![]() ![]() We are excited to welcome the Heights Finance team to CURO and look forward to executing together on our substantial growth opportunities.” ![]() We believe that we are well positioned to meaningfully grow our combined operations as Heights Finance offers us opportunities to expand into new geographic markets, leverage our omni-channel capabilities and cross-sell certain of our card products. The transaction brings together two complementary businesses that similarly prioritize credit, risk analytics and regulatory compliance. business and enhances our overall growth, profitability and risk profiles. “The combination diversifies the product, revenue, customer and geographic mix for our U.S. “By adding Heights Finance’s established base of customers, seasoned loan portfolio and significant branch network, we will solidify our position as a full spectrum non-prime consumer lender in the U.S.,” said Don Gayhardt, Chief Executive Officer of CURO. For the 12 months ended September 30, 2021, Heights Finance had revenue of $235 million and adjusted pre-tax income of $34 million. The acquisition is expected to accelerate CURO’s transition into longer-term, higher balance and lower rate credit products. Heights Finance primarily serves near-prime and non-prime customers through a network of 390 branches across 11 southern and mid-western states. Total consideration of $360 million is comprised of $335 million cash and $25 million of CURO common stock. and Canada, today announced that it has entered into a definitive agreement to acquire Heights Finance, a consumer finance company that provides installment loans and offers customary opt-in insurance and other financial products, from Milestone Partners, a private equity firm based in Radnor, Pennsylvania. (NYSE: CURO) (“CURO”), a tech-enabled, omni-channel consumer finance company serving non-prime and prime consumers in the U.S. Companies to host a conference call today at 8:00 a.m. Immediately accretive to adjusted earnings Diversifies product, revenue, customer and geographic mix for U.S. near-prime and non-prime customers and expands addressable market If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.Īs a matter of policy, BBB does not endorse any product, service or business.- Accelerates CURO’s transition into longer term, higher balance and lower rate credit products ![]() BBB Business Profiles are subject to change at any time. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.īBB Business Profiles generally cover a three-year reporting period. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. They don’t deserve a star but this is a most.īBB Business Profiles may not be reproduced for sales or promotional purposes.īBB Business Profiles are provided solely to assist you in exercising your own best judgment. I was so upset not was I’m super upset because now I have my bank account on the thousand negative. I called the office of Converse, Tx talked to the manager and told me it was my fault because I didn’t check the expiration date and he washed his hand blaming the Post Office of delivering the check late and many other many excuses. The first time I caught the check date of course I called them and told I just received this check but it has expired last year the “manager” told me not to deposit that I put it away for to long which it wasn’t true but I didn’t wanted to argue so I left it alone but one more time I got another check and this time I didn’t check the expiration date because I had just gotten the check and since I need it the money with out thinking on that particular detail I deposit the check because I need it the money for my surprise the check was returned and of course my account was on the negative of the amount of the check which now I’m on a bind. I received two consecutive checks for to be deposit with expiration date of a prior year. ![]()
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