Payday Lending Chain Expands IntoCalifornia

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FORT WORTH, Texas - (09/29/04) -- Cash America International Inc.,which operates one of the biggest chains of payday loan stores,said it has expanded into California with the purchase of 32locations. Cash America said it bought the outlets in southernCalifornia from Urgent Money and GoldX Financial for $14.2 millionin cash. The deal gives the payday lender 601 branches in 18states.

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