Cash America – people need responsible Cash Advances
According the AP, Pawnshop operator and cash advance provider Cash America International Inc. boosted its second-quarter guidance Monday. Cash America said it now expects to post a second-quarter profit of 62 cents to 64 cents per share, up from previous guidance of 51 cents to 54 cents per share.
The Company says its online cash advance product offering posted strong revenue growth and lower-than-expected loan losses.
This is to be expected as more and more people will need responsible Cash Advances as we see more and more of the underbanked population continue to be hit be high gas prices, and economic uncertainty.