DFC Global (Payday Loans, Pawn) Borrowing $200 million at 3.25% senior convertible notes due 2017.

By | Apr 12, 2012

DFC Global -DLLR- is getting their hands on $200 million dollars at 3.25%! Yeah, the notes have a convertible feature with a 21% premium but geez Louise! My clients and I have to pay 2% – 3% A MONTH for capital to put on the street. From the Press Release: The notes will be unsecured, […]

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Tales from the Payday Loan Trenches

By | Feb 25, 2011

Bob’s two stores are netting $50,000 a month before taxes. He’s got a default rate of less than 3%. (Bob’s a little maniacal. He visits his late payers at their home! 3 years on the job are required to qualify for a loan from him.)

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Positive Payday Loan News-Wall Street Journal and CNBC

By | Jan 4, 2011

The payday loan industry received some very positive attention from wall street today! Get a copy of today’s Wall Street Journal and view CNBC’s Maria Baritromo program!

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Payday Loan Collection Scam – Vultures on the Prowl

By | Jan 30, 2010

The Kansas Attorney General, Steve Six, reports that Kansas residents are complaining about collectors calling with claims that the consumer took out an Internet based payday loan and never repaid it.

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Advance America Suffers 4 Percent Profit Loss & Loses Chairman

By | Aug 15, 2008

Payday loan Advance America management changes

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