What happened to PSA's loan business?

THEBULLPEN · December 28, 2005 10:43AM

Did any of you see that thing on the site the other day about a new loan operation PSA was involved in- something to the effect of loaning half the value of your PSA collection and they hold your cards as collateral. I haven't seen anything about it since, wonder if they reconsidered the whole thing.

gregm13 · December 28, 2005 10:45AM

Would this business venture be referred to as the "PSA pawn shop"?? Someone has to be yanking your chain....

Greg M.

spacktrack · December 28, 2005 11:02AM

They still have a link on the homepage along the left side "Dealer Financing"

williplett · December 28, 2005 11:09AM

Bull,

Thanks for pointing that out! It is an interesting concept. Although I wonder if it strays a bit to far from their core competencies. I can wrap my arms more around dealer financing then that.

Oh well, I guess we will see the stock go through the roof on this one.

What happened to PSA's loan business?

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