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6 million to 8. 6 million after purchasing online lender Cash Train. Cash Converters said it would sell its British stores and a £8. 7 million (16. 9 million) personal loan book, while lifting investment in Australia.

It said the British network had "struggled in tough trading conditions" and it would "go back to basics" by selling its corporate 6 month cash loans and acting as a master franchisor. It also said it would stop operating auto financing business Carboodle because its volume growth had been too low. It would instead change to a secured motor-lending business. It plans to expand operations in Australia, offering a wider range of loans to include "medium amount" loans of up to 5000.

More than 1 million Australians are estimated to take out a payday or short-term credit contract loan each year.

6 month cash loans

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6 month cash loans

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6 month cash loans