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 […]
How-to: Installment Loans for the Subprime Demographic
Many of the national Lenders have been transitioning to a multitude of financial loan products in an effort to continue to serve subprime borrowers while still achieving superior ROI. Witness Avant, CURO… You only need to refer to Avant’s latest Q4 earnings call to comprehend the extent of this transition away from single-payment products. Avant’s progeny is CASHNETUSA.com back in the late 90’s. At the time they offered singularly payday loans having 400% – 700% APR payday loans. As per their Q4 earnings call. these single payment [payday loan] products made up a mere 2% of loan originations. Obviously, they see the writing on the wall.
Fintech Loan Executive Available
Lending to the Subprime Masses
Your subprime consumer borrowers are searching for you. Money lending is scaling up again. Your brick-n-mortar customers are simply not coming back. Embrace digital channels, AI, smartphones… or DIE. Here are keyword search trends for December 2021 for Lending Money to the Masses [USA only] “Cash Advance,” “Payday Loan,” “Personal Loan,” “Title Loan,” “Car Title […]