Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Kansas Payday loan company shuts down operations in North Carolina

« Non-profit Credit Counseling - how much is no profit? | Main | Mortgage rates are looking to rise »

September 29, 2005

Kansas Payday loan company shuts down operations in North Carolina

QC holding, the first ever publicly traded payday loan company said it would be closing all 19 of its stores in North Carolina before Dec. 1

The Kansas based payday loan company operates over 400 stores in 23 states. It offers check cashing services, title loans, money orders and money transfers. But the bulk of the earnings comes from payday loans.

While the Carolina stores constitute less than 5% of the total store number, the closure signifies the growing troubles, payday loan companies are facing nationwide with more state and local governments looking for increasingly tough measures to curb their lending practices that many consider predatory.

Email this entry to a friend

Welcome

Bad Credit Advisor online magazine provides daily news about credit, debt and mortgage. We aren't paid to mention specific deals or products. We cover what we think is interesting as industry professionals ourselves.

Information

About
Contact
Disclaimer

Syndicate

RSS 2.0 Feed