Financial

Ancillary Credit Business

Ancillary Credit Business

A business that is involved with credit but does not offer credit itself. Examples of ancillary credit businesses include debt collection agencies, which collect the credit extended by others, and credit brokerages, which are businesses that make introductions between customers and companies that give credit.
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References in periodicals archive
The order prevents Momentum Network from engaging in the "unfair commercial practice of debt sale", making misleading claims and running an ancillary credit business.
Debt firm is ordered to stop trading
The company, run by husband and wife team Basil and Amanda Rank-k ine, has been banned from engaging in 'debt sales', from making misleading claims or carrying on ancillary credit businesses.
City couple set up new firm after debt free scheme halted; NICKMCCARTHY
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