MoneyConnect has officially closed up shop. On Friday, the non-prime lender announced the closure of its credit office and the departure of its President/CEO, Moe Forget.
MoneyConnect first ran into difficulties in December and the company released this statement today: “The international liquidity crisis has seriously impacted our ability to access capital markets based funding. After several months of attempting to secure alternate forms of financing, we regret to advise that we have been unsuccessful in this regard.”
Service for existing customers will not be affected according to the company.
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