Cleveland-based Check Into Cash firm buys British chain

photo Allen Jones, CEO of Check Into Cash

Arkansas-Ole Miss Live Blog

Check Into Cash, the Cleveland, Tenn.-based payday loan business, has made its first foreign acquisition and bought a 16-store financial services chain in the United Kingdom.

"It's a very good set of stores," said Steve Scoggins, Check Into Cash president, about Cash and Cheque Express.

Scoggins said Check Into Cash, founded by Cleveland businessman Allan Jones, will continue to look at acquisitions in other countries as there's high demand for its services.

"We'll continue to look at further opportunities globally," Scoggins said.

Check Into Cash spokesman Toby Pendergrass said the acquisition price wasn't disclosed.

Founded in 1993, Check Into Cash operates more than 1,000 branch locations in 30 states.