Payday Loan ALternatives
Payday Loan Alternative Approaches
Assuming you plan to operate in a state lacking current enabling legislation, our opinion is that it is wise to research and study the payday loan industry as thoroughly as possible; then enter anyway you can! Of course, your team must be composed of good legal and accounting expertise. Next, do whatever it takes to be aware of ANY legislation introduced in your locale. It is certain that the continued pressure on your regulators from the internet payday loan model, the Internet Service Provider approach, the call center approach and the legal payday loan businesses on your geographic borders will result in favorable legislation in your geographic area! This is inevitable. Consumers EVERYWHERE demand our payday loan product. It serves a gigantic need in the marketplace.
It is generally thought that instead of implementing the bank model, consider working to get your legislators to wake up to the inevitable and embrace the payday loan product. In the interim, prepare yourself to enter the business the day your legislature gives you the green light!
The Payday Loan Internet Model makes a great deal of sense if your state or province does not currently allow payday loan stores. For additional information regarding the Payday Loan Internet Model, go to our Internet description here
State regulators are focusing on the payday loan alternatives. The ISP model. The phone card. The sale-leaseback. THEY DO NOT LIKE THEM! Disguised loans; alternatives. They would rather we worked to change the state law. Of course, MSN, Earthlink, and AOL all offer cash rebate programs with dramatic success. Why canít we utilize these tactics? If you can afford to litigate them or you plan to remain "under-the-radar", go for it.
ISP Approach With Cash Rebates Again, HAVE A GOOD LEGAL TEAM! You will be attacked. This does not mean the cash rebate approach is not legal. It does mean you should research this model very carefully and keep your eyes on what the "big-boys" are doing. And always consult competent legal counsel.
Trihouse Enterprises, Inc.
601 East Charleston Blvd.
Las Vegas, Nevada USA 89104
Call us now with your questions!