DFC international, the American holder of cash advance lender cash Shop, provides place the business on the market due to the fact organization shifts focus through the progressively regulated payday loans company in britain.
Payday Lender The Money Shop For Sale Due to a€?Tough Timesa€?
Although DFC international claims they gotten a bid approach offer from an unnamed suitor, the business additionally acknowledges that cash Shop has-been facing difficulties within the last couple of years now.
The present crackdown on rogue UK cash advance loan providers and tightening regulation provides forced DFC Global to reconsider taking part in great britain pay day loan business. Since buying the Money Shop in 1999, DFC worldwide features shut all the way down a lot more than 50per cent of its stores in the UK prior to now year or two as the providers searches for ways of coping in an ever more tough companies atmosphere.