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Payday Loan Business > Payday Loan Collection Ideas


1) Payday Loan & Check Cashing Collections

The payday loan and check cashing operations are collections businesses. If you're interested in entering these industries but are concerned about collection issues you need our Collections expertise. And if you're already in check cashing or payday loans, chances are very good you need some help.

Our "Payday Loan & Check Cashing Collections Chapter" was written by the principals of two companies having a combined 30 years in the business.

Starting a payday loan internet businessOur "Payday Loan Bible" contains an entire chapter devoted to "Collections." It covers both the Internet and stores. Topics include the newest identification validation services, software, tactics, strategies, developing your own operations manual, back-end and front-end procedures, outsourcing your debt, working your debt in-house, selling your debt and much more. Inside our "Collections Chapter" for Payday Loan Operators and Check Cashing you'll find virtually all topics discussed, including outsourcing, selling and working your bad debt.

"Payday Loan & Check Cashing Collections Chapter":

  • General Overview
  • The Pre-Approval Process
  • Telephone Tactics
  • General Tactics
  • Exhibits
  • ID Verification & Steps to Fraud Prevention
  • Check Cashing Tactics
  • When the Loan is Due or the Check is NSF
  • The FDCPA
  • A Typical In-House Approach
  • Collection & Record Keeping
  • Check & ACH Collection Systems
  • Collection Letters
  • Collections Bibliography
  • Check Guarantee Programs
  • Selling Your Debt
  • Check-a-Check
  • Payday Loan Verifications
  • Check Cashing
  • Resources
  • Final Thoughts

WE guarantee if you implement our strategies and techniques your collection results will improve a minimum of 30%!

Our "Payday Loan Bible" includes all of the tactics and strategies we have learned by operating our own stores and Internet operation, consulting with our clients the past 15+ years, and attending seminars and symposiums at OLA, FISCA and CFSA conventions since 1998.

Click here to order "Payday Loan Bible"
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