Mexican Billionaire Buys Advance America, Premier Payday Lender In U.S.

Mexican Billionaire Buys Advance America, Premier Payday Lender In U.S.

Mexican Billionaire Buys Advance America, Premier Payday Lender In U.S.

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Mexican billionaire Ricardo Salinas Pliego is beginning for business in to the U.S.: their Grupo Elektra announced Monday morning its effective purchase of Advance America??“the biggest lender that is payday the U.S.

Stockholders authorized the $780 million cost Grupo Elektra for sale in February, a figure including all outstanding stocks concerning the company this is certainly american payment bad credit installment loans concerning the organization??™s obligation that is financial. You will observe no instant modifications to your company that is us operations, and CEO Patrick O??™Shaugnessey has made a decision to stay glued to board, claims Elektra spokesman Daniel McCosh.Continue reading