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 […]
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. […]
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 […]
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…
California AB539 Disruption = Opportunity
Are you aware that the “big boys” sponsored AB539? They spent huge sums of $$$ on PACs and politicians in California to make certain all of us “little guys” cannot compete? Do you know that this 36% APR cap calculation does not include ancillary fees such as non-refundable loan origination fees, credit insurance [that only subsidizes the Lender and consumers must pay again each time their loan is renewed], club memberships, life insurance, accident, health, and disability insurance, involuntary unemployment insurance, property insurance, “nonfiling” fees, accidental death & dismemberment insurance, automobile security plans… MY Point? THE ALL IN APR – annual percentage rate – our sub-prime borrowers pay is HIGHER than the stated APR on their loan contract.
Open a California Car Title Loan Business
How to Open a Car Title Loan Company For both car title loan lenders and their customers: California Exercise caution before borrowing money via an automobile title loan. Title loans require the borrower to sign over the title (pink slip) to your car, RV, motorcycle, boat, mobile home as collateral for your title loan. If you […]
Arizona Car Title Loans: CONSUMER LENDER LOANS FINTECH
Title loan companies are still specifically included in this new Arizona Fintech Consumer Loan law. These lenders are the successors to payday loans, who lend small sums of money at relatively high interest rates using the customer’s vehicle as collateral. Title loans are specifically included in this new bill. Arizona: ARIZONA CHAPTER 55 35 REGULATORY […]
Start a Georgia Car Title Loan Business
Georgia Title Pawn & Title Loans How to open a car title loan business in Georgia Governments move links often. If you encounter any broken links, start your research here: http://dbf.georgia.gov/ If you follow the advice offered in our “Car Title Loan Manual,” you’ll get a title loan here as part of your research: http://www.titlemax.com/georgia-title-loans/ […]
Arizona Car Title Loan Lenders in CFPB Trouble
Title Loan Lenders Failed to Disclose APR’s For car title loan lenders, it’s always been a “best practice” to fully disclose APR’s. It’s not enough to simply advertise car title loan rates! Title loan lenders MUST fully disclose – in layman’s terms – corresponding Annual Percentage Rates [APR]. This is nothing new! TILA has played […]
