Demystifying a Buy Now Pay Later Startup: Ex-Enova Employee

Arad Levertov is the founder of Sunbit an Ex-Enova employee; a Buy Now Pay Later platform [BNPL}. He shares with my mentor how he did it! Today’s guest was new to the US but had a great job and was making good money. So imagine how surprised and embarrassed he was when he was turned down for a Costco credit card when shopping with his family.

Covid: A Few Thoughts for Those of Us Who Lend Money to the Masses

Covid: A Few Thoughts A Word About Covid & Plagues: History may not repeat BUT it certainly rhymes. In other words, we’ve suffered plagues, environmental catastrophes, economic shocks, depressions, recessions… and ALWAYS recovered eventually. The Covid event is simply a hiccup in time. The 99% will always remain in debt. Consumerism/Instant gratification is in their […]

National 36% APR Cap Introduced

A National 36% APR CAP INTRODUCED! Lenders, NEED HELP? We have STRATEGIES. Reach out to Jer@theBusinessOfLending.com

“WASHINGTON – A bill to protect consumers who borrow with consumer loans has been introduced by U.S. Senate Majority Whip Dick Durbin (D-IL) and other lawmakers. 
The bill, known as the Protecting Consumers from Unreasonable Credit Rates Act, would cap fees and interest on consumer loans at an Annual Percentage Rate (APR) of 36 percent. This is the same limit that currently exists for loans marketed to military service members and families.” https://lnkd.in/gumxCxa

Subprime Lending Opportunities: Lending to the Masses

Change is the order of the day. Banks are slowly eliminating NSF fees [Too much heat by the FED’s!], there are more and more white-labeled platforms, tools & 3rd party solutions being introduced weekly. M & A is scaling. Crypto solutions are creeping into our business. [Did you know you can earn 10%+ using BTC as collateral with a 30% – 50% LTV today?]

Do you have an opportunity? Capital available? Need an introduction? Idea? Challenge? Looking for talent?

Meet me in san Antonio: The Business of Lending to the Masses

Just a heads up! I’m in San Antonio, Texas this week. Want to meet up, let me know.  I’m here 5 days for meetings with international money groups entering the USA installment loan industry. Text 702-208-6736 Jer Jer  “The Business of Lending to the Masses.” Hi Jer As always, thanks for being a loyal email […]

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 […]

Illinois Lenders: How to Remain in Business after the 36% APR Cap

 36% APR rate cap got you down? We have a solution blessed by one of the premier attorneys in our industry. Interested in learning more? Email Jer@TheBusinessOfLending.com PS: If you’re a seasoned small-dollar Lender in ANY of the States entertaining a 36% APR Cap, reach out. Let’s explore…     Jer@TheBusinessOflending.com https://www.linkedin.com/in/jerryayles/ Jer – 702-208-6736 Cell 

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