Payday Loan Business Startup

By | Apr 1, 2016

It’s INCREDIBLE how PROFITABLE and POWERFUL a consumer lending business can be! Simply put, lending is the best possible business you can be in. Why? Your inventory is cash and credit. It’s not roses or fruit rotting. It’s not cars depreciating. It’s not selling your accounting or car repair service over and over again while […]


Payday Loans – This may Infuriate You

By | Nov 6, 2013

By: Jer – Trihouse: This is going to make a lot of my friends, peers and clients unhappy. As a lender, I’m grappling with this “new reality” as well. But… The non-collateralized loan product is undergoing major evolution. Business models relying on non-amortizing loan products and/or “rollovers” for profitability will not survive. Ultimately, convoluted, temporary […]


FDIC Looks at Bank Payday Loan Styled Products

By | Nov 5, 2012

The Federal Deposit Insurance Corp. (FDIC) is reviewing bank payday loan styled products. As a result of a letter from Americans for Financial Reform, as reported by Matthew Kish Business Journal staff writer- Portland Business Journal, the FDIC sent a letter back to AFR indicating their interest. Tom Unger, a spokeshole for Wells Fargo, says […]


Advance America and Payday Loan Media Bias

By | Nov 2, 2012

Advance America funded 10,000,000 payday loan transactions in 2010. They are the largest brick-n-mortar, regulated lender in the U.S. They received just under 50 complaints TOTAL for the entire year! With the exception of Jessica Silver-Greenberg at the Wall Street Journal and Carter Doughtery at Bloomberg, why can’t the media “get this?” Because they are […]


Payday Loan Industry – Thoughts and Status

By | May 21, 2012

  That Used to Be Us? NO! We’re Still Here – PDL Industry The past 5 months I’ve been in payday loan workshops and conferences in 3 countries and 5 states. I’ve been lucky enough to attend meetings with operators, hedge funds, software providers, sub-prime consumer data reporters, 300+ seat call center operators, ACH providers […]


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