How to Start a Payday Loan Business
Start a Payday Loan Business Home
- Offer intellectual property in the form of Manuals, Reports and Guides
- Consult: we offer one-on-one advice and counsel for start-ups and experienced "players."
- Boot Camps: 2-day intensive training in one of our "live" stores. (So. Calif.)
- Capital: we fund experienced mngt. and help raise capital. No "newbies."
- Brainstorm: do you have an idea? Let's explore...
- PLEASE, get up to speed. Don't waste our time or yours.
Payday loans were developed to help a person receive the money they need today without having to wait until their next payday.
In essence, we delay the deposit of their personal check until their next pay day, which is usually less than 2 weeks away. (Actually, the use of EFT's, ACH's, debit cards and more are becoming the accepted method of transferring payday loan proceeds to our payday loan customer's bank account. More on this in our training materials.)
With a payday loan, they get the cash they need before their next payday!!
PAYDAY LOANS or PAYCHECK ADVANCES are one of the fastest growing businesses in the US, Canada, Australia, Costa Rica, South Africa, England, and others. It's the ideal complement to your present business or as a new establishment. If you have a 5 ft. by 5 ft. area available, you can turn it into additional income.
We're helping entrepreneurs open payday loan offices and web sites everywhere! There's a tremendous opportunity for individuals to open a payday loan business and get in on the ground floor of a wonderful, money making business. You can even open a Payday Loan business in conjunction with your existing business. Pawn shops, check cashers, liquor stores, car and truck rental companies, furniture rental stores and more are opening payday advance loan businesses.
A typical 8 day paycheck advance extended to your client will yield an annual percentage rate on your money of 805% - it depends on the state or province you're in! Starting costs vary tremendously and are determined by your goals. A new store might require leases, first and last plus a deposit, signs, licenses, phones, etc. Adding a payday advance loan opportunity to an existing business requires hardly more than working capital, business cards, flyers, advertising, forms, etc. And let's not forget about the Internet Model. Today, it's possible to purchase a turn-key web site with a complete software solution for less than $5000. What other industry offers such low startup costs.
Of course today, with the prevalence of the Internet and smart devices in the hands of consumers, it's certainly possible to earn a substantial income in the payday loan industry without having to ever fund a payday loan; as a payday loan affiliate. You sell payday loan leads and applications to payday loan companies that do fund the loans. This model is often referred to as an "Affiliate Program." (This is thoroughly explained in our 130 page Payday Loan Internet Report.
Payday loan working capital requirements are determined by you! We have heard of new payday loan operators who began with less than $2500. Granted, you can't do many payday loans with $2500 but you can enter the business, "learn the ropes" and "get your feet wet."
Our Payday Loan Startup & Training Manual is available for $337.00 including Shipping
Click Here to Order a Payday Loan Training Manual on-line from our secure, encrypted server. Or, call 702-208-6736 10:00 A.M. to 6:00 P.M.
To purchase the Payday Loan Training Manual, $337.00 with Priority Mail USPS Shipping, e-mail us, pick-up the phone and call us, or Click Here to Order On-Line Now via Our Secure Order Form. All credit cards and Paypal are accepted. Also, you have the option of printing and mailing the Order Page with your personal or business check
Payday Loan Manual On-line Ordering Available
Trihouse Enterprises, Inc.
823 South 6th Street, Suite 100
Las Vegas, Nevada USA 89101-6923
702-889-9555 Office
CONTACT US
A paycheck loan or paycheck advance business is easy to operate IF YOU KNOW HOW TO CONTROL IT. Typically, you advance your check to your client and accept their personal check for an amount in excess of the amount of your check. You're accepting a check, giving the writer less than its face amount, and holding it for an agreed upon period of time. Thus, paycheck advance or paycheck loan or deferred deposit or...
The rationale behind the boom in payday loans is perceived high credit card rates and high bank fees for bounced checks. Immediate gratification by the consumer is another driving force in the deferred deposit business. There is nowhere a consumer can go for a small loan in an emergency. Banks don't do it and loan companies are too slow and complicated. High check bouncing fees drive the business. Banks charge a $35.00 fee and more for bouncing a check (even more for a 2nd or 3rd!). Then the original recipient of the check charges a fee. (Remember the recipient's bank charges a fee to them!) That can make a paycheck advance/deferred deposit the best choice for consumers.
YOU CAN MAKE A TREMENDOUS AMOUNT OF MONEY IN THE PAYDAY LOAN BUSINESS AND HELP PEOPLE IF YOU KNOW WHAT YOU'RE DOING!!
To achieve success and make SERIOUS MONEY you need Information. Our Payday Loan Manual & Boot Camps cover the following Topics:
COMPREHENSIVE TRAINING- 3-Ring Binder totaling 500+ pages
- CD with forms, contracts, disclosures and more for your use
- Pkg with Your State Legislation & Laws
- The opportunity to attend our 2-Day Intensive Boot Camp in Lake Forest, Calif. at a discount
- Step-by-step procedures
- Strategies
- Tactics
- How to build your business
- How to screen your customers
- How to advertise
- How to handle problems
- Laws affecting your business
- What type of equipment you will need
- Manual or computer managed?
- How to select your bank(critical!)
- Forms required
- Vendors who will guarantee your customers checks 100%
- State and federal permits/licenses
- Telephone Support
- Operating an Internet Payday Business
- Check recovery services
- Subprime Consumer Reporting Services
- ACH & EFT methodology (How to move money electronically)
- ATM/DEBIT/PREPAID card procedures and vendors
- Electronic Funds Transfer (EFT).
- What software is appropriate? What to look for? Software Vendors contact & pricing info.
- Collections
- APR formula and calculation
- Compliance issues.
- Arbitration discussion
- Demographics
- Marketing
- Photo/Signature capture
- Industry Resources & periodicals
- Business Plan
- Forms, advertising materials, and links to more information
- Discussion of alternative methods for conducting Payday advances. (Internet Service Provider/cash rebate, Sale-Leaseback, Catalog sales, etc.
- Additional income possibilities & Traffic Builders
Don't Need Any hand Holding? Just want the Payday Loan Training Manual & the Forms with Telephone Support?
$337.00 with Priority Mail USPS Shipping. Or, download immediately in Adobe Acrobat.
On-line Ordering Available!
Order on-line NOW from our secure, encrypted server.
Click to Purchase Payday Training Manual-Now
Purchase Payday Training Manual-Now
Trihouse Enterprises, Inc.
601 East Charleston Blvd.
Suite 100
Las Vegas, Nevada USA 89104
702-208-6736 Office
CONTACT US