Cash Store Financial Services Inc CSFS

A few questions....

[torontoguy1972]

I appreciate the insider discussion here. Suck that you guys are in this situaion. However, a few questions:

1.  With Ontario essentially shutting down, can you see the competition sniffing around your stores - possibly offering to take over existing leases and simply change the name?

2.  Are Cash Store's rates at the same level as Money Mart and Cash Money? Any reason, other than the personal relationships that were mentioned, that a customer would stick with one company over another?

3. Can CSF survive without Ontario? Can they service their outstanding debt with the remaining 65% of their stores?

4. With the current Ontario crisis, have operations changed in any of the stores outside Ontario?

Thanks for any input!

[destroyed]

Here are my thoughts 1 - the company can be bought for $1.7m and with that comes a mountain of debt. Ontario is worthless, the customer base will simply migrate over to competitors and no one new will enter the market 2 - Cash Store rates were higher, above legal limits, that's what started this mess 3 - Simply, NO. The Ontario mess will take don the entire company 4 - No idea, as I understand

[Yoshimi]

This post has been removed in accordance with Community Policy

[ataloss]

[ataloss]

No problem answer to question #1 . I in southern Ontario in a busy city am a manager - I have had 2 other payday lender companies send 2 managers into my store and blatantly ask my staff if they wanted to earn $50 per customer that we refer to them and also offered them a job with their companies. They also stood outside my storefront with pamphlets to give to my customers that were coming in to

[Yoshimi]

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[spyguy200]

Yoshimi....all I can say is Thank you!!! Cause anyone who says that their experience is pother than this is a bold face liar!!!!

[ataloss]

ummm money mart does charge interest, what I posted was copy and pasted from their site!! Thy charge 56% and if a person is in default they then charge 60%.