Category: Trends & Tactics

08
Nov

Great News: CFPB Payday Loan Lending Rule Stayed! Opportunities Abundant

Consumers WIN BIG! CFPB payday loan rule shut down!! And DEALS/OPPORTUNITIES are immense today.

Frankly, there has never been a better time to be “lending money to the masses.”

  • Demand for credit by borrowers is huge.
  • Stats are all over the map – depending on the source – but something like 60% of US households do not have access to $1000 cash in an emergency.
  • The big sub-prime lending season is almost upon us.
  • Jobs and ability to pay us back are through the roof.
  • Consumer optimism is sky high.
  • Washington D.C is not likely to devise too many roadblocks that could stifle all this enthusiasm.

THE BIG NEWS TODAY?

U.S. District Judge Lee Yeakel reversed a previous order and granted, in part, the request by acting CFPB Director Mick Mulvaney and two payday loan industry trade groups to delay the payday loan rule’s August 2019 compliance date. “We sought a delay in order to help consumers in general, and borrowers specifically, enable lenders to continue to solve sub-prime borrowers access to credit throughout the USA and  from having to comply with an old CFPB rule before their revisions were even finalized!

The district court in Texas issued an order staying the August 2019 compliance date of the payday rule pending further order of the court.  The court reasoned that, in light of the CFPB’s representation that it would engage in rule making to reconsider both the rule and its compliance date, lenders and consumers facing financial hardships would suffer irreparable harm if the existing compliance date were not stayed. 

Judge Lee Yeakel left the stay of litigation in place, and ordered that the parties file a joint status report.

Meanwhile, know that opportunities in the “business of lending to the masses” today are unfathomable.

I RECEIVE CALLS EVERY DAY! Capital is a commodity. Lacking experienced lending expertise/talent, money not put to “work” is useless. Mid-20’s ROI to “back seat” investors are available. Texas 3rd party lender 12%+ secured returns are out there. Seasoned Fintech lenders having 5+ years lending experience with proprietary loan management software and  apps are on the hunt – now – for capital to “put on the street.” Instant 24/7 loan funding is now available. Virtual, instant debit/credit cards are here. New LMS companies are on the prowl to deliver state-of-the-art solutions for borrowers and lenders. Stores are for sale…

You have a deal? You need a deal? Email your contact info and a bit of “color” to: TrihouseConsulting@gmail.com

OR, wander on over to our offerings to “learn the ropes:” Learning Center

Vendors go here and get listed: Vendor Resources

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17
Sep

Inspiration, Always Be Learning, Payday Loans in Namibia & Title Loans in Mongolia

“The Cash Converters business model [750+ locations in 18 countries] offers a three-for-one income stream for franchisees – dealing in second-hand goods, pawnbroking and micro loans,” said Mukheibir.”

I spoke with a member of Cash Converter’s Team a few months ago. And recently, I received a call from “the largest car title loan operator in Mongolia.”

This is crazy! The majority of us are so focused on US consumers that we fail to pay attention to what’s going on “in the business of lending to the masses” in other countries.

Mongolia? Namibia? Kenya? Tanzania? Afghanistan? South Africa? India? Albania? Romania? Kazakhstan…? Serious, new consumer financial platforms are revolutionizing the business of lending money and money transfer throughout the world!

Look up M-Pesa for example. This service gives MILLIONS of consumers access to “bank like” services. It reduces crime in cash oriented societies and enables instant money transfer. M-Pesa even makes micro-loans to startups. [Could consumers in Detroit and several other cities use this?]

Below, is a real story about a real entrepreneur who launched a pawn/loan/second hand goods store in Namibia recently! It doesn’t matter if you don’t have a clue where Namibia is. [Hint: It borders South Africa.] I didn’t know either until a Namibian Team attended one of our “Boot Camps” in Austin in order to run a loan business. And today, they have expanded operations to the USA. Lookout, they’re buying stores here…

What’s the point? Expand your mind! Don’t focus on WHY you can’t get your consumer loan business launched! Rather, RECOGNIZE you are living in the BEST OF TIMES to be alive. You have the opportunity to do whatever you like from ANY LOCATION on this great planet!

To overcome your inertia, to BEGIN WHATEVER JOURNEY that moves you, STOP watching the daily B.S. “news.” Who cares about the latest traffic jam, car chase, protest by folks having agendas, some stupid “new” study that says daily aspirin causes cancer – until tomorrows “new” study says it doesn’t.

READ/LISTEN TO A BOOK! LISTEN TO A PODCAST!!  Always be learning… Always be improving… Always be helping… BUT 1st: TAKE CARE OF YOUR HEALTH!!!

[PS: If you don’t care about the “business of lending money to the masses,” PICK SOMETHING ELSE!]

Take the new ideas that resonate with YOU & BEGIN! DO SOMETHING! START…

NOW, here’s a REAL STORY OF SUCCESS.

Windhoek-born actor, Dalton Ashikoto who plays businessman Archie Gumbi in TV hit Generations: The Legacy opened the doors to his Cash Converters franchise at the Grove Mall in Windhoek, Namibia recently.

Ashikoto, who also previously appeared as tax commissioner Stanley Gwala in the South African drama series Rhythm City said he enjoys multitasking, hence the opening of the franchise.

“My career has been dominated by the two loves of my life, performing and business,” said Ashikoto.

The acting bug first bit Ashikoto while he was studying for a degree in computer science in Nairobi, Kenya, in the mid-1990s. One of his earliest parts was the lead, Romeo, in Romeo and Juliet, a pivotal experience that ensured the growth of his new passion and eventually led him to train in Los Angeles, USA.

Even so, Ashikoto did not throw caution to the winds and became the poster boy for blended careers, bridging any gaps in acting parts with support from his business interests.

“I started with an IT business,” he added. “The holding company I established 15 years ago has now expanded to cover a range of sectors, including property development, agriculture, transportation and health and fitness. This is my first franchise and I’m already finding that it offers a great learning curve. I am enjoying the challenge and really appreciate all the support I get through this franchise model. I also believe it offers our customers real value for money, which will definitely help drive business growth.”

Ashikoto has planned carefully for success, choosing a site with great visibility and parking at Namibia’s biggest mall. He has also taken on four new employees to assist his Cash Converters store reach his goal of becoming “the best-performing Cash Converters store in the whole of Africa,” he said.

“We are delighted to welcome to the Cash Converters family Dalton Ashikoto and his experience and talent,” said Richard Mukheibir, Cash Converters Managing Director.

“All of us in the company know how each and every one of your skills and resources are tested and polished in setting up a new store. I went through it myself opening the first-ever Cash Converters store in Parow more than two decades ago,” he added.

Mukheibir believes franchising enables would-be business owners to grow their business skills and investment within a supportive and professional environment and guides them in avoiding common start-up pitfalls.

“The Cash Converters business model offers a three-for-one income stream for franchisees – dealing in second-hand goods, pawnbroking and micro loans,” said Mukheibir.

“We are confident that this, combined with our practical understanding and systems support and training, will help Dalton reach his goals of high performance, diversified business interests and a strong customer base,” he said.

So, ARE YOU READY? You want to finally get started in “the business of lending money to the masses?”  Here’s exactly what you need to do:

  1. Get a copy of our Course 1: “How To Lend Money to the Masses.”
  2. Read through it once; quickly. Follow all our startup directions.
  3. Get a loan from a real lender in the state/country YOU plan to launch in.
  4. Get copies of EVERYTHING!
  5. Reread our Course 1.
  6. Call me: Jer at 702-208-6736. Let’s explore…
How to Start a Consumer Loan Business: Installment Loans, Car Title Loans, Payday Loans, Consumer Loans

How to Start a Consumer Loan Business

This story originally appeared here: Economist Namibia.

Trihouse Consulting Services

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How to Start a Consumer Loan Business: Installment lending, car title loan lending, payday loan lending, personal loan business

How to Start a Consumer Loan Business

Course 1: How To Start a Consumer Loan Business

Our 500+ Page Manual
Topics covered:
How to launch a consumer lending business
Payday Loans
Small Dollar Loans
Installment Loans
Car Title Loans
Personal Loans
Signature Loans
Non-Secured Personal Loans
Store Front Lending
Internet lending
Licensing? State/Province
What loan management software to use?
Capital required?
Profitability?
Collections?
Borrower Underwriting?
Store & Internet Lending tactics & strategies
Sample contracts, License apps...
Tribe model
Texas & Ohio CSO/CAB model
$367.95 PDF Immediate Download
100% Refund Policy
View Cart/Checkout
Click Here: $367.95 Immediate PDF Download





Click this link Course #1 for a complete Table of Contents.


View Cart/Checkout
Powerhouse PDL Biz Operator's Manual
Course 2: For Experienced Payday Loan Operator's Only
The REAL DEAL for Existing PDL Lenders
For EXPERIENCED PDL Owners ONLY!
Strategies to improve your storefront PDL business.
Tactics to ramp up your portfolio.
Ideas to reduce defaults
Marketing
Underwriting
Collections
Blunders we made so you can avoid them 🙂
Online lender's tricks to benefit your operation

This information is the real deal with nothing held back. Marketing, underwriting, collections, employee relations, THEFT prevention, bad debt… It’s all in my Course. I’m blunt! I’m straight! I share all my blunders and my successes! And sometimes it’s not pretty!

My Powerhouse Course offer killer strategies for payday owners to grow their business through MEASURED marketing. You will learn how the “tricks” the Online lenders use can benefit you.

You’ll discover how to attract more of your ideal customers and clients, get them to come back more often, have them spending more on each visit and send you more referrals than you ever thought possible. AND, I’m going to teach you…

*100% Money Back Guarantee










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Powerhouse Car Title Loan Course
car title loan business
Powerhouse Car Title Loan Business - Advanced

Course 4: Start a Car Title Loan Business for EXPERIENCED title loan lenders.
Even if you’re NOT in car title lending today, this is great information.

We’re super excited about this Car Title Lending Course because this type of lending is the biggest and most important thing going on in the sub-prime market.

If you want to start in Auto Title, Car Title, Title Pawn... whatever you want to call it, or if you simply want to do it better, INVEST in our Powerhouse Car Title Loan Course #4.

The full course is over 400 pages and it’s $395.00 as a PDF [immediate download in Adobe Acrobat] or $495.00 printed and shipped to your door.

Click this Link for Table of Contents

Four things about our Car Title Loan Course #4:

First:
You’re going to get all the information you need to start and profit loaning money on car titles.  Yes, you can download the entire 400+ pages NOW! And this is real content! This is not 400 pages of sales pitch. We’re not going to pull a “time-share bait and switch” with you. This is real information to use to put money in your pocket immediately.

Second
Value. There’s GOLD in this Car Title Loan Course. The chapter on employee management, supervision and training can make you hundreds of thousands of dollars. The chapter on testimonials will transform your company image, reputation and marketing. Is the course worth $395.00? Nope. It’s worth a hundred times that.

Third:
Guarantee! If you invest in this course... If you review the information... If you think it’s all stupid and you don’t get any value from it... Then we will refund your investment. No questions asked!

Fourth:
Check out my videos. Especially the longer one about unconventional marketing. This 15 minute video demonstrates how you can step outside the “normal” ways of getting great quality customers.

WE build teams of happy collaborators. People who invest in our courses participate in Master Mind groups. We have conference calls. Boot camps. We help operators connect with capital. We’re here to share ideas, and strategies with positive, forward thinking people.

Name of Course: Powerhouse Car Title Loan Course #4.
Target Audience: New and existing storefront and online car title loan providers.
Course Objective: To share proven strategies in dealing with obstacles and opportunities in the car title loan market.
Course Relevance: Secured lending via collateralized car titles is a solid strategy make money lending to the masses or to diversify a payday loan portfolio.







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How to Operate a Texas CAB?CSO Loan Biz

$197.00 How to Operate a Texas CAB?CSO Loan Biz

CSO Credit Services Organization Report (Texas)

An analysis of the Credit Services Organization Model as it applies to Texas. An alternative to the Payday Loan Model.

What is a Texas CSO Credit Services Organization?
In essence, a CSO or Credit Services Organization is defined by the Texas Credit Services Organization Act (Section 393 of the Texas Finance Code) as an entity or person that provides one of the following services:

* Improving a consumer's credit history or rating.
* Obtaining an extension of consumer credit for the consumer.
* Providing advice or assistance to a consumer regarding the previous two services.

How does the CSO Credit Services Organization work with payday loans?
The CSO Credit Services Organization operates as a broker, The Texas Credit Services Organization Act (CSOA) allows the payday loan lender to register as a CSO and act as a loan broker. Thus, the CSO can make loans via "3rd Party Lenders" that are UNREGISTERED and UNLICENSED. The CSO Credit Services Organization acts as a broker for the consumer in need of funds by issuing a "letter-of-credit" on behalf of the consumer to a "3rd Party Lender." This 3rd Party Lender funds the "loan" brokered by the CSO.

How does the Texas CSO Credit Services Organization collect its 3 fees:
A referral fee for referring the consumer to the lender that actually funds the "loan." This is not stipulated by any law but is currently $20 to $30 per $100.
An application fee for filling out the CSO documents; typically $10 per $100.
The interest on the "loan;" Texas state law caps this at 10%/year.

Our 100+ page "Texas/Ohio Credit Services Organization [CSO] Report" includes a thorough description of how this model works, how to construct the loan entity & the CSO, sample agreements between the CSO and the 3rd Party Lender, sample consumer contracts & more.





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Attend a payday loan bootcamp training Payday Loan, Title Loan, Boot Camp, Installment... Boot Camp -LIVE

Boot camps are run in our Texas “live” Loan Center
We offer small dollar loan loan training
You and one employee/partner may attend
Our Payday Loan Manual, our Car Title Loan Manual and our Gold Manual are included
These are “one-on-one” intensive workshops customized for your situation and challenges
We cover both the store model and the Internet Model
The fee is $3550 total per company (Including our Manuals) If you already invested in one or more of our Manuals, you may deduct $500.00.
We schedule our Boot Camps in our Texas location to accommodate your Team

Seminar/Boot Camp
2-Days in a "live" Loan Center in Austin, Texas. Includes our Payday Loan, Car Title Loan and Scrap Gold Manuals in Adobe Acrobat emailed.




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Schedule a Call with our Founders.

You want to learn how to make money by lending money? You’re fed up spending hours and days with “google search” in an attempt to figure out if small dollar lending, payday loans, car title lending and installment loans are profitable?

Talk to an expert!

1] Request a Call; as little as $75.00 for a 15 minute call. Extend the call if you like.
2] Via Clarity.fm, you will be pre-charged for the estimated length of the call, based on our rate of $300/hr.
3] Connect directly with our Founders on the day and at time you select.
4] Ask ANY question regarding the small dollar loan industry
4] At the appointed day/time, call the conference line we provide. After our call, the charge will be adjusted to reflect the actual length of our call.

Jer, Miro and the Team at Trihouse Consulting have taught thousands of entrepreneurs the correct way to identify, evaluate, negotiate, perform due diligence on, finance, turn-around and operate payday loan, car title loan, and installment loan businesses; the business of making money by lending money. Some people think we’re nuts for doing this, but the truth is that we’re far from crazy. DOING & Teaching opens doors for us that pales in comparison to any other channel.
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Consumer Loan Business-Payday-Loan-Pro-Forma-Excel-Spreadsheet

Consumer Loan Business/Payday Loan ProForma Excel Spreadsheet

Consumer Lending > Biz Plan Excel Spreadsheet Pro Forma

Internet/Storefront Lender Excel Pro Forma
Every startup entering the consumer lending/payday loan industry needs our new "PDL Excel Spreadsheet Pro Forma." We had our analytics gurus build this tool. With it, you have the ability to "play" with multiple inputs including lead costs, default rates, loan conversion rates, number of loans funded daily/monthly, average loan principal amount, fee charge per loan principal, rollovers, employee costs, overhead expenses...

We provide a solid foundation with which you can start. Then, you change the variables based on your "secret sauce." We guarantee our "Consumer/Payday Loan Pro Forma Excel Spreadsheet" will blow you away with its power to enable your Team to "see into the future."

There is nothing like this tool on the market today. We've invested our 20+ years of payday loan knowledge and experience as a Lender in this tool. You simply cannot get access to anything like this tool unless you bring serious consumer/payday loan experience and Excel experts to your "game." For both storefront and Internet consumer facing lenders.






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HOW TO VALUE A CONSUMER LOAN/PAYDAY LOAN BUSINESS

HOW TO VALUE A CONSUMER LOAN/PAYDAY LOAN BUSINESS

A Guide to Consumer Loan Company Valuations
Valuation Approaches and Considerations for Buyers, Sellers and Startups of Check Cashing, Payday, Title, & Consumer Loan Companies. Thoroughly covers payday lending, car title lending installment loans... consumer loan business valuations. Delivered immediately to your Inbox.





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How to Collect Your MoneyHow to Get Your Money

What can be worse than not getting paid? Getting sued, or FINED by Government agencies.
There are regulations at the Federal and State level that are created to protect the public from unsavory collections practices. As you work to collect your money, keep in mind that the courts have a mandate to take the side of your non-paying client. Even if this person has cursed you up and down, written you bad checks and lied to you every day for 10 years?

None of that matters. The courts and the law are created to protect the public. Not you or your business. If you go into a collections procedure with an attitude, and crappy documentation, you’re going to get run over by the system and it’s not going to cost your deadbeat customer a cent.




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How to Launch a Tribal Lending Enterprise

How to Launch a Tribal Lending Enterprise

Tribe Sovereign Nation Documentation, Term Sheets & More


A complete package of all the legal documentation required by tribes, lawyers, investors, marketer/servicer groups... to successfully launch a TLE.

Note: All Word Templates are editable for your private use.

  1. Template-Standard Tribe Resolution Creating a Tribally Owned Business

    1. A RESOLUTION OF THE GENERAL COUNCIL OF THE (name of tribe) CREATING AND ESTABLISHING THE TRIBALLY-OWNED BUSINESS (NAME) PURSUANT TO (vesting power in General Council resolution) [Word Doc.]



  2. 3 year Pay Day Lender Loan Volume Projections

    1. (PDF Doc.)



  3. “THE RISKS AND BENEFITS OF TRIBAL PAYDAY LENDING TO TRIBAL SOVEREIGN IMMUNITY”


INTRODUCTION: [25 page PDF by Bree R. Black Horse J.D. candidate at Seattle University School of Law, and an enrolled member of the Seminole Nation of Oklahoma in cooperation with The American Indian Law Journal. Public Domain]

  1. Two Key Tribal Court Cases:

    1. While there have been many, many cases upholding tribal sovereign immunity over the years, two in particular are specific to tribally owned payday loan businesses. [4 page PDF]



  2. 3 Year Proforma.

    1. A 3 year tribe pro forma portfolio [Excel format]



  3. Boilerplate Marketing & Servicing Agreement

    1. Template for TLA & Marketer/Servicer arrangement with Revenue Share Exhibit A. [12 page Word Doc.]



  4. Consulting Agreement

    1. Template Consulting Agreement with Tribe Lending Enterprise [Word Doc]



  5. Resolution

    1. RESOLUTION OF THE GENERAL COUNCIL OF THE (name of tribe) VESTING ECONOMIC & COMERCIAL DEVELOPMENT IN THE GENERAL COUNCIL  [Word Doc]



  6. Car Title Boilerplate Agreement

    1. Example Marketing/Servicing Agreement with TLE [11 page PDF]



  7. Car Title Consulting Agreement

    1. Typical Consultant/TLE agreement specific to car title loan lending [6 page PDF]



  8. Typical Lenders Introduction and Compensation Agreement

    1. Example Tribe/Consultant introduction & revenue share term sheet [5 page PDF]



  9. Example Monthly Payments-Revenue Share Agreement

  10. Typical consultant – TLE revenue share statement [1 page PDF]

  11. Example of Typical Non-Recourse Promissory Note & Security Agreement

    1. Ordinary Borrower/Lender capital security agreement [4 page PDF]



  12. Lawyers' View: Minimizing Regulatory Enforcement Actions Against TLE and Service Providers

    1. Important Factors in a Tribal Lending Relationship [3 page Word Doc]



  13. Frequently Asked Questions Regarding the Mechanics of TLE-TOB/Marketer-Servicer Collaborations

    1. Allen Parker responses to FAQ’s submitted by potential consultants, tribes, and providers of capital. [2 page Word Doc]



  14. Typical TOB Lenders’ License

    1. [19 page Word Doc] A financial services license authorizing the TOB to do business “THIS IS TO CERTIFY that, consistent with Section 4 of the Mahalo District of the North Dakota Tribe Tribal Financial Services Regulatory Act, the enterprise under the jurisdiction of the Mahalo District of the North Dakota Tribe has been licensed by the Mahalo District of the North Dakota Tribe’s Tribal Financial Services Regulatory Commission to provide financial services in furtherance of the Tribe's economic self-sufficiency and political self-determination. It is…”



  15. Example Consultant- Lender Representation Agreement Boilerplate

    1. As titled, an example Consultant retainer/representation agreement [2 page Word Doc]



  16. Example Consultant- Lender Representation Agreement Boilerplate

    1. As titled, a template for consultant –services/marketer agreement [1 page PDF]



  17. Example Declaration of Servicer-Marketer Skill Set Submitted to Tribe

    1. As titled, a sample declaration to tribe regarding servicer/marketer skill set [1 page PDF]



  18. Template for Statement of Consultant-Servicer-Marketer Power Point Presentation to Interested Parties

    1. Editable Power Point presentation [12 page PP]



  19. Typical Tribe/Servicer/Marketer Credit Reporting Business Rules

    1. As titled, a phenomenal Excel list of go/no-go CRA implemented business rules [Excel 10 pages]



  20. Template for “Finders’ Fee”

    1. As titled, editable Finders’ Fee for use by Consultants [2 page Word Doc]



  21. Template for “Finders’ Fee”

    1. As titled. A second version of a Finders’ Fee



  22. Example Business Development Agreement

    1. As titled, editable template for business development agreement between TLE & Consultant [5 page Word Doc]



  23. Term Sheet

    1. As titled. [4 page Word Doc]



  24. TLE-Lender-Services/marketer Bank & Loan Flow Chart

    1. As titled, an visual of “how the money flows.” [1 page PDF]



  25. “Tips for Tribe Economic Directors”

    1. As titled, a public domain analysis for tribal economic development principles. [9 page PDF]



  26. Limited Solicitation RFP

    1. A typical Request for proposal submitted by TLE’s [2 page Word Doc]



  27. PDL Sovereign Nation Manual by Allen Parker

    1. An analysis of the TLE Model [8 page PDF]



  28. Your investment: $7500.00





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14
Sep

Lenders: This is How to Get Your Competitor’s Employees to Spill Their Guts!

Every installment loan, payday loan, car title title loan lender… all consumer lending business owners need information about their competition. As lenders in “the business of lending money to the masses,” I must know what my competition is doing!

I gotta know what’s working for other payday loan, title loan and installment lenders in my area and beyond!

Enable your competition’s employees to spill their guts!

How to “get the dirt” on your competition.

Try Craigslist.com. Run an ad.

Or, as I illustrate below, use Indeed.com to find experienced consumer loan customer service agents and management professionals having SERIOUS EXPERIENCE in the business of lending money.

Input “payday loans” or “car title loans” or consumer loans” or installment loans” or… into the “WHAT “ field. For “WHERE” input your location. [Recall from our “Bible” that you do NOT need a local employee for many of the employee positions needed in your consumer loan business. A remote employee living in a low cost city such as Albuquerque could certainly make collection calls or underwriting calls all day long for your consumer lending business. They could perform all your social media tasks just as well. Why pay a Houston or Los Angeles based employee to knock out your Facebook, Blog Posts, Twitter, Instagram… social media chores? No need!] Here’s a sample of my results for experienced consumer loan pros in my area of Newport Beach, Calif. Couldn’t I just as well plug in Tupelo, Mississippi, one of the cheapest US cities to live in?

Consumer Loan Business Employee Search

Consumer Loan Business Employee Search

How to Start a Consumer Loan Business: Installment Loans, Car Title Loans, Payday Loans, Consumer Loans

How to Start a Consumer Loan Business

Here’s a free template you may use to start:

Job Description

CONSUMER LOAN REPRESENTATIVE & AREA MANAGER

YOUR COMPANY NAME Loans is a short-term consumer finance company specializing in car title, payday loans and installment loans.

We are currently seeking a Loan Representative & an Area Manager to join our growing company and work in our YOUR CITY office.

We are actively recruiting candidates that are looking for a career opportunity with our company. We value the relationships we have cultivated in the communities we serve and expect our employees to be an example of honesty and respect when dealing with them.

YOUR COMPANY NAME Loans has a special approach to business and we only desire experienced candidates that can step up and work towards the exceptional customer service and image we represent.

Consumer Lending Daily Responsibilities to include:

• Providing customer service in person as well as over the phone.
• Processing loans and payments.
• Outbound collection calls.
• Managing defaulted accounts.
• Daily reporting.
• Daily deposits (no cash handling required).
• Handling heavy phone volume.
• General office duties.
• Marketing.

Job Requirements

To be considered eligible for our Loan Representative or Area Manager positions, you must meet the following requirements:
• 12+ months experience with a PDL/title lender (We guarantee we’ll be discreet).
• Excellent customer service skills.
• Computer proficient with full understanding of basic operating systems.
• Basic math skills.
• Excellent communication and organizational skills.
• Ability to multi-task and work in a fast-paced environment.
• Ability to handle heavy phone volume.
• Ability to advance and make serious $$.

Your competition has experienced employees who are often looking for a better situation. Often, your competitors employees are unhappy. Why? Could be they have a crappy boss, maybe the commute is too long, often there is little opportunity for advancement, not enough money… any number of reasons.

So, by reaching out in creative ways to your competition’s employees, you can open a dialog with highly experienced, qualified personnel who are able to provide you with a much different perspective on your business and more than a few tactics that will increase your funded loans, improve collections, decrease first-time defaults… 

And, when I’m lucky enough to get a superior candidate, I often hire, collaborate or at least pay them a couple of hundred bucks for their time. It just feels right.

Thinking of starting a consumer loan business but you’re not sure of where to begin?

TrihouseConsulting@gmail.com

How to Start a Consumer Loan Business: Installment lending, car title loan lending, payday loan lending, personal loan business

Click This Image for Some Light Reading 🙂 Over Your Weekend!


Trihouse Consulting Services

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How to Start a Consumer Loan Business: Installment lending, car title loan lending, payday loan lending, personal loan business

How to Start a Consumer Loan Business

Course 1: How To Start a Consumer Loan Business

Our 500+ Page Manual
Topics covered:
How to launch a consumer lending business
Payday Loans
Small Dollar Loans
Installment Loans
Car Title Loans
Personal Loans
Signature Loans
Non-Secured Personal Loans
Store Front Lending
Internet lending
Licensing? State/Province
What loan management software to use?
Capital required?
Profitability?
Collections?
Borrower Underwriting?
Store & Internet Lending tactics & strategies
Sample contracts, License apps...
Tribe model
Texas & Ohio CSO/CAB model
$367.95 PDF Immediate Download
100% Refund Policy
View Cart/Checkout
Click Here: $367.95 Immediate PDF Download





Click this link Course #1 for a complete Table of Contents.


View Cart/Checkout
Powerhouse PDL Biz Operator's Manual
Course 2: For Experienced Payday Loan Operator's Only
The REAL DEAL for Existing PDL Lenders
For EXPERIENCED PDL Owners ONLY!
Strategies to improve your storefront PDL business.
Tactics to ramp up your portfolio.
Ideas to reduce defaults
Marketing
Underwriting
Collections
Blunders we made so you can avoid them 🙂
Online lender's tricks to benefit your operation

This information is the real deal with nothing held back. Marketing, underwriting, collections, employee relations, THEFT prevention, bad debt… It’s all in my Course. I’m blunt! I’m straight! I share all my blunders and my successes! And sometimes it’s not pretty!

My Powerhouse Course offer killer strategies for payday owners to grow their business through MEASURED marketing. You will learn how the “tricks” the Online lenders use can benefit you.

You’ll discover how to attract more of your ideal customers and clients, get them to come back more often, have them spending more on each visit and send you more referrals than you ever thought possible. AND, I’m going to teach you…

*100% Money Back Guarantee










View Cart/Checkout
Powerhouse Car Title Loan Course
car title loan business
Powerhouse Car Title Loan Business - Advanced

Course 4: Start a Car Title Loan Business for EXPERIENCED title loan lenders.
Even if you’re NOT in car title lending today, this is great information.

We’re super excited about this Car Title Lending Course because this type of lending is the biggest and most important thing going on in the sub-prime market.

If you want to start in Auto Title, Car Title, Title Pawn... whatever you want to call it, or if you simply want to do it better, INVEST in our Powerhouse Car Title Loan Course #4.

The full course is over 400 pages and it’s $395.00 as a PDF [immediate download in Adobe Acrobat] or $495.00 printed and shipped to your door.

Click this Link for Table of Contents

Four things about our Car Title Loan Course #4:

First:
You’re going to get all the information you need to start and profit loaning money on car titles.  Yes, you can download the entire 400+ pages NOW! And this is real content! This is not 400 pages of sales pitch. We’re not going to pull a “time-share bait and switch” with you. This is real information to use to put money in your pocket immediately.

Second
Value. There’s GOLD in this Car Title Loan Course. The chapter on employee management, supervision and training can make you hundreds of thousands of dollars. The chapter on testimonials will transform your company image, reputation and marketing. Is the course worth $395.00? Nope. It’s worth a hundred times that.

Third:
Guarantee! If you invest in this course... If you review the information... If you think it’s all stupid and you don’t get any value from it... Then we will refund your investment. No questions asked!

Fourth:
Check out my videos. Especially the longer one about unconventional marketing. This 15 minute video demonstrates how you can step outside the “normal” ways of getting great quality customers.

WE build teams of happy collaborators. People who invest in our courses participate in Master Mind groups. We have conference calls. Boot camps. We help operators connect with capital. We’re here to share ideas, and strategies with positive, forward thinking people.

Name of Course: Powerhouse Car Title Loan Course #4.
Target Audience: New and existing storefront and online car title loan providers.
Course Objective: To share proven strategies in dealing with obstacles and opportunities in the car title loan market.
Course Relevance: Secured lending via collateralized car titles is a solid strategy make money lending to the masses or to diversify a payday loan portfolio.







View Cart/Checkout
How to Operate a Texas CAB?CSO Loan Biz

$197.00 How to Operate a Texas CAB?CSO Loan Biz

CSO Credit Services Organization Report (Texas)

An analysis of the Credit Services Organization Model as it applies to Texas. An alternative to the Payday Loan Model.

What is a Texas CSO Credit Services Organization?
In essence, a CSO or Credit Services Organization is defined by the Texas Credit Services Organization Act (Section 393 of the Texas Finance Code) as an entity or person that provides one of the following services:

* Improving a consumer's credit history or rating.
* Obtaining an extension of consumer credit for the consumer.
* Providing advice or assistance to a consumer regarding the previous two services.

How does the CSO Credit Services Organization work with payday loans?
The CSO Credit Services Organization operates as a broker, The Texas Credit Services Organization Act (CSOA) allows the payday loan lender to register as a CSO and act as a loan broker. Thus, the CSO can make loans via "3rd Party Lenders" that are UNREGISTERED and UNLICENSED. The CSO Credit Services Organization acts as a broker for the consumer in need of funds by issuing a "letter-of-credit" on behalf of the consumer to a "3rd Party Lender." This 3rd Party Lender funds the "loan" brokered by the CSO.

How does the Texas CSO Credit Services Organization collect its 3 fees:
A referral fee for referring the consumer to the lender that actually funds the "loan." This is not stipulated by any law but is currently $20 to $30 per $100.
An application fee for filling out the CSO documents; typically $10 per $100.
The interest on the "loan;" Texas state law caps this at 10%/year.

Our 100+ page "Texas/Ohio Credit Services Organization [CSO] Report" includes a thorough description of how this model works, how to construct the loan entity & the CSO, sample agreements between the CSO and the 3rd Party Lender, sample consumer contracts & more.





View Cart/Checkout
Attend a payday loan bootcamp training Payday Loan, Title Loan, Boot Camp, Installment... Boot Camp -LIVE

Boot camps are run in our Texas “live” Loan Center
We offer small dollar loan loan training
You and one employee/partner may attend
Our Payday Loan Manual, our Car Title Loan Manual and our Gold Manual are included
These are “one-on-one” intensive workshops customized for your situation and challenges
We cover both the store model and the Internet Model
The fee is $3550 total per company (Including our Manuals) If you already invested in one or more of our Manuals, you may deduct $500.00.
We schedule our Boot Camps in our Texas location to accommodate your Team

Seminar/Boot Camp
2-Days in a "live" Loan Center in Austin, Texas. Includes our Payday Loan, Car Title Loan and Scrap Gold Manuals in Adobe Acrobat emailed.




View Cart/Checkout
Schedule a Call with our Founders.

You want to learn how to make money by lending money? You’re fed up spending hours and days with “google search” in an attempt to figure out if small dollar lending, payday loans, car title lending and installment loans are profitable?

Talk to an expert!

1] Request a Call; as little as $75.00 for a 15 minute call. Extend the call if you like.
2] Via Clarity.fm, you will be pre-charged for the estimated length of the call, based on our rate of $300/hr.
3] Connect directly with our Founders on the day and at time you select.
4] Ask ANY question regarding the small dollar loan industry
4] At the appointed day/time, call the conference line we provide. After our call, the charge will be adjusted to reflect the actual length of our call.

Jer, Miro and the Team at Trihouse Consulting have taught thousands of entrepreneurs the correct way to identify, evaluate, negotiate, perform due diligence on, finance, turn-around and operate payday loan, car title loan, and installment loan businesses; the business of making money by lending money. Some people think we’re nuts for doing this, but the truth is that we’re far from crazy. DOING & Teaching opens doors for us that pales in comparison to any other channel.
View Cart/Checkout
Consumer Loan Business-Payday-Loan-Pro-Forma-Excel-Spreadsheet

Consumer Loan Business/Payday Loan ProForma Excel Spreadsheet

Consumer Lending > Biz Plan Excel Spreadsheet Pro Forma

Internet/Storefront Lender Excel Pro Forma
Every startup entering the consumer lending/payday loan industry needs our new "PDL Excel Spreadsheet Pro Forma." We had our analytics gurus build this tool. With it, you have the ability to "play" with multiple inputs including lead costs, default rates, loan conversion rates, number of loans funded daily/monthly, average loan principal amount, fee charge per loan principal, rollovers, employee costs, overhead expenses...

We provide a solid foundation with which you can start. Then, you change the variables based on your "secret sauce." We guarantee our "Consumer/Payday Loan Pro Forma Excel Spreadsheet" will blow you away with its power to enable your Team to "see into the future."

There is nothing like this tool on the market today. We've invested our 20+ years of payday loan knowledge and experience as a Lender in this tool. You simply cannot get access to anything like this tool unless you bring serious consumer/payday loan experience and Excel experts to your "game." For both storefront and Internet consumer facing lenders.






View Cart/Checkout
HOW TO VALUE A CONSUMER LOAN/PAYDAY LOAN BUSINESS

HOW TO VALUE A CONSUMER LOAN/PAYDAY LOAN BUSINESS

A Guide to Consumer Loan Company Valuations
Valuation Approaches and Considerations for Buyers, Sellers and Startups of Check Cashing, Payday, Title, & Consumer Loan Companies. Thoroughly covers payday lending, car title lending installment loans... consumer loan business valuations. Delivered immediately to your Inbox.





View Cart/Checkout
How to Collect Your MoneyHow to Get Your Money

What can be worse than not getting paid? Getting sued, or FINED by Government agencies.
There are regulations at the Federal and State level that are created to protect the public from unsavory collections practices. As you work to collect your money, keep in mind that the courts have a mandate to take the side of your non-paying client. Even if this person has cursed you up and down, written you bad checks and lied to you every day for 10 years?

None of that matters. The courts and the law are created to protect the public. Not you or your business. If you go into a collections procedure with an attitude, and crappy documentation, you’re going to get run over by the system and it’s not going to cost your deadbeat customer a cent.




View Cart/Checkout
How to Launch a Tribal Lending Enterprise

How to Launch a Tribal Lending Enterprise

Tribe Sovereign Nation Documentation, Term Sheets & More


A complete package of all the legal documentation required by tribes, lawyers, investors, marketer/servicer groups... to successfully launch a TLE.

Note: All Word Templates are editable for your private use.

  1. Template-Standard Tribe Resolution Creating a Tribally Owned Business

    1. A RESOLUTION OF THE GENERAL COUNCIL OF THE (name of tribe) CREATING AND ESTABLISHING THE TRIBALLY-OWNED BUSINESS (NAME) PURSUANT TO (vesting power in General Council resolution) [Word Doc.]



  2. 3 year Pay Day Lender Loan Volume Projections

    1. (PDF Doc.)



  3. “THE RISKS AND BENEFITS OF TRIBAL PAYDAY LENDING TO TRIBAL SOVEREIGN IMMUNITY”


INTRODUCTION: [25 page PDF by Bree R. Black Horse J.D. candidate at Seattle University School of Law, and an enrolled member of the Seminole Nation of Oklahoma in cooperation with The American Indian Law Journal. Public Domain]

  1. Two Key Tribal Court Cases:

    1. While there have been many, many cases upholding tribal sovereign immunity over the years, two in particular are specific to tribally owned payday loan businesses. [4 page PDF]



  2. 3 Year Proforma.

    1. A 3 year tribe pro forma portfolio [Excel format]



  3. Boilerplate Marketing & Servicing Agreement

    1. Template for TLA & Marketer/Servicer arrangement with Revenue Share Exhibit A. [12 page Word Doc.]



  4. Consulting Agreement

    1. Template Consulting Agreement with Tribe Lending Enterprise [Word Doc]



  5. Resolution

    1. RESOLUTION OF THE GENERAL COUNCIL OF THE (name of tribe) VESTING ECONOMIC & COMERCIAL DEVELOPMENT IN THE GENERAL COUNCIL  [Word Doc]



  6. Car Title Boilerplate Agreement

    1. Example Marketing/Servicing Agreement with TLE [11 page PDF]



  7. Car Title Consulting Agreement

    1. Typical Consultant/TLE agreement specific to car title loan lending [6 page PDF]



  8. Typical Lenders Introduction and Compensation Agreement

    1. Example Tribe/Consultant introduction & revenue share term sheet [5 page PDF]



  9. Example Monthly Payments-Revenue Share Agreement

  10. Typical consultant – TLE revenue share statement [1 page PDF]

  11. Example of Typical Non-Recourse Promissory Note & Security Agreement

    1. Ordinary Borrower/Lender capital security agreement [4 page PDF]



  12. Lawyers' View: Minimizing Regulatory Enforcement Actions Against TLE and Service Providers

    1. Important Factors in a Tribal Lending Relationship [3 page Word Doc]



  13. Frequently Asked Questions Regarding the Mechanics of TLE-TOB/Marketer-Servicer Collaborations

    1. Allen Parker responses to FAQ’s submitted by potential consultants, tribes, and providers of capital. [2 page Word Doc]



  14. Typical TOB Lenders’ License

    1. [19 page Word Doc] A financial services license authorizing the TOB to do business “THIS IS TO CERTIFY that, consistent with Section 4 of the Mahalo District of the North Dakota Tribe Tribal Financial Services Regulatory Act, the enterprise under the jurisdiction of the Mahalo District of the North Dakota Tribe has been licensed by the Mahalo District of the North Dakota Tribe’s Tribal Financial Services Regulatory Commission to provide financial services in furtherance of the Tribe's economic self-sufficiency and political self-determination. It is…”



  15. Example Consultant- Lender Representation Agreement Boilerplate

    1. As titled, an example Consultant retainer/representation agreement [2 page Word Doc]



  16. Example Consultant- Lender Representation Agreement Boilerplate

    1. As titled, a template for consultant –services/marketer agreement [1 page PDF]



  17. Example Declaration of Servicer-Marketer Skill Set Submitted to Tribe

    1. As titled, a sample declaration to tribe regarding servicer/marketer skill set [1 page PDF]



  18. Template for Statement of Consultant-Servicer-Marketer Power Point Presentation to Interested Parties

    1. Editable Power Point presentation [12 page PP]



  19. Typical Tribe/Servicer/Marketer Credit Reporting Business Rules

    1. As titled, a phenomenal Excel list of go/no-go CRA implemented business rules [Excel 10 pages]



  20. Template for “Finders’ Fee”

    1. As titled, editable Finders’ Fee for use by Consultants [2 page Word Doc]



  21. Template for “Finders’ Fee”

    1. As titled. A second version of a Finders’ Fee



  22. Example Business Development Agreement

    1. As titled, editable template for business development agreement between TLE & Consultant [5 page Word Doc]



  23. Term Sheet

    1. As titled. [4 page Word Doc]



  24. TLE-Lender-Services/marketer Bank & Loan Flow Chart

    1. As titled, an visual of “how the money flows.” [1 page PDF]



  25. “Tips for Tribe Economic Directors”

    1. As titled, a public domain analysis for tribal economic development principles. [9 page PDF]



  26. Limited Solicitation RFP

    1. A typical Request for proposal submitted by TLE’s [2 page Word Doc]



  27. PDL Sovereign Nation Manual by Allen Parker

    1. An analysis of the TLE Model [8 page PDF]



  28. Your investment: $7500.00





Share
06
Sep

Elephant in the Room: Consumers Use Payday Loan Products to Avoid NSF Bank Fees!

Banks and Credit Unions Force Consumers to Use Payday Loan Products!

The debate so-called “consumer advocates” [not really advocates at all; more anti-business and anti-capitalism] and payday loan advocates get into is stupid! Particularly since these anti-free market folks are peering into our financial products industry from the sidelines.

Do YOU really think banks and credit unions give a crap about their sub-prime customers? Do YOU comprehend that the majority of bank and credit union profits are generated by NSF and other mickey mouse fees they pile on consumers? Do you know who REALLY FUNDS anti-small dollar loan alternative loan products in an effort to eliminate their competition? Do you know that Google funded a payday loan company and then SLAMMED the door to payday loan product advertising on Google? The same Google whose mantra is, “Do No Wrong!”

Other than Professor Lisa Servon, who had the juevos to actually work behind the counter of a RiteCheck in the South Bronx and a payday loan lender in Oakland, California [The Unbanking of America: How the New Class Survives], these people have no clue about the financial needs and measured choices our payday loan, installment loan, and car title loan borrower must make every day.

The misunderstanding about our  loan  fees is a result of the lack of knowledge about WHY payday loan borrowers CHOOSE our payday loan, car title loan and installment loan products to solve daily financial challenges. Our alternative loan products exist simply because of bank and credit union non-sufficient funds [NSF] Fees.

Nobody “gets” the “business of lending money to the masses” with more thought and empathy than those of us who are on the firing lines, talking and counseling our customers every hour, every day!

Want to see the numbers?

Lets examine the APR formula from a payday lending perspective:

APR = (charge/term) * 365

This APR formula breaks down the APR component to a daily figure and then multiplies that calculation to the annual percentage rate [APR]. This isn’t an amortization formula. That is for our installment loan products.

Principle: $100
Interest: $20 dollars per hundred
Term: bi weekly

APR = (20/14) * 356 = 521%

We all know these are relatively static numbers in our industry. The majority of  states have regulated payday loan fees to approximately $15  per $100 loaned to consumers. Of course, there are exceptions; Texas is but one example.

So…

Let’s examine a typical NSF/overdraft bank/credit union scenario.

After my 20+ years working with payday loan customers, I’ve learned that the MAJORITY of our customers seek a payday loan product in order to avoid overdraft charges. Because overdraft charges tend to be charged on a per transaction basis, here is an example of what a typical customer would experience when they overdraft $100 dollars from their bank.

Check Amount      Bank/Credit Union NSF Charge         Balance
$20                                   $35                                                -$55
$40                                   $35                                                -$130
$30                                   $35                                                -$195
$10                                    $35                                                -$240

Totals:
Overdraft Amount: $100
Bank/Credit Union NSF/Overdraft Charges: $140
Balance: -$240

This is a REAL example. We make payday loans, installment loans and car title loans for customers who overdraft 5 – 10 times on a single $100 balance. Customers come to payday lenders because they easily determine that they are actually SAVING money by employing our alternative loan products to solve their financial challenges.

Put yourself in our borrower’s shoes.

How much would you prefer to pay in fees to borrow $100.00? $140 from your bank? Or $15 to $25 [depends on your state] from us; your friendly small dollar loan provider who is available 6 days per week at a minimum and has store hours enabling you to get off work and visit our store at a time that is convenient for YOU, the borrower.

Banks and credit unions get their money back in LESS than 2 weeks. After all, the borrower’s bank is at “the front of the line” to the borrower’s checking account. The bank takes their money FIRST! Zero risk!! A lot of banks charge a daily fee if your bank account is in the negative. With all that to think about, let’s be CONSERVATIVE and say the bank gets their money back on the next paycheck. And lets forget about that daily negative balance charge.

Here is what the APR formula for a bank “NSF loan”would look like:

Bank/Credit Union APR = (140/14) * 356 = 3650%

3650%!! Are you kidding me?

And, this ignores additional HEAVY financial factors – the shorter term, the daily negative balance charges… If we calculate those figures into the bank’s APR, we’d be looking at a 10,000% APR!

Ladies and gentlemen, regulators and politicians, it’s time to understand that there is absolutely NO DIFFERENCE between the interest we charge and the “overdraft charge” that banks pocket EXCEPT FOR THE FACT THAT PAYDAY LOAN PRODUCTS ARE CHEAPER AND SMARTER for the CONSUMER! At the end of the day, both scenarios are exactly the same: interest on money loaned.

The only difference is the price: 521% APR for a payday loan versus 3650% APR for the bank.

Don’t believe my numbers because you think I’m biased?Overdraft fees have reached their highest level since 2009, which was at the end of the Great Recession. Consumers paid $34.3 billion in overdraft fees during 2017 compared to $33.3 billion in 2016, The New York Post reported.Mar 29, 2018.”

How to Start a Consumer Loan Business: Installment lending, car title loan lending, payday loan lending, personal loan business

Click This Image for Some Light Reading 🙂 Over Your Weekend!

Banks boast that their interest rates are around 8% APR, but do our customers have access to them? Show me a bank that will hand out a $300 loan at 8% APR to someone who has a credit score in the 400 – 500’s and I’ll place you on the lap of Santa Claus. It won’t happen because it’s simply not profitable for banks. The reality is that banks boast about their 8% APR loan which are made ONLY available to the rich (with perfect credit scores), while secretly charging the middle to lower class customers more than 2000% on small loans.

The fact is, the majority of society is in the middle class to lower class income bracket today. They need 3 “gig jobs” to live with a roommate, deal with their student debt, make their car lease and EAT. Banks don’t make nearly as much by lending to the rich; APRs are too low and the probability of them paying back the bank is nearly guaranteed.

Banks make the MAJORITY of their money on NSF/Overdraft charges. In a society which lives mostly from paycheck to paycheck it is almost a sure thing that everyone will overdraft their bank accounts once or twice a year at minimum. But that is a whole other subject.

Want to learn how to help consumers avoid these crazy high bank and credit card fees?

Want to learn “how to lend money to the masses?

Invest in our quarterly updated “bible” of lending, “How to Lend Money to the Masses Course.” We reveal everything you need to know. Installment loans, car title loans, payday loans, licensing, contracts, location, software, how to begin, collections, underwriting, phone scripts… Here’s a link to our “Table of Contents.” Instant download in Adobe Acrobat PDF.

How to Start a Consumer Loan Business: Installment lending, car title loan lending, payday loan lending, personal loan business

Click This Image for Some Light Reading 🙂 Over Your Weekend!


Trihouse Consulting Services

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How to Start a Consumer Loan Business: Installment lending, car title loan lending, payday loan lending, personal loan business

How to Start a Consumer Loan Business

Course 1: How To Start a Consumer Loan Business

Our 500+ Page Manual
Topics covered:
How to launch a consumer lending business
Payday Loans
Small Dollar Loans
Installment Loans
Car Title Loans
Personal Loans
Signature Loans
Non-Secured Personal Loans
Store Front Lending
Internet lending
Licensing? State/Province
What loan management software to use?
Capital required?
Profitability?
Collections?
Borrower Underwriting?
Store & Internet Lending tactics & strategies
Sample contracts, License apps...
Tribe model
Texas & Ohio CSO/CAB model
$367.95 PDF Immediate Download
100% Refund Policy
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Click Here: $367.95 Immediate PDF Download





Click this link Course #1 for a complete Table of Contents.


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Powerhouse PDL Biz Operator's Manual
Course 2: For Experienced Payday Loan Operator's Only
The REAL DEAL for Existing PDL Lenders
For EXPERIENCED PDL Owners ONLY!
Strategies to improve your storefront PDL business.
Tactics to ramp up your portfolio.
Ideas to reduce defaults
Marketing
Underwriting
Collections
Blunders we made so you can avoid them 🙂
Online lender's tricks to benefit your operation

This information is the real deal with nothing held back. Marketing, underwriting, collections, employee relations, THEFT prevention, bad debt… It’s all in my Course. I’m blunt! I’m straight! I share all my blunders and my successes! And sometimes it’s not pretty!

My Powerhouse Course offer killer strategies for payday owners to grow their business through MEASURED marketing. You will learn how the “tricks” the Online lenders use can benefit you.

You’ll discover how to attract more of your ideal customers and clients, get them to come back more often, have them spending more on each visit and send you more referrals than you ever thought possible. AND, I’m going to teach you…

*100% Money Back Guarantee










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Powerhouse Car Title Loan Course
car title loan business
Powerhouse Car Title Loan Business - Advanced

Course 4: Start a Car Title Loan Business for EXPERIENCED title loan lenders.
Even if you’re NOT in car title lending today, this is great information.

We’re super excited about this Car Title Lending Course because this type of lending is the biggest and most important thing going on in the sub-prime market.

If you want to start in Auto Title, Car Title, Title Pawn... whatever you want to call it, or if you simply want to do it better, INVEST in our Powerhouse Car Title Loan Course #4.

The full course is over 400 pages and it’s $395.00 as a PDF [immediate download in Adobe Acrobat] or $495.00 printed and shipped to your door.

Click this Link for Table of Contents

Four things about our Car Title Loan Course #4:

First:
You’re going to get all the information you need to start and profit loaning money on car titles.  Yes, you can download the entire 400+ pages NOW! And this is real content! This is not 400 pages of sales pitch. We’re not going to pull a “time-share bait and switch” with you. This is real information to use to put money in your pocket immediately.

Second
Value. There’s GOLD in this Car Title Loan Course. The chapter on employee management, supervision and training can make you hundreds of thousands of dollars. The chapter on testimonials will transform your company image, reputation and marketing. Is the course worth $395.00? Nope. It’s worth a hundred times that.

Third:
Guarantee! If you invest in this course... If you review the information... If you think it’s all stupid and you don’t get any value from it... Then we will refund your investment. No questions asked!

Fourth:
Check out my videos. Especially the longer one about unconventional marketing. This 15 minute video demonstrates how you can step outside the “normal” ways of getting great quality customers.

WE build teams of happy collaborators. People who invest in our courses participate in Master Mind groups. We have conference calls. Boot camps. We help operators connect with capital. We’re here to share ideas, and strategies with positive, forward thinking people.

Name of Course: Powerhouse Car Title Loan Course #4.
Target Audience: New and existing storefront and online car title loan providers.
Course Objective: To share proven strategies in dealing with obstacles and opportunities in the car title loan market.
Course Relevance: Secured lending via collateralized car titles is a solid strategy make money lending to the masses or to diversify a payday loan portfolio.







View Cart/Checkout
How to Operate a Texas CAB?CSO Loan Biz

$197.00 How to Operate a Texas CAB?CSO Loan Biz

CSO Credit Services Organization Report (Texas)

An analysis of the Credit Services Organization Model as it applies to Texas. An alternative to the Payday Loan Model.

What is a Texas CSO Credit Services Organization?
In essence, a CSO or Credit Services Organization is defined by the Texas Credit Services Organization Act (Section 393 of the Texas Finance Code) as an entity or person that provides one of the following services:

* Improving a consumer's credit history or rating.
* Obtaining an extension of consumer credit for the consumer.
* Providing advice or assistance to a consumer regarding the previous two services.

How does the CSO Credit Services Organization work with payday loans?
The CSO Credit Services Organization operates as a broker, The Texas Credit Services Organization Act (CSOA) allows the payday loan lender to register as a CSO and act as a loan broker. Thus, the CSO can make loans via "3rd Party Lenders" that are UNREGISTERED and UNLICENSED. The CSO Credit Services Organization acts as a broker for the consumer in need of funds by issuing a "letter-of-credit" on behalf of the consumer to a "3rd Party Lender." This 3rd Party Lender funds the "loan" brokered by the CSO.

How does the Texas CSO Credit Services Organization collect its 3 fees:
A referral fee for referring the consumer to the lender that actually funds the "loan." This is not stipulated by any law but is currently $20 to $30 per $100.
An application fee for filling out the CSO documents; typically $10 per $100.
The interest on the "loan;" Texas state law caps this at 10%/year.

Our 100+ page "Texas/Ohio Credit Services Organization [CSO] Report" includes a thorough description of how this model works, how to construct the loan entity & the CSO, sample agreements between the CSO and the 3rd Party Lender, sample consumer contracts & more.





View Cart/Checkout
Attend a payday loan bootcamp training Payday Loan, Title Loan, Boot Camp, Installment... Boot Camp -LIVE

Boot camps are run in our Texas “live” Loan Center
We offer small dollar loan loan training
You and one employee/partner may attend
Our Payday Loan Manual, our Car Title Loan Manual and our Gold Manual are included
These are “one-on-one” intensive workshops customized for your situation and challenges
We cover both the store model and the Internet Model
The fee is $3550 total per company (Including our Manuals) If you already invested in one or more of our Manuals, you may deduct $500.00.
We schedule our Boot Camps in our Texas location to accommodate your Team

Seminar/Boot Camp
2-Days in a "live" Loan Center in Austin, Texas. Includes our Payday Loan, Car Title Loan and Scrap Gold Manuals in Adobe Acrobat emailed.




View Cart/Checkout
Schedule a Call with our Founders.

You want to learn how to make money by lending money? You’re fed up spending hours and days with “google search” in an attempt to figure out if small dollar lending, payday loans, car title lending and installment loans are profitable?

Talk to an expert!

1] Request a Call; as little as $75.00 for a 15 minute call. Extend the call if you like.
2] Via Clarity.fm, you will be pre-charged for the estimated length of the call, based on our rate of $300/hr.
3] Connect directly with our Founders on the day and at time you select.
4] Ask ANY question regarding the small dollar loan industry
4] At the appointed day/time, call the conference line we provide. After our call, the charge will be adjusted to reflect the actual length of our call.

Jer, Miro and the Team at Trihouse Consulting have taught thousands of entrepreneurs the correct way to identify, evaluate, negotiate, perform due diligence on, finance, turn-around and operate payday loan, car title loan, and installment loan businesses; the business of making money by lending money. Some people think we’re nuts for doing this, but the truth is that we’re far from crazy. DOING & Teaching opens doors for us that pales in comparison to any other channel.
View Cart/Checkout
Consumer Loan Business-Payday-Loan-Pro-Forma-Excel-Spreadsheet

Consumer Loan Business/Payday Loan ProForma Excel Spreadsheet

Consumer Lending > Biz Plan Excel Spreadsheet Pro Forma

Internet/Storefront Lender Excel Pro Forma
Every startup entering the consumer lending/payday loan industry needs our new "PDL Excel Spreadsheet Pro Forma." We had our analytics gurus build this tool. With it, you have the ability to "play" with multiple inputs including lead costs, default rates, loan conversion rates, number of loans funded daily/monthly, average loan principal amount, fee charge per loan principal, rollovers, employee costs, overhead expenses...

We provide a solid foundation with which you can start. Then, you change the variables based on your "secret sauce." We guarantee our "Consumer/Payday Loan Pro Forma Excel Spreadsheet" will blow you away with its power to enable your Team to "see into the future."

There is nothing like this tool on the market today. We've invested our 20+ years of payday loan knowledge and experience as a Lender in this tool. You simply cannot get access to anything like this tool unless you bring serious consumer/payday loan experience and Excel experts to your "game." For both storefront and Internet consumer facing lenders.






View Cart/Checkout
HOW TO VALUE A CONSUMER LOAN/PAYDAY LOAN BUSINESS

HOW TO VALUE A CONSUMER LOAN/PAYDAY LOAN BUSINESS

A Guide to Consumer Loan Company Valuations
Valuation Approaches and Considerations for Buyers, Sellers and Startups of Check Cashing, Payday, Title, & Consumer Loan Companies. Thoroughly covers payday lending, car title lending installment loans... consumer loan business valuations. Delivered immediately to your Inbox.





View Cart/Checkout
How to Collect Your MoneyHow to Get Your Money

What can be worse than not getting paid? Getting sued, or FINED by Government agencies.
There are regulations at the Federal and State level that are created to protect the public from unsavory collections practices. As you work to collect your money, keep in mind that the courts have a mandate to take the side of your non-paying client. Even if this person has cursed you up and down, written you bad checks and lied to you every day for 10 years?

None of that matters. The courts and the law are created to protect the public. Not you or your business. If you go into a collections procedure with an attitude, and crappy documentation, you’re going to get run over by the system and it’s not going to cost your deadbeat customer a cent.




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How to Launch a Tribal Lending Enterprise

How to Launch a Tribal Lending Enterprise

Tribe Sovereign Nation Documentation, Term Sheets & More


A complete package of all the legal documentation required by tribes, lawyers, investors, marketer/servicer groups... to successfully launch a TLE.

Note: All Word Templates are editable for your private use.

  1. Template-Standard Tribe Resolution Creating a Tribally Owned Business

    1. A RESOLUTION OF THE GENERAL COUNCIL OF THE (name of tribe) CREATING AND ESTABLISHING THE TRIBALLY-OWNED BUSINESS (NAME) PURSUANT TO (vesting power in General Council resolution) [Word Doc.]



  2. 3 year Pay Day Lender Loan Volume Projections

    1. (PDF Doc.)



  3. “THE RISKS AND BENEFITS OF TRIBAL PAYDAY LENDING TO TRIBAL SOVEREIGN IMMUNITY”


INTRODUCTION: [25 page PDF by Bree R. Black Horse J.D. candidate at Seattle University School of Law, and an enrolled member of the Seminole Nation of Oklahoma in cooperation with The American Indian Law Journal. Public Domain]

  1. Two Key Tribal Court Cases:

    1. While there have been many, many cases upholding tribal sovereign immunity over the years, two in particular are specific to tribally owned payday loan businesses. [4 page PDF]



  2. 3 Year Proforma.

    1. A 3 year tribe pro forma portfolio [Excel format]



  3. Boilerplate Marketing & Servicing Agreement

    1. Template for TLA & Marketer/Servicer arrangement with Revenue Share Exhibit A. [12 page Word Doc.]



  4. Consulting Agreement

    1. Template Consulting Agreement with Tribe Lending Enterprise [Word Doc]



  5. Resolution

    1. RESOLUTION OF THE GENERAL COUNCIL OF THE (name of tribe) VESTING ECONOMIC & COMERCIAL DEVELOPMENT IN THE GENERAL COUNCIL  [Word Doc]



  6. Car Title Boilerplate Agreement

    1. Example Marketing/Servicing Agreement with TLE [11 page PDF]



  7. Car Title Consulting Agreement

    1. Typical Consultant/TLE agreement specific to car title loan lending [6 page PDF]



  8. Typical Lenders Introduction and Compensation Agreement

    1. Example Tribe/Consultant introduction & revenue share term sheet [5 page PDF]



  9. Example Monthly Payments-Revenue Share Agreement

  10. Typical consultant – TLE revenue share statement [1 page PDF]

  11. Example of Typical Non-Recourse Promissory Note & Security Agreement

    1. Ordinary Borrower/Lender capital security agreement [4 page PDF]



  12. Lawyers' View: Minimizing Regulatory Enforcement Actions Against TLE and Service Providers

    1. Important Factors in a Tribal Lending Relationship [3 page Word Doc]



  13. Frequently Asked Questions Regarding the Mechanics of TLE-TOB/Marketer-Servicer Collaborations

    1. Allen Parker responses to FAQ’s submitted by potential consultants, tribes, and providers of capital. [2 page Word Doc]



  14. Typical TOB Lenders’ License

    1. [19 page Word Doc] A financial services license authorizing the TOB to do business “THIS IS TO CERTIFY that, consistent with Section 4 of the Mahalo District of the North Dakota Tribe Tribal Financial Services Regulatory Act, the enterprise under the jurisdiction of the Mahalo District of the North Dakota Tribe has been licensed by the Mahalo District of the North Dakota Tribe’s Tribal Financial Services Regulatory Commission to provide financial services in furtherance of the Tribe's economic self-sufficiency and political self-determination. It is…”



  15. Example Consultant- Lender Representation Agreement Boilerplate

    1. As titled, an example Consultant retainer/representation agreement [2 page Word Doc]



  16. Example Consultant- Lender Representation Agreement Boilerplate

    1. As titled, a template for consultant –services/marketer agreement [1 page PDF]



  17. Example Declaration of Servicer-Marketer Skill Set Submitted to Tribe

    1. As titled, a sample declaration to tribe regarding servicer/marketer skill set [1 page PDF]



  18. Template for Statement of Consultant-Servicer-Marketer Power Point Presentation to Interested Parties

    1. Editable Power Point presentation [12 page PP]



  19. Typical Tribe/Servicer/Marketer Credit Reporting Business Rules

    1. As titled, a phenomenal Excel list of go/no-go CRA implemented business rules [Excel 10 pages]



  20. Template for “Finders’ Fee”

    1. As titled, editable Finders’ Fee for use by Consultants [2 page Word Doc]



  21. Template for “Finders’ Fee”

    1. As titled. A second version of a Finders’ Fee



  22. Example Business Development Agreement

    1. As titled, editable template for business development agreement between TLE & Consultant [5 page Word Doc]



  23. Term Sheet

    1. As titled. [4 page Word Doc]



  24. TLE-Lender-Services/marketer Bank & Loan Flow Chart

    1. As titled, an visual of “how the money flows.” [1 page PDF]



  25. “Tips for Tribe Economic Directors”

    1. As titled, a public domain analysis for tribal economic development principles. [9 page PDF]



  26. Limited Solicitation RFP

    1. A typical Request for proposal submitted by TLE’s [2 page Word Doc]



  27. PDL Sovereign Nation Manual by Allen Parker

    1. An analysis of the TLE Model [8 page PDF]



  28. Your investment: $7500.00





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09
Aug

The Business of Lending Money to the Masses: What’s Going On?

Want to know what’s REALLY going on in “The Business of Lending Money to the Masses?”

Installment loans, payday [single payment] loans, car title loans, personal loans, cash advances… call them what you like, here’s a free method you can use to find out exactly what’s happening in our industry without having to deal with the BS a vendor might feed you.

JUST ASK!

Yeah! Just walk into a local payday loan, car title, pawn shop,check casher, gold buyer store or whatever and ask the employee, “How’s business?”

Yep, it’s really that simple!

You maybe surprised at how candid these clerks and owners can be.

You can portray yourself as a customer or as a fellow business owner depending on the situation as you enter the location.

If it’s really busy in the store, just lurk! Watch! Listen! Learn!

When appropriate, approach an employee and ask open-ended questions:

~ How’s business?
~ Would you like to own a business like this? If yes, why? If not, why not?
~ What’s your biggest problem right now?
~ What’s your greatest opportunity?
~ How did you get started in the business of lending money?

Learn to ask a few questions and then just LISTEN!

Don’t interrupt or butt-in.

You’re not there to display your knowledge and virtues.

You’re there to learn; to gain insight.

What loan products and services are being offered? Anything you should add to your arsenal?

What’s the condition of the location? Is it clean and orderly?

What about signage and lighting? Any ideas YOU should implement in your lending business?

Is it what we refer to as a “No” store?

You know what I mean! Signs plastered all over the place saying”No” this and “No” that. As if management is LOOKING for any excuse NOT to do business with their customers.

Don’t forget to make it a goal to insist that not only you, but your entire team perform this task regularly and consistently.

Pay your employees to visit your competition on their turf AND and call Online money lenders for information gathering as well.

After your employees perform these “reconnaissance missions,” take them to Starbucks, sit down with them, and review their experience!

Probe. As you discuss their findings and observations, train them to get better at this in the future. Alert them TO THE FACT that this research will be a continuing part of their job in the future.

We insist each of our employees perform this task once each month. We systematically map out our competitors and schedule our employees to visit a different competitor’s location and to call the dominant Online lenders in our geo area.

It’s not uncommon for us to pay the fees for a $100 loan for our employee at a competitor. We reimburse our employee, pay for their time and make copies of all the loan documents, pamphlets, brochures, flyers, etc. that they’re given.

So… get the idea? If you want to know what’s going on in your market, JUST ASK! GET OUT THERE!

And if you’re not yet in a niche you’ve been thinking about entering, VISIT those locations that are already in the space you’re interested in. Take cash for gold buying for example. You want to learn about this niche? Hit the road! Visit 10 stores today, ask a few open-ended questions, then SHUT-UP and LISTEN!

What do you think? Let me know: Jer Trihouse

“The Business of Lending Money to the Masses!”
Installment, payday, car title, cash advances, personal loans & line-of-credit lending EXPLAINED.
Make Money by Lending Money
http://www.ScrapGoldGuru.com

Jer Trihouse 702-208-6736 Cell
Knowledge Store: Tribe & State-by-State Licensing Models

How to Start a Consumer Loan Business: Installment lending, car title loan lending, payday loan lending, personal loan business

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