How to Start a Car Title Loan Business
Introduction Starting a car title loan business can be a great way to make money and be of service. By ensuring you have everything in place and are prepared for the challenges of owning such a small business, you’ll be able to get off on the right foot and make sure your new venture succeeds! […]
Payday Loan License for Illinois
Illinois Payday Lender License Application CheckList Application Form A copy of all organization documents is required to be filed with the Illinois Secretary of State and a copy of the filing of assumed business name with the appropriate County Clerk’s office if a sole proprietorship. “Supplemental Application” as provided in the application packet and credit […]
What is CAC: Customer Acquisition Costs 101 for Lenders
For consumer loan companies, what is CAC? Customer acquisition cost, or CAC, is the amount of money spent on sales and marketing required to fund a new customer’s loan. It is calculated by summing a consumer lender’s total sales, and marketing spend and dividing it by the number of new customers acquired. Lenders can calculate […]
How to Start a Consumer Loan Business: $297.00
Here it is! Our newly updated 500+ page Manual. We thoroughly explain step-by-step how to start & operate a profitable consumer loan business. The Course: “How To Start/Improve a Consumer Loan Business.” Our 500+ Page Manual: $297.00 Topics covered: How to launch a consumer lending business Installment Loans Payday Loans Small Dollar Loans Car Title […]
Subprime Loan Originations Expected to Soar After Q3
A new Bank Rate study is out! [Link below.] “As the job market cools down and inflation heats up, a new survey from Bankrate indicates that side hustles are a necessity for a growing number of Americans. Former top motivations for side hustling, like paying off debt and saving, have given way to a […]
WANTED: Portfolio/Platform Acquisition
WANTED: Portfolio/Platform Acquisition: We continue to aggressively pursue $10MM+ collateralized loan [vehicle title] portfolios! Reward! Email Jer TrihouseConsulting@gmail.com
A 36% APR on a 2-week loan = customers pay $1.38 per $100 borrowed.
Learn how to start a consumer loan business! Your inventory is MONEY! What could be better? Zip! Perspective FALLACY #1: Payday lenders, car title lenders, installment lenders, and all small-dollar loan lenders can earn a profit under a state-imposed 36% annual percentage rate cap. FALLACY #2: Small-dollar loan customers should simply go to a bank […]
Look Out! Subprime Lenders Facing Turbulent Times
The Future of the Small-Dollar Micro-Lending Industry We define small-dollar micro-lending products as relatively small loan principals of $50 to $5000 for seven days to 48 months having APRs of 30% to 1500% or more. These products include payday loans, car title loans, installment loans, line-of-credit loans, pawn, rent-to-own and similar products not yet envisioned. […]
62.5 Million Households Need Access to $400 Cash Fast
Approximately 50% of U.S. households [PEW] cannot access $400 cash when faced with a sudden financial emergency! That’s 62,000,000 million households! 🙄 And this trend is getting worse!! Stuff happens. The get-to-work car breaks down. You need to fill a prescription. Your bank dishonors your check to one of your utility companies. Your check […]