Stop-You Can’t Beat Up Payday Loan Customers
Over – Days of Beating Up Payday Loan Customers! One ringy dingy. Two ringy dingys. Three… “Trihouse Payday Loan Consulting. This is Jer.” The caller blurts out, “I owe a payday loan company $500. I want to pay them but I can’t all at once. I’ve tried to reason with them but they just won’t [...]
INNOVATIVE PAYDAY LOAN PRODUCTS
INNOVATION in OFFERING PDL PRODUCTS & SERVICES It’s time to rethink our approach to serving the payday loan consumer. In addition to building a payday loan operation from scratch, I’ve been consulting in this space since 1998. I attended my first FISCA convention in 1999. I’ve attended virtually every FISCA and CFSA convention since then [...]
Credit Unions Remake Themselves as Payday Loan Companies
A very interesting post appeared in the “The Cutting Edge” regarding credit unions and the payday loan industry. We’ve written before about credit union companies – “Payday Loans and the Hypocrisy of Their Competitors” . Under the guise of helping their credit union members, credit unions have been tip toeing around payday loan type products [...]
Texas Payday Loan Bills-Legislation HB 2592
Senate approves payday lending regulations We have a “ton” of readers in the Texas payday loan industry and they’ve all been concerned about the new House and Senate Bills that were introduced. The impact on the payday loan industry? Zip! No biggie! We already do these things! Of course, our costs will go up. So, [...]
Payday Loan Western States Conference and Trade Show
Several of us will be at the payday loan conference in Rancho Mirage, Calif. May 15-17, 2011. Text Jer at 702-208-6736 to meetup while you’re there. Email: Jer http://cfsponline.com/2011-conference/2011-western-states-conference-agenda.html
MicroBilt Corp. & CL Verify, LLC File For Chapter 11 Protection in New Jersey
Payday Loan Sub-Prime Consumer Reporting Company News: MicroBilt Corporation and CL Verify, LLC, filed chapter 11 petitions in a bankruptcy court in New Jersey (MicroBilt on March 18, 2011 and CL Verify six days later). The companies, headquartered in Princeton, New Jersey, describe themselves as “leader[s] in risk management information for small and medium-sized businesses [...]
Upcoming Payday Loan Conventions and Conferences
Sorry this is coming a bit tardy. We’re swamped here. The payday loan industry is cranking! Payday Loan Upcoming Conventions and Conferences Online Lenders Alliance May 11-13, 2011 Liason Capitol Hill Hotel Washington, DC Lisa Meller (9490 429-0020 http://www.onlinelendersalliance.org/ California Financial Service Providers May 15-17, 2011 Western States Conference and Trade Show Rancho Las Palmas [...]
Why Text Messaging SMS is Better Than Email
One reason why mobile marketing is so effective is because it provides brands with a way to reach their target audience throughout the day instead of just when they’re at a computer, watching television or reading a magazine. Another reason is that mobile marketing leverages other media, such as by including a short code on a billboard so those passing by can get information on the spot.
Payday Loan Scammers Give Us Another Bad Rap
According to the FTC’s complaint, Michael Bruce Moneymaker, Daniel De La Cruz, and their companies obtained consumers’ personal information from websites that claimed to match consumers with payday lenders, and then enrolled consumers, without their knowledge, in one or more of several worthless “continuity” programs. These programs included an up-front cost of up to $49.99 each, plus additional weekly or monthly recurring fees of up to $19.98. Continuity programs charge recurring fees until a consumer takes affirmative action to cancel.
Payday Loan Violations and Compliance
Now payday loan compliance and enforcement might not appear to be a particularly exciting subject for you, but for those of us who have been greeted at the door to our business in the early AM by a state regulator, it can be the beginning of a NIGHTMARE! And don’t you Internet guys think you’re immune from this because you’re not.
