Lack of Capital Not the Problem in Small Dollar Lending Space

By | Dec 13, 2012

Be aware! A lack of “capital” is not the challenge in our industry today. There is a “ton” of money looking for opportunities. What is lacking is specific expertise! What “capital” desires is tech savvy, specialized knowledge, a strong Team having the ability to mitigate risk and avoid catastrophic failure at launch and the ability […]

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Payday Loan Software

By | Dec 10, 2012

We’ve been using and evaluating payday loan software (LMS) since 1997. A lot of companies have come and gone. Still, there are probably 40 or more still in the “game” today. Prices vary from sub-$1000 to $10K and more for “off-the-shelf” payday loan solutions. You’ll spend much more on proprietary LMS. I’m asked every day, […]

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Delaware Payday Loan Laws and Regulation

By | Dec 7, 2012

Delaware Payday Loan Short-Term Consumer Loan Limits and Database Requirement. Effective January 1, 2013, Delaware licensed lenders will be able to make only five short-term consumer loans (sometimes called payday loans) in a twelve month period to any one borrower when the loans are made in the State of Delaware or when the borrower is […]

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Payday Loan Tupperware Party Sales Trick! Payday Loans Next?

By | Dec 5, 2012

We all know that our peers and friends are our most trusted recommendations for products and services. The solar industry is relying on the fact that their best sales people are their current customers. Solar companies like Smart Power, Solar City and Sunwize Technologies are paying customers referral fees that approach $450 for sharing their […]

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Payday Loan Metrics & Credit Building

By | Dec 2, 2012

Payday loan lending transaction volume is booming all over the world! Witness the U.K. lender Wonga (founded by an ex-Google executive). Wonga approved a whopping 2.4 million loans last year, an increase of 300% over 2010. In addition to the controversy surrounding these small dollar loans and their perceived “high fees” (let’s not get into […]

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