By Jer Ayles. The Business of Lending Money.
We got a “bad” letter from our bank!
15 days to find another bank for our 11 year old consumer loan business.
Things appeared grim. Our bank was “very sorry.” Something about “the people at Corporate…”
I went nuts.
“Operation Choke Point” is kaput… over… out of fashion… President Trump is in charge now,” I screamed into the phone! I couldn’t stop myself. I lost it!
Then, I went to work.
Luckily, I’ve nurtured relationships with a lot of processors over the years.
I reached out to a BUNCH of them.
Success!
8 days later we had a new ODFI and a processor with 20+ years in our consumer loan industry. (Yes, we were prepared. You gotta be in our industry. Sh$%^^&T happens 🙂
IF you’re worried about suddenly getting a horror letter from your bank or processor, REACH OUT TODAY!
My old friend offers banking and payment processing for B2C financial services employing Tribal, Offshore & State lender programs.
Get super competitive rates from an experienced Team specializing in our industry:
- Tribal, offshore and State Based Programs all over the United States
- Online and Brick and Mortar Programs
- MSB servicing
- Tribal Lending depository accounts
- Payday lending
- Title loan lending
- Signature loans
- $ push to consumer transactions
- PIN debit/EBT card processing
- ACH Processing
- Credit and Debit Card Processing
- Bank accounts (ODFI)
- RDC
- Same day funding
- Cash delivery
- Cash Pickup
- Vaulting
- Internet and storefront
- Compliance consulting
Schedule a private, personal call to discuss your options BEFORE YOU GET A “BAD” LETTER!