How to Start a Title Loan Business
“You know, people say they’re going to pay their house payment first. And then a funny thing happened in 2008, 2009 [during the mortgage meltdown] … Many people let their house go, but they needed that car, and they couldn’t go to work without the car. They left their house…and kept their car payments current.”
The Biz of Lending to the Masses: Fintech, Wage Advance Products & California CFL’s
Fintech “lenders” are pushing the boundaries of what state AG’s consider to be loans. Earnin.com, Dave.com, PayActiv.com, MeetHoneyBee.com, DailyPay.com, Flexwage.com, HelloBrigit.com, BranchApp.com, WageStream.com and on and on all offer “wage advance,” “payroll advance” in essence a “kinder, gentler version” of a payday loan. Fintech, California CFL’s, Wage Advance Products Embroiled in Class Action Lawsuits. The Biz of […]