The Debt Collector’s Secret Weapon: The Robotic Persona
AI Powered Debt Collection Once upon a time, there was a debt collector named John. John had made a name for himself in the industry by offering loans to people with bad credit, but he secretly feared that he wasn’t cut out for the job. Every time John tried to call a borrower to ask […]
High Salaries, Low Savings: The Shocking Truth About Americans’ Paycheck-to-Paycheck Living.
A Lending Club Study reveals: 28%: Share of consumers earning more than $200,000 who live paycheck to paycheck 59%: Share of paycheck-to-paycheck consumers with issues paying their monthly bills that noted significant rises in prices for utilities in the past 12 months 48%: Share of consumers living paycheck to paycheck with issues paying bills who […]
Profits: 2023 Demand for Car Title, Installment & PDLs
A new CFPB study revealed, “Between our 2021 and 2022 surveys, use of payday loans, installment loans, and car title loans increased dramatically nationwide! Demand for car title loans, in particular, rose nearly 3%.” The financial stability of Black and Hispanic consumers, renters, and under-40s suffered dramatically between 2021 and 2022, said the CFPB. The […]
For Lenders: “What If” Scenarios Excel Powered
TYPICAL WHAT-IF SCENARIOS You buy leads. Should you buy $2.00 leads? $10 leads? $50 leads? $100 leads? $185 leads? [The average CAC [Customer Acquisition Cost in our industry is $185.00] What’s the impact on your loan portfolio if you convert 8% of $50 leads vs 3% of $10 leads? What if you increased your “reacts” […]
Shop Us
As your consultant, you are not just getting an hour of conversation – you are getting access to years of experience, insights, and strategies that can help you achieve your goals. FAST! If you’re worn out spending hour upon hour searching Google for consumer loan business strategies, know-how, software, licensing, consumer credit reporting, sample contracts, collection […]
Heads Up: Debt Buyers Paying More for Our Bad Paper
payday loan, car title loans, installment loans… % Debt buyers are in a state of frenzy. Payday, installment, car title… lenders are working their bad debt longer than normal. Why? Our subprime borrowers are sitting on a ton of cash. Our collection Team is experiencing more than usual success.
Hire Us
PS: You may be asking: “If lending money to the masses is so profitable, why aren’t we keeping our 20+ years of experience, secret sauce, strategies, and tactics to ourselves? GREAT QUESTION! It’s because 60%+ of households cannot access $400 cash when faced with a sudden financial emergency! That’s millions of ordinary folks who cannot […]
Rational Discussion: Why People Focus on APR and Why They Shouldn’t
Guest Post by Pawnbroker Steven Adsit: Recently, in a pawnbroker forum, the discussion turned to State APR [Annual Percentage Rate] Caps on Payday Lenders. Some pawnbrokers voiced opinions that Payday Lenders were predatory and charged too much. Others defended them and said the rates were needed based on risk and cost. I want to discuss […]
BEHIND THE SCENES WITH 17+ WORLD-CLASS CONSUMER LENDING EXPERTS: March 3rd-4th 2021
FREE: GO BEHIND THE SCENES WITH 17+ WORLD-CLASS CONSUMER LENDING EXPERTS March 3rd & 4th 2021The Business of Lending to the Masses Discover how to adapt, pivot, and thrive in the new economy as a consumer lender. This event will bring together the best in the industry to teach you how to navigate the legal […]