Charles Brennan has been an entrepreneur for as long as he can remember. He jumped headfirst into the business world while still in high school and diligently studied the financial services industry while working as a collections manager at Citibank.
In 1998, Mr. Brennan founded Dollar Loan Center and opened its first location in Las Vegas, Nevada. He saw a growing need for access to capital for those who were underserved and unserved by the traditional banking sector. By offering no-fee products with longer repayment terms and interest rates less than 1/3 of the average APR of its competitors, DLC quickly grew into an industry leader in Nevada. DLC now operates 50 offices in Nevada and Utah and employs over 200 people.
In 2001, Mr. Brennan formed Clark County Collection Service, LLC (“CCCS”), a Nevada licensed debt collector. CCCS services unpaid debts from many different companies in the medical and financial services sectors, among others. CCCS currently employs 40 people and collects, on average, $8,400,000 per year for its customers. Mr. Brennan has been a Qualified Manager of CCCS since its inception.
In 2008, Mr. Brennan steered Dollar Loan Center and its investors clear of the devastation caused by the Great Recession. He did so with solid underwriting criteria and responsible lending practices. While many traditional banks failed during that crisis, Dollar Loan Center weathered the financial storm. Even more remarkable is that, for nearly two decades, Dollar Loan Center’s signature product in Nevada has been a non-recourse loan.
Both Dollar Loan Center and CCCS have earned, maintain, and take great pride in their excellent reputations for regulatory compliance at both the federal and state level. Dollar Loan Center and CCCS have succeeded in large part because of their excellent relationships with investors, regulators, and staff. Dollar Loan Center is also a proud member of the Financial Service Centers of America (“FISCA”).
This success has given Charles Brennan the opportunity to help many others. He has been an active member in the Entrepreneurs Organization for many years and has helped mentor up-and-coming entrepreneurs. He has also helped raise millions of dollars for several charities, including the Boys & Girls Club, Opportunity Village, Henderson Little League, Eye Care 4 Kids, The Susan G. Komen Foundation, and various other charities in the communities in which Dollar Loan Center is located.