The Payday Loans & Check Cashing industry may not be for everyone, but the companies that call it home are no slouches when it comes to delivering financial solutions. In fact, the industry has the best growth prospects of any financial services sector, and is well on its way to becoming a household name again.
The biggest hitters in the category include: OneMain Holdings (OMF), Curo Holdings and AARC LLC. Among these, OneMain Holdings is the king of the payday lending industry. This high-growth behemoth is the largest of its kind in the country and has 1,600 locations across 44 states. The company also has a strong track record in consumer credit card, bill payment and mortgage services. The company has a well-rounded business model, and its resurgence is aided by a robust e-commerce presence in the form of mobile apps. Its most recent quarter saw net income increase by a whopping 85%.