Why Consumers Are Obsessed with Workplace Loans – And How Subprime Lenders Can Benefit!
The sudden increase in the search term “Workplace Loans” has severe implications for subprime lenders who offer similar loan products. Here are some insights and considerations based on this observation: PS: I’ll be attending the Online Lenders Alliance [OLA] Tribal Conference in San Diego November 6-8. I have a few spots still open. Meet in […]
Best 2024 Consumer Lending Software-Loan Origination Software
Cut through the Subprime Consumer Loan Software Platform Clutter Let Me Guide You to Your Perfect Match! Boosting Lender Success: A Roadmap to Choosing the Perfect Consumer Lending Software Platform in 2024 Contents Chapter 1: Understanding the Importance of Choosing the Right Consumer Lending Software Chapter 2: Identifying Key Considerations in Consumer Lending Software Selection […]
Unlock the Secrets of Payday Loan Company Licensing: A Comprehensive Guide!
Payday Loan Licensing 1. Introduction– Brief Overview of Payday Loan Companies Licensing– Importance of Licensing2. What is a Payday Loan?– Definition– How Payday Loans Work3. The Necessity of Licensing for Payday Loan Companies– Protecting Consumers– Regulation Compliance– Building Trust with Customers4. Licensing Process– Application– Requirements– Evaluation5. Federal Regulation of Payday Loans– The Consumer Financial Protection […]
Exposed: The Shocking Truth Banks Don’t Want You to Know About Subprime Lending!
I appreciate the acknowledgment that banks are stepping into a space that non-traditional, Alternative Financial Services lenders [AFS] lenders have served for years: short-term, small-dollar loans [$50 to $1500] for individuals needing immediate financial assistance. However, while banks may be newcomers to this arena, it’s essential to understand that they have not improved upon what […]
Will a $3.99 Monthly Initiative Revolutionize Accessible Cash Advances for the Average Joe?
The Disruptor Joe Consumer was more than a simple guy living in a modest apartment in Queens. He was a dreamer, an idealist who wanted to bring financial empowerment to millions of Americans. At 32, he’d done his time working for large tech companies, where he learned a lot about what not to do. Joe […]
🎯 “Maximizing ROI: The Pros and Cons of Pausing Lead Purchases on Mondays and Fridays”
The pros and cons of changing your lead purchasing and staffing strategy. Resource allocation and strategy optimization are crucial for long-term success in the competitive landscape of consumer lending. One proposed strategy is to pause the purchase of leads on Mondays and Fridays, which historically show lower conversion rates and reallocate staff efforts towards converting […]
🤑All Talk, No Cash: Why Trade Associations Are Like That Friend Who ‘Forgets’ Their Wallet!💔
Alternative Financial Services Industry Fights CFPB All right, let’s break this down in simpler terms. You’re in the small-dollar lending business, and there’s some legal stuff going on that could affect you. The CFPB, or Consumer Financial Protection Bureau, made a rule about small business lending. Some trade associations are telling the CFPB to hit […]
2024-Navigating the Texas Credit Access Business CAB & CSO: A Comprehensive Guide for CABs, CSOs, 3rd-Party Lenders, Regulators & Consumers
The personal lending landscape can be complex, filled with various regulations and guidelines that lenders must navigate. Texas, known for its robust economic environment, is no exception. One option available to lenders in Texas is to operate under the Credit Access Business (CAB) / Credit Services Organization (CSO) model with a 3rd-party lender. This blog […]
Cost Per Funded Loan: The Ultimate Efficiency Hack for Lenders
💰📊💡 Looking to take your lending business to the next level? You’re in the right place! This blog post unravels the magic behind a powerful metric called Cost Per Funded Loan (CPFL). Whether you’re a seasoned lender or just getting started, understanding and optimizing your CPFL could be the game-changer that skyrockets your efficiency and […]