Dollar Financial Group

Dollar Financial (Lone Star Funds LLC)
Subsidiary
Industry Financial services and Retail
Founded 1979[1]
Headquarters Berwyn, Pennsylvania,
United States
Area served
 international
Key people
 John Grayken
Products Loans, Pawnbroking and Jewellery sales
Parent Lone Star Funds LLC
Website dfg.com

Dollar Financial Group, Inc. (DFG) is a US-based financial services group with over 1000 locations in seven countries.[1] It focusses on low-income or bad-credit consumers, providing short term loans (payday loans), pawnbroking and gold buying services.[1] DFG's brands include Money Mart (Canada), The Money Shop (UK and Ireland), Loan Mart, Insta-Cheques, and We The People.[2] The group recently acquired Suttons & Robertsons.

In 2009 DFG was the largest provider of payday loans in the United Kingdom, with around a quarter of the market.[3] In February 2011 DFG additionally acquired the largest British internet payday lender, Month End Money (MEM) (including the brand PaydayUK) for $195m,[4] and suggested The Money Shop's network could grow from around 350 shops to around 1200.[5]

The company was previously known as "Monetary Management Corporation", changing its name in 1990.[2]

References

  1. ↑ 1.0 1.1 1.2 DFG, DFG
  2. ↑ 2.0 2.1 BusinessWeek, Dollar Financial Group Inc.
  3. ↑ Marie Burton, Consumer Focus, Keeping the plates spinning: Perceptions of payday loans in Great Britain
  4. ↑ BusinessWire, 1 April 2011, Dollar Financial Corp Consummates Previously Announced Acquisition of Purpose U.K. Holdings Limited, (MEM), the Leading Provider of Internet Loans in the United Kingdom
  5. ↑ The Guardian, 11 February 2011, US payday loan firms plan rapid expansion in cash-strapped Britain