California Car Title Loan Laws
Key Regulations for Subprime Lenders in California (Post-AB 2953 Enactment) Car Title Loans (Regulated under the California Financing Law – CFL) Car title loans are nonpurchase money loans with a bona fide principal amount of $2,500 or greater, where the lender obtains a security interest in a motor vehicle. The following regulations now apply, incorporating […]
Breaking Free: A New Dawn for Consumer Lending
HOW TO LOAN MONEY TO THE MASSES without getting your butt handed to you The Winds of Change Hold onto your lending portfolios because a regulatory tornado just swept through Washington! Scott Bessent has taken the helm at the CFPB, and folks, this isn’t just another bureaucratic shuffle – it’s the financial equivalent of a […]
Car TItle Loan P & L
Category Amount (USD) Percentage of Income Income – Fee Income (Title Loans) 3,045,222.98 90.1% – Fee Income (Payday Loans) 333,056.59 9.9% – NSF Fee Income 25.00 0.0% – Income, Addison & Misc. 401.20 0.0% – Refunds and Allowances -468.02 -0.0% Total Income 3,378,237.75 100.0% Expenses – Advertising 16,091.91 0.5% – Merchant Fees 32,385.69 1.0% – […]
Subprime Lending Seasonality: When Credit-Challenged Consumers Seek Funding
Seasonality of Subprime Lender Transactions Timing is everything in lending, especially when serving credit-challenged borrowers. Understanding the rhythms of demand—when needs spike and when they settle, can mean the difference between missed opportunities and maximized profits. The table below captures the seasonality of subprime borrower transactions, revealing the patterns that drive their financial behavior. Armed […]
The Untapped $4.2 Billion Title Loan Market: Who’s Desperate for Fast Cash?!
Why Subprime Lending Isn’t the Villain You Think It Is Lend money to subprime consumers who need quick access to cash but lack traditional credit options. With car titles as collateral, you can offer life-saving loans for emergencies like car repairs or medical bills, while ensuring your investments are secured. It’s a win-win opportunity: help […]
How to Start a Car Title Loan Business
How to Get Your Subprime Car Title Loan Google My Business Listing
California AB539 Solutions for Lenders
<36%: Do you want to remain in business? We offer a turnkey program that will enable you to start/continue offering <36% APR title loans while maintaining a 200%+ ROI on your portfolio. These solutions for continuing to offer <36% APR collateralized loan products “work” in all states! 1 in 3 Californians Struggle! Nearly 1 in […]
How to Start an Alabama Car Title Loan Company
Opening a car title loan business in Alabama is easy, and can be very profitable. Alabama has specific licensing, regulatory and compliance statutes in place. You can access all the Alabama car title loan, pawn, small-dollar loan and payday loan license applications here…
How to Start a Car Title Loan Business
LA’s billionaire king of subprime auto lending Car title loan lenders get a bad rap from the majority of society because most people are unable to put themselves in their “brother’s shoes.” Here is an example of a real-world car title loan lender who enables average folks who need a car in order to get […]