Car Title Loan Business – How to Start
Virginia car title lending laws have been modified. A Virginia car
title loan business will still prove to be quite profitable. However, you’ll want to be
familiar with these rate changes. Not in Virginia? Look for links to your state as well.
Future of Payday Loan Insight-Advance America provides Insight
Want some really interesting insight into whats going on in our industry? Go here and read the last 2 or 3 10-Q’s. Man… make my head tingle! Click here: Advance Cash America Investors
If you’re like the majority of our readers, legislation and alternative products are of great interest. Here’s a little insight into the advance cash America thinking from their 10-Q:
Changes in Legislation
New Payday Loan Study Positive for the Industry
“The survey evidence paints a negative picture of how consumers view credit union payday loans,” the report said. “Most payday borrowers indicate a strong preference for a less restrictive but high-price standard payday loan; very few prefer the credit union version of a payday loan. Borrowers’ distaste for the credit union payday loan is driven most strongly by credit unions’ shorter hours of operation, a lack of privacy conferred because credit union payday loans do not ‘keep my payday borrowing separate from my other banking, for personal reasons,’ and the fact that defaulting on a credit union payday loan harms one’s credit score.”
Colorado Payday Loans & Laws
Residents of Colorado are about to have restrictions placed on their ability to use payday loan products to solve their temporary financial challenges. A Democratic sponsored bill (there they go again) was sent to the Colorado Governor for his signature Tuesday.
