OCCC releases CAB Quarterly Report data for 3rd Quarter 2016

by The CAB Man Texas on December 5, 2016

 

The OCCC has released the CAB Quarterly Report data for 3rd Quarter 2016 – some of the highlights are below!
  • The average Payday Loan was $439 for single pay transactions and $557 for installment loan transactions.
  • The average Title Loan was $1,230 for single pay transactions and $1,008 for installment loan transactions.
  • The average CAB fee for Payday Loans was about $24 dollars per $100 borrowed on single payment transactions and $166 per $100 borrowed on installment transactions (which is about $14 per $100 every 14 days).
  • The average CAB fee for Title Loan was $17.13 per $100 borrowed on single pay transactions and $88 per $100 borrowed on installment loan transactions (which is about $17 dollars per 30 days).
If anyone is interested in looking at the reports for a specific Metropolitan Area such as comparing Dallas versus Houston or El Paso to Austin, that information is available in the “MSA” report see below!
This blog post was written by Michael Brown, President of CAB Consulting and the Texas Organization of Financial Service Centers.  He can be reached at 214-293-8676, or Michael@CreditAccessBusiness.com.

 

Leave a Comment

Previous post:

Next post: