01
Oct

How to Start Payday Loan or Car Title Business

Start a Car Title Business?

Start a Payday Loan Business?

You still trying to figure out how to start a car title business? A payday loan business? Don’t know the laws? The fees you can charge? Collections? 

How to start a title loan businessYou just don’t know where to begin? Stop “Googling” for hours and try this simple tactic:

  • Get our Startup Manual
  • Run a free ad on your local CraigsList.org website. Advertise for an employee. Get some responses from EXPERIENCED payday loan and car title loan employees who know your LOCAL situation;

Here’s a sample ad:

Immediate opening for Payday loan and Auto / Car Title Loan Officer (Your City)

compensation: $15hr DOE

employment type: full-time

We currently have position open for individuals with Payday Loan and auto title loan process and collection experience.Position opening in following location: Your City
Type: Full Time Employment
Position Description: Payday Loan, Car Title Loan / Collection OfficerQualifications:- Experience in any combination of collection, and pay day loan / auto title loan processing.
– Demonstrate high level of expertise in handling complex transactions and to maintain productivity levels to support business needs
– Able to receive general direction and is competent to perform nearly all aspects of the job independently
– Detailed oriented with computer data entry skills
– Familiar with all aspects of YOUR STATE auto title (or, payday loan) lending code, industry practices, and standards
– Works well as a team member
– Strong problem solving skills
– Excellent verbal/written communication skills
– Strong customer service orientation
-Spanish speaking a plus (or Vietnames, Greek, Haitian… whatever!)