Lifesaver Credit Solutions for the Subprime
Consumer Lending: innovative marketing tactics, scaling loan originations, minimizing FTPDs, and achieving a superior ROI.
Maximizing Results: How AI-Driven Persuasion is Transforming Call Center Debt Collection
Unraveling the Art of Persuasion: The Cozy Alliance of Persuasion and AI in Revamping Debt Collection Call Centers Debt collection is a tricky business, and for those hardworking folks at call centers, mastering the gentle art of persuasion is absolutely vital. Picture this: call center agents smoothly chatting away, employing just the right persuasive techniques […]
Interest Rate Caps Make Loans Less Available to Subprime Borrowers
Illinois’ imposition of an all-in annual percentage rate (APR) cap of 36% on loans under $40,000 from nonbank and non-credit-union lenders resulted in fewer loans being available to subprime borrowers. Nearly 80% of respondents in an online survey of small-dollar credit customers in Illinois conducted about nine months after the imposition of the Illinois rate […]
Loan Management Fees Got You in a FUNK?
Should you stay or should you go? Hey there Lender, Hope you’re doing great and drowning in a sea of loan requests! We want to chat with you about something that’s been blowing up our phones lately – those pesky Loan Management Software [LMS] vendors and their outrageous fees! Seems like every Tom, Dick, and […]
The Debt Collector’s Secret Weapon: The Robotic Persona
AI Powered Debt Collection Once upon a time, there was a debt collector named John. John had made a name for himself in the industry by offering loans to people with bad credit, but he secretly feared that he wasn’t cut out for the job. Every time John tried to call a borrower to ask […]
High Salaries, Low Savings: The Shocking Truth About Americans’ Paycheck-to-Paycheck Living.
A Lending Club Study reveals: 28%: Share of consumers earning more than $200,000 who live paycheck to paycheck 59%: Share of paycheck-to-paycheck consumers with issues paying their monthly bills that noted significant rises in prices for utilities in the past 12 months 48%: Share of consumers living paycheck to paycheck with issues paying bills who […]
Loan Shark Larry Resume
Greetings, financial world! I’m the copywriting “shark” you’ve been waiting for. My writing is as sharp as my teeth and as sleek as my fins. I am the predator of financial copywriting, and I take no prisoners. Name: Loan Shark Larry Objective: To sink my teeth into a career as a financial copywriting shark. Education: […]
Entrepreneurs: Little-Known, Insider Benefits of Starting a Consumer Loan Business
There are several types of consumer loan products available for subprime borrowers, who typically have lower credit scores and may struggle to secure loans from traditional banks and financial institutions. Some of the most common types of consumer loan products for the subprime market include: Payday Loans: Payday loans are short-term, high-interest loans that are […]
Insider Difference Between Payday Loans & Installment Loans
Think of a payday loan like borrowing a little bit of money from a friend to buy a toy and then giving the friend all the money back the next time you get paid. An installment loan is like borrowing a bigger amount of money from a bank to buy a bicycle and then paying […]