How to Calculate Installment & Payday Loan Annual Percentage Rate
Are you calculating the APR you charge your installment loan, car title loan and payday loan borrowers correctly? Does your installment, payday and car title loan loan management software [LMS] correctly calculate the annual percentage rate (APR) on your loan contracts? I HIGHLY RECOMMEND you double check your APR calculations! Here’s a free APR tool […]
Seed/Angel Funding with Tribe Lending Enterprise [TLE] & Experienced Servicer
The Opportunity: Seed/Angel Funding with Tribe Lending Enterprise [TLE] & Experienced Servicer A highly experienced Team of two founders & a TLE are launching a tribal online loan portfolio in the USA. FOUNDERS’ DETAILS: Founders’ contribute $1.1M cash to this launch Founders’ contribute their lead aggregator company having generated 500K sub-prime consumer leads/month This is […]
CFPB vs Great Plains Lending & Plain Green: Tribe Payday Loans
Several years ago, before the Wall Street Journal reached out to me for my thoughts regarding tribal lending, I was having lunch in Newport Beach with a friend – I’ll call him Bob – who owned 61 brick-n-mortar payday loan stores in 4 states. As we were about to eat, I got a call from […]
Serious Trouble for a PDL_Lead_Aggregator Again: Tribal Sovereign Model Attacked?
Major Payday Loan Lead Aggregator in Trouble Again CONSUMER FINANCIAL PROTECTION BUREAU TAKES ACTION AGAINST ZERO PARALLEL FOR STEERING CONSUMERS TOWARD BAD DEALS Bureau Orders Zero Parallel and Its Owner to Pay $350,000 and Stop Their Abusive Practices [Again, thanks for being a loyal subscriber! Send thoughts, comments, questions to: Jer Trihouse] 1st they were T3Leads. […]
How to Start a Payday Loan Business
What do you need to start a payday loan business? Equipment and software? It’s ALL in the Manual. But, here’s a summary of the basics: Are all of these payday loan startup assets required? I’ve witnessed entrepreneurs begin with less… Business entity: Corporation, LLC, DBA… Accountant Lawyer Phone Computer Laser printer Fax machine Copier machine Internet […]