Corona: States Where Consumers Need Small-Dollar Loans the Most
Based on Google Search Results, Which States Have the Greatest Need for Small-Dollar Loans. Personal loans, payday loans, installment loans, title loans, home equity loans… U.S. households are on the hunt for fast cash. “WalletHub compared the 50 states across four metrics. Google search trends were combined for related search terms.” Scroll over each state […]
Update: Lenders Payment Protection Program-PPP-FISCA & Mr. Woods Update
We do not have an official word on the PPP program for our industry, at this time. The most recent factual information we have is that our industry does not likely qualify because we are a financial service company. That information comes directly from the Senator’s office in Washington who is chair of the committee that authored the bill.
$2000 Turn-Key “Small-Dollar Loan Business in a Box” for Lenders & a Loan Strategy a la Chime Bank
A colossal quantity of intestinal fortitude and enormous liquidity is required for a balance sheet lender to fund small-dollar loans in this environment! Frankly, if you have been following my counsel, invested in our “How to Lend Money to the Masses Profitably Course,” scheduled and/or completed a consultation with me, you are already hunkered down, […]
Check Cashing Kiosks
I have kiosks machines that enable your store to begin cashing checks in 10 days.
That’s delivered, setup, licensed, banking… EVERYTHING! [Facial recognition, scanner, dispenses cash…]
These kiosks offer a multitude of other services as well!
VERY LIMITED NUMBER available for immediate delivery with more coming soon.
Texas is my ideal target for the few we have available. You can keep your location(s) open!
CORONA: The State of the PDL, Small-Dollar, Installment Loan Industry & CURO PR.
Key Themes:
Survival: Hoard cash. “Keep your powder dry,” as they say. STOP LENDING!
Focus on getting your money!
MOIP: “Money Over the Internet Protocol.” Prepare/embrace the phone!
Digitize your lending operation.
Look around you! 70% of your competition will be gone!
The business of lending to the masses has radically changed! The “good old days” are NOT returning.
One thing will not change; DEMAND by consumers for cash!
Payday Loan Industry Ready to Provide Emergency Funds for Corona
By: Jer Ayles. Our communities rely on the “business of lending to the masses” for much more than small-dollar loans to help them in a jamb! Money transfer to friends and family in other cities and countries, money orders for the millions of households in need, cell phone top-offs… For those pessimists who are reading, […]
What’s Working-Storefront Operations and Corona Strategies
Corona & Storefront Lenders I have equity in some pawn shops, payday loan, title loan, personal loan… brick-n-mortar locations. I belong to a couple of industry groups & associations in a multitude of States. The following is what ONE entrepreneur has chosen to do to remain open. I am not endorsing it. Rather, sharing it […]
Texas Payday Loans, Title Loans, Personal Loans: CAB-Corona-OCCC Texas Advisory
The “business of lending to the masses” is scaling rapidly all over the country.
This is for our Texas lenders. It was issued 20 minutes ago.
It’s likely to serve as a template for the majority of States so I suggest you take a look.
Meanwhile, prepare to SCALE if you’re so inclined!
How to Start a Loan Business Online & Government to Dictate Consumer Lending
“The concern for the consumer and for the less affluent is well taken. But often it has been expressed in a form that has done the consumer more harm than good.”
“For fifty years the Russell Sage Foundation and others have demonstrated that setting too low ceilings on small loan interest rates will result in drying up legitimate funds to the poor who need it most and will send them into the hands of the illegal loan sharks.”
“History is replete with cases where loan sharks have lobbied in legislatures for unrealistic minimum rates, knowing that such meaningless ceilings would permit them to charge much higher rates.”