Consumer Lender Curo Goes Bankrupt as Debt Pile Takes Toll
Consumer lending conglomerate Curo Group Holdings Corp. and affiliates filed for bankruptcy after failing to outrun a heavy debt load.
CURO Group Holdings Corp. is a consumer finance company, which engages in the provision of services and lending products for under banked consumers. It operates through the following segments: U.S. Direct Lending Canada Direct Lending, and Canada POS Lending. The company was founded by Douglas Rippel, Chadwick Faulkner, and Michael McKnight in 1997 and is headquartered in Chicago, IL.
Consumer lending conglomerate Curo Group Holdings Corp. and affiliates filed for bankruptcy after failing to outrun a heavy debt load.