Clearwater’s Nicholas Financial acquires credit group

Nicholas Financial Inc. (NASDAQ: NICK) has acquired a North Carolina credit group that will add more than 3,000 accounts and over $22 million in net receivables to its portfolio.

The terms of the acquisition of the ML Credit Group, a Kernersville, North Carolina, were not disclosed. Metrolina provides financing to consumers by direct loans and through retail installment sales contracts’ purchases originated by automobile dealers in North Carolina and South Carolina.

“Metrolina’s local…

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