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Subprime Lenders: Best Tactics for Google My Business Freddie’s GMB Mastery: Boosting Loan Volume Without Adding Staff Once upon a time in the heart of Waco, Texas, there was a subprime lender named Freddie. Freddie’s loan store, nestled on a bustling street, had always enjoyed modest success. However, Freddie knew that to truly thrive, he […]
60% Can Barely Make Ends Meet: Unveiling America’s Paycheck-to-Paycheck Crisis
The “PYMNTS-New-Reality-Check-February-2024” report provides an in-depth look into U.S. consumers’ financial struggles and behaviors, particularly those living paycheck to paycheck. Below are the statistics highlighted in the report. [Link to Report below.] NOTE: While this “PYMNTS-New-Reality-Check-February-2024” report indicates that a segment of U.S. consumers remains somewhat optimistic about their financial futures despite economic pressures, I […]
Fintech Lenders “Don’t Need No Stinking Badges” Quo: Lender to the Masses
How to Loan Money to Strangers Man, there are some serious new approaches to “The Business of Lending to the Masses” entering the marketplace. I’ve previously broken down OneMain.com, Dave.com, and Earnin.com… and more on our Blog. Today, I point you to Quo. Now if you’re “old school,” like I was back in the day, […]
Quick Cash Fix: We’re Buying Subprime Loans, and You Won’t Believe the Offer!
Exciting Opportunity for Investors! We’re Expanding Our Portfolio Are you holding onto subprime loan portfolios and considering your next move? We have exciting news for you! Our team is actively looking to acquire subprime loan portfolios. This is a fantastic opportunity for you to unload unwanted assets and capitalize on your investments. Why Sell to […]
Why the Goeasy Ltd Model is the Future of Non-Prime Lending!
Goeasy Ltd. Reports Results for the Fourth Quarter and Full Year& Announces Increase to Automotive Securitization Facility Quarterly Loan Originations of $705 million, up 12% from $632 million Loan Portfolio of $3.65 billion, up 30% from $2.79 billion Quarterly Net Charge Off Rate of 8.8%, down 20 bps from 9.0% Quarterly Diluted EPS of $4.34, […]
How Lending to Strangers Can Become Your Most Profitable Venture Yet!
Lending Money to Strangers Grab Our Course Customer Referral Programs Here’s an expansion on the idea of “Smart Referral Programs” for lenders, specifically focusing on providing excellent customer service and enhancing client engagement through various strategic actions: 1. Personalized Customer Service: By ensuring customer service representatives (CSRs) address clients by name, lenders can create […]
Rethinking APR: The Misguided Metric Hurting Borrowers
Misconceptions Around Short-Term Loan Costs and the Ineffectiveness of APR Understanding Short-Term, Small-Dollar Loan Expenses Short-term, small-dollar loans, often misconstrued in cost discussions, have a straightforward expense structure for consumers: borrowing $100 typically incurs a flat fee of $15 until the next payday. This model is transparent, with no hidden charges or escalating interest, ensuring […]
Lending to the Masses: Referral Idea
Small Dollar Lending: Idea for Customer Referrals To express appreciation for its clients and underscore continued support of their ongoing financial goals, BargainPaydayLoans.com has launched a customer referral program, awarding existing clients an impressive $110 per new customer referral. [NOTE: All-in, it’s common for lenders to spend as much as $180+ to fund a loan!] Through the customer referral […]
CURO Declares Chapter 11
CURO Group Holdings Corp., a publicly traded consumer lender, has entered Chapter 11 bankruptcy proceedings. This form of bankruptcy involves the reorganization of a debtor’s business affairs, debts, and assets. The Company is an omni-channel consumer finance company founded more than 25 years ago to meet the growing needs of consumers looking for convenient and […]