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LSDefine

Simple English definitions for legal terms

consumer finance company

Read a random definition: provincialis

A quick definition of consumer finance company:

A consumer finance company is a type of company that provides loans directly to individuals. They may also purchase loans from other companies that lend money to borrowers. These companies are different from banks because they do not accept deposits or offer other banking services. Consumer finance companies are sometimes called small-loan companies because they typically offer smaller loans than banks. They may also charge higher interest rates than banks because they lend to people who may not qualify for bank loans.

A more thorough explanation:

A consumer finance company is a type of nonbank company that provides loans directly to consumers or purchases notes from other companies that make loans to borrowers. These companies specialize in extending credit to individuals for personal use, such as buying a car or paying for medical expenses.

  • Small-loan company: A finance company that deals directly with consumers in extending credit. For example, a small-loan company may offer short-term loans to individuals who need to cover unexpected expenses.
  • Sales finance company: A finance company that purchases consumer installment paper arising from the sale of consumer durables "on time." For example, a sales finance company may purchase the installment contracts for a car dealership's customers, allowing the dealership to receive payment upfront while the finance company collects payments from the customers over time.

These examples illustrate how consumer finance companies provide credit to individuals for personal use or to finance purchases. They may offer different types of loans, such as short-term or installment loans, and may specialize in specific industries, such as automotive financing.

consumer-expectation test | consumer goods

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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