Full-Time
Posted on 12/16/2025
Provides installment loans and related products
$17.25 - $26.50/hr
Tupelo, MS, USA
In Person
Heights Finance is a consumer finance company that provides installment loans and related products to help everyday people meet their financial needs. It operates through hundreds of branches staffed by loan specialists who guide customers through the loan process and offer personalized service. The loans are repaid over fixed schedules, with terms set by the lender and tailored to the borrower's situation, making funds available quickly for those who need it. Heights Finance differentiates itself through its large branch network, a people-first approach, and a focus on respectful treatment and community impact, supported by employee benefits like a 401(k) plan and health coverage. The company’s goal is to help customers access credit to cover essential expenses while fostering mutual success for its employees and communities.
Company Size
501-1,000
Company Stage
Acquired
Total Funding
$360M
Headquarters
Peoria, Illinois
Founded
1992
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Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Tuition Reimbursement
Performance Bonus
CURO Group Holdings has filed for bankruptcy protection to implement the terms of a Restructuring Support Agreement (RSA) supported by about 74% of its lenders.The restructuring plan is expected to reduce the company’s debt by about $1 billion, save it about $75 million in cash interest annually and enable it to invest in growth, the consumer credit lender said in a Monday (March 25) press release.“Implementing this restructuring through a court-supervised process is the most efficient path to enable us to make changes to our capital structure that will allow us to continue to grow responsibly, execute with excellence and solidify the foundation of the company,” Doug Clark, CEO at CURO, said in the release.The company will continue to provide its customers with a variety of financial services, and expects to exit the restructuring process as a stronger company with less debt, Clark said.“We are grateful for the ongoing support of our vendors, landlords and business partners,” Clark said. “With the changes that will result from this process, our future is bright.”The company has filed motions with the bankruptcy court to ensure that its operations continue uninterrupted, and has received a commitment of up to $70 million of new capital in the form of debtor-in-possession financing, according to the release.CURO expects to emerge from the restructuring process within 120 days, the release said.David Smolens, managing director in the Special Situations Group at Oaktree Capital Management, one of the firms that led negotiation of the RSA on behalf of creditors, said in the release: “We look forward to working with and supporting CURO as it moves on to its next chapter.”CURO has struggled with profitability in recent years as its debt burden grew because of acquisitions, Bloomberg reported Monday.It had more than $2 billion of debt as of Sept. 30 and said in its Chapter 11 filing that it has assets and liabilities of at least $1 billion each, according to the report.One of CURO’s wholly owned subsidiaries, Heights Finance Holding, was the target of a lawsuit filed in August by the Consumer Financial Protection Bureau (CFPB), which charged that the company has engaged in illegal loan-churning practices.CURO said at the time that it denied the allegations and would “vigorously defend its business practices.”
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Heights Finance Holding, formerly known as Southern Management, and several of its subsidiaries, charging they have engaged in illegal loan-churning practices. The CFPB alleged that the company and its subsidiaries (collectively known as Southern) target struggling borrowers and pushes them into refinancing their loans multiple times, resulting in substantial costs and fees, the agency said in a Tuesday (Aug. 22) press release. Southern, a nonbank, high-cost installment lender, operates under various trade names such as Covington Credit, Southern Finance and Quick Credit, according to the release. The company is a wholly owned subsidiary of CURO Group Holdings
WASHINGTON, D.C. (August 22, 2023) - Today, the Consumer Financial Protection Bureau (CFPB) sued Heights Finance Holding Company, formerly known as Southern Management Corporation, a high-cost installment lender, as well as several of Heights's subsidiaries (collectively, Southern), for illegal loan-churning practices that harvested hundreds of millions in loan costs and fees.
"In late 2021, MergerLinks acquired Heights Finance, a leading near-prime installment lender, signifying its entry into this broader consumer lending market in the US.
CURO Group ( CURO ) was unchanged after announcing a definitive deal to acquire consumer finance company Heights Finance for $360 million, comprising $335 million in cash and $25 million in CURO common shares.