Title Loan Business Startup
Starting a car title loan business can be a lucrative venture, but it requires careful planning and execution. This type of business involves lending money to borrowers who use their car titles as collateral. If the borrower defaults on the loan, the lender can repossess the car and sell it to recover their losses. Before […]
A Glimpse into the Car Title Loan Industry & LoanMart
“Today, a burgeoning ecosystem of technological solutions enables car title loan lenders to revolutionize every aspect of the loan process, from customer acquisition to collections, through digital means.” “These innovative tools and services allow lenders to streamline the traditionally cumbersome processes of applying, underwriting, collateral evaluation, funding, and collections, thus significantly enhancing efficiency and customer […]
36% APR CAP in Nevada: A Helping Hand or a Handcuff for Your Finances?
Lenders, want to double your ROI? Negate the need for securing a state license in the states you choose to lend in? Insulate your loan company from state audits? Plaintiffs’ attorneys? Read below! By: Jer Ayles -As a consultant and commentator for subprime lenders, my perspective on the proposed regulatory bill in Nevada, which aims […]
From Zero to Hero: Building an Empire with Car Title Loans
Car Title Loan Business: Building an Empire with Car Title Loans
Shocking Financial Hack Revealed: How Everyday Shoppers Are Outsmarting Credit Bureaus with BNPL!
As a lender, commentator, and consultant to B2C lenders on subprime consumer lending, [Jer Ayles] this Wall Street Journal article [link below] sheds light on a fascinating shift in consumer behavior, especially among those with credit challenges. is occurring! The use of Buy Now, Pay Later (BNPL) solutions as a workaround to traditional credit reporting […]
Start an Arizona Car Title Loan Business
Revolutionizing Car Title Loans: Embrace the Future with Technology-Driven Lending! Attention car title loan lenders and entrepreneurs! Welcome to the future of car title loans – where convenience meets technology! Gone are the days of consumers having to drive to a car title storefront lender, wait in line, and have their vehicle inspected in person. […]
Unlock the Secrets: 10 Powerful Tactics for Enhancing Your Subprime In-Person Loan Services!
Subprime Loans in Storefront Environments? Dinosaurs or here to stay? Studies suggest that consumers may prefer applying for small-dollar loans with their phone rather than in a face-to-face meeting in a storefront environment. Is this true? Are B2C loan stores going the way of dinosaurs? The shift towards digital platforms for small dollar loans is […]
Maximizing Profits: Best Practices for Efficient Car Title Loan Operations
The Top 15 Vehicles for Car Title Loans: Insights for Subprime Lenders The subprime lending market is ever-evolving, especially in the subprime car title loan industry. With the recent statistics unveiled by California-based LoanMart, there’s no doubt that certain vehicles are more popular than others regarding car title loans. As lenders in this market, it’s […]
🎯 Subprime Lenders, Take Note: ENOVA’s Q2 Success is Your Masterclass
Why ENOVA’s Q2 2023 Financial Performance Is a Lesson for Subprime Lenders Lending to financially challenged consumers and small-to-medium businesses (SMBs) is rewarding and risky—the success of any lending business pivots around the dual axes of growth and risk management. The recent Q2 2023 earnings report from Enova International, a publicly traded lender, is a […]
Supreme Court Says Bankruptcy Code Applies to Native American Tribes, Too
You’re a Subprime Lender Partnered with a Tribe? You borrow money from tribes? This new court decision will affect you. Key Takeaways: According to a recent Supreme Court case, Lac Du Flambeau Band of Lake Superior Chippewa Indians v. Coughlin, the Bankruptcy Code takes away immunity from all governments, including Native American tribes. This means […]
