The Inside Information On Tribal Lending
Short-term lending is a billion dollar industry that involves millions of consumers willing to pay higher interest rates when they have no other resources for obtaining funding. Several Native American Indian tribes have caught onto the concept of short term
Why APR is a terrible way to describe small-dollar loan fees?
There are many reasons that a person will take out a loan. Unexpected medical costs, emergencies and potential investments are a few reasons why someone may take out a personal loan. When it comes to the area of personal loans,
What options do consumers with little or no credit have when they need money?
How can I borrow money with bad credit? Whether it’s a family emergency or a gap between paychecks, there may come a time where you need extra income and fast. Bills are past due, unexpected expenses are arising
The Risks Involved in Installment Loans and Payday Loans
Over 12 million Americans take out personal loans each year. Most individuals take out loans for unforeseen medical costs, emergency expenses, long-term investments, and many other reasons. If you can't pay for your expenses in cash or get approved for a
How Synthetic Fraud Impacts Your Online Lending Business
Ensuring that your borrowers pay back their loans is one of your highest priorities as an online lender. However, following up on payments is only possible when real clients exist. Synthetic identities are one of the fastest-growing threats to your
Keys to Success in Private Money Lending
Private money lending (known as hard money lending) involves individuals loaning out their finances to potential investors in need of capital while securing the loan with collateral. In this case, the framework enables individuals to play the role of a
Want to Grow Your Assets? Here Is Why Private Money Lending Is a Great Option
Some people only have a few they can turn to when finding themselves in financial binds or sudden crises. Medical issues not covered by insurance, vehicle repairs that are not covered by warranty; These everyday problems can be a hard
Do You Want to Increase the Likelihood of Borrower Payments?
As a lender, one of your highest priorities is ensuring that borrowers make their payments. With the help of an in-depth underwriting process and a PaaS, Insight provides insight to online lenders in the subprime lending industry. If you struggle
5 Qualities To Consider When Identifying Your Ideal Borrowers
When it comes to defining an ideal borrower, we wish there was a simple list of instructions; However, it's not that simple. The underwriting process is time-consuming and often times, not reliable. If you are uncertain about the likelihood of a