Cash America is flush with cash. The instant payday loan and pawnshop operator reported strong growth in its cash advance operations, along with increases in its pawn business, thanks to an influx of new customers.
While payday loan reform is gaining momentum is states such as Oregon, companies that specialize in these cash advances are still seeing significant profits.
Numerous companies in need of financing have turned to a specific group of investors who are both flush with cash to provide whem with assistance: the nation’s hedge funds and their more than $1 trillion in assets. Many of these 8,000 or…
For the first time in its history, My Payday Loan held its first customer survey. One hundred customers were asked for their comments on the cash advance business.
Another state has tightened up restrictions on payday loans - so much so, cash advances may not even exist in North Carolina anymore. The three major payday loan lenders still operating in there are about to close their doors for good.