Collection Strategy No-No for PaydayLoans, Car Title & Check Cashers
n our industry, you’d better “get” collections. Comprehending Federal and state collection practices are crucial to us. After all, we’re really a “collections business.”
Time to Use the Power of Text in Marketing and Collections for Payday Loan, Car Title…
Here is the how and why Text Messaging can help your Collection efforts INCREASE up to 25% or more and your payment defaults DECREASE by about 40%, as well as generate new leads and create repeat customers.
Payday Loans - Consumer Federation of America Wake-Up!
Consumer Federation of America WAKE-UP! Educate yourselves first!! Payday loan consumers MUST HAVE BANK ACCOUNTS TO QUALIFY FOR A PAYDAY LOAN! Of course they must have a job also in order to pay us back.
Payday Loan Business: A Magical Method to Increase Profits
Face it! Paying your employees $8.00 to $12.00 per hour just won’t get the job done. You have to incentivize your people to achieve your goals.
Washington Payday Loan Law
The new law limits the size of a payday loan to 30 percent of a person’s monthly income, or $700, whichever is less. It also bars people from having multiple loans from different lenders, limits the number of loans a person can take out to eight per 12 months, and sets up a database to track the number of loans taken out by people.
