Trihouse Consulting Services Available:
We are THE CONSULTANT TEAM you’ve been looking for! Do you want to enter “The Business of Lending to the Masses?” We offer to consulting services by phone, in-person, the opportunity to “work” in one of our Texas stores, or you may invest in one of our Courses and study at your own pace. Since 1998, we have owned and operated our own consumer loan stores and websites. We’re focused on the small-dollar businesess-to-consumer [B2C] lending niche. Our Founders have participated at annual consumer lending association conferences, taught Boot Camps, and appeared in The Wall Street Journal, Bloomberg, The New York Times… and more than a few books. You want to enter the “Business of Lending Money to the Masses Profitably,” you engage Trihouse Consulting. 702-208-6736 PDT: Jer@theBusinessOflending.com
$237.00 Immediate PDF Download
If you’re worn out spending hour upon hour searching Google for consumer loan business strategies, know-how, software, licensing, consumer credit reporting, sample contracts, collection tactics, profitability, how much start-up capital you need, anticipated default metrics, and on and on and on… Our “Bible” delivers ALL THESE ANSWERS AND MORE!
How to loan money to consumers! Payday loans, car title loans, installment loans, line-of-credit loans… via the Internet and storefront models.
Schedule a Call with our Founder. 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!
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Connect directly with our Founders on the day and at the time you select.
Ask ANY question regarding the small-dollar loan industry.
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Jer 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.
Texas CAB/CSO Credit Services Organization Report
An analysis of the CAB/Credit Services Organization Model as it applies to Texas. An alternative to the Payday Loan Model.
What is a Texas CAB/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” paid to the 3rd Party Lender caps 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.