Payday Loan & Installment Loan APR Calculator

By | Apr 9, 2017

APR Calculator & Fees for Installment and Payday Loans APR Formula: [Note: Click LINK below to download a PDF of this Formula.] 100 X 365/D X (C/L -1) =APR Where: D = number of days of loan C = total cost of loan L = amount of loan Typical Payday Loan example: Client borrows $100 […]


Texas CSO, CAB and 3rd Party Lender Metrics

By | Apr 7, 2017

Texas CAB and Texas CSO- How to Start a Texas or Ohio CSO – CAB lending Company How Texas and Ohio Installment loan lenders and Payday loan Lenders Use CAB’s and CSO’s – Credit Access Businesses – to Increase Their APR’s above the lower mandated small dollar loan caps. The Texas Constitution mandates a 10 […]


Real World PDL vs Bank APR Comparison

By | Apr 4, 2017

There is continued controversy regarding the Annual Percentage Rate [APR] of a payday loan – single payment product – versus bank overdraft fees. Those who compete against payday loan, car title loan and installment lenders – banks, credit unions, pawn shops… always refer to payday loan APR’s as “outrageous!” And yet, a cursory review of […]


Starting a Payday Loan -Title Loan Company

By | Mar 24, 2017

Hello Money Lender, Insight & Wisdom in small dollar lending. Digging down below the media headlines… We congratulate you for recognizing the profit potential of the “business of lending.” It’s incredible how profitable and powerful a lending business can be! Simply put, lending is the best possible business you can be in. Why? Your inventory […]


The Unbanking of America-Professor Lisa Servon Worked in a Payday Loan Store

By | Mar 9, 2017

Why the Payday Loan Industry is Not Only Surviving But Thriving in 2017! Why do real people use payday loans? Why does the middle class choose check cashers rather than banks? Watch Professor Lisa Servon discuss her new book [2:09 minutes in Video] “Unbanking of America.” One of the RARE academic’s who ACTUALLY LEAVES THE […]


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