Category Archives: Payday Loans

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

Payday-Installment-Title loan Store Marketing Ideas: 101

Marketing Ideas. By the guys who wrote the book on starting a payday loan, installment or title loan business Continue reading

Highly Experienced Short-Term Lending Executive Available – Do You Need Help?

Does your de novo or established short-term lending enterprise need a talented, experienced, executive?   [Name Redacted by Jer at Trihouse Consulting] has nine years of experience in the short-term financial industry. Continue reading

Texas OCCC Payday Loan License Expires?

Texas OCCC Regulated Lender Licenses Expire at Midnight on 12/31/16. For those of us offering loans in Texas, here is a copy of the alert we received from the Texas OCCC: Good afternoon, This is a final reminder that regulated lender license renewal is now open online via ALECS and must be renewed by December […] Continue reading

CFPB Under Attack Again by PDL, Banks, Credit Union Trade Groups

Congress Attacks All Planned CFPB Rules By: Jer Ayles-Trihouse. Financial, fintech, banking and credit union trade groups are storming Congress to  repeal all upcoming CFPB [Consumer Financial Protection Bureau] rules governing arbitration, payday lending, debt collection and prepaid cards by using its authority under the Congressional Review Act Continue reading

Bank Accounts for Payday Loan Lenders

By: Jer Ayler at Trihouse Consulting Payday loan lenders and micro-lenders continue to suffer from “bank discontinuance” issues as a result of “Operation Choke Point” launched by the Obama administration in August 2013. The Community Financial Services Association of America (CFSA) and Advance America said ” a preliminary injunction was needed to end the back-room […] Continue reading