Advance America takes next step with sale to Grupo Elektra, SA: Advance America reported that the 45-day “go-shop” period, a regulatory procedure whereby a company offers to hear alternative purchase proposals, had passed without the reception of other bids.

Bank of America may be selling invalid debts to collectors: American Banker reports (more…)

Dollar Financial reports that it has secured a renewal on its current line of credit. In an announcement dated December 30th, Dollar (ticker: DLLR) said that the new line will afford it more flexibility and on favorable terms.

The $200 million line is offered by a syndicate and facilitated by Wells Fargo. The line can be used (more…)

BillFloat, a Bay Area startup, has a new unsecured credit service that pays bills for consumers without directly advancing cash into their pockets.

ABC News/USA Today recently mentioned the company among a variety of new options out there to help people get options beyond payday loans. While (more…)

Community Choice Holdings, the parent company of payday lender Check$mart, says that it will seek to make an initial public offering of its stock.

The news gives a glimpse into the operations of the company. Check$mart says that prepaid “is one of our fastest growing businesses.” They have 95,000 prepaid accounts. Although the application form for the prepaid card does not (more…)

World Acceptance Corporation (more…)