Dollar Financial Group
|Industry||Financial services and Retail|
|Key people||John Grayken|
|Products||Loans, Pawnbroking and Jewellery sales|
|Parent||Lone Star Funds LLC|
Dollar Financial Group, Inc. (DFG) is a US-based financial services group with over 1000 locations in seven countries. It focusses on low-income or bad-credit consumers, providing short term loans (payday loans), pawnbroking and gold buying services. DFG's brands include Money Mart (Canada), The Money Shop (UK and Ireland), Loan Mart, Insta-Cheques, and We The People. The group recently acquired Suttons & Robertsons.
In 2009 DFG was the largest provider of payday loans in the United Kingdom, with around a quarter of the market. In February 2011 DFG additionally acquired the largest British internet payday lender, Month End Money (MEM) (including the brand PayDay India) for $195m, and suggested The Money Shop's network could grow from around 350 shops to around 1200.
The company was previously known as "Monetary Management Corporation", changing its name in 1990.
- DFG, DFG
- BusinessWeek, Dollar Financial Group Inc.
- Marie Burton, Consumer Focus, Keeping the plates spinning: Perceptions of payday loans in Great Britain
- BusinessWire, 1 April 2011, Dollar Financial Corp Consummates Previously Announced Acquisition of Purpose U.K. Holdings Limited, (MEM), the Leading Provider of Internet Loans in the United Kingdom
- The Guardian, 11 February 2011, US payday loan firms plan rapid expansion in cash-strapped Britain