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. Â 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 […]
Unlock the Secrets to a 6-Figure Income: Start Your Own Online Subprime Loan Business Today!
How to Loan Money to Strangers Introduction Embark on a transformative journey with our comprehensive eBook, “The Ultimate Guide to Launching an Online Subprime Loan Business.” Unlike a restrictive and costly franchise model, our guide empowers you with unparalleled knowledge, flexibility, and resources to create a thriving subprime loan business. Our eBook is the superior […]
The Payday Loan Industry: A Necessary Lifeline or Legalized Extortion?
The Controversial Truth About Payday Loans: Necessary Evil or Predatory Trap? Doris James, a hardworking single mother of two, never imagined she would find herself in a financial crisis. With a stable job as a cashier, she managed to make ends meet each month. But when her youngest child fell ill and required expensive medical […]
BNPL Under Scrutiny: How CFPB’s New Rules Empower Subprime Lenders
Regulation of Buy-Now-Pay-Later Companies Levels the Playing Field for Subprime Lenders In the ever-evolving consumer finance landscape, the latest buzz centers around the Consumer Finance Protection Bureau’s (CFPB) attempts to regulate Buy-Now-Pay-Later (BNPL) companies. This development heralds a new era of competitive fairness and transparency for ‘subprime lenders’-a term used to describe lenders who provide […]
Shocking Rise in Delinquency Rates: Why Car Title Loans Are the Ultimate Solution!
The New York Fed’s Quarterly Report on Household Debt and Credit for Q1 2024 uncovers a significant trend: credit card and auto loan delinquencies are on the rise across all age groups, signaling a growing financial distress among households. Total household debt increased by $184 billion (1.1%), reaching $17.69 trillion, with mortgage balances up by […]