While I hate to designate human beings as "consumers", I will say that consumer finance includes all forms of borrowing by families and individuals. Common forms are mortgages, HELOC (home equity), credit card, and student loans. Each has its own characteristic but all involve someone making a credit decision (underwriting) about amount and rate for the loan and required payments.
As one banker said," It is easy to make loans, the difficulty is collecting loans". Thus, the key management challenge is to do both.
Effect of interest rate on consumer finance?
The consumer finance companies has been servicing credit since 1916. The sales finance companies has been in since 1940.
For a basic knowledge about consumer finance, the best place to get started is on Wikipedia. If you live in Canada, you can also find a lot of information at the Financial Consumer Agency of Canada.
Consumer finance companies are small loan companies that specialize in personal loans under the small loan laws of the various states. These establishments are often called personal finance companies.
Ownership
Effect of interest rate on consumer finance?
The consumer finance companies has been servicing credit since 1916. The sales finance companies has been in since 1940.
Consumer characteristics are used to segment markets into workable groups
For a basic knowledge about consumer finance, the best place to get started is on Wikipedia. If you live in Canada, you can also find a lot of information at the Financial Consumer Agency of Canada.
Consumer finance companies are small loan companies that specialize in personal loans under the small loan laws of the various states. These establishments are often called personal finance companies.
Ownership
A. Charlene Sullivan has written: 'Sales finance companies' -- subject(s): Consumer credit, Sales finance companies 'Consumer finance companies' -- subject(s): Consumer credit, Consumer finance companies, Debtor and creditor, Usury laws 'Social efficiency of the Bankruptcy Reform Act of 1978 with regard to personal bankruptcy' -- subject(s): Bankruptcy 'Commercial banks--CRC 1979 creditors survey' -- subject(s): Bank loans, Consumer credit
Set a limit to consumer.
02890 260900
Deborah McNaughton has written: 'The get out of debt kit' -- subject(s): Personal Finance, Consumer credit 'Destroy Your Debt!' 'All about credit' -- subject(s): Consumer credit 'Money trouble' -- subject(s): Personal Finance, Religious aspects of Personal finance, Religious aspects 'The Insider's Guide to Managing Your Credit' -- subject(s): Consumer credit 'The essential credit repair handbook' -- subject(s): Personal Finance, Debt, Consumer credit
Ray H. Matson has written: 'Ratios of the instalment sales finance and consumer finance companies' -- subject(s): Consumer credit, Installment plan, Ratio analysis
Consumer finance software that has been getting good ratings are Mint, IBank 4, CommonCents and MoneyManagerEx. A suggestion is to use demo versions and see what software you find to be the best.