country, millions of hard-working Americans can and do benefit
from loans when faced with an unexpected bill or other immediate
Kenneth E. Compton, CEO, Advance America
"We created our Choice Line of Credit product expressly to
comply with the laws of Pennsylvania," said Advance America
Chief Executive Officer Kenneth E. Compton. "Many Pennsylvanians
have chosen to use our line of credit since it was introduced in
June, which we believe is evidence of the growing value
consumers place on such forms of convenient, unsecured loans."
"Across the country, millions of hard-working Americans can and
do benefit from loans when faced with an unexpected bill or
other immediate financial need," added Compton. "Our customers
find these loans are typically a better option for them than
bouncing checks, incurring late charges or damaging their credit
rating by missing payments."
Compton also said the company is committed to helping consumers
and regulators understand the role unsecured loans can play in
helping individuals with their financial needs.