No bank statement payday loan

KANSAS CITY, Kan. -- QC Holdings, Inc. (Nasdaq:QCCO) announced today that it completed the acquisition of 20 payday loan stores in Oklahoma. The stores have been open for less than one year, currently operate under the trade name Check First, and are located throughout Oklahoma, including four each in Tulsa and Oklahoma City. QC expects to integrate and re-brand the stores over the next six months. The transaction was an asset purchase for approximately $1.4 million in cash. With the acquisitions, QC now operates 350 stores in 22 states.

Darrin Andersen, QC's President and Chief Operating Officer, commented: "We are excited about the opportunity to continue our growth in Oklahoma by gaining market share through this transaction. Because each of these 20 stores has been operating for less than one year, we believe we can quickly implement our convenient lending approach to drive volumes and increase revenues."

About QC Holdings, Inc.

Headquartered in Kansas City, Kansas, QC Holdings, Inc. is a leading provider of payday loans in the United States, operating 350 stores in 22 states at November 1, 2004. With more than 20 years of operating experience in the retail consumer finance industry, the Company entered the payday loan market in 1992 and, since 1998, has grown from 48 stores to 350 stores through a combination of new, or de novo, stores and acquisitions. During fiscal 2003, the Company advanced more than $590 million to customers through payday loans and reported total revenues of $98.5 million.

Forward-Looking Statement Disclaimer: This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company's current expectations and are subject to a number of risks and uncertainties, which could cause actual results to differ materially from those forward-looking statements. These risks include (1) changes in laws governing consumer protection or payday lending practices, (2) changes in our key management personnel, (3) litigation or regulatory action directed toward the Company or the payday loan industry, (4) the Company's use of the "bank model" for certain states in which it offers payday loans and changes in federal or state regulations or litigation affecting the use of the bank model nationally or in states in which the Company uses that model, (5) negative media reports and public perception of the payday loan industry, (6) turnover in our store managers and store-level employees, and (7) the other risks detailed under the caption "Risk Factors" in the Company's Registration Statement on Form S-1, Registration No. 333-115297, dated July 9, 2004, filed with the Securities and Exchange Commission. QC will not update any forward-looking statements made in this press release to reflect future events or developments.