Category Archives: Payday Loans

The BIGGEST Challenge for Every PDL Operator is Customer Acquisition.

This just in from Miro: On the payday loan, title loan, installment and line-of-credit loan frontline; The BIGGEST challenge for every lender is Customer Acquisition.  This applies whether you’re online or storefront. We’re all fighting and clawing to get a new borrower.  More importantly, we’re working to find a GOOD, well paying new customer. Continue reading

Cordray & CFPB Ram New Arbitration Rule Down Our Necks!

Another play by Cordray and his future plan to run for governor. This rule will not stand! Bank, credit union and credit card companies will not allow the rogue CFPB and their appointed administrators ram this down our throats. Continue reading

Payday Loans vs Bank NSF and Overdraft Fees: Reported by CFPB

You think payday loan, installment loan and car title loan APR’s are high? Check this out! The USA’s 628 biggest banks reported – after being forced to by the FFIEC – $11.2 BILLION dollars in NSF and overdraft fees in 2015 Continue reading

Startup Opportunity with Experienced Tribe Lender

Opportunity: Synopsis of a proposed capital raise for a De Novo Tribe portfolio by an experienced payday loan/installment lender. Proposal for Trihouse to Connect Operators and Capital Providers 2017 Goal: Experienced Lender with capital is re-entering the small dollar subprime lending space and seeks additional capital to partner with in order to grow and scale the portfolio. Continue reading

Fewer Companies Settle with CFPB

The Business of Lending is the Oldest Pofession. The Wall Street Journal [which I have appeared in on several occassions] ran an interesting piece on the CFPB Continue reading

Installment Loans vs Payday Loans. What’s the Difference?

Installment Loans vs Payday Loans. What’s the Difference? Continue reading

All About Internet Lending for Title, Payday and Personal Lenders

 Insight & Wisdom in small dollar lending. Digging down below the media headlines… Continued How & Why PDL and Title Lenders Must Embrace the Internet. It’s a fact!  Every day, tens of thousands of consumers are using the Internet and their phone to find a local brick-n-mortar or to apply online for a loan Continue reading

Payday Loan & Installment Loan APR Calculator

APR Calculator & Fees for Installment and Payday Loans APR Formula: [Note: Click LINK below to download a PDF of this Formula.] 100 X 365/D X (C/L -1) =APR Where: D = number of days of loan C = total cost of loan L = amount of loan Typical Payday Loan example: Client borrows $100 […] Continue reading

Real World PDL vs Bank APR Comparison

There is continued controversy regarding the Annual Percentage Rate [APR] of a payday loan – single payment product – versus bank overdraft fees. Continue reading

The Unbanking of America-Professor Lisa Servon Worked in a Payday Loan Store

Why the Payday Loan Industry is Not Only Surviving But Thriving in 2017! Why do real people use payday loans? Why does the middle class choose check cashers rather than banks? Watch Professor Lisa Servon discuss her new book [2:09 minutes in Video] “Unbanking of America.” One of the RARE academic’s who ACTUALLY LEAVES THE […] Continue reading