British Columbia, Canada – The B.C. government has recently instilled new payday loan laws that will impact borrowing fees, rollover loans, and grace periods. BHM Financial Group is offering payday lenders a way to profit despite these new laws.
New legislation proposed by the government of B.C. states that payday loan companies will no longer be able to administer rollover loans. This places payday owners at a great disadvantage relating to outstanding loan debts.
BHM Financial Group is now offering some relief to payday owners in B.C. by providing them with a solution to these recent legal alterations. Payday facilities can now offer their clients BHM Financial car title loans.
Due to the new laws that the B.C. government has instilled to regulate rollover and borrowing fees, payday loan companies are finding themselves stuck with hundreds of dollars in outstanding debt. The companies are losing revenue because these new laws leave them unable to charge for this debt. By offering BHM Car Title Loans to clients with outstanding debt, BHM Financial Group will in fact be paying out their outstanding loans. Storeowners will see the loan paid back in full and stand to increase their profits. In addition to these benefits, BHM is offering a 10% commission incentive for loans referred by a payday lender.
BHM Financial Group provides installment loans to all of their clients. Loans are paid back in monthly installments of interest and capital, with a loan term of 1-4 years to suit the needs of the clients. Since loans are completely paid off at the end of the loan term, no rollovers are necessary. Additionally, debtors will be happy to learn that BHM loans are provided at lower interest rates than those charged with a standard payday loan. Payday facilities that take advantage of BHM’s car title loans will be able to turn lost profit into additional profit by offering clients an alternative to rollovers, and by offering larger loan amounts.
In addition to resolving the issue of these new government limitations, facilities that choose to present their clients with BHM’s car title loans will earn up to 10% commission per loan. These secured loans allow payday owners to offer clients larger loan amounts of up to $10,000 per loan. Some additional benefits to payday lenders are that BHM will fund car title loans, collect loan payments, and handle all loan documentation leaving little to no effort on the part of the payday lender.
BHM Financial Group is expanding this program throughout Canada and is currently accepting the registration of additional Payday lenders. For more information about the affiliate program, or BHM Financial’s car-title loans, they can be found on the web at http://www.bhmfinancial.com.
