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Cash Advance
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Pawn shops are cashing in on the profitable business of extending unsecured credit against credit-card accounts and payroll pay checks. Those in need of emergency cash 'now' or overnight are seeking the quickest online and home-town services making no-fax quick and easy loans. They are willing to pay high-dollar fees and interest rates (APR) to fast lenders of instant interim financing.
Some high risks are involved but lending to select groups like the employed and the military limit loan losses. Companies making urgent cash or payday advances have little capital invested.
The most popular locations today for lending stores or centers are San Diego, Dallas, Atlanta, Chicago, Washington DC, Michigan, Houston, Jacksonville, Virginia, Georgia and Raleigh.
Businesses operating nationwide are Checkmate, Allied, AIP, American Express, MBNA, Western Union, Ace, Chase, Teletrack, Mastercard, Visa and Discover.