Payday Loan Sharks Eat Their Young-We're All Swimming to the Last Life Preserver!
Published: Sat, 02/08/14
processor in this environment? Shhh... hush-up, man! Hold your
cards close to your vest.
Your Team figured out a unique strategy
for on-boarding a narrow demographic? You figured out a way to
offer collateralized loans in a virtual world? Your analytics guys
determined loans to zip code 48202 result in a 96% 1st time default
rate? Don't blab your mouth off in the bar at the next OLA
convention.
You want to survive this intense media, regulatory and
consolidation reality we're facing today? You gotta
"secret sauce" that's working for you; at least for
the time being? Shut the F%&^&*K up! Tactics working for
you today, strategies enabling you survive this shitstorm we're
currently treading water in, whatever "magic sauce"
you've got working for you to survive the next 12 months, need
to be kept on the down-low.
Tell Ep... your screwed! TranD
you're dead meat. Infinn... fugetaboutit!!! PW? you'll die
the death of a thousand knives. Your lead aggregator? Sell your ass
down the river! Consultants? You might as well run a super bowl
commercial that reveals your insides.
I hate this metaphor but...
Read Online:
http://paydayloanindustryblog.com/payday-loan-sharks-eat-their-young-were-all-swimming-to-the-last-life-
preserver/
it's all I've got: We're like a school of sharks ALL
swimming to the same life preserver. Not a pretty site! It's
ugly and its raw.But, it's the reality we're currently in.
As I my old friend and lunatic partner, 1-eyed jack used to tell
me, "You're either prey or your the perpetrator." And
the prey die an ugly, lengthy, painful death. You don't want to
be prey! So... find your collaborators. Keep them close and your
enemies closer.
Bring it all "in-house." Don't get
toasted in the bar at CFSA and blither away the wealth of knowledge
and collaborators you've hammered together. Get through this 6
months of pain and you'll be rockin-and rollin again. I
promise! Scream, hug, call me the new wizard or set my wings on
fire but at least I'm sticking my neck out there and trying
hard to figure out our new end game is. Who wants to help? Who among
us comprendos that 40M+ U.S. borrowers want our stuff! NOW! The
good old days are done@ Time to embrace the tech, twitter,
pinterest, facebook, Buber, Paytoo, Dwalla, zest, wonga... See the
future or you will not be part of it. Of course, there may always
be pot, e-cigs and bitcoins! All aboard... Give me some shitzke:
Jer@TrihouseConsulting.com http://www.PaydayloanUniversity.com
Got a store for sale? Want to buy? Portfolios to dump? Call 702-208-6736