Le LÚzard
Classified in: Business
Subject: SVY

/C O R R E C T I O N -- ChoiceCash Title Loans/

In the news release, ChoiceCash reports title loan demand by US Census Region and Division, issued 14-Jun-2024 by ChoiceCash Title Loans over PR Newswire, we are advised by the company that the link in the first paragraph for "released data" has been updated. The complete, corrected release follows:

ChoiceCash reports title loan demand by US Census Region and Division

VAN NUYS, Calif., June 14, 2024 /PRNewswire/ -- ChoiceCash, a leading title loan brand offering auto equity loans to subprime borrowers in more than 20 states, has releasedádata on regional title loan demand, based on loans originated between January and May 2024.

Based on credit extensions during the first 5 months of 2024, ChoiceCash is reporting the strongest demand from borrowers residing in the Southern United States, which accounted for approximately 62.5% of loans, followed by the Midwest region with 24.5%, and the West region at 12.5%.

Within the Southern region, the South Atlantic Division was responsible for almost 60% of loans, with Miami, Virginia Beach and Charlotte composing the top 3 contributing cities.

For the Midwest region, the majority of loan production was attributable to the East North Central Division with an 86.5% share of loans. Detroit, Cincinnati and Indianapolis made the top 3 list of cities for title loan production, contributing between 3.5% and 4.0% of loan volume in the division.

About ChoiceCash:
ChoiceCash is a vehicle-secured loan option for borrowers from all walks of life. Serving customers in more than 20 states, ChoiceCash has grown to be a premier funding option, with more than a million loan inquiries processed.

The ChoiceCash loan is made by Capital Community Bank, a Utah Charted bank, located in Provo, Utah, Member FDIC. All loans will be serviced by LoanMart. Loan proceeds are intended primarily for personal, family and household purposes. All loan applications are subject to meeting Capital Community Bank's credit criteria, which include providing acceptable property as collateral. Customers need to demonstrate ability to repay the loan.

Contact information: [email protected]

SOURCE ChoiceCash Title Loans

These press releases may also interest you

at 04:10
Minimum Deposit Casinos (MDC), a premier online resource for casino enthusiasts, is delighted to announce the successful completion of its comprehensive website redesign. Initiated in May, this ambitious project has seen the migration of all pages...

at 04:00
Wirex, the leading Web3 money app, and Visa, a world leader in digital payments, are thrilled to announce a partnership to further the use of digital currencies in the UK and the European Economic Area (EEA). This collaboration will explore new...

at 03:28
A news report fromáchinadaily.com.cn: China's policymakers are gathering in Beijing on Monday for an epoch-making meeting to advance the nation's reform and opening-up, amid high expectations that key steps will be introduced to further energize the...

at 03:00
Yarooms, the creator of workplace experience software, is launching a beta version of Yarvis, the AI-powered workplace assistant set to revolutionize team interactions with their workspaces. Yarvis embodies the latest advancement in workplace AI,...

at 02:58
Ericsson and OPPO have signed a multi-year global patent cross license agreement. This agreement includes a cross license covering patents essential to standards for cellular technologies, including 5G. OPPO, a leading smartphone vendor with...

at 02:45
Haier Europe Appliances Holding B.V. ("Offeror") is providing all shareholders of Purmo Group Plc ("Purmo" or...

News published on and distributed by: