Installment Loans vs Payday Loans. What’s the Difference?

By | Apr 28, 2017

Installment Loans vs Payday Loans. What’s the Difference? I get at least one call every day along the lines of, “What’s the difference between a payday loan and an installment loan.” They say a picture is worth a thousand words so here you go. Typical Installment Loan Breakout from Page 248 of our “How to […]

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Installment Loan Profits: The Business of Installment Loans

By | Sep 21, 2015

Installment Loan Profits An installment loan business offers tremendous opportunity BUT there are caveats. The first is the implementation of the 36% APR that many consumer advocates propose. A $500 installment loan for a period of six months at a 36 percent APR produces total revenue of $53.79; just under $9 per month. If just one loan […]

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