Tag: s

14
May

New Payday Loan Study Positive for the Industry

The results of a new payday loan study by the University of California Graduate School of Management entitled, “Are Credit Unions Viable Providers of Short-Term Credit,” the study by professor Victor Stango suggest borrowers seeking small, non-collateralized, short-term loans prefer to pay higher rates for “small, short-term loans than to participate in credit union programs that have strings attached, such as a savings component or a financial education requirement.”

Additionally, credit unions find that consumers resist their products due to shorter operating hours and a payday loan type of product offered by credit unions can harm a consumers credit rating; something payday loan stores do not do.

Titled, “Are Credit Unions Viable Providers of Short-Term Credit,” the study by professor Victor Stango comes as credit unions are petitioning regulators to increase charges on payday loans. The National Credit Union Administration.

Read the full Study here.

27
Jan

Magic Numbers Don’t be misled by payday loan statistics.

Magic NumbersDon’t be misled by payday-loan statistics.

This is an interesting article by Thomas Sowell at the National Review.

It’s a good read! Mr. Sowell begins … “Words are not the only things that enable political rhetoric to magically transform reality. Numbers can be used just as creatively — and many voters are even more gullible about statistics than they are about words, apparently because statistics seem more objective.

The latest congressional crusade is to clamp down on small finance companies that provide “payday loans” and check-cashing services in many low-income neighborhoods, where there are few banks.”

He goes on… “A common practice in making small loans of a few hundred dollars for a few weeks is to charge about $15 per hundred dollars lent. Politicians, the media, community activists, and miscellaneous other busybodies are able to transform these numbers into annual percentage charges of several hundred percent, thereby creating moral melodramas and demands that the government “do something” about such “abuses.”

Read the article in its entirety here: National REview.com

14
Jan

Payday Loan Internet Biz 4 Sale

Just a quick blast to let you know about a Payday Loan Internet business that has suddenly become available.

For those of you in the market for a turnkey payday loan business, we have one!

Here’s the lowdown from the seller:

“Small Internet Payday Advance company for sale.  10+ year old
company is winding down business and is currently maintaining its
current customers and is not processing any new advance requests.
Customer base has set payment plans in place to payoff all advances
by year end 2010. Many returning customer and new requests are not
being accepted or funded.

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Company website and URL’s are included.  Use Payday Loan Manager
(PLM) system, Accurint and Teletrack.  Has large data base of applicants.

If interested email your inquiries to:
4SaleInternetCo@PaydayLoanIndustry.com

Run this strictly as a payday loan Internet business or take the plunge, embrace the Internet and combine this opportunity with your store.

You get an Internet business with an existing revenue stream and customer base. You can hit the ground running with an immediate revenue stream AND you’ll get training from operators having 10+ years of experience!

So again… email:
4SaleInternetCo@PaydayLoanIndustry.com
INCLUDE YOUR CONTACT INFO AND BEST TIME TO REACH YOU.

ALSO… what subjects do you need covered?

Are you a vendor or supplier? Advertise here:
http://www.paydayloanindustry.com/payday-loan-vendors.html

Want to be a contributor? Enjoy writing? Got a topic, a product? A Solution? A bone-to-pick? Let me know!!

Jer
jer@PaydayLoanIndustry.com
The Team at Trihouse Payday Loans
702-889-9555
email us: PaydayGuys@PaydayLoanIndustry.com
http://paydayloanindustry.com/cash-advance-store.html Knowledge Store

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