NEWS RELEASE

                                                    Contact:  Donald F. Gayhardt
                                                                       President
                                                    Dollar Financial Group, Inc.
FOR IMMEDIATE RELEASE                                             (610) 640-5925


         DOLLAR FINANCIAL GROUP, INC. ISSUES UPDATED ESTIMATE FOR FISCAL
               FOURTH QUARTER AND FISCAL YEAR ENDED JUNE 30, 2004


BERWYN, Pennsylvania,  July 14, 2004 - Dollar Financial Group, Inc. ("Dollar" or
the "Company")  today provided updated  financial  estimates with respect to its
fiscal  fourth  quarter  and fiscal year ending  June 30,  2004.  This  estimate
supersedes the guidance released February 6, 2004.

For its fiscal fourth quarter ended June 30, 2004, the Company  expects  revenue
of $61.5  million to $62.5  million  compared  to $55.5  million  for the fiscal
fourth quarter ended June 30, 2003. For the fiscal fourth  quarter,  the Company
expects  comparable store (defined as company owned stores that were open for at
least 15  continuous  months  prior to June 30,  2004),  franchised  store,  and
document transmitter revenues to increase between 12.0% and 13.0%.

For its fiscal year ending June 30, 2004, the Company  expects revenue of $244.5
million to $245.5  million  compared to $219.4 million for the fiscal year ended
June 30, 2003. For the full fiscal year ended June 30, 2004, the Company expects
comparable store (defined as company owned stores that were open for at least 24
continuous  months  prior to June 30,  2004),  franchised  store,  and  document
transmitter revenues to increase between 10.0% and 11.0%.

The Company expects to release  earnings for these periods on or before the week
of August 30, 2004.

Dollar  is  a  leading   international   financial   services   company  serving
under-banked  consumers.  Our customers are typically  lower- and  middle-income
working-class  individuals who require basic financial services but, for reasons
of  convenience  and  accessibility,  purchase  some or all of  their  financial
services from us rather than from banks and other financial institutions.

This  release  contains  forward-looking   statements  regarding  the  Company's
estimated  performance for historical  periods.  Actual results for such periods
may  materially  differ.  Such  forward-looking  statements  involve  risks  and
uncertainties,  including  risks  related  to  depository  institutions  and  of
changing  market  conditions in the overall  economy and the industry,  consumer
demand,  the opening of new stores,  the  success of the  Company's  acquisition
strategy and other factors  detailed  from time to time in the Company's  annual
and other reports filed with the Securities and Exchange Commission. The Company
disclaims  any  obligation  to update any such  factors or to publicly  announce
results of any  revisions  to any of the  forward-looking  statements  contained
herein to reflect future events or developments.