How to Start a Loan Business in Canada, USA & More
We are consultants for entrepreneurs who want to start or improve their payday loan business operations. We are not Lenders. We teach, consult, offer Courses and provide boot camps and phone consulting services enabling entrepreneurs with a desire to enter this industry to avoid failure. We opened our first location in 1998 in Garden Groove, Calif. Today we own stores and online lending portfolios. Additionally, we teach, lecture, speak, consult entrepreneurs and companies in “The Business of Lending to the Masses.”
36% APR-In Defense of Payday Loans: Academics, Legislators, Banks, Tribes
Know that a $300 loan in 1900 is equivalent to a $7,000 loan today! So… that’s their plan [banks]. MUCH higher loan principals – no way is a bank or credit union going to fund a $300 loan. And, minimum 12 to 60 month loan terms! Say goodbye to a quick $300 until your next payday!
Available: Experienced Operations Manager: Tribal Lending, Call Center, Marketing, Collections
Available: Experienced Operations Manager: Tribal Lending, Call Center, Marketing, Collections… Nici C. is an experienced Operations Manager/Team Member in the Subprime as well as Tribal Lending Industry seeking her next opportunity. With 10+ years of small-dollar lending experience, Nici possesses exceptional skills in call center and operations management, marketing campaign management, CRM, collections, complaint handling […]
MSB Money Service Business: Banking & Compliance
MSB’s, Banking & Regulations Meetup
Staying Banked & Compliance Strong.
How to properly implement your AML Program to keep the bank & Regulators happy.
SAR’s, enhanced due-diligence & internal monitoring… why it matters.
What the banks look for in onboarding an MSB and how not to lose your MSB account
What the regulators look at when conducting a BSA (MSB) examination
What happens to the SAR… A regulatory explanation and case study.
Lending to the Masses Through the Roof! Enova, Curo, Elevate, Lendup… $300M Quarters
By Jer Ayles CURO reports $300M+ quarter. Enova reports a $300M+ quarter. Lendup reports $2B. On and on and on! Demand by consumers in all economic brackets through the roof unabated! I could name dozens of additional lenders struggling to meet demand. In January 2019, Dave.com had 1,000,000 subscribers paying a $1/month subscriber fee JUST […]
How to Start-Improve a Consumer Loan Company? Installment, Payday, Car Title
The demand is huge! Billions lent every month at sky-high interest rates. The profits are there to be had. No single incumbent has more than 6% of the market today. And yet Enova and Curo just reported they each lent out nearly $400,000,000 to consumers in the last 3 months at 200%+ interest rates!
Off Topic: Just Some Friday Fun Dancing & Shout Out to Tim Ranney & Clarity Services
AND a BIG SHOUT OUT TO an old friend TIM RANNEY & Clarity. Back in the day, Tim sponsored a fabulous dinner/dance at the Atlantis Hotel in the Bahamas. Piles of lobster, shrimp, crab… and a live band that played for hours while we all danced and celebrated “the business of lending to the masses.”
Ex-Billionaire Scott Tucker Payday Loan Lender Finally Tells His Own Story
By: Jer Ayles. Consiglieri to entrepreneurs interested in “The Business of Lending to the Masses.” Scott Tucker has been portrayed by Netflix, American Greed, The WSJ, The NYT… and on and on as a pure, 100% scum bag payday loan lender and loan shark for years. When I speak to investors, Wall Street, Family Offices, […]
AB539-California 36% APR Rate Cap: We have Solutions for Lenders Disruption = Opportunity
AB539-California 36% APR Rate Cap: We have Solutions for Lenders – Disruption = Opportunity Are you a licensed California Finance Lender (CFL) title loan Lender? Are you concerned about AB539? Are you funding California car title loans? We can show you how to start/remain in the business of Title lending following the passage of California […]