Cash America 1999 Annual Report Download - page 6
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As communities throughout the world
conclude 1999 and enter the next millennium,
Cash America International, Inc. stands ready
to continue to serve the needs of people
seeking loans through the most basic form of
lending. Small, secured, non-recourse loans to
individuals have been documented to exist over
two thousand years ago. Entering the year
2000, Cash America is the world’s largest
provider of such loans. As the market leader,
Cash America will continue to be an innovator
to bring superior customer service and
financial alternatives to people in need of
short-term capital.
Cash America was founded in 1984 in
Irving, Texas, and expanded through
acquisitions and newly developed lending
outlets to its present size of 477 locations with
424 locations in 16 states in the United States,
42 locations throughout the United Kingdom
and 11 locations in Sweden. Cash America’s
leadership position in the industry has been
built on the principle of customer
service and supported by the
greatest number of lending outlets
with the broadest geographic
footprint. Cash America has
utilized homegrown lending
principles and proprietary
computer systems to expand
lending opportunities beyond
the reach of traditional pawn
lenders. Computer programs
provide shop managers with
a simple-to-use tool to guide
lending activities, which are
supported by sophisticated statistical
models to maximize the amount
available to a customer based on the
characteristics of collateral.
Lending Operations
Cash America operates
a centralized jewelry
center to refurbish all
jewelry items before
resale.