In its latest effort to rebound from last year's credit quality problems, the Atlanta subprime lender Altiva Financial Corp. has signed a nonbinding letter of intent to buy Money Centre, a subprime lender in Charlotte, N.C.

Terms and price of the deal for the privately held company are still under negotiation, but Altiva's chief financial officer, J. Richard Walker, said he expects to reach a definitive agreement by Friday and to conclude the purchase by June 30.

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