2024-Navigating the Texas Credit Access Business CAB & CSO: A Comprehensive Guide for CABs, CSOs, 3rd-Party Lenders, Regulators & Consumers
The personal lending landscape can be complex, filled with various regulations and guidelines that lenders must navigate. Texas, known for its robust economic environment, is no exception. One option available to lenders in Texas is to operate under the Credit Access Business (CAB) / Credit Services Organization (CSO) model with a 3rd-party lender. This blog […]
Cost Per Funded Loan: The Ultimate Efficiency Hack for Lenders
💰📊💡 Looking to take your lending business to the next level? You’re in the right place! This blog post unravels the magic behind a powerful metric called Cost Per Funded Loan (CPFL). Whether you’re a seasoned lender or just getting started, understanding and optimizing your CPFL could be the game-changer that skyrockets your efficiency and […]
Subprime Lender Loan Charge-Off Rate (LCR) – Definition and What It Measures
Loan Charge-Off Rate (LCR) – Definition and What It Measures The Loan Charge-Off Rate (LCR) is a Key Performance Indicator (KPI) that quantifies the rate at which a lender’s loans are deemed unlikely to be recovered and written off as a loss. It measures the risk and effectiveness of a lender’s credit decisions and recovery […]
The $500 Loan That Shook the Financial World: An Allegory of Hope and Resilience
I Had a Dream That Shook the Financial World Once upon a time, in a bustling town filled with towering buildings and busy streets, there lived a humble individual named Alex. Alex had always been a hardworking soul, dedicated to his job and striving to make ends meet. However, life had thrown a series of […]
Loan Shark Larry Resume
Greetings, financial world! I’m the copywriting “shark” you’ve been waiting for. My writing is as sharp as my teeth and as sleek as my fins. I am the predator of financial copywriting, and I take no prisoners. Name: Loan Shark Larry Objective: To sink my teeth into a career as a financial copywriting shark. Education: […]
Entrepreneurs: Little-Known, Insider Benefits of Starting a Consumer Loan Business
There are several types of consumer loan products available for subprime borrowers, who typically have lower credit scores and may struggle to secure loans from traditional banks and financial institutions. Some of the most common types of consumer loan products for the subprime market include: Payday Loans: Payday loans are short-term, high-interest loans that are […]
Why Audacious John Chose a Payday Loan vs. a Bank “Loan”
Once upon a time, a consumer named John found himself in a difficult situation. He had written a check for $100 to pay for an unexpected expense but soon realized that the check would bounce because he didn’t have enough money in his account to cover it. He knew that if the check bounced, he […]
Fast Cash for Your Emergencies: Payday Loans
10 Reasons Consumers Living Paycheck to Paycheck Need Access to small Dollar Loans To cover unexpected expenses, such as car repairs or medical bills, that cannot wait until the next paycheck. To avoid late fees or overdraft charges on bills that cannot be paid on time due to a lack of funds. To prevent the […]
How to Start a Loan Business
Are you frustrated investing hour after after hour searching Google for answers for starting a consumer loan business? Have you wanted to start a consumer loan business but don’t know where to start? Car title loans, installment loans, payday loans… 6 ways we can help you What if you could start a consumer loan business […]