CLICK ON THE GRAPHIC to ENLARGE IMAGE. How to Start a Car Title Loan Business: Learn how…
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I wonder if double-digit APRs, a longer term, and fully amortized loans would still be profitable for title loan lenders and remove the predatory nature described in the infographic. It would be just like an auto loan at that point.
They certainly could be. These are collateralized loans having 3 digit APR’s. Keep your costs under control, don’t over leverage the collateral, stay on top of customer communications, VERIFY their job prospects… The business of lending money has been extremely profitable since time began. Ready to get started in the business? CLICK HERE!
Sure, Robert! The amortized loan model is already working in a number of competitive markets. The key is to employ the tactics in our “Bible” in order to minimize CAC, reduce “Churn,” and increase “REACT’s.”
Nice information!!!!!!
So the CRL infographic demonstrates how profitable car title lending is :o)
Yes.