Revisiting Payday Loan Stocks Facing the Wrath of the new Consumer Financial ...
Obama’s new consumer “protection agency” could mean more trouble for payday loan stocks like QC Holdings (NASDAQ: QCCO ) and DFC Global Corp (NASDAQ: DLLR ) while having little impact on Canada based The Cash Store Financial Services (NYSE: CSFS ) . In fact and in a lengthy Reuters article , it was reported that more than a fifth of US payday stores have closed since 2006 and that storefront loan volume has fallen by more than a third since 2007. And now payday loan lenders fear that Obama’s new Consumer Financial Protection Bureau could bring about a whole new flurry of regulations that strip what’s left of any profitability for payday loan stocks while letting online competitors, some based offshore and completely unregulated, to flourish. Hence and in light of these trends, will payday loan stocks QC Holdings (QCCO), DFC Global Corp (DLLR) and The Cash Store Financial Services (CSFS) offer a good payday for investors or traders? Here is a revisit to a previous article to help you decide:
QC Holdings (NASDAQ: QCCO)
QC Holdings provides short-term consumer loans from over 500 locations in the US. At the end of 3Q2011, QC Holdings reported that it was “carefully evaluating” the potential of several branches – especially in states where legislative changes are significantly harming long-term viability. Specifically, QC Holdings was testing alternative products in the states of South Carolina and Virginia to help determine whether to keep their locations there open or to shut them down. Otherwise, investors should be aware that QC Holdings’ revenues of $188,088 (2010), $207,034k (2009) and $227,745k (2008) as the economy was tanking along with net income showing a mixed trend of $11,943k (2010), $19,829k (2009) and $13,579k. On Wednesday, QC Holdings fell 0.12% to $3.35 (QCCO has a 52 week trading range of $2.50 to $5.
pay day loans investors - News
Payday loans are common amongst consumers who don't have the credit to take out a standard loan through a bank. Payday loans shops allow users to pay a fee to borrow a certain amount of money. For example, a consumer will on average pay $60 to borrow
Hence and in light of these trends, will payday loan stocks QC Holdings (QCCO), DFC Global Corp (DLLR) and The Cash Store Financial Services (CSFS) offer a good payday for investors or traders? Here is a revisit to a previous article to help you
It provides collateralized non-recourse loans, commonly known as pawn loans, and a variety of short-term consumer loans, including payday loans, installment loans and auto title loans, or fee-based credit services to customers seeking loans.
He recommended this month that agency debt investors favor the bonds of the Federal Farm Credit Banks and Federal Home Loan Banks over Fannie Mae and Freddie Mac after the government tapped the two mortgage companies to pay for last month's extension
According to a 2011 article in the Nashville Ledger, payday loans have become a $42 billion-a-year industry. Based in Las Vegas, Nevada, Ideal Financial Solutions ( http://www.idealfsi.com ) provides the education, support and automated tools to create
SimpleRNA: ZestCash Loans, Better Than Payday Loans at 365 ...
ZestCash is an online lender that provides small loans for a few weeks, at very high interest rates. It targets people who are in dire need for cash and cannot get cash through other sources. The borrower applies online and selects their amount (up to $800) and payback period (up to 8 months). Often they get instant approval and cash (borrower is required to have a checking account and a source of income).
Pay day loans investors 
Loan Agency, Pay Day Loans in North Augusta SC 29841