Dollar Financial To Buy Dealers' Financial Services

(Comment on this article at http://www.financialwire.net/2009/10/29/dollar-financial-to-buy-dealers-financial-services/)

October 29, 2009 (FinancialWire) -- Dollar Financial Corp (NASDAQ: DLLR) said it has entered into an agreement to acquire Dealers' Financial Services, LLC.

Lexington, Kentucky-based Dealers' Financial provides services to military personnel who obtain auto loans in the United States made by a third party national bank.

The company operates through an established network of arrangements with more than 545 franchised and independent new and used car dealerships, according to underwriting protocols specified by the third party bank lender and servicer.

Berwyn, Pennsylvania-based Dollar Financial is a financial services company primarily serving unbanked and under-banked consumers. The company provides a range of consumer financial products and services primarily consisting of check cashing, short-term consumer loans, pawn lending, money order and money transfer products, currency exchange, gold buying, branded debit cards, electronic tax filing, and bill payment services.

At June 30, the company's store network consisted of 1,206 stores, including 1,031 company-operated financial services stores and 175 franchised and agent locations in the United States, Canada, United Kingdom, Republic of Ireland, and Poland.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

http://www.financialwire.net

Related terms: acquisition, bank, canada, consumer, currency, dollar, financial services, ireland, kentucky, military, money, nasdaq, pennsylvania, poland, products, united kingdom, web