I Need to Buy a Payday Loan LMS Company Today
To the point, I need to buy an LMS company. The IDEAL LMS candidate has an existing portfolio of storefronts offering payday, installment, line-of-credit… loans. Our goal is to acquire the clients/Lenders of our target LMS provider. We will then easily enable these Lenders to convert their face-to-face/storefront transactions with their borrowers to online, digital […]
Opportunities Available: Biz of Lending to the Masses
I’ll get right to the point: I have serious buyers for title loan paper! Performing, non-performing… ANYTHING IF you are a buyer of Canadian non-performing installment paper, email me! Anyone have a $1M – $2M online personal loan portfolio for sale? Email me… Have a buyer More deals & wheels coming. YOU have anything? Email […]
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?
Video: Happy Days Ahead for The Business of Lending to the Masses & CFPB Issues New Subprime Study
By: Jer Ayles. WATCH THE VIDEO! I guarantee you’ll feel a WHOLE LOT BETTER about lending to the subprime! [Link] Happy Days Ahead for Subprime Lenders + Covid-19, government subsidies, increased unemployment benefits… have turned “the business of lending to the masses” upside down! But then, YOU ALREADY KNOW THIS! What’s the future of subprime […]
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 […]