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WILKESBORO, N.C. (AP) -- An Atlanta-based financial services company is closing collections offices in Georgia, North Carolina and Utah, putting about 740 people out of work.
A spokesman told multiple North Carolina media outlets Friday that CompuCredit Corp. is closing its Wilkesboro collections office March 31.
Spokesman Tom Donahue says the slumping economy is also forcing the company to close offices in Salt Lake City and Duluth and Sandy Springs, Ga.
CompuCredit issues credit card and car loans to borrowers with spotty credit histories. In 2008, the company said it would pay out at least $114 million to settle allegations of deceptive marketing.
Its website says CompuCredit also has offices in Las Vegas, Lake Mary, Fla., and St. Cloud, Minn.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
