Tag: Cash America


Payday Loan Profits – Cash America Coninues to Grow and Prosper

The Associated Press ran another story this A.M. regarding the purchase of 39 pawn shops by Cash America International Inc.

Their headline reads:
Cash America buys pawn shop chain for $70M

They went on to write, “Cash America’s first-quarter profit rose 34 percent on a revenue increase of 17 percent, helped by higher revenue from its cash advance business.”

So… the big, sophisticated guys and, from what we hear, many of the small players operating under the radar, continue to expand to increase market share and to achieve record profits. It appears they’re certainly not sitting on the side lines at this juncture in the economy.

Read the original Article here:
Cash America continues to grow and prosper…


Advance America Takes it in the Shorts in New Hampshire

There’s a new update regarding payday loan legislation in New Hampshire over at PaydayLoanLegislation.com

Bottom line, Advance America’s new payday loan styled product is not gonna fly. Of course Advance America plans to appeal the ruling by the New Hampshire banking commissioner so we haven’t seen the end of the creative genius at Advance America.

We wish them the very best of luck!

Consumers need all the choices that can be made available in an effort to provide multiple financial product selection at competitive prices.