Banks, Payday Loans and Competition
From Optirate, “Banks have the misfortune to be confronting the discounters just when marketplace and legal changes are drying up some of their traditional revenue sources, like packaging sub-prime mortgages and gouging people with overdraft fees. An economist at a bank regulatory agency (who asks for anonymity) estimates that $25 billion a year of [...]
Payday Loans Are Like Coconuts? You’ve got to be kidding!
I love to talk about the loan shark… I mean payday loan and micro-lending industry. I’m lucky! I receive calls and emails from around the world. So… I’m talking to Charlie B., a silicon-valley buddy of mine who’s been exploring the micro-lending space for a while. He begins to tell me about his trip to [...]
Payday Loan Future Trends? A Look at Our Future!
The future is HERE! Want proof? Read below. When the big boys get it, could it be too late for the rest of us? Got an idea? A solution? Need funding? Connections? Got a bolt of lightning locked up in your jar and need some help unscrewing the lid? Call Me! Email Jer! 702-208-6736 PDT [...]
Payday Loan Customer Acquisition Costs – What Do YOU Think?
Getting a payday loan customer into your store or on your web site landing page is a challenge. What works today? Radio, TV, direct mail, human directional advertising (sign spinners ),Google, Yahoo and Bing searches, referrals, Craigs List, newspapers, PennySaver and Greensheet ads, signs, flyers, business cards yada, yada, yada. The real question? How much [...]
Payday Loan Industry vs Banks: Follow the Money!
A reporter for the Baltimore Sun called me regarding my thoughts on the move by banks into the payday loan space. Banks are making loans to customers based on their direct deposit paychecks. These “payday loans” are then repaid in full – both principal and fees – once the direct deposit clears. It’s VERY common [...]
Zest Cash $19M VC Funding for Short-Term Loans
Thanks to Nick at PDL Industry Blog for this: $19M VC investment in ZestCash for short-term loan product.
Sovereign Nation – Tribe Payday Loan Blog
Interested in the payday loan industry from the sovereign nation – tribal perspective? Check out Allen Parker’s Blog: Consultants4Tribes.com
If You Could Ask One Payday Loan Question
I’m about to meet with a VERY successful payday loan operator on his private yacht. This is your chance to be there! What is your NUMBER ONE QUESTION of him? Make it a good one! Store front or Internet questions are welcome. I’ll share his answer next time… Jer@PaydayLoanIndustryBlog.com The Team at Trihouse Payday Loans [...]
Payday Loan Loyalty Cards
Another “Thinking Out of the Box” micro-lending – payday loan – idea: Customer loyalty cards on their phone. Ever been to your favorite coffee or yogurt shop and forgotten your punch card? You know the one… buy 10 coffees and get the 11th one free? Of course you have! Well, here’s a cool idea. A loyalty [...]
Payday Loans-Thinking Outside The Box – BankSimple
Innovation and cutting edge technology are the keys to success in financial services. Micro-lending products like payday loans must evolve in order to meet the demands of our customers and survive the regulatory challenges ahead. Take a look at BankSimple to juice your creative thinking! As we often point out, the payday loan space employs [...]
