THE BLOG

08
Nov

Great News: CFPB Payday Loan Lending Rule Stayed! Opportunities Abundant

Consumers WIN BIG! CFPB payday loan rule shut down!! And DEALS/OPPORTUNITIES are immense today.

Frankly, there has never been a better time to be “lending money to the masses.”

  • Demand for credit by borrowers is huge.
  • Stats are all over the map – depending on the source – but something like 60% of US households do not have access to $1000 cash in an emergency.
  • The big sub-prime lending season is almost upon us.
  • Jobs and ability to pay us back are through the roof.
  • Consumer optimism is sky high.
  • Washington D.C is not likely to devise too many roadblocks that could stifle all this enthusiasm.

THE BIG NEWS TODAY?

U.S. District Judge Lee Yeakel reversed a previous order and granted, in part, the request by acting CFPB Director Mick Mulvaney and two payday loan industry trade groups to delay the payday loan rule’s August 2019 compliance date. “We sought a delay in order to help consumers in general, and borrowers specifically, enable lenders to continue to solve sub-prime borrowers access to credit throughout the USA and  from having to comply with an old CFPB rule before their revisions were even finalized!

The district court in Texas issued an order staying the August 2019 compliance date of the payday rule pending further order of the court.  The court reasoned that, in light of the CFPB’s representation that it would engage in rule making to reconsider both the rule and its compliance date, lenders and consumers facing financial hardships would suffer irreparable harm if the existing compliance date were not stayed. 

Judge Lee Yeakel left the stay of litigation in place, and ordered that the parties file a joint status report.

Meanwhile, know that opportunities in the “business of lending to the masses” today are unfathomable.

I RECEIVE CALLS EVERY DAY! Capital is a commodity. Lacking experienced lending expertise/talent, money not put to “work” is useless. Mid-20’s ROI to “back seat” investors are available. Texas 3rd party lender 12%+ secured returns are out there. Seasoned Fintech lenders having 5+ years lending experience with proprietary loan management software and  apps are on the hunt – now – for capital to “put on the street.” Instant 24/7 loan funding is now available. Virtual, instant debit/credit cards are here. New LMS companies are on the prowl to deliver state-of-the-art solutions for borrowers and lenders. Stores are for sale…

You have a deal? You need a deal? Email your contact info and a bit of “color” to: TrihouseConsulting@gmail.com

OR, wander on over to our offerings to “learn the ropes:” Learning Center

Vendors go here and get listed: Vendor Resources

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31
Oct

The CFPB- Like Giving Whiskey & Car Keys to Teenagers – More Good News for Lenders

Giving money and power to government is like giving whiskey and car keys to teenage boys. [P.J. O’Rourke.]

It’s a fact that things are looking really good for those of us who make it our “business to lend money to the masses!”

Yeah, it’s competitive out there! Yep, there is a lot of fraud. FTD [first time defaults] are scaling up.

CAC ‘s are on the increase. Elevate revealed a funded loan costs them $225 each. Enova is close. On the other hand, we have portfolios with <$80 CAC’s and <12% FTPD’s.

The economy is blazing along, average folks feel good about their prospects, they have jobs and they’re not hesitant to spend their money on new phones, Netflix, prepared food delivered to their homes while they kick back and watch Game of Thrones…

And we have Judge Kavanaugh & the CFPB  🙂

Judge Kavanaugh DOES NOT LIKE THE CFPB. Isn’t that a pity – I write facetiously.  

This is an excerpt from Housing Wire by Ben Lane [link below]:

“One issue that Kavanaugh is clear on is the Consumer Financial Protection Bureau.

“Kavanaugh believes the CFPB, as it is currently structured, is unconstitutional.”

“In 2016, Kavanaugh authored the Court of Appeals decision that declared the CFPB unconstitutional due to its leadership structure. The case that led to the CFPB being declared unconstitutional, which was brought by PHH, dealt with how much power the agency’s director held.

“The CFPB is the “single most powerful official in the entire U.S. Government, other than the President,” in terms of unilateral power.

“As an independent agency with just a single Director, the CFPB represents a sharp break from historical practice, lacks the critical internal check on arbitrary decision making, and poses a far greater threat to individual liberty than does a multi-member independent agency,” Kavanaugh wrote in his decision. “All of that raises grave constitutional doubts about the CFPB’s single-Director structure.”

“… but with Kavanaugh in tow, could other challenges to the CFPB be coming? They already are.”

Back in June, U.S. District Judge Loretta Preska of the New York Southern District declared the CFPB to be unconstitutionally structured for different reasons.

“Could that case end up working its way all the way up to the Supreme Court? It’s certainly possible, considering that Preska’s decision goes directly against a decision of a higher court.”

“… Justice Kavanaugh will likely vote to kneecap the bureau (or worse).”

“That sound you hear? That’s the death clock on the CFPB moving a little bit closer to midnight.”

Here’s a link to the Original Piece at Housing Wire: LINK

How to Start a Consumer Loan Business: Installment lending, car title loan lending, payday loan lending, personal loan business

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29
Sep

The Business of Lending: How to Loan Money to the Masses

The Business of Lending Money to the Masses!

So you know, we’ve been pounding away at the beach cottage with a small group of seriously talented consumer loan operators and lenders the past 17 days.

The results? New guides & reports updated just this week to guarantee your consumer loan business will succeed. You have questions? Challenges?

Need answers about installment lending, car title loan lending, payday loan lending, line-of-credit loan lending… ?

Here they are:

1)  “Consumer Loan Business/Payday Loan Proforma Excel Spreadsheet Tool.” We provide a solid foundation with realistic consumer lending metrics and via the Excel Spreadsheet/Macros you change them to reflect your “secret sauce.”

2) “A Guide to Consumer Loan Company Valuations.” Valuation approaches and considerations for buyers, sellers and Startups of payday loan, installment loan, check cashing, car title loan… virtually any company funding consumer loans.

3) “How to Get Your Money.” This is one of Miro’s Powerhouse Courses for helping you to collect your consumer loan bad debt. No B.S. here from Miro. Just straight “real world” collection techniques for lenders.

4) “Tribe Sovereign Nation Documentation, Term Sheets and More.” A complete package of ALL the legal docs required by tribes, lawyers, lenders, management groups, marketer/servicer teams… to successfully launch a Tribal Lending Enterprise.

5) “Texas CAB/CSO Analysis and Docs.” A complete description of how the CAB Model works, sample docs, agreements, contracts, 3rd Pary lender introductions… Everything you need to enter the HIGHLY LUCRATIVE Texas CAB/CSO consumer loan industry.

For detailed descriptions of each new “consumer loan business tool” we just created and have them delivered into your Inbox IMMEDIATELY:
http://www.PaydayLoanIndustryBlog.com/buy-now/

Now, stop with the Kavanaugh Hearing and MAKE SOME MONEY $$$$$$.

BEST! Jer and The Team at Trihouse Consulting

Teacher… Lender… Consultant…Resource… Answers…
Jer – Trihouse Consulting
“How to Lend Money to the Masses”
https://www.linkedin.com/in/jerryayles
https://twitter.com/paydayloanguy
702-208-6736

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22
Sep

U.S. Bank Simple Loan vs Payday Loan

The CFPB has compared bank & credit union overdraft [NSF] fees to a short-term styled payday loan products with a 17,000% APR!”

According to Pew a bipartisan – in our opinion – “research association” –  12 million people a year take payday loans. If borrowers can’t make the payment, they often pay more fees to renew the loan. Payday borrowers, Pew found, spend an average of $520 in fees to repeatedly borrow $375.”

Yes, and a taxi costs $4800 from New York City to Los Angeles. BUT WHO WOULD DO THAT?

Here’s a letter from a consumer who wrote Consumer’s Union:

I am a single mother who works two jobs, is working on my masters and doesn’t receive child support. My family network is from Mexico, so we don’t have a lot of money. I am doing all of this on my own. My bank cashes the largest item first and deliberately causes my checking account to overdraft so they can charge me more in overdraft fees. The most recent situation was when my rent check was sent to be cashed a month after it was written. I had several small debit transactions out for less than $5. Had those debit transactions been paid first, I would have avoided all NSF fees as I most likely would have only been over by a few cents if anything. Instead, the bank cashed the check first and automatically imposed a NSF fee causing several other of the smaller debits to overdraw. So, now I am paying over $100 for being less than $20 over. All this does is keep me from being able to pay my other bills and put food on the table for my son. Without these fees, I would be able to save some money so I could avoid this from happening, but I can’t. It makes my stomach hurt knowing that I am simply being punished for being poor, when I desperately need help.

US BANK  Launches New Loan Product

“U.S. Bank’s new loans cost $12 for each $100 borrowed, when payments are automatically debited from a customer’s account. The fee is $15 per $100 if a customer opts out of automatic payments.”

Florida payday loans are currently $10 per $100 borrowed.

How to Start a Consumer Loan Business: Installment lending, car title loan lending, payday loan lending, personal loan business

Click This Image for Some Light Reading 🙂 Over Your Weekend!

California payday loan fees are $15 per $100 borrowed.

I could go on…

U.S. Bank Simple Loans are “between $100 and $1,000, are meant to help customers deal with unexpected expenses, like a car repair or a medical bill.”

Gee whiz! So are payday loans!

“U.S. Bank and several other institutions, including Wells Fargo and Regions Bank, for a time offered  “deposit advance loans,” which were costly and had to be repaid in a lump sum when the customer’s next paycheck was deposited. Banks abandoned the loans after regulators clamped down on them in 2013.”

Well sort of. Actually, banks and credit unions make MUCH MORE money via Non-Sufficient Funds Fees [NSF’s] then they ever could with these “deposit advance loans.” The DAL’s were simply for public consumption; PR. Nothing more.

“Overdraft fees are a real money-maker for banks. According to the Wall Street Journal, overdraft revenue is up 2.5% to $33 billion since 2015. Overall, in 2016, the top 10 biggest banks made $7.5 billion. These fees are costly for consumers. The Consumer Financial Protection Bureau (CFPB) has compared overdraft to a short-term loan with a 17,000% APR!”

U.S. Bank Simple Loan
Simple Loan FAQs

On a $400 loan, the fee would be $48, which equates to an annual interest rate of about 71 percent.

Where can I apply for a Simple Loan?
Log in to Online or Mobile Banking and access the Simple Loan application in your checking account dashboard.

How do I set up direct deposits to my checking account?
Download the U.S. Bank Direct Deposit Authorization Form (PDF).
Provide your U.S. Bank deposit account type (checking or savings), account number and routing number, and other required information.
Submit the completed direct deposit form.

When is the first payment due on my Simple Loan?
Your first payment will be due at least 30 days after the date you complete your loan. The next two monthly payments will be due on the same date each month.

Note: Your first payment due date will not fall on the 29th, 30th or 31st.

How do I make payments?
If you choose automatic payments, the minimum due on your Simple Loan will be automatically deducted from your checking account on the day it is due.

To make manual payments you can visit a branch, call us at 800.872.2657, mail a check to the address on your statement, or log in to Online and Mobile Banking and transfer money from a U.S. Bank account or an account you hold at another financial institution.

Can I pay off my Simple Loan early?
You can pay down your loan faster by paying more than the minimum due, but doing so will not reduce the total amount or fees that you owe. There is no pre-payment penalty for paying the loan off early.

Will I incur any fees if I miss a payment or make a late payment?
There are no missed payment fees, non-sufficient funds fees, or late payment fees on a Simple Loan.

When will the money be deposited into my checking account?
After your loan is approved and booked, you can access funds immediately. Please note: funds deposited to your account after 8 p.m. CT will be available for withdrawal, but will not post to your account until the next business day.

What if I need less than $100?
Simple Loan has a minimum of $100 and maximum of $1,000. For an amount less than $100 a Reserve Line or credit card may be right for you.

When can I apply for another Simple Loan?
You can apply for another Simple Loan after 30 days has passed since you’ve paid off your previous Simple Loan.

Are alternative, small dollar lenders concerned about the banks? NOPE!

Payday loan, car title loan, installment loan, line-of-credit lenders… JUST WANT A LEVEL PLAYING FIELD.

Banks must enable any legal business to have a bank account.

Banks & Credit Unions must disclose fees CLEARLY.

Credit Unions should pay taxes.

Then, bring on the competition. Allow consumers to choose the loan product that meets their needs.

Banks & Credit Unions are big, fat and slow. Are you a lender? Don’t worry about competition from these behemoths! Have you been into one lately?

You want into the “business of lending money to the masses?” Get started here: Click to Launch a Consumer Loan Business!

How to Start a Consumer Loan Business: Installment Loans, Car Title Loans, Payday Loans, Consumer Loans

How to Start a Consumer Loan Business

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17
Sep

Inspiration, Always Be Learning, Payday Loans in Namibia & Title Loans in Mongolia

“The Cash Converters business model [750+ locations in 18 countries] offers a three-for-one income stream for franchisees – dealing in second-hand goods, pawnbroking and micro loans,” said Mukheibir.”

I spoke with a member of Cash Converter’s Team a few months ago. And recently, I received a call from “the largest car title loan operator in Mongolia.”

This is crazy! The majority of us are so focused on US consumers that we fail to pay attention to what’s going on “in the business of lending to the masses” in other countries.

Mongolia? Namibia? Kenya? Tanzania? Afghanistan? South Africa? India? Albania? Romania? Kazakhstan…? Serious, new consumer financial platforms are revolutionizing the business of lending money and money transfer throughout the world!

Look up M-Pesa for example. This service gives MILLIONS of consumers access to “bank like” services. It reduces crime in cash oriented societies and enables instant money transfer. M-Pesa even makes micro-loans to startups. [Could consumers in Detroit and several other cities use this?]

Below, is a real story about a real entrepreneur who launched a pawn/loan/second hand goods store in Namibia recently! It doesn’t matter if you don’t have a clue where Namibia is. [Hint: It borders South Africa.] I didn’t know either until a Namibian Team attended one of our “Boot Camps” in Austin in order to run a loan business. And today, they have expanded operations to the USA. Lookout, they’re buying stores here…

What’s the point? Expand your mind! Don’t focus on WHY you can’t get your consumer loan business launched! Rather, RECOGNIZE you are living in the BEST OF TIMES to be alive. You have the opportunity to do whatever you like from ANY LOCATION on this great planet!

To overcome your inertia, to BEGIN WHATEVER JOURNEY that moves you, STOP watching the daily B.S. “news.” Who cares about the latest traffic jam, car chase, protest by folks having agendas, some stupid “new” study that says daily aspirin causes cancer – until tomorrows “new” study says it doesn’t.

READ/LISTEN TO A BOOK! LISTEN TO A PODCAST!!  Always be learning… Always be improving… Always be helping… BUT 1st: TAKE CARE OF YOUR HEALTH!!!

[PS: If you don’t care about the “business of lending money to the masses,” PICK SOMETHING ELSE!]

Take the new ideas that resonate with YOU & BEGIN! DO SOMETHING! START…

NOW, here’s a REAL STORY OF SUCCESS.

Windhoek-born actor, Dalton Ashikoto who plays businessman Archie Gumbi in TV hit Generations: The Legacy opened the doors to his Cash Converters franchise at the Grove Mall in Windhoek, Namibia recently.

Ashikoto, who also previously appeared as tax commissioner Stanley Gwala in the South African drama series Rhythm City said he enjoys multitasking, hence the opening of the franchise.

“My career has been dominated by the two loves of my life, performing and business,” said Ashikoto.

The acting bug first bit Ashikoto while he was studying for a degree in computer science in Nairobi, Kenya, in the mid-1990s. One of his earliest parts was the lead, Romeo, in Romeo and Juliet, a pivotal experience that ensured the growth of his new passion and eventually led him to train in Los Angeles, USA.

Even so, Ashikoto did not throw caution to the winds and became the poster boy for blended careers, bridging any gaps in acting parts with support from his business interests.

“I started with an IT business,” he added. “The holding company I established 15 years ago has now expanded to cover a range of sectors, including property development, agriculture, transportation and health and fitness. This is my first franchise and I’m already finding that it offers a great learning curve. I am enjoying the challenge and really appreciate all the support I get through this franchise model. I also believe it offers our customers real value for money, which will definitely help drive business growth.”

Ashikoto has planned carefully for success, choosing a site with great visibility and parking at Namibia’s biggest mall. He has also taken on four new employees to assist his Cash Converters store reach his goal of becoming “the best-performing Cash Converters store in the whole of Africa,” he said.

“We are delighted to welcome to the Cash Converters family Dalton Ashikoto and his experience and talent,” said Richard Mukheibir, Cash Converters Managing Director.

“All of us in the company know how each and every one of your skills and resources are tested and polished in setting up a new store. I went through it myself opening the first-ever Cash Converters store in Parow more than two decades ago,” he added.

Mukheibir believes franchising enables would-be business owners to grow their business skills and investment within a supportive and professional environment and guides them in avoiding common start-up pitfalls.

“The Cash Converters business model offers a three-for-one income stream for franchisees – dealing in second-hand goods, pawnbroking and micro loans,” said Mukheibir.

“We are confident that this, combined with our practical understanding and systems support and training, will help Dalton reach his goals of high performance, diversified business interests and a strong customer base,” he said.

So, ARE YOU READY? You want to finally get started in “the business of lending money to the masses?”  Here’s exactly what you need to do:

  1. Get a copy of our Course 1: “How To Lend Money to the Masses.”
  2. Read through it once; quickly. Follow all our startup directions.
  3. Get a loan from a real lender in the state/country YOU plan to launch in.
  4. Get copies of EVERYTHING!
  5. Reread our Course 1.
  6. Call me: Jer at 702-208-6736. Let’s explore…
How to Start a Consumer Loan Business: Installment Loans, Car Title Loans, Payday Loans, Consumer Loans

How to Start a Consumer Loan Business

This story originally appeared here: Economist Namibia.

Trihouse Consulting Services

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How to Start a Consumer Loan Business: Installment lending, car title loan lending, payday loan lending, personal loan business

How to Start a Consumer Loan Business

Course 1: How To Start a Consumer Loan Business

Our 500+ Page Manual
Topics covered:
How to launch a consumer lending business
Payday Loans
Small Dollar Loans
Installment Loans
Car Title Loans
Personal Loans
Signature Loans
Non-Secured Personal Loans
Store Front Lending
Internet lending
Licensing? State/Province
What loan management software to use?
Capital required?
Profitability?
Collections?
Borrower Underwriting?
Store & Internet Lending tactics & strategies
Sample contracts, License apps...
Tribe model
Texas & Ohio CSO/CAB model
$367.95 PDF Immediate Download
100% Refund Policy
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Click Here: $367.95 Immediate PDF Download





Click this link Course #1 for a complete Table of Contents.


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Powerhouse PDL Biz Operator's Manual
Course 2: For Experienced Payday Loan Operator's Only
The REAL DEAL for Existing PDL Lenders
For EXPERIENCED PDL Owners ONLY!
Strategies to improve your storefront PDL business.
Tactics to ramp up your portfolio.
Ideas to reduce defaults
Marketing
Underwriting
Collections
Blunders we made so you can avoid them 🙂
Online lender's tricks to benefit your operation

This information is the real deal with nothing held back. Marketing, underwriting, collections, employee relations, THEFT prevention, bad debt… It’s all in my Course. I’m blunt! I’m straight! I share all my blunders and my successes! And sometimes it’s not pretty!

My Powerhouse Course offer killer strategies for payday owners to grow their business through MEASURED marketing. You will learn how the “tricks” the Online lenders use can benefit you.

You’ll discover how to attract more of your ideal customers and clients, get them to come back more often, have them spending more on each visit and send you more referrals than you ever thought possible. AND, I’m going to teach you…

*100% Money Back Guarantee










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Powerhouse Car Title Loan Course
car title loan business
Powerhouse Car Title Loan Business - Advanced

Course 4: Start a Car Title Loan Business for EXPERIENCED title loan lenders.
Even if you’re NOT in car title lending today, this is great information.

We’re super excited about this Car Title Lending Course because this type of lending is the biggest and most important thing going on in the sub-prime market.

If you want to start in Auto Title, Car Title, Title Pawn... whatever you want to call it, or if you simply want to do it better, INVEST in our Powerhouse Car Title Loan Course #4.

The full course is over 400 pages and it’s $395.00 as a PDF [immediate download in Adobe Acrobat] or $495.00 printed and shipped to your door.

Click this Link for Table of Contents

Four things about our Car Title Loan Course #4:

First:
You’re going to get all the information you need to start and profit loaning money on car titles.  Yes, you can download the entire 400+ pages NOW! And this is real content! This is not 400 pages of sales pitch. We’re not going to pull a “time-share bait and switch” with you. This is real information to use to put money in your pocket immediately.

Second
Value. There’s GOLD in this Car Title Loan Course. The chapter on employee management, supervision and training can make you hundreds of thousands of dollars. The chapter on testimonials will transform your company image, reputation and marketing. Is the course worth $395.00? Nope. It’s worth a hundred times that.

Third:
Guarantee! If you invest in this course... If you review the information... If you think it’s all stupid and you don’t get any value from it... Then we will refund your investment. No questions asked!

Fourth:
Check out my videos. Especially the longer one about unconventional marketing. This 15 minute video demonstrates how you can step outside the “normal” ways of getting great quality customers.

WE build teams of happy collaborators. People who invest in our courses participate in Master Mind groups. We have conference calls. Boot camps. We help operators connect with capital. We’re here to share ideas, and strategies with positive, forward thinking people.

Name of Course: Powerhouse Car Title Loan Course #4.
Target Audience: New and existing storefront and online car title loan providers.
Course Objective: To share proven strategies in dealing with obstacles and opportunities in the car title loan market.
Course Relevance: Secured lending via collateralized car titles is a solid strategy make money lending to the masses or to diversify a payday loan portfolio.







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How to Operate a Texas CAB?CSO Loan Biz

$197.00 How to Operate a Texas CAB?CSO Loan Biz

CSO Credit Services Organization Report (Texas)

An analysis of the Credit Services Organization Model as it applies to Texas. An alternative to the Payday Loan Model.

What is a Texas CSO Credit Services Organization?
In essence, a CSO or Credit Services Organization is defined by the Texas Credit Services Organization Act (Section 393 of the Texas Finance Code) as an entity or person that provides one of the following services:

* Improving a consumer's credit history or rating.
* Obtaining an extension of consumer credit for the consumer.
* Providing advice or assistance to a consumer regarding the previous two services.

How does the CSO Credit Services Organization work with payday loans?
The CSO Credit Services Organization operates as a broker, The Texas Credit Services Organization Act (CSOA) allows the payday loan lender to register as a CSO and act as a loan broker. Thus, the CSO can make loans via "3rd Party Lenders" that are UNREGISTERED and UNLICENSED. The CSO Credit Services Organization acts as a broker for the consumer in need of funds by issuing a "letter-of-credit" on behalf of the consumer to a "3rd Party Lender." This 3rd Party Lender funds the "loan" brokered by the CSO.

How does the Texas CSO Credit Services Organization collect its 3 fees:
A referral fee for referring the consumer to the lender that actually funds the "loan." This is not stipulated by any law but is currently $20 to $30 per $100.
An application fee for filling out the CSO documents; typically $10 per $100.
The interest on the "loan;" Texas state law caps this at 10%/year.

Our 100+ page "Texas/Ohio Credit Services Organization [CSO] Report" includes a thorough description of how this model works, how to construct the loan entity & the CSO, sample agreements between the CSO and the 3rd Party Lender, sample consumer contracts & more.





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Attend a payday loan bootcamp training Payday Loan, Title Loan, Boot Camp, Installment... Boot Camp -LIVE

Boot camps are run in our Texas “live” Loan Center
We offer small dollar loan loan training
You and one employee/partner may attend
Our Payday Loan Manual, our Car Title Loan Manual and our Gold Manual are included
These are “one-on-one” intensive workshops customized for your situation and challenges
We cover both the store model and the Internet Model
The fee is $3550 total per company (Including our Manuals) If you already invested in one or more of our Manuals, you may deduct $500.00.
We schedule our Boot Camps in our Texas location to accommodate your Team

Seminar/Boot Camp
2-Days in a "live" Loan Center in Austin, Texas. Includes our Payday Loan, Car Title Loan and Scrap Gold Manuals in Adobe Acrobat emailed.




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Schedule a Call with our Founders.

You want to learn how to make money by lending money? You’re fed up spending hours and days with “google search” in an attempt to figure out if small dollar lending, payday loans, car title lending and installment loans are profitable?

Talk to an expert!

1] Request a Call; as little as $75.00 for a 15 minute call. Extend the call if you like.
2] Via Clarity.fm, you will be pre-charged for the estimated length of the call, based on our rate of $300/hr.
3] Connect directly with our Founders on the day and at time you select.
4] Ask ANY question regarding the small dollar loan industry
4] At the appointed day/time, call the conference line we provide. After our call, the charge will be adjusted to reflect the actual length of our call.

Jer, Miro and the Team at Trihouse Consulting have taught thousands of entrepreneurs the correct way to identify, evaluate, negotiate, perform due diligence on, finance, turn-around and operate payday loan, car title loan, and installment loan businesses; the business of making money by lending money. Some people think we’re nuts for doing this, but the truth is that we’re far from crazy. DOING & Teaching opens doors for us that pales in comparison to any other channel.
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Consumer Loan Business-Payday-Loan-Pro-Forma-Excel-Spreadsheet

Consumer Loan Business/Payday Loan ProForma Excel Spreadsheet

Consumer Lending > Biz Plan Excel Spreadsheet Pro Forma

Internet/Storefront Lender Excel Pro Forma
Every startup entering the consumer lending/payday loan industry needs our new "PDL Excel Spreadsheet Pro Forma." We had our analytics gurus build this tool. With it, you have the ability to "play" with multiple inputs including lead costs, default rates, loan conversion rates, number of loans funded daily/monthly, average loan principal amount, fee charge per loan principal, rollovers, employee costs, overhead expenses...

We provide a solid foundation with which you can start. Then, you change the variables based on your "secret sauce." We guarantee our "Consumer/Payday Loan Pro Forma Excel Spreadsheet" will blow you away with its power to enable your Team to "see into the future."

There is nothing like this tool on the market today. We've invested our 20+ years of payday loan knowledge and experience as a Lender in this tool. You simply cannot get access to anything like this tool unless you bring serious consumer/payday loan experience and Excel experts to your "game." For both storefront and Internet consumer facing lenders.






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HOW TO VALUE A CONSUMER LOAN/PAYDAY LOAN BUSINESS

HOW TO VALUE A CONSUMER LOAN/PAYDAY LOAN BUSINESS

A Guide to Consumer Loan Company Valuations
Valuation Approaches and Considerations for Buyers, Sellers and Startups of Check Cashing, Payday, Title, & Consumer Loan Companies. Thoroughly covers payday lending, car title lending installment loans... consumer loan business valuations. Delivered immediately to your Inbox.





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How to Collect Your MoneyHow to Get Your Money

What can be worse than not getting paid? Getting sued, or FINED by Government agencies.
There are regulations at the Federal and State level that are created to protect the public from unsavory collections practices. As you work to collect your money, keep in mind that the courts have a mandate to take the side of your non-paying client. Even if this person has cursed you up and down, written you bad checks and lied to you every day for 10 years?

None of that matters. The courts and the law are created to protect the public. Not you or your business. If you go into a collections procedure with an attitude, and crappy documentation, you’re going to get run over by the system and it’s not going to cost your deadbeat customer a cent.




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How to Launch a Tribal Lending Enterprise

How to Launch a Tribal Lending Enterprise

Tribe Sovereign Nation Documentation, Term Sheets & More


A complete package of all the legal documentation required by tribes, lawyers, investors, marketer/servicer groups... to successfully launch a TLE.

Note: All Word Templates are editable for your private use.

  1. Template-Standard Tribe Resolution Creating a Tribally Owned Business

    1. A RESOLUTION OF THE GENERAL COUNCIL OF THE (name of tribe) CREATING AND ESTABLISHING THE TRIBALLY-OWNED BUSINESS (NAME) PURSUANT TO (vesting power in General Council resolution) [Word Doc.]



  2. 3 year Pay Day Lender Loan Volume Projections

    1. (PDF Doc.)



  3. “THE RISKS AND BENEFITS OF TRIBAL PAYDAY LENDING TO TRIBAL SOVEREIGN IMMUNITY”


INTRODUCTION: [25 page PDF by Bree R. Black Horse J.D. candidate at Seattle University School of Law, and an enrolled member of the Seminole Nation of Oklahoma in cooperation with The American Indian Law Journal. Public Domain]

  1. Two Key Tribal Court Cases:

    1. While there have been many, many cases upholding tribal sovereign immunity over the years, two in particular are specific to tribally owned payday loan businesses. [4 page PDF]



  2. 3 Year Proforma.

    1. A 3 year tribe pro forma portfolio [Excel format]



  3. Boilerplate Marketing & Servicing Agreement

    1. Template for TLA & Marketer/Servicer arrangement with Revenue Share Exhibit A. [12 page Word Doc.]



  4. Consulting Agreement

    1. Template Consulting Agreement with Tribe Lending Enterprise [Word Doc]



  5. Resolution

    1. RESOLUTION OF THE GENERAL COUNCIL OF THE (name of tribe) VESTING ECONOMIC & COMERCIAL DEVELOPMENT IN THE GENERAL COUNCIL  [Word Doc]



  6. Car Title Boilerplate Agreement

    1. Example Marketing/Servicing Agreement with TLE [11 page PDF]



  7. Car Title Consulting Agreement

    1. Typical Consultant/TLE agreement specific to car title loan lending [6 page PDF]



  8. Typical Lenders Introduction and Compensation Agreement

    1. Example Tribe/Consultant introduction & revenue share term sheet [5 page PDF]



  9. Example Monthly Payments-Revenue Share Agreement

  10. Typical consultant – TLE revenue share statement [1 page PDF]

  11. Example of Typical Non-Recourse Promissory Note & Security Agreement

    1. Ordinary Borrower/Lender capital security agreement [4 page PDF]



  12. Lawyers' View: Minimizing Regulatory Enforcement Actions Against TLE and Service Providers

    1. Important Factors in a Tribal Lending Relationship [3 page Word Doc]



  13. Frequently Asked Questions Regarding the Mechanics of TLE-TOB/Marketer-Servicer Collaborations

    1. Allen Parker responses to FAQ’s submitted by potential consultants, tribes, and providers of capital. [2 page Word Doc]



  14. Typical TOB Lenders’ License

    1. [19 page Word Doc] A financial services license authorizing the TOB to do business “THIS IS TO CERTIFY that, consistent with Section 4 of the Mahalo District of the North Dakota Tribe Tribal Financial Services Regulatory Act, the enterprise under the jurisdiction of the Mahalo District of the North Dakota Tribe has been licensed by the Mahalo District of the North Dakota Tribe’s Tribal Financial Services Regulatory Commission to provide financial services in furtherance of the Tribe's economic self-sufficiency and political self-determination. It is…”



  15. Example Consultant- Lender Representation Agreement Boilerplate

    1. As titled, an example Consultant retainer/representation agreement [2 page Word Doc]



  16. Example Consultant- Lender Representation Agreement Boilerplate

    1. As titled, a template for consultant –services/marketer agreement [1 page PDF]



  17. Example Declaration of Servicer-Marketer Skill Set Submitted to Tribe

    1. As titled, a sample declaration to tribe regarding servicer/marketer skill set [1 page PDF]



  18. Template for Statement of Consultant-Servicer-Marketer Power Point Presentation to Interested Parties

    1. Editable Power Point presentation [12 page PP]



  19. Typical Tribe/Servicer/Marketer Credit Reporting Business Rules

    1. As titled, a phenomenal Excel list of go/no-go CRA implemented business rules [Excel 10 pages]



  20. Template for “Finders’ Fee”

    1. As titled, editable Finders’ Fee for use by Consultants [2 page Word Doc]



  21. Template for “Finders’ Fee”

    1. As titled. A second version of a Finders’ Fee



  22. Example Business Development Agreement

    1. As titled, editable template for business development agreement between TLE & Consultant [5 page Word Doc]



  23. Term Sheet

    1. As titled. [4 page Word Doc]



  24. TLE-Lender-Services/marketer Bank & Loan Flow Chart

    1. As titled, an visual of “how the money flows.” [1 page PDF]



  25. “Tips for Tribe Economic Directors”

    1. As titled, a public domain analysis for tribal economic development principles. [9 page PDF]



  26. Limited Solicitation RFP

    1. A typical Request for proposal submitted by TLE’s [2 page Word Doc]



  27. PDL Sovereign Nation Manual by Allen Parker

    1. An analysis of the TLE Model [8 page PDF]



  28. Your investment: $7500.00





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