You know the drill. You have that burning desire to start that new business BUT you just don’t know where to begin. You’ve heard about all the dollars being made in the car title loan business but you’re unsure of exactly what steps to take to be successful. Allow us to help you. The Trihouse Team has more than 20 years experience running car title, payday loan and check cashing stores and Internet portfolios. Order our Auto Title Loan Training Bible today, read it, then pickup the phone and call 702-208-6736 for free counsel.
How to Make Money in the Car Title Loan Industry.
Step-by-Step What We Teach You.
Our “Car Title Loan Training Bible” will teach you EVERYTHING you need to know to make money in the lucrative car title loan industry. We begin with an overview of the car title loan industry in the USA and continue with a thorough explanation and analysis of every aspect of starting and successfully running a profitable car title loan business.
How to Be Successful Lending Money
Overview of the Car Title Loan Industry
How Big is the Car Title Loan Market
How Do Car Title Loans Work
Who Uses Auto Title Loans
Running Your New Business
Step-by-Step Procedures Marketing & Advertising for Car Title Loan lenders
How-to Use Craigs List
Websites & Mobile Friendly Strategies
Site/Store Selection Strategies
Tactics for Car Title Lenders
The Internet Model
Search Engine Tactics
Profits and Return on Investment (ROI)
Small Claims Procedures
GPS and Starter Interrupt Systems
How to Value Your Collateral (the vehicle)
Car Title Loan Software
Arbitration Agreements and Sample Form
Assembling Your Team
Forms and Contracts (use these to get started immediately)
VIN Numbers:Everything You Need to Know
Detecting Title Fraud
Car Facts History
Car Title Business Resources
Car Title Loan Vendors
State-by-State Laws and Legislation for Car Title Loan Businesses
A little about our team.
The team at AutomobilePawn.com actually began in 1997 in Garden Grove, California. One of our three partners had a pawn shop. We began offering payday loans and car title loans. Today, we are still focused on both of these extremely profitable niches.
For the past four years we have also offered consulting for entrepreneurs in Car Title Loans, Payday Loans, and Check Cashing. Visit our Blog for our latest insight, strategies and crusades.
Help and Support
If you have questions about any of these businesses, shoot us an email or simply call us at 702-889-9555. We are happy to dicuss these businesses with you. Talking to both experienced and newbies is a tremendous learning opportunity for us! Let Trihouse Enterprises Inc. help you. Our team has more than 20 years experience with auto title loans, Payday Loans and check cashing. Order Our Car Title Loan Manual today, read it, then pickup the phone and call us for free counsel.
Need more info? Have a question?
Click Here: Order Our Car Title Loan Manual
Available immediately in Adobe Acrobat or invest in the printed and shipped version
Don’t struggle. Earn big profits in the car title loan industry. Let us jump-start your efforts. Learn from us! Let us train you. Invest Now!!
Car Title Loan Business Profits & Frequently Asked Questions
Our “Car Title Loan Training Bible” (300 + pages) (Order Now) includes a chapter on every aspect of starting a car title loan company.
Frequently Asked Questions About the Car Title Loan Businesses:
Can I really start a car title loan business with this “Manual?”
Yes. Read it… study it… call us (702-208-6736) or email Help@AutomobilePawn.com with any questions.
Does the “Manual” include sample contracts?
Yes, we have every state and several Canadian province documents & contracts.
Does the “Bible” provide me with car title software management vendors?
Yes, we include a thorough chapter discussing car title loan software issues and a list of software loan management software companies. This chapter will save you at least a couple of hours on Google trying to track down software companies with specific car title lending solutions already in place!
How much money can I make offering car title loans?
This depends on your state/province. 9%+ interest per month on the loan principal is typical. In some locales 25% – 30% gross per month is achieveable. If you loan $1000 for 30 days, you’ll receive $90 to $300 in fees PLUS your original loan principal of $1000. Typically, you’ll repo less than 3 out of 100 title loans.If you’re unsure,call a few car title loan companies in your area and ask. Of course, if you plan to implement one or more of the more creative models such as the choice-of-law, tribe, internet… you could conceiveably earn more.
What about defaults?
If you choose to fund a car title loan customer simply because they can fog a mirror, you’ll experience defaults. If you follow our recommendations as discussed in our “Bibl,”, a default rate of less than 5% is realistic; even lower default rates are achieved by us and more than a few of our clients. The key to success in car title lending is to properly value the collateral – car, motorcycle, RV, boat… – and not “over-leverage.”
Why should I trust Trihouse to teach me the car title loan business?
Our team has more than 20 years experience with car title loans, payday loans and check cashing. Click Here to Order our “Title Loan Training Bible” today, read it, then pickup the phone and call us (702-208-6736) for counsel.
If I order the Adobe Acrobat version available for immediate download, how will I receive my state/province documents and files?
Within 2 business days, we’ll email a link to a private File maintained just for you at ShareFile.com.
Available immediately in Adobe Acrobat or invest in the printed and shipped version Need more info? Have a question? Help@AutomobilePawn.com
Here’s a few compliments made by entrepreneurs who have invested in our “How to Start or Improve a Car Title Loan Business.” This is by no means all of them. In addition, our CEO and Founder has been referenced as an expert in the industry by The Wall Street Journal, Bloomberg, The New York Times and many, many more.
The “Manual” is great for information and to get your started. Most of all, you have a direct line for information. Money well spent. Thank you Trihouse. Ken W.
I have received all the files now. FYI: The Manual has been an outstanding informational read. Worth every dollar! Thanks again, Ryan O.’.
Many states and provinces have specific car title loan laws prescribed by statute. We have copies of contracts and statutes you may use in your car title business. We ship the appropriate state forms FREE with our “Car Title Loan Manual” (300 + pages).
Your quickest method for finding out about the laws and licensing in your state or province? Not sure if they’re legal where you plan to operate? Call a competitor. Tell them you want a car tile loan… If there are no car title lenders in your state/province, there is a reason. Usually it’s because the rates allowed by your regulator are set too low by law. Thus, the only car title loan lenders offering this service to residents are doing it via the Internet, offshore or tribes. For more on this topic , visit our Blog or invest in our “Car Title Loan Manual.”
States Having Specific Car Title Loan Regulations and Laws:
Car title loans are legal in the following states, with caveats. Fee and interest rate limits are noted here, but some states also impose limits on the loan principal, the length of the repayment period, and how refinancing “reacts” are addressed. Car title loans are in a constant state of flux.
Alabama: 300% APR
Arizona (204% APR on first $500; 180% on the next $2,000; 156% on the next $2,500; 120% on the remaining balance)
California: loans over $2,501 are not subject to small-loan limits. You’ll need a CFL license.
Florida: 30% APR [If you want strategies for offering car title loans in Florida, we know how to achieve 90%+APR’s!]
Georgia: 300% APR for the first three months; 150% thereafter; lien fee
Illinois: loan maximum of $4,000 and monthly payments not to exceed 50% of the borrower’s gross monthly income
Kansas: considered open-end credit lines.
Louisiana: loan principals above $350 and exceeding 60 days are not limited.
Mississippi 300% APR
Missouri: a simple “merchant license” required.
New Hampshire 300% APR; lien fee
South Carolina: title loans above $600 are not subject to small-loan limits
Tennessee (cost is limited to 1/5 of loan amount plus 24% APR)
Texas (120%+ APR)
Virginia (264% APR on first $700; 216% on next $700; 180% on remaining balance; lien fee)
Order Study our Car Title Loan Training Manual (300 + pages) today, then pickup the phone and call us for free counsel.
Click Here to Order Our Car Title Loan Manual as an immediate download or our printed version
Available immediately in Adobe Acrobat or invest in the printed version and we’ll pay the shipping for you.
A few states have passed legislation limiting the loan principal, percentage of income a borrower can devote to their payment, financial education program participation, monthly loan principal pay downs, whether proceeds of a repossession must be refunded to the borrower…
AGAIN: Your quickest method for finding out about the laws and licensing in your state or province? Not sure if they’re legal where you plan to operate? Call a competitor. Tell them you want a car tile loan…
If there are no car title lenders in your state/province, there is a reason.