Nation's Large Banks now Offering Payday Loans

Nation’s Biggest Banks now offering Payday Loans to Customers

Payday Lending has become so mainstream that two of the largest banks in Nashville Tennessee have begun offering Payday Loans to their customers. Its true. Us Bank and Fifth Third now have Payday Loan programs for their customers and offer a 35 day payday loan to selected customers who have direct deposit paycheck accounts, and no credit check is required. The loans have an annual percentage rate of 120 percent, or a 10 percent fee. Short-term loans like these obviously have a higher rate of credit than longer-term loans More »

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Who is the Online Lenders Alliance?

According to the Online Lenders Alliance website, the organization has been around since 2005, when it began working on behalf of the companies involved with the online lending industry. The Organization represents a growing of U.S. based companies offering consumers short-term loans, also known by many as payday loans, cash advance loans, or micro loans.

OLA  suggests that with more and more companies offering these short term loans, many industry people became very concerned that there was potential for lenders to not act in good faith. OLA was formed to protect the industry against the potential challenges posed by inept lenders. More »

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Payday Loan Lender Success Tips

Leadpile provides the most powerful engine for lenders ever made available. In today’s market, the payday lenders must seek the most efficient marketplace in order to decrease their cost per acquisition, and manage their business growth.

Leadpile’s Centralized Online Exclusive Lead Marketplace / Lead Exchange will place your organization in total control of your Payday Lead purchasing Program. Our goal is to increase your funding rate and decrease the default rate, by having all the resources to generate leads in house, control the affiliates and the traffic source. Being one of the few main sources of payday leads online, we have provided top notch service to nationwide lenders for over 7 years.

• Efficient Screening and Filtering process drives conversions up and waste down
• Enjoy total control over your lead pricing and daily volume
• Buy directly from lead producers: Leadpile is not a lead aggregator or re-seller
• Multiple Lead Sellers compete to provide you the best leads
• Multiple campaigns with multiple Lead Sellers give you power to select leads from those sellers providing you the best leads and the lowest prices
  

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