3 Companies to Profit from the Need for Quick Cash

Investors and consumers will always have a need for cash quickly from entities such as Cash America CSH, First Cash Financial Services FCFS, and IEG Holdings Corp. IEGH. I know: I used the services of similar financial firms three times when I was buying and selling houses. I made money all three times, even though it was expensive money. But I was glad it was available. I would do it again, too. That is the allure to consumers and the appeal to investors of IEG Holdings, Cash America, First Cash Financial Services, and others in this sector. The need for readily available is global. Cash America is based in Fort Worth, Texas. IEG Holdings got its start in Australia and now does business in America, aiming to offer loans in 33 states by the end of 2014. First Cash Financial Services has extensive operations in Mexico, in addition to the United States. Wall Street is very bullish on this sector. During The Great Recession, business boomed for these lenders. Traditional credit dried up as financial institutions hunkered down due to the adverse economic conditions. That allowed for these firms to expand their customer base. This has continued throughout the recovery from The Great Recession. Earnings growth for First Financial Services is in the double digits for the quarter; and projected to be also in the next year and next half decade. For this year, earnings growth is nearly 40 percent for Cash America. In less than a year, the online lending program of IEG Holdings has increased more than 300 percent. Numbers like those attract the attention of the investment community. Cash American is up nearly 20 percent for 2014. Over the last month of market action, Fast Cash has risen by nearly 6 percent. There is still much growth ahead, based on analyst target prices.