THE BLOG

20
Mar

Strategies for Launching a Consumer Loan Business

Posted by / Trends & Tactics

Introduction:

How to Launch a payday loan, installment loan, or car title loan business.

Starting a consumer loan business is a profitable venture, but it requires a lot of planning and strategizing. Launching a successful consumer loan business requires that you understand the market, have a business plan and have a solid marketing strategy.

In this blog post, we will discuss some strategies for launching a consumer loan business that can help you achieve success both online and via a storefront.

Understanding the Consumer Loan Market

The first step to launching a successful subprime consumer loan business is understanding the market.

Subprime consumer loans are a highly competitive industry, and to succeed, you need to conduct thorough market research.

Start by analyzing your competitors and understanding their target market, their lending requirements, and the loan products they offer.

Creating a Business Plan

A business plan is a blueprint for the success of your consumer loan business.

It should include your company’s mission, vision, business goals, market analysis, financial projections, and marketing strategy.

A well-written business plan can help you secure financing and investors for your business.

Obtaining Licenses and Permits

Consumer loan businesses require certain licenses and permits to operate legally.

Before launching your business, you need to research the licenses and permits required in your state or province.

These requirements vary depending on your location, so it’s essential to research the regulations that apply to your business.

Setting up Operations & Infrastructure

Setting up operations and infrastructure is crucial for launching a successful consumer loan business.

You need to invest in technology, such as loan management software, to manage loan applications, underwriting, and loan servicing.

Additionally, you need to hire staff with expertise in underwriting, credit analysis, and customer service.

Developing a Marketing Strategy

To attract subprime customers and build your brand, you need to develop a marketing strategy.

Your marketing strategy should include a website, social media presence, and advertising campaigns.

You should also consider partnering with other businesses in your community and attending networking events to build relationships with potential customers and referral sources.

Conclusion:

Starting a consumer loan business requires careful planning and execution.

By understanding the market, creating a business plan, obtaining licenses and permits, setting up operations and infrastructure, and developing a marketing strategy, you can increase your chances of success.

Launching a consumer loan business can be challenging, but with the right strategies in place, you can build a profitable and successful business.

How to Start or Improve a Consumer Loan Business: Storefront or Internet anywhere!
Grab your copy: $150

Immediate delivery to your Inbox!

With our Course, you’ll gain the confidence and expertise to build a successful consumer loan business and achieve your financial goals.

Get our Course today and start your journey to success in the payday loan industry!

Are you interested in starting a profitable consumer loan business that offers payday loans, installment loans, car title loans…

Or taking your existing business to the next level?

Our comprehensive Course is designed to give you the knowledge and skills you need to succeed in this lucrative industry.

From developing a business plan and securing funding to implementing effective marketing strategies and managing risk and compliance, our expert instructors will guide you through every step of the process.

100% Money Back Guarantee: How to Start a Consumer Loan Business
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19
Jan

How to Make Serious Money lending to the Masses

Posted by / Uncategorized
How to start a payday loan business, consumer loans, installment loans car title loans

To be successful as a lender –or in any other entrepreneurial endeavor –you only have to be good at a few things:

  • Picking the right business niche
  • Raising money
  • Hiring good people
  • Ability to iterate through your challenges
  • Be Bold.

Go where others fear to tread.

Let’s get real!

Lending money to the masses can be very profitable! You can get CRUSHED as well.

The average U.S. worker is paid $23/hour. In real terms, $23/hour has the same purchasing power as $6/hour 40 years ago. The result? Staggering household debt! We are rapidly becoming a nation of “haves” and “have-nots.”

Many of you are reading this as you sit in Australia, Europe, the Islands, the USA, and China…

It’s the same theme everywhere.

In the USA, for example, 50% of U.S. residents are living paycheck to paycheck! [CareerBuilder.com]

One in three people are subprime borrowers.[<620 Credit Score.]

Two in five U.S. adults do not have access to $400 cash immediately.

Not in a bank account, a credit card, or under the mattress. They’ve already borrowed from friends, family, their church… folks who are in the same boat!

Nowhere to turn but to YOU!

What’s this mean to you?

OPPORTUNITY!

My Team will teach you how to loan money to the masses without getting your butt handed back to you.

How you ask?

  • Free “Discovery Calls.”
  • Our famous Course, “How to Start/Improve a Consumer Loan Business.”
  • Consulting. By the hour, a retainer, equity… Let’s talk.

Yes, for many of you, reading our Course will be PAINFUL! It’s the price for entry and success. I hear this “pain” daily. Everything we’ve learned building our own consumer-facing loan business is in the Course! 

The loan products discussed  are:

  • installment loans
  • payday loans
  • signature loans
  • car title loans
  • personal cash advances
  • Business-to-business loans…

All of them can be very profitable!

Why We Teach [Go Here]

Profits [More]

Real-world example? We’re charging $15 to $30+ for every subprime 14-day loan we make in California and Texas. [Depends on the state licensing model or the Native American Tribe we collaborate with.]

That’s a 400%+ annual percentage rate (APR) for a borrower to use our money for two weeks. 

Imagine having a loan portfolio of $500K, $1MM, $5MM, $10MM+? 

It’s doable. Check out Enova. They reported that they loaned over $1 Billion dollars during their last 3 months earnings report! And they don’t even have 3% market share!!

Online lending? It’s here! Borrowers whip out their phone, fill out an application and are funded in <30 minutes! 

Inventory

A lender’s inventory is MONEY! It’s not tulips dying. It’s not rotting bananas. MONEY, MOOLAH, COIN, DINERO, SCRATCH, DOLLARS, EUROS…NICE!!DONE!

So, we’ve established that lending money to the masses can be very profitable!

Raising Money
This is a mindset. It’s about the presentation. Practice getting good at distilling your idea into a bite-sized amount.

Get your business launched. I’m not talking about immediately achieving scale. Just get your loan business open operating and fund a few loans. Storefront, Internet, monoline, combo… just fund a few loans!

Next?

Friends, family, peers, and members of your network… will find out what you’re doing. They will want to learn more. Don’t be shocked when they say, “I have $20K, $50K… sitting in the bank earning 1% per year before taxes and inflation. “Could you put my money to work in your new business?”

Of course, you can!

Offer them 6%, 8%, 10%+ per year. You can afford it when you’re grossing 500%+ APRs on your loan portfolio!

NOTE:
How am I calculating these APRs? Email me for my PDF calculations. TrihouseConsulting@gmail.com].

Hiring Good People
If you’re good at raising capital, you can hire people to do everything else.
You can hire a CEO.
You can hire a lawyer.
You can hire an experienced customer service representative.
You can buy “off-the-shelf” loan management software.
You can subscribe to a sub-prime consumer credit reporting service[CRA].
You can hire great people to do any part of this business.

YOU GET MY POINT!

To hire right, you need a giant funnel. You have to sift through a ton of leads. You need a system and an onboarding process. You’ve got to learn how to do this! [This intel is in our Course.Click Me]

The quality of your life is about the people around you.

Everything terrible that happened to you in the last ten years did not occur in a bubble.
Someone either DID or DID NOT do something to you.
That’s life.
Most problems in life are people problems.
We let the wrong –or right –people into our lives.
In business, there are some whack jobs! Don’t let them in!

Now go out, BE BAD and earn some SERIOUS MONEY!
Jer –TrihouseConsulting@gmail.com

How to Start or Improve a Consumer Loan Business: Storefront or Internet anywhere!

500+ page Course: “How to Loan Money to the Masses Profitably.” Immediate PDF delivered to your Inbox.

Click to Grab a copy NOW!
100% Money Back Guarantee: How to Start a Consumer Loan Business
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12
Jan

Texas CAB-CSO Consumer Loan Business

Posted by / Uncategorized

The Texas Credit Access Business (CAB) CSO Loan Model is a type of loan that is offered in the state of Texas by CABs, which are companies that provide loans to consumers who may have difficulty obtaining traditional loans from banks or other lending institutions.

 

Under this model, the CAB acts as a Credit Services Organization (CSO), which means that it provides services to help consumers obtain loans from third-party lenders.

 

In the CAB CSO loan model, the CAB typically charges the borrower a fee, which can be a percentage of the loan amount or a flat fee, for its services.

 

The CAB then uses this fee to pay the third-party lender, who provides the loan to the borrower. The CAB may also charge additional fees for other services such as credit counseling or loan processing.

 

The CAB does not actually lend money to the borrower, but instead acts as a facilitator between the borrower and the third-party lender.

 

The third-party lender is responsible for underwriting and servicing the loan, and is also responsible for collecting payments from the borrower.

 

It’s important to note that the CAB CSO loan model is heavily regulated by the state of Texas, and CABs are required to be licensed and registered with the state.

 

Additionally, CABs are subject to strict rules and regulations regarding loan terms, fees, and interest rates and must disclose all fees and charges to borrowers in writing before the loan is made.

Click here to grab a copy! Only $50.00
100% Money Back Guarantee: How to Start a Consumer Loan Business

We've written an eBook all about starting a Texas CAB-CSO consumer loan business! if you want to loan money to the Masses online or via a storefront, you need to invest in a copy!

Click here to grab a copy! Only $50.00
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09
Jan

10 options for consumers with poor credit to get fast cash in a financial emergency

Posted by / Uncategorized

Why do millions of consumers living paycheck-to-paycheck choose payday loans to solve their immediate need for cash? 

  1. They have no other options: If a borrower has no other access to credit and is facing a financial emergency that requires immediate attention, they may feel that they have no other choice but to take out a payday loan.

  2. They are unable to negotiate payment plans with creditors: Some borrowers may be unable to negotiate payment plans with their creditors and may feel that a payday loan is their only option for addressing their financial needs.

  3. They are not aware of the risks: Some borrowers may not be fully aware of the risks associated with payday loans, such as the high interest rates and fees that can make it difficult to repay the loan. They may feel that a payday loan is a quick and easy solution to their financial problems.

It is important to carefully consider all of the options available before deciding to take out a payday loan. In some situations, there maybe other alternatives available.

10 options for consumers with poor credit to consider when they need access to fast cash in a financial emergency

  • Borrow from friends or family: If you have a good relationship with friends or family members, they may be willing to lend you money to help you through a financial emergency.

 

  • Negotiate payment plans with creditors: If you cannot pay your bills on time, you may be able to negotiate a payment plan with your creditors to help you get through a difficult financial period.

 

  • Seek assistance from non-profit organizations: Many non-profit organizations, such as churches and community groups, offer financial assistance to those in need.

 

  • Use a credit card: If you have a credit card with a low credit limit, you can borrow a small amount of money in a financial emergency.

 

  • Take out a personal loan: Some lenders may be willing to provide loans to consumers with poor credit. However, the terms may not be as favorable as those offered to those with good credit.

 

  • Use a home equity loan: If you have equity in your home, you can take out a home equity loan to get the cash you need.

 

  • Get a payday alternative loan (PAL): Some credit unions offer small, short-term loans called payday alternative loans (PALs) that are less expensive than traditional payday loans.

 

  • Pawn or sell items: If you have valuable items that you no longer need or use, you may be able to pawn them or sell them to get the cash you need.

 

  • Get a title loan: If you own a vehicle, you can get a title loan, which allows you to borrow money using your vehicle as collateral.

 

  • Get a cash advance from your employer: If your employer offers a cash advance program, you may be able to borrow a small amount of money until your next payday.

 

  • Get a small-dollar payday loan or installment loan: In many situations, a short-term payday loan or installment loan is the only choice. Just know that you must find a way to pay off these loans FAST!

18 Ways to Kiss Your Payday Loan Lender Goodbye: A simple guide for getting out of your payday loans

Are you in “payday loan hell?” Are you being bombarded daily by phone calls from payday loan collectors? 12 million U.S. consumers got a payday loan last year. 70%+ were illegal. It’s likely you don’t have to pay them back their money.

Quality information shouldn’t be expensive. Debt relief companies love to charge exorbitant prices; knowing this prevents many average folks from getting out from under debt that’s ruining their lives. What you need (and what I provide) is a variety of detailed strategies — Each designed to help you solve your payday loan debt problem.

Are you a payday loan lender? Are your 1st time defaults off the charts? Allow me to teach you how to fund your payday loans legally so you can survive the challenges of online and brick-n-mortar lending.

Are you a payday loan collector? Are you trying to simply keep your job or make your monthly bonus? Let me show you how I’ve remained in the top 2% of collectors in the payday loan space.

I’m Royal paine and I’ve been in the small dollar loan collections industry for 10+ years. I’ve worked for 3 of the largest payday loan companies in the world. I know every trick, scam and tactic borrowers, lenders and collectors employ to separate one another from their money.

I write books to make money by sharing my experience and knowledge. I’ve been attending payday loan industry conventions (FISCA, CFSA and OLA) since 2004. I’ve been trained by the best payday loan industry veterans in the industry. I’ve personally collected millions of dollars for my payday loan employers. What separates me from other authors is my ability to explain complex topics in a no-nonsense, straightforward manner. I don’t promise the world. But I do promise to deliver step-by-step strategies you can implement immediately.

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26
Oct

16 Consumer Loan Biz Opportunities

Posted by / Opportunities

Participate in “The Business of Lending to the masses! Consumer loan businesses for sale, investment opportunites, buyers, Native American Indian collaborations available, check cashing kiosks, pawn shops available, debt collection agencies wanted, DMV car title loan savant available, websites for sale, BHPH opportunities, AML and compliance experts… 

Are you aware the CFPB was recently ruled unconstitutional?

16 consumer loan business opportunities that are Amazing

Simply Click the title below to expand the description.

Highly experienced consumer loan operator seeks additional capital to be used to fund loans. Multistore locations and online lending. Title loans, installment loans, payday loans. Equity collaboration. Superior returns available!

25+ year multi-store specialty lender seeks to retire.

Focused on serving the nearly 60% of USA households living paycheck to paycheck.

Primarily unsecured installment loans with a “smidgen” of car title loans.

Footprint in 3 very friendly states. 

Portfolio $20MM+ and scaling rapidly out of Covid event.

Tremendous management Team can remain.

Audited financials.

This is a “platform” scenario. Proprietary CRM & loan management SAAS platform.  In-house IT department. Ready to seriously scale!

The pawnshop industry is experiencing a renaisance! The industry is “counter cyclical!” The current economic environment of inflation and layoffs is driving up loan portfolios and transactions. The nearprime is deteriating into the subprime. Boomers are ready to retire. Family members are not interested.  Pawnshop interest rates are determined at the state level. Legal interest rates in some states exceed 300% APRs! Result? Opportunity!

Here’s a unique opportunity for an investor to earn 12% – 15% annual interest paid monthly. What makes this unique is that the Investor’s collateral is secured 100% by the Borrower! In Cash!!

A highly experienced executive is seeking to purchase existing debt collection agencies. 

Are you a car title loan lender? A BHPH dealer? A dealership? Do you need in-house trainig for your DMV work? Or, perhaps you’d like to outsource this function? We have a highly experienced DMV savant scaled to serve clients in all 50 states. 

“I help firms in the Debt Collection, MSBs and consumer lending industries  become licensed, quickly, inexpensively and painlessly.”

“My firm can get you licensed, certified and compliant quickly”

20+ year aged domain and website available. Great for lead acquisition, vendors serving the B2C lending space… Includes domain and website. Take a look. Make an offer. Boomer ready to sell.

.COM websites in our industry are hard to come by! BargainPaydayLoans.com is a rare opportunity. Boomer wishes to dispose of the domain and the website. Take a look. Make an offer. ALL offers respectfully considered.

Rapidly scaling Kiosk manufacturer seeks to expand locations. Focused on consumers lacking traditional bank accounts or credit. Check cashing. Bill pay. Bitcoin purchases. Gift card redemptions.

Consumers able to pay  with pin debit or even bitcoin.

Even banked consumers cannot go to their bank to purchase a gift card or buy an airtime card. Services include international calling, gift card redemption, and other services used by the masses.

“We service the estimated 25% of U.S. households who depend on brick and mortar locations such as C-Stores, Grocery Stores, Pawn Shops, Payday Loan Stores, Tax Prep Services…”

You can offer a multitude of financial services via an 18″ X 18″ footprint! We provide a single service point (Kiosk). Consumers can make use of multiple services in a place familiar to them, near their residence or work place and at their convenience.

Highly experienced BHPH executive seeks working capital expansion for Southeast BHPH portfolio. Superior ROI delivered!

We have both a CPA and a bookeeper, having years of specific payday, installment and car title loan experience onboarding new clients. Lenders, prepare for the sunami of subprime borrowers in 2023/24.

Experienced WordPress website designer available for new assignments. Here’s your opportunity to finally add an online presence to your storefront operation, launch a Blog to improve your search engine positioning, create your lead acquisition website… 

Experienced Lender, investor, debt collector seeking consumer loan businesses. Goal is to acquire storefronts throughout the USA and “roll them up” under one umbrella. Add online lending to the formula. All opportunities considered.

Lenders & vendors, are you aware of the advantages a collaboration with a federally recognized native American Indian tribe offers? You’ve heard rumbligs! Ready to explore? Are your state-by-state compliance and regulatory costs skyrocketing! 

CAM certified. AML Compliance for MSB’s. Independent reviews, Operating Manuals…  “I have performed thousands of independent reviews, drafted AML programs and risk assessments for check cashing operations, wire transmitters, dealers in precious metals, pawn brokers, foreign currency dealers, digital currency and MJ space.

I’ve owned money service businesses! I’ve walked the walk. With 2+ decades of experience, I have the ability and skill sets to provide operators with a unique level of collaborative consulting services. 

If you would like more details about any of these consumer loan business opportunities, reach out to me! Indicate which opportunity[s] you want to explore by #.

Jer Ayles [LinkedIn]

TrihouseConsulting@gmail.com

Do you want to be listed in our next release? We’ve nearly 8000 readers FOCUSED on the Business of Lending! Operators, Lenders, vendors, leaders… Reach out for details!

How to Start a Consumer Loan Business
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How to Start or Improve a Consumer Loan Business: Storefront or Internet anywhere!

How to Start or Improve a Consumer Loan Business: Storefront or Internet anywhere!

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