THE BLOG

25
Jun

Personal Loan Payday Loan Kiosk Machine

The future of consumer small dollar lending? Automated kiosk machines and smart phone apps.

No doubt, there will be continued demand by consumers for immediate cash in their hand, but for B2C small dollar lenders to scale will require their investment in technology, apps, SAS, automated kiosk machines…

Today’s kiosks have the ability to:

  • Apply for a loan
  • Submit the application including identification scanning
  • Underwrite and score the consumer loan application
  • Approve/decline the consumer loan application
  • Consumer agreement to loan terms and Esignature
  • Enable the consumer to receive loan funding via an ACH, debit card, cash…
  • Process consumer payments via bank account, EFT, cash, gift card…

No need to lease a location, hire a multitude of employees, and on and on and on… Result? Profits.

The thing is, THE FUTURE IS HERE! Email TrihouseConsulting@gmail.com Subject: “KIOSK”

Loan Machines Here Today

Loan Machines Here Today

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20
Jun

8 New Deals Available: Small Dollar Lending, Investments & Opportunities

I have 8 new deals for your consideration today.

Buy/sell/invest in small dollar lending/SAS/Cannabis companies. (PS: If YOU have a “deal” reach out! See below)

In no particular order:

OPPORTUNITY 1:

  • Goal: Capital raise in order to fund additional consumer loans employing the State licensing loan model.
  • Investor(s) needed.
  • Small Mngt. Team has nearly 50 years combined experience.
  • Company has funded tens of millions of dollars of consumer installment loans during the past 18 years via stores and the Internet. Avg. consumer loan = $500.
  • Debt & equity capital infusions considered.

OPPORTUNITY 2:

  • Licensed New Mexico “Small Loan Company” Acquisition Opportunity
  • Brick & Mortar Retail Store Location Offering Installment Loans
  • As of May 2018:
    • Location in Albuquerque, New Mexico
    • Employee operated
    • Consumer Loan Term 6-12 months/ Max APR 175%
    • $85K portfolio
    • 500 past borrowers not active but in good standing for future loan transactions.
    • New NM rules in effect: Current portfolio is a majority of “Unsecured Installment Loan Rule of 78th.”
    • 5-year Gross Revenue History avg. $300K/month
  • Other Details of Interest:
    • Simple Interest Loans are no longer offered in NM due to new regulations effective January of 2018.
    • Meaning? Zero fear of potential new laws in foreseeable future; overcomes the proposed CFPB payday loan rule.
    • All Loans passed 2018 State of New Mexico “DFI” examination.
  • Asking Price: $150,000. 

OPPORTUNITY 3:

  • Need a bank – an ODFI – for your loan operation? Need ACH, debit and credit card processing? Tribe & State licensed welcomed. Easy on boarding process. Startups considered. ISO’s and brokers not welcome; no middlemen. You deal with the bank. No one has better rates!

OPPORTUNITY 4:

  • Entrepreneur with 20+ years title loan and check cashing experience seeking additional funding for Florida title loan, multi-store startup. Co-founder of original Florida Check Cashers Assoc. High-tech founder re-entering the B2C lending industry. Equity/debt relationship… Noteworthy why? Because the small dollar lending environment has become VERY positive in light of recent regulatory developments, CFPB changes, Fintech, the economy…

OPPORTUNITY 5:

  • 10+ loan stores available in the Greater Ontario Area operating under a variety of brands. Can be assimilated under one “umbrella.”

OPPORTUNITY 6:

  • CSO/CAB El Paso Texas. Buyout a partner who is ill? Possibilities are extensive. Locally owned. Survived city ordinances… Great opportunity to enter the #2 small dollar loan market in the world; Texas. 

OPPORTUNITY 7:

  • State-of-the-art, small dollar loan management/website builder SAS company with existing clients in the USA & Canada looking for a U.S representative for marketing, introductions, trade shows… Equity considered. Standout SAS loan software with recurring monthly revenue: MRR. 

CANNABIS OPPORTUNITY 8:

  • MANY of my readers have been with me since the early 2000’s when I launched this small dollar loan industry Newsletter.
  • RISK is in our blood! It’s the nature of lending $$$$$.
  • MANY of my readers, friends and ME, have begun investing in cannabis; the fastest growing industry in the world!. I’ve personally funded a few grow facilities, dispensaries and a test lab. I’m into cannabis banking solutions and CBD online credit/debit card processing as well.
  • REACH out if you need banking, ACH/Credit/Debit processing, have deals, an interest, or capital you want to put to work in the California marijuana space.

If you are SERIOUSLY interested in any of these opportunities:

  • Email Jer at TrihouseConsulting@gmail.com
  • TYPE: “OPPORTUNITY & the Number” in your email subject.
  • You must include your name & contact info in the Body of your email in order to receive details, investor documents, disclosures… ANY followup!

To forward this or read Online:

http://paydayloanindustryblog.com/8-new-deals-available-small-dollar-lending-investments-opportunities/

Finally, as I usually end these pieces: GO MAKE SOME MONEY! And do a little good while you’re at it!!

Jer – Trihouse Consulting 702-208-6736

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05
Jun

Payday Loan Companies Record Profits

Payday lenders and the stock market prices for their publicly traded shares are at record highs.

Why? Because payday loan lenders have been transitioning away from mono-line payday loans for the past several years.

If you’ve been following our advice here at PaydayLoanIndustryBlog.com, you’re no doubt aware that micro-lenders – that is payday, car title, signature, line-of-credit lenders – have been busy creating new loan products for years. That means for many lenders, the stereotypical “payday loan” product makes up less than 20% of their loan portfolios.

Of course, the folks at Bloomberg just figured this out. Too bad they’re too busy to listen to the earnings report calls we enable our readers to jump on!

Enova International Inc. has more than doubled so far this year, the best performer in the Russell 2000 Consumer Lending Index, followed by rival Curo Group Holdings Corp., up 64 percent.

Read more here…

Ready to launch your consumer loan business? CLICK HERE TO GET STARTED

How to Start a Loan Business Payday Loans

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17
May

FTC-More Great News for Payday Loan Customers, Lenders & Businesses in General

And the news just KEEPS ON GETTING BETTER for payday loan customers and their service providers.

A new leader at the FTC once defended payday lender AMG Services

In 2012, Mr. Smith was also part of the legal team that defended AMG Services, the payday lender founded by the Scott Tucker.

“It’s outrageous the F.T.C. would pick the lawyer for a criminally convicted racketeer’s payday loan company as consumer protection chief,” said Senator Elizabeth Warren, Democrat of Massachusetts, who opposed Mr. Smith’s selection.”

“The agency should pick someone with a track record of protecting consumers, not companies that cheat people.”

ISN’T LIFE GREAT  😛

Here’s a link to the full story: Payday Loan Lawyer Heads FTC.

PS: Need a bank account, ODFI or high risk merchant processing for your business? Start here: Banking & Processing

 

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17
May

Bank Accounts for Payday Loans, Car Title Loans, CBD, & High Risk Merchants

May 16th, 2018. Two new ODFI’s, lender bank accounts and an extremely competitive payment processor available to serve you TODAY!

Need banking and processing for your high risk payday lending, car title loan lending, cannabis transactions, Image Cash Letters [ICL], CBD oil, MLM, ECig, and Nutraceuticals merchant processing…

ALL at extraordinary rates and zero reserves? Reach out to me! [Inquiry Form below.]

Having been in one of the highest risk verticals for 20+ years – online payday loan lending – it’s been easy for my Team to on board other high risk verticals in need of banking and processing. This includes tribe lending [TLE’s], processing CBD, MLM, ECig, and Nutraceuticals… That’s right!  CBD, kratom, Nutra, and Ecig businesses; all the high risk merchant processing your bank and merchant processor are “uncomfortable” with.

ODFI With Payday, Title & Personal Loan Processing Rates

ACH PROCESSING FEESNew rates and ODFI's effective May 16,20182 New ODFI's Avail. 
NOTE 1: For Tribal Lending Entities (TLE's) a Bank Depository Account WILL be provided.
NOTE 2: Debit & Credit Card Processing is Available.
NOTE 3: We have MULTIPLE ODFI's available for TLE's, Payday, Title...
NOTE 4: No reserves. 3 day hold
Credit Origination$0.75
Rejected Transaction$1.00
Credit Return$2.75Discount%0%
Credit Late Return$2.75Per Prenote$0.30
Credit Chargeback$2.75
Debit Origination$0.75
Debit Return$2.75Monthly FeesN/A
Debit Late Return$2.75ACH Platform Access Gateway$35.00
Debit Chargeback$2.75Monthly Bank Fee$35.00
Notice of Change [NOC]$1.50
NOC Auto-Correction$2.50
Incoming Wire$6.00Application Fee$100.00
Outgoing Wire$25.00Setup Fee$0.00
Returned Settlement$6.00
Un-Authorization$2.50
NOTE 4: Rates are negotiable for high transaction volume.

Bank for payday loan business

Want to learn more about our ACH processing, Push loans to consumer’s phones, Credit & Debit card processing,  ICL [Image Cash Letter] money transfer solutions, bank accounts [ODFI], RDC [Remote Deposit Capture] and more?

Tribe and state models approved!

We can assist you with all your needs.

Let’s schedule a call to better understand your needs and our services!

Fill out my online form.
YOUR PRIVACY IS GUARANTEED!
Your information will only be sent to Jer at Trihouse!!
We ALWAYS act as if an NDA is already in place!
Jer: 702-208-6736 TrihouseConsulting@gmail.com

Has Compass, Kabbage, Wells Fargo, Chase, Bank of America… terminated you? Have you received an “ACH processor Termination Letter” from your Banker? Your ACH processor? No worries! When 35 million consumers demand access to a product, entrepreneurs always find a way.

There’s a fix for this! If you need an alternative to ACH, I’ve got it. Reach out. It’s cheap, proven and works.  Want more info?

Push-funds to borrowers: We have the system! This is huge!

Credit & debit card processing. We specialize in the payday loan, signature lending, small dollar loan vertical.

You know the PDL industry has been “on the ropes.” Dollar delivery systems have been under heavy attack. President Obama launched “Operation Choke Point” and multiple AG’s have squeezed lenders hard. BUT, President Trump is in charge now  🙂  Everything in the payday loan industry is improving daily. Even the publicly traded payday loan’installment and signature loan companies are performing MUCH better and recording huge increases in transaction volume and profitability. The CFPB is crashing and burning!

And, in spite of all the “noise,” millions of consumers continue to “vote” every day to employ our products to solve their financial challenges. Likewise, savvy payment processors and banks launch new, exciting, state-of-the-art money transfer conduits enabling lenders to continue to service our demographic.

ACH for payday loans

Today, I announce money transfer solutions worthy of your consideration:

  • Bank accounts
  • ACH for tribe and state licensed lenders
  • PIN debit
  • PINless debit
  • EFT
  • ODFI’s in the USA
  • ICL
  • Credit cards
  • PDL operating accounts
  • 7 Methods for consumers to make a payment
  • Plug-n-play API’s
  • Legacy portfolio importation
  • Super competitive rates
  • And much more…

This is the future of money movement! 

ACH for Payday Loan Business

Trihouse has solutions available; each focusing on your specific need as an MSB, PDL or title loan lender.  As you know, Operation Choke Point, “bank discontinuance” and state/tribe licensing are all factors determining the most suitable banker, ACH provider and alternatives. Your rates, fees, rolling reserves, etc. are dependent on your business’s specific situation.

Invest 30 seconds of your time here and we’ll provide you with a direct line to our financial solutions provider.
To arrange a private, DISCRETE introduction to our “solutions” go here: Private Request for Intro.

Fill out my online form.

This will enable your Team to discuss your unique, individual needs directly with our processors. Note: The longer your Team waits to find out more, the closer you’ll be to the bottom of the stack of applications. This isn’t B.S. You already know bankers, ACH processors and state lending license issuers are BURIED!

TrihouseConsulting@gmail.com
Request a Private Introduction: ACH Solutions

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