Payday Loan, Title Loan, Consumer Loan Business Profits | ||
Store: Books, Case Studies, Reports... | ||
Loan Home Book Store Learning Center Our Contact Info Training Bible Profits Frequently Asked Questions Internet Business TX CSO>CAB Model Franchises Boot Camp More Training Manual Tribe Loans Vendors/Suppliers Blog For Consumer Loan Operators Consumer Loan History Consumer Loan Industry Consumer Training Manual Consumer Loan Machines ATM Cards Consumer Loan Software Collections Internet Business Compliance Training Call Center Solutions Vendors & Suppliers Consumer Loan Leads Text Messaging Strategy Excel Pro Forma Consumer Loan Alternatives Success Stories Valuations Consumer Loan Franchises Check & ACH Verification For Consumer Loan Investors Earn 20% on Your Money Other Stuff Car Title Loan Biz Cash for Gold Biz Disclaimer Our Contact Info Free: Consumer Loan Newsletter. The frequency is typically once each month. If
you have an interest in the Consumer loan industry, YOU NEED OUR NEWSLETTER! |
Payday Loan Business Profits - Consumer Loans, Car Title Loans... Profits and ROIThe following statistics represent our best estimates of the typical returns possible for one consumer loan location:
In many states and provinces lenders are legally allowed to charge an initial "set-up" fee of $5.00 to $10.00 the first time an applicant receives a consumer loan. This will add significant additional profits to your operation. Here are a few examples of the revenue fees for car title lending in Florida. [Note: Many entrepreneurs are mis-informed about Florida car title lending opportunities! They underestimate the profit potential because of a lack of understanding Florida car title loan tactics and strategies - fully explained in our Course: "The Business of Lending Money to the Masses" available here: The Bible.]
Here is an example of Utah Disclosures and Fee Schedule
Missouri Fee Schedule
Example of Texas Car Title Loan Rates and Fees: Single Payment
These figures are based on our best opinion of existing stores, interviews with members of management of existing stores, statistics garnered from attendance at industry conferences and conventions. YOUR RESULTS MAY BE DIFFERENT! Are you currently attempting to determine the advisability of starting a new consumer loan business? Perhaps you're an existing pawnshop, bail bonds company or check cashier considering the addition of a consumer loan profit center to your operation? What will your first year sales/earnings be? Guess? Certainly you can look at the demographics of your market area. Evaluate your competition, if any. Visit existing consumer loan operations in other markets. Read any trade periodicals, if they exist. Get a job in the industry for a while. But bottom line, WE DON'T KNOW WHAT YOU BRING TO THIS GAME! This is our situation. We do not know what assets you bring to the equation. We all know hard work (luck) and timing can make all the difference in the world. Certainly the timing for the consumer loan industry has never been better. It is a product for which clients are clamoring. But what results you will achieve are beyond our control. See our Disclaimer Page We know of consumer loan locations and Internet lenders offering payday loans, installment loans, car title loans, line-of-credit loan products doing much bigger numbers, particularly in large, metropolitan cities. And of course, a tiny town in the middle of no where will do less volume. Certainly the Internet offers the possibility of making your actual physical location a moot point. See our "How to Loan Money to the Masses Bible" for details. Our experience is that after the initial "build" period subsides and your location matures, a leveling off somewhere between 285-335 customers at approximately 425-700 consumer loan transactions per month is typical. Again, this depends on where you're located and how well you embrace the Internet.
Annual Percentage Rates: Immediate download in Adobe Acrobat. |
Trihouse Consulting 601 East Charleston Blvd. #100 Las Vegas, NV. 89104 702.208.6736 Team@PaydayLoanIndustry.com Follow @paydayloanguy Paid Ads |
The Business of Lending Money to the Masses © Payday Loan Industry Home | Copyright Trihouse Consulting - The Business of Lending to the Masses: Profitably | Trihouse Consulting 702-208-6736 | We are Not Direct lenders. Terms and Conditions | |