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| Established
1999 |
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| Source: Company documents |
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| Name
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George D. Johnson |
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Chairman of the Board |
| Since: |
07/2004 |
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| Name
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Kenneth E. Compton |
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President, Chief Executive Officer, Director |
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08/26/2005 |
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| Name
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William M. Webster |
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Vice Chairman of the Board |
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07/1997 |
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| Name
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J. Patrick OShaughnessy |
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Executive Vice President and Chief Financial Officer |
| Since: |
08/2007 |
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| Earnings
Release Dates : 23rd July 2008 , 23rd April 2008 , 13th February 2008 , 24th October 2007 |
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Advance America, Cash Advance Centers, Inc.
The Company provides directly, or it processes, markets and services for the lending banks for which the Company acts as agent, small-denomination, short-term unsecured consumer credit because many consumers have limited access to alternative sources of liquidity. In general, the small-denomination, short-term credit product or service, which are referred to as a payday cash advance, offered by the Company or a lending bank at the Company’s payday cash advance centers consists of providing a customer with cash or a check drawn on the Company’s or the lending bank's account in exchange for the customer's personal check covering the amount of the payday cash advance plus applicable charges for fees and/or interest, along with an agreement requiring the customer to repay the cash advance in full on or before a specified due date, which is typically two weeks after the date of the payday cash advance, and requiring deferment of the presentment or deposit of the customer's personal check until the due date of the payday cash advance.
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