Category: Uncategorized

15
Oct

Bedford Texas City Ordinance: Payday Loan Stores

 

A Typical Texas Payday Loan City Ordinace

ORDINANCE NO. 16-3183

AN ORDINANCE OF THE CITY OF BEDFORD, TEXAS SETTING FORTH REGISTRATION

REQUIRMENTS AND CREDIT EXTENSION GUIDELINES FOR CREDIT ACCESS BUSINESSES;

CONTAINING A SAVINGS CLAUSE; PROVIDING A PENALTY CLAUSE; AND PROVIDING AN

EFFECTIVE DATE.

WHEREAS, the City of Bedford, Texas is a home rule city acting under its Charter adopted by the

electorate pursuant to Article XI, Section 5 of the Texas Constitution and Chapter 9 of the Local

Government Code; and,

WHEREAS, the City of Bedford, Texas contains credit access businesses, which provide payday

loans and advances to consumers who work and reside within the City; and,

WHEREAS, the City Council of the City of Bedford has determined that certain credit access

businesses engage in abusive and predatory lending practices, offering easy money to those

members of our community who are in a tight spot with onerous terms and fees; and,

WHEREAS, the practices of certain credit access businesses cause members of our community to

become trapped in a cycle of short term, high interest loans resulting in large debt and huge

payments; and,Continue Reading..

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05
Aug

Open a Payday Loan Company

You want to start a small dollar loan business?

A payday loan or car title loan company for example?

Don’t overly complicate this.

How to start a payday loan business

Start a PDL Company

If they are legal where you live, simply visit a competitor offering the types of loans you would like to offer. Appy for an receive a loan. Borrow the minimum amount; say $50 – $100. Get copies of EVERYTHING. All the documents, take a quick picture of the loan charts on the walls. Take note of the licensing authority typically disclosed on the walls of this competitor as well. In the USA, Canada, UK… these consumer disclosures are mandated.

Then, take these docs home and reach out to the licensing authority for details on applying for a license. There is much more to this subject than can be explained here… consider our Payday Loan Startup Manual described here: Payday Loan Business Bible

And, if payday loan or car title loan companies are not legal where you live/work, consider offering them via the Internet. This is not much more challenging than opening a payday loan or title loan store. And of course, we thoroughly teach you how to do this in our “Bible.”

Questions? Jer@PaydayLoanIndustryBlog.com

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22
Nov

ENOVA Payday Loan Job Position

Job Description

Payday & Installment Loan Analytics Services Manager

Your head honcho: Sr. Manager of Analytics

Our Analytics team:

Enova’s Analytics team consists of over 50 quantitative professionals dedicated to using the latest cutting-edge techniques to drive business value.   We are a shared service for the entire company and operate in four core Analytics workgroups:

  • Portfolio Analytics –we focus on building cutting edge risk, pricing, and underwriting models to optimize our lending decisions by using advanced modeling and simulation techniques to optimize the performance of our loan products and operations.
  • Fraud Analytics – analysts on the fraud team use advanced data mining techniques to identify and fight online fraud.
  • Marketing Analytics – the marketing analytics team is focused on applying statistical analysis and predictive modeling to help our marketing teams acquire and retain more valuable customers.
  • Research and Platforms- the RAP team builds and maintains all of our technical tools and platforms.  They help investigate new analytics methodologies, use cases, and data sources, to institute new and best practices within the department.

At Enova we have a company-wide culture that emphasizes data-driven analysis.

This is where YOU come in:

How to start installment loan companyAs an Analytics Services Manager you will be one of Enova’s most valuable resources.   You will be the delivery leader and SME for all of our Analytics products and services provided. You will demonstrate the ability and experience in building relationships both internally and externally.  You will serve as the point of contact for new business pursuits for our Analytics Services team.  Throughout client engagement you will lead the delivery to ensure exceptional results.

Kudos to you if you have:

  • A Master’s degree or PhD in related field of study
  • Experience in Analytics at a financial institution
  • A strong understanding of delivering financial services through the Internet.
  • Proven experience leading a credit/risk analytics, or modeling team, where team members were responsible for quantitative analysis, and model building.

Job Requirements

You’re right for this job if you have:

  • A Bachelor’s degree or equivalent experience, required
  • At least 12 years of experience in an Analytics or related field
  • Previous experience in client facing positions
  • Supported team members in managing projects in areas that involve

Analytics Services

  • Strategic and business development experience
  • Advanced knowledge of statistical/econometric modeling
  • Previous experience with advanced programming skills for meaningful data analysis
  • Must have strong business acumen and communications  skills

Click to Apply: here

The payday loan, installment lending, P2P, merchant cash advance… industry is experiencing unprecedented growth! Demand for loan products continue unabated while the loan products evolve.

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08
Oct

Zest Finance CEO on Payday Loans

Zest Finance

TEDxNewWallStreet – Douglas Merrill – New credit scores in a new world: Serving the Underbanked

Wow! 12,000 payday loans funded every 11 minutes! Zest Finance entered the payday loan space when their founder got a phone call from his sister-in-law. She needed to borrow a few hundred bucks to purchase tires so she could get to work.

Luckily for her, Doug Merill, ex-Google honcho and founder of Zest Finance, had the cash.

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26
Mar

Short ENVA & CSH

Hope you were smart enough to “short” these two publicly traded payday loan companies:

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