When it comes to building or rebuilding one's credit, a low or nonexistent FICO score has often proved to be an extremely large obstacle when applying for any type of credit lines at all. However, many smaller, non-traditional lenders are offering hope for those who need a short-term loan. Alternative risk models -- based largely on alg...
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Last month I discussed the need for your short-term lending business to embrace the age of mobile. Now I’d like to discuss what components you should consider including into your short-term or payday lending mobile strategy. Your mobile phone short-term/payday lending website or application should include information pertinent to ...
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What can you do in a payday lender storefront that you can't do with mobile phone short-term lending? I can't think of a thing! We’ve reached the age of mobile and it’s rapidly becoming an individual necessity in the 21st century. Today, it’s common for people get their first mobile phone in the 5th or 6th grade....
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The Dodd-Frank Act does not specifically spell out what changes the Alternative Finance Industry can expect. Since one of the bureau's main objectives is to study, the Alternative Finance Industry can expect to be reporting to the agency.
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