First Cash to get money America for $994 Million in Pawn contract

First Cash to get money America for $994 Million in Pawn contract

First Cash Financial solutions Inc. decided to purchase money America Overseas Inc. for around $994 million in stock in a deal to create together two of this biggest retail pawn store operators within the U.S.

Thursday first Cash, based in Arlington, Texas, will pay 0.84 of its shares for each Cash America share, the pair said in a statement. Read More

After Colorado ended up being hailed as a model that is national payday advances

After Colorado ended up being hailed as a model that is national payday advances

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Raise up your hand because they borrowed against their future paychecks at rates that can hover into the triple digits if you feel it’s unfair for working class folks to get sucked into a cycle of financial woe?

Or what about this: increase your hand it’s unfair that a business operating within Colorado’s law should wake up one day to find that the rules have changed and it’s no longer profitable to loan money to people who really seem to need it if you feel?

They are the psychological appeals made by opposing edges of Proposition 111, which asks voters to restrict interest levels on payday advances. A straightforward bulk wil dramatically reduce the full total price of the mortgage up to a 36 percentage rate that is annual. Read More