Payday Loan Consultant
Would You Like to Sell Your Online Loan Portfolio?
A group of my clients have been
very successful purchasing online payday loan
portfolios. I highly recommend them to you
because of their fairness and good reputations.
With the uncertainty of national and state
legislation regarding both the Internet and payday
loans, it may be time for you to sell.
Contact me if
you have questions or interest.
Are you Interested In Starting Your Own Payday
Loan Business?
I can show you what I know, but
there is a management group that can help you
achieve your goal faster. The payday loan
industry was once like the gold rush days, but
like every other fad competition has crowded up
things a bit. Today part of the trick is
knowing how.
Click
here for a PowerPoint discussion.
More Automated Workflow
I don't have a specific system
to sell you because I don't believe in selling you
one. All of my customers use their own
software systems, and do not pay royalties to
anyone (including me). The reason is because
we will start with the systems you already have in
place, but we will improve your systems to save
operational costs or to generate more income.
Some of the more obvious automation areas are:
 | ACH Batch (Are you still hand
loading them for your bank?) |
| New Loan and New Customer
Applications |
| Loan Extensions (Can your
customer control it?) |
| TeleTrack Inquiries |
| Customer Relationships |
| Collections |
| Outside Collections |
Every step of the loan process
should and can be automated. The question is
how much, and what is the top priority for you.
I can help you develop such a plan
Statistical Tracking
Every morning I deliver the
following up-to-the day type of answers to all my
clients:
| Advertising Costs So Far
(your accounting department can usually tell you
at the end of the month, but don't you need it
now?) |
| Number of New Loans |
| Cost Per Loan Per Campaign |
| Gross Fees (Sales) |
| Net Fees (Collected Fees) |
| $Dollars On the Street |
My customers also know what
trends they are experiencing in all of the areas
above including their own growth rates. I
also know the industry well enough to predict your
breakeven points. I can give you the timely
information you need to make critical decisions.
Internet Advertising
Internet advertising is its own
specialty particularly in the highly competitive
payday loan business, and if its out there
somewhere I have probably got some kind of
experience doing it including:
| Search Engine Optimization
(mostly hype) for better natural search results. |
| Pay Per Click Advertising
with Google, Overture and a few other places |
| Ping and Post Leads from
third party providers |
| Pop-up Ads |
| Direct Email Marketing (SPAM) |
| Online Yellow Pages |
|
Jonathan
C. Felt Consulting dba
