CONSULTING AGREEMENT



        THIS AGREEMENT IS SUBJECT TO MANDATORY AND BINDING ARBITRATION

        --------------------------------------------------------------



      This Consulting  Agreement  (the "Agreement')  is  entered into  as  of

 January 1, 2005 (the "Effective Date"), by and between First Cash  Financial

 Services, Inc. (the  "Company"), a  Delaware corporation,  and Phillip  Eric

 Powell (the "Consultant").



      WHEREAS, in his former capacity as Chief Executive Officer,  Consultant

 has been primarily responsible for building the company from  its inception,

 and has provided a significant contribution to the success of the Company;



      WHEREAS, Consultant has been an integral part of the Company  attaining

 fiscal/financial stability, and has been its primary guidance in determining

 the strategic vision of the Company;



      WHEREAS,  notwithstanding  the  success   of  the  Company  under   the

 stewardship of  Consultant, both  the  Company  and Consultant  believe that

 long-term succession  planning  in  the  leadership  of  the  Company  is  a

 necessary and desirable part of good  corporate governance, and in the  best

 interest of the Company and its shareholders;



      WHEREAS, both the Company and Consultant  believe that it is  therefore

 in the best  interest of the  Company and its  shareholders that  Consultant

 relinquish his role as Chief Executive Officer, but remain committed to  and

 involved in the Company's growth and strategic planning activities through a

 formalized, long-term consulting arrangement; and



      WHEREAS,  Consultant  was  employed  by  the  Company  pursuant  to  an

 employment  agreement  dated  September   30,  2000,  between  the   parties

 ("Employment Agreement"),  and  the  parties terminated  that  agreement  on

 December 30, 2004 and desire to enter into this consulting agreement so that

 the Company may benefit from the valuable advice, counsel, and participation

 of Consultant in future  years based on the  terms and conditions set  forth

 below.



      NOW,  THEREFORE,  in   consideration  of  the   mutual  covenants   and

 obligations hereinafter set forth, the parties agree as follows:



      1.  PREVIOUS EMPLOYMENT AGREEMENT.



      The parties terminated  the Employment Agreement on  December 30, 2004,

 and waived and released all rights they had under the  Employment  Agreement

 as of that date.  Accordingly, the Employment Agreement has no further force

 or effect.



      2.  INDEPENDENT CONTRACTOR.



      The Company  desires  to  contract for  Consultant's  services  in  his

 capacity as an independent contractor, according to the following terms  and

 conditions.



      3.  DUTIES.



      The Consultant will serve and be responsible to the Board  of Directors

 of the Company ("Board"). Under the  direction of the Board, the  Consultant

 shall perform  such  duties, and  have  such powers,  authority,  functions,

 duties and responsibilities  for the Company  and  other entities affiliated

 with the  Company as  may be  determined from  time to  time by  the  Board.

 However, the Consultant shall determine the means and methods to perform his

 duties under  this Agreement.  The Board  shall not  control the  means  and

 methods of Consultant in fulfilling his duties under this Agreement.



      4.  TERM OF ENGAGEMENT.



      The term of engagement of Consultant shall begin on January 1, 2005 and

 continue through December 31, 2014, subject to the provisions of Section  9.

 The term of the Consultant's engagement hereunder shall commence on  January

 1, 2005.



      5.  EXTENT OF SERVICES.



      Subject to the provisions of section  12, the Consultant may engage  in

 any other  business  related  activities,  as  well  as  appropriate  civic,

 charitable, professional or trade association  activities, and serve on  one

 or more other boards of directors  of public or private companies,  provided

 these  activities  do  not  interfere   or  conflict  materially  with   the

 Consultant's duties and responsibilities to the Company.



      6.  NO FORCED RELOCATION.



      The Consultant shall  not be required  to move his  principal place  of

 residence from the Arlington, Texas area  or to perform regular duties  that

 could reasonably be expected to require either such move against his wish or

 to spend amounts of time each  week outside the Arlington, Texas area  which

 are unreasonable  in relation  to the  duties  and responsibilities  of  the

 Consultant hereunder,  and  the Company  agrees  that, if  it  requests  the

 Consultant to make such a move and the Consultant declines that request, (a)

 that declination shall  not constitute any  basis for a  termination of  the

 Consultant's engagement  and (b)  no animosity  or  prejudice will  be  held

 against Consultant.



      7.  COMPENSATION.



      (a) ANNUAL COMPENSATION RATE.



      Annual compensation shall be payable to  the Consultant by the  Company

 as a guaranteed minimum amount under  this Agreement  for each calendar year

 during  the  period from  January 1, 2005  to the  termination date  of  the

 Consultant's Engagement. That annual compensation shall (i) accrue daily  on

 the basis of a 365 year, (ii) be payable to the Consultant in the  intervals

 no less frequently than monthly, and  (iii) be payable beginning  January 1,

 2005 at an annual rate of $500,000.



      (b) MISCELLANEOUS.



      (i)  The Company shall supply Consultant  with an automobile, the  make

 and model of which is subject to the approval of the Board, and the  Company

 shall be responsible for all expenses related thereto throughout the term of

 this Agreement.



      (ii)  In  consideration  and  in support  of Consultant's duties  under

 this Agreement,  which  also  include fostering  the  goodwill,  growth  and

 earnings of the Company, the Company shall pay for a private club membership

 for Consultant, for  such amount as  is reasonable taking  into account  the

 powers, authority,  functions, duties  and responsibilities  of  Consultant,

 subject to approval of the Board.



      (iii)  Consultant  acknowledges that  he shall be responsible  for  any

 and all  income  and self-employment  taxes  (including federal,  state  and

 local) resulting from compensation received  (in cash and in-kind)  pursuant

 to this Agreement.  This  includes,  without limitation, all federal,  state

 and local taxes on income and,  social security & Medicare taxes  applicable

 to income earned in his role as Consultant.



      (iv) The Consultant shall  be entitled to  prompt reimbursement of  all

 reasonable business  expenses incurred  by him  in  the performance  of  his

 duties during  the term  of this  Agreement, subject  to the  presenting  of

 appropriate vouchers and receipts in accordance with the Company's policies.



      8.  OTHER BENEFITS.



      (a) HEALTH INSURANCE.



      The Company shall pay all health insurance premiums for Consultant  and

 his spouse under the Company's health insurance program or a policy from  an

 independent third party carrier until they attain the age 65, respectively.



      (b) LIFE INSURANCE.



      For the term of  this Agreement, the Company  will provide, at its  own

 expense, term life insurance benefits under two separate policies, the first

 of which,  naming the  Company as  beneficiary, shall  be at  the  Company's

 option. The first policy shall designate the Company as the  beneficiary and

 loss payee. This policy  shall be procured  at the option  of the Board  and

 shall have an amount of  coverage, which shall be  at the discretion  of the

 Board. The second  policy shall  be in  the amount  of $4  million  with the

 beneficiary and loss payee designated by the Consultant.



      9.  TERMINATION.



      The Consultant's Engagement  hereunder may be  terminated prior to  the

 term provided for in Section 4 only under the following circumstances:



      (a) DEATH.



      The Consultant's Engagement shall  terminate automatically on the  date

 of his death.



      (b) DISABILITY.



      If a Disability occurs and  is continuing, the Consultant's  Engagement

 shall terminate  180 days  after the  Company gives  the Consultant  written

 notice that  it intends  to  terminate his  Engagement  on account  of  that

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