NYSE, AEA - Advance America Cash Advance Centers
We are the largest provider of payday cash advance services in the United
States, as measured by the number of centers operated. As of December 31, 2006,
we operated 2,853 centers in 36 states. We do not franchise any of our centers.
Payday cash advances are small-denomination, short-term, unsecured advances that
are typically due on the customer?s next payday. We focus primarily on providing
payday advance services to middle-income working individuals and do not provide
pawn lending, title lending or similar services. During 2006, we began offering
customers in Pennsylvania the Advance America Choice-Line of Credit product. We
previously marketed, processed and serviced installment loans made by lending
banks under our former agency business model, and during 2006 we began offering
installment loans directly to customers in Illinois. In the fall of 2006, we
introduced a prepaid debit card as an additional product in our centers. ...
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