United states of america Alternative Financial Services Marketplace Research: Always Check Cashing, Pawn Shops, Payday Advances, Rent-to-Own Stores & Cash Transfer Solutions

United states of america Alternative Financial Services Marketplace Research: Always Check Cashing, Pawn Shops, Payday Advances, Rent-to-Own Stores & Cash Transfer Solutions

This updated analysis examines the controversial « alternative economic services » sector – a $36 billion company made up of fragmented and loosely regulated check cashing and cash transfer solutions, pay day loan solutions, pawn stores and rent-to-own shops. These retail and outlets that are online the « unbanked » section for the U.S. populace. A lot of companies are content to just accept the business enterprise of customers with spotty credit documents who require money fast, and who’ve been refused by banks–the 12+million households that choose to not utilize conventional banking institutions.

There are about 12,000 check cashing shops, 14,000 pay day loan outlets, 800,000 cash transfer agents, 11,000 pawn stores and 10,000 stores that are rent-to-own with this company today. Read more…