Find out about Pete Peterson-funded astroturf projects in the Fix your debt Portal.
‘Advance America’ had been launched in 1997 and it is a publicly exchanged business under direction associated with SEC. Advance America may be the system that is largest of non-bank cash loan solutions in america. Advance America runs over 2,300 financing facilities in 30 various states. The company website states that Advance America provides “a range that is wide of,” including “payday advances, installment loans, gold-buying, MoneyGramВ® solutions, and tax planning.” The web site’s label claims “Loans as much as $25,000 in less than hour.” 1
Advance America is headquartered in Spartansburg, sc where it had been launched by present Chairman for the Board, William Webster and former Chairman associated with Board, George D. Johnson.
This new York stock market states that Advance America’s total income last year had been $623.86 million. 2
Ties to Pete Peterson’s “Fix the Debt”
The Campaign to repair your debt could be the incarnation that is latest of the decades-long work by previous Nixon guy switched Wall Street billionaire Pete Peterson to slash acquired advantage programs such as for instance personal safety, Medicare, and Medicaid beneath the guise of repairing the country’s “debt issue.”
This informative article is component associated with Center for Media and Democracy’s research of Pete Peterson’s Campaign to “Fix your debt.” Please go to our primary SourceWatch web page on Fix your debt.
Governmental Efforts
Advance America formally provided $110,750 to federal prospects in the 2012 election period. 3 80% of the donations decided to go to Republicans.
Placing the indegent in Financial Obligation
In February 2012, Mexican billionaire Salinas Pliego bought Advance America for $780 million. 4 a ten years before that, Salinas’s Banco Azteca branches began loans that are offering Mexico’s bad, frequently at 50 to 60 per cent rates of interest. Read more →