Cash America 2001 Annual Report Download - page 7

Download and view the complete annual report

Please find page 7 of the 2001 Cash America annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 40

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40

5
customers better, and it functions as an
effective business tool. By linking every
location throughout the United States, Cash
America management can monitor and control
lending, while addressing changes in
identifiable trends in the value of collateral
items. These systems allow Cash America’s
customers to receive the best value for
items used as collateral to meet their cash
needs while maintaining consistency in
lending practices.
Another innovation has been the
increased popularity of short-term cash
advances to customers. This product is
designed to meet the borrower’s need for cash
in the short period of time before the next
paycheck. These cash advances are unsecured
and are based on the customer’s promise to pay,
specified credit criteria and a personal check
representing the amount due at maturity.
Consumer demand for this cash advance
product has been strong and Cash America
intends to meet this demand in a professional
manner. Cash America personnel throughout
the United States are well versed in this cash
advance product available in 386 locations as
of year-end 2001.
The hard work and innovative thinking of
over 3,000 employees worldwide help keep
Cash America the leader in the marketplace.