Publicly traded QC Holdings is one of the largest payday lenders in the United States with over 500 nationwide outlets.
The company, which was founded back in 1984 as a one rent-to-own store,
is based in Overland Park, Kansas. In terms of expansion, they first
started to provide check cashing services in 1989, and later, short-term
loans in 1992.
Today, the firm offers a very wide range of financial consumer products from its stores, from short-term loans to check cashing, and from money orders to money transfers.
As part of the company's growth, QC became one of the very few publicly traded payday lenders in 2004, trading on the NASDAQ marketplace under the symbol "QCCO".
At the core of the company's business model are cash advances and payday loans, providing help to their customers in need of short-term financing to meet emergency and unexpected expenses.
These loans, often also called deferred deposits, are typically for small sums, for between $100 and $500. Due to the high costs of borrowing, these loans are not suitable for solving long-term money problems.
According to the data QC releases on their customers, a typical users of their short term loans have annual household incomes of $25,000 to $50,000, with families, and are satisfied with their experience with payday loan products.
To apply for a cash advance loan from QC, you need to apply in person at
one of the locations they operate in. You can find the nearest branch
to you using the "Store Finder" tool, available from the official
At the store, you need to fill out the application form, and bring with you photo identification, a blank check, as well as any other documentation as required by the state law.
The loan application processing takes just minutes, after which you will receive a loan decision.
If your application is approved, you can get the funds on the spot against a personal check for the amount of the loan plus fees. Then, the store will hold onto the check until the loan repayment becomes due, typically your next payday.
Cash advances should be used for short-term financial needs only, not as a long-term financial solution.
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