Hampden Group Launches CityCash.com and Cashcar.com to Compete in the Auto Title Loan and Payday Loan Industry
Hampden Group Launches CityCash.com and Cashcar.com to Compete in the Auto Title Loan and Payday Loan Industry
CHANDLER, Ariz., Feb. 1 /PRNewswire-FirstCall/ -- Hampden Group, Inc. announced today that the company has launched both CityCash.com and Cashcar.com to compete in the multi-billion dollar auto title loan and payday loan industry. The company has also launched an aggressive online marketing campaign. The company is currently receiving about 50 - 100 qualified loan applications each day with loan amounts ranging from $200 to $10,000.
Payday Loans and auto title loans is one of the fastest growing businesses in the United States. The payday advance industry was virtually non existent in 1990. Hampden Group has created a system that utilizes technology and experience to offer high interest loans with less than average risk.
One payday advance group estimates over $25 billion in payday advance revenue occurred in 2004.
Hampden Group has three primary divisions which are high interest returns:
1. CashCar.com, which offers vehicle title loans with a substantially
lower interest rate than the competition. Vehicle title loans are
becoming an epidemic in the finance industry. Competing title loan
companies charge as much as 200% per year. CashCar.com charges half
the legal rate with no pre-payment penalties. CashCar.com has an
innovative concept to market the companies "title refinance program"
for clients that have a current title loan with much higher interest
rates.
2. PrePaidMotors.com, which offers no credit check auto loan financing.
PrePaidMotors.com has the goal to be first to market with this new
program that has been successful for the furniture and electronics
industries. PrePaidMotors.com focuses on customers with less than
desirable credit.
3. Payday loan program geared towards individuals with paychecks ranging
from $500 to $5,000 per pay period. The Company charges $15 per
$100. This advance is paid back in less than two weeks, which is a
30% return per month on money loaned. Payday loans are becoming a
popular way for customers to get cash. Hampden Group has the top
technology for this sector to prevent fraud and increase growth.
Customers can apply for a payday loan today and receive their money
the next business day. The payday loan site is
http://www.citycash.com/.
Potential investors and media may contact Hampden Group, Inc. at 480-892- 5262 or info@hampgroup.com. To receive investor news alerts subscribers can sign up at http://www.citycash.com/ApplyandDriveToday/investorrelations.html.
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment.
We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/.
Source: Hampden Group, Inc.
CONTACT: Michael Raburn for Hampden Group, Inc., +1-480-892-5262
Web site: http://www.citycash.com/
http://www.ereleases.com/
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