isn’t the Villain You Think It Is Yes, subprime lenders charge high fees, but consider the reality: more than 60% of U.S. workers live paycheck to paycheck, often facing sudden financial crises with nowhere else to turn. When their car breaks down, a medical bill hits, or rent is due, what options […]
Inflation Insights: Strategic Moves for Subprime Lenders
Inflation Is Here to Stay: What This Means for Subprime Lenders Today’s inflation report shows some hard truths: overall CPI is 2.4% year-over-year, while core inflation is 3.3%. On the surface, this might sound manageable—near the Fed’s 2% target. However, inflation remains stubbornly high in critical categories like rent, food, transportation, and insurance—all essentials for […]
Loan Sharks Await: The Dangerous Illusion of Eliminating High-Interest Credit
The Inescapable Market for Credit It is an undeniable reality of economic life that credit, like all goods and services, emerges naturally in response to demand. Individuals will always seek loans because their financial choices are limited. These individuals borrow because they face circumstances where credit is the rational choice, given their alternatives. Many of […]
Don’t Miss Out on the $500 Billion Subprime Lending Market: Your Step-by-Step Guide to Success
By Jer: Get ready to dive into the ultimate step-by-step checklist that will unlock the secrets to launching your very own subprime loan business, both online and in-store! This isn’t just any guide—it’s a power-packed roadmap infused with state licensing, tribal model, storefront and internet lending insights and cutting-edge industry best practices, giving you the […]
Who Benefits When the Working Poor Stay Broke?
Despite a thriving economy in some sectors, millions of U.S. households – the working poor – struggle with unexpected financial emergencies. This issue isn’t just about income inequality or lack of financial literacy—it’s about the fundamental accessibility to quick, EZ cash. ~ 40% of Americans can’t get their hands on $400 to deal with an […]
Debunking the Myths: How Tribal Lending Empowers Consumers and Tribes Alike
Why Outsourcing Isn’t Exploitation: The Strategic Partnerships Powering Tribal Lending The media’s portrayal of tribal lending is often biased. While recent articles, like this one by ProPublica, have highlighted concerns such as high-interest rates and consumer complaints, they do not fully acknowledge the positive economic impact that tribal lending can have on historically marginalized and […]
Subprime Lending: Your Biggest Challenge?
We know the small-dollar loan industry is filled with unique challenges and opportunities. As a valued member of our community, your insights are incredibly important to us. That’s why we’re reaching out to hear from you directly: What’s the biggest challenge you’re currently facing in your business? Whether it’s navigating regulatory changes, attracting new customers, […]