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Check Cashing & Payday Loan Services in the US - Industry Market Research Report

  • January 2015
  • -
  • Ibisworld
  • -
  • 31 pages

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Check Cashing & Payday Loan Services

The nature of the Check Cashing and Payday Loan Services industry enabled it to perform well during the recession. As consumers struggled during difficult economic times, they used industry services to advance their paychecks or to get quick cash back. However, as the economy continues to recover and consumers start to fatten their wallets over the five years to 2020, demand for the industry's services will decline. Furthermore, industry regulations have been increasing, hindering revenue growth and profit margins for industry operators.

This industry cashes checks, drafts or money orders for the general public. Companies in this industry may also offer payday loans, installment loans and other financial services. Banks and firms that operate exclusively online are excluded.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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