Curo Group Holdings Corp (CURO)

Overview

CURO Group Holdings Corp., operating since 1997 and headquartered in Chicago, Illinois, stands as a provider of consumer finance products in the United States and Canada. This company, once identified as Speedy Group Holdings Corp., transitioned its corporate name to CURO Group Holdings Corp. in May 2016. CURO caters to a diverse clientele through its range of consumer finance services, operating under reputable brands such as Covington Credit, Heights Finance, Quick Credit, Southern Finance, First Heritage Credit, Cash Money, LendDirect, and Flexiti. However, in a significant development on March 25, 2024, CURO Group Holdings Corp. sought financial reorganization by filing a voluntary petition under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas, marking a pivotal moment in the company’s trajectory.

Products and Services

CURO Group Holdings Corp. extends a variety of financial products and services catering to the needs of its consumer base in the United States and Canada, as detailed below:

• Secured and Unsecured Installment Loans: These are traditional forms of personal loans where the former requires collateral and the latter does not, providing flexibility based on the borrower's situation.
• Revolving Line of Credit: Offering continuous access to funds up to a certain limit, this product allows consumers to borrow, repay, and reborrow, managing their cash flow needs with flexibility.
• Single-Pay Loans: Designed for short-term financial needs, these loans are typically settled in a single payment on the borrower's next payday.
• Credit Protection Insurance: This service offers borrowers insurance cover to help manage their loan obligations in case of unexpected life events that affect their ability to repay.
• Check Cashing, Money Transfer, and Foreign Currency Exchange: These ancillary financial services provide consumers with convenient solutions for managing their money, including international transactions.
• Reloadable Prepaid Debit Cards and Demand Deposit Accounts: CURO offers flexible banking solutions without the need for a traditional bank account, catering to a broad range of financial management needs.
• Online Loans: Through its brands, CURO also facilitates loans online, providing a convenient and fast way to access financial assistance.