Debunking the Myths: How Tribal Lending Empowers Consumers and Tribes Alike
Why Outsourcing Isn’t Exploitation: The Strategic Partnerships Powering Tribal Lending The media’s portrayal of tribal lending is often biased. While recent articles, like this one by ProPublica, have highlighted concerns such as high-interest rates and consumer complaints, they do not fully acknowledge the positive economic impact that tribal lending can have on historically marginalized and […]
Subprime Lending: Your Biggest Challenge?
We know the small-dollar loan industry is filled with unique challenges and opportunities. As a valued member of our community, your insights are incredibly important to us. That’s why we’re reaching out to hear from you directly: What’s the biggest challenge you’re currently facing in your business? Whether it’s navigating regulatory changes, attracting new customers, […]
How Enova Just Scored a $500M Jackpot at 9.125%—And What It Means for You
Game Changer Alert! Feeling squeezed by the high cost of borrowing? Most lenders are bleeding 10-20% and tribal money? Often north of 20%! Now for the bombshell: ENOVA DROPS A $500 MILLION MIC! Chicago, Aug. 12, 2024 – *Enova International, Inc.* (NYSE: ENVA), the fintech powerhouse with a penchant for machine learning and top-tier analytics, […]
Subprime Lender Aquisitions: Looking for John Eames
4-WAYS I CAN HELP YOU! Grab a copy of our “bible:” Learn More Brainstorm: Learn More The Business of Lending: Learn More Free Bi-Monthly Newsletter: Learn More
The subprime lending industry is poised for tremendous expansion..
Dave.com targets financially challenged individuals, particularly those who are employed but live paycheck to paycheck and may not have access to traditional banking services. These borrowers typically need small-dollar, short-term loans to cover unexpected expenses, such as utility bills, car repairs, or emergencies. Dave.com caters to customers who have thin credit files or subprime credit […]
Discover Your State’s PDL Laws! 🌟
Legal Status of Payday Loans by State State Information Click on your state to learn if payday loans are legal or prohibited and the state law that applies. Dear Readers, We’re excited to share a valuable resource for anyone interested in understanding the intricacies of state-by-state payday and installment loan laws, rules, and licensing […]
Top 5 Risks and Opportunities for Subprime Lenders in 2024
Rising consumer credit levels and soaring interest rates Rising consumer credit levels and soaring interest rates have put subprime lenders at a critical crossroads. The latest 2024 Consumer Credit Trends report unveils significant shifts that could redefine the landscape of lending to financially challenged consumers. It’s crucial to understand how these changes impact your business […]
The Truth About State-Imposed 36% APR Caps
By: Jer Ayles – Trihouse Consulting. The continuing trend of states imposing a 36% APR cap on payday loans is touted as a consumer protection measure. However, this well-intentioned policy has unintended consequences that actually harms the very people it aims to help. Let’s explore why payday loan products are better than the state implementing […]
Capture More Borrowers: 20 Innovative Marketing Strategies for Subprime Personal and Car Title Loans
In today’s challenging economic climate, more consumers than ever face sudden financial emergencies. With bankruptcies on the rise and many households struggling to cover unexpected expenses, the demand for quick, accessible financial solutions has never been greater. As a subprime personal loan or car title loan provider, your services are not just valuable, they are […]