This enables you to spend more time with your family. Company Details. Cash Converters Southern Africa was co-founded in 1994 when Richard Mukheibir (CEO) and Peter Forshaw (CFO) bought the licence to establish a master franchise of the Australian brand, the world leader in trading and marketing second-hand goods and now the worlds largest cash and asset converter.
Cash Converters Southern Africa purchases merchandise from customers, enabling them to have instant access to cash. Since 2007, it has also offered short term loans against a customers valuables or against their salary.
Cash Converters Southern Africa is built on a solid foundation of franchisee owner operators, guided by core values of passion, professionalism, integrity, respect and collaboration. It has already empowered nearly 100 franchisees to run their own businesses and create their own wealth. Each franchise store, in turn, provides job opportunities for an average of 12 employees, each supporting about five other people. This network of businesses is supported by robust processes and systems banks give personal loans poor credit ongoing training programmes for franchisees and staff.
How would they ensure you paid back the balance. Although a signed contract might be able to work in court, the costs of court would exceed the original amount of money you are trying to get back. What cash lending companies would have to do would be hire people to collect, in unethical ways.
The industry would become loan sharking, with people going around threatening bodily harm if the money was not paid back.
The fact that the industry relies on consumers having banks give personal loans poor credit allow it to be more regulated and not resort to being a petty crime operation. You can't regulate cash when it comes to the short-term financing industry, it's just not possible. You must belong to a bank or credit union when requesting funds. It is the only option. Payday Loan with No Checking Account.
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To protect yourself and your credit history, make sure you only accept loan terms that you can afford to repay. If you cannot make a payment on time, you should contact your lender immediately and discuss how to handle late payments. Were Committed To Service, Speed Security. Connect with a Helpful Lender. We commit to connecting you with an approved lender. We also made the process simple.