Finance company

(redirected from finance houses)
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Finance company

A company whose business and primary function is to make loans to individuals, while not receiving deposits like a bank.

Consumer Finance Company

A non-bank lender. A consumer finance company does not receive deposits, but does make loans to customers for business or personal use. It derives its profits from the interest on these loans. It is also called simply a finance company.
References in periodicals archive ?
It is important for finance houses to stay informed about the retailer's activities
Store card APRs are higher than other card products because the retailer exerts pressure on the finance house to accept as many applicants as possible.
In many cases, banks own the finance houses that offer credit to poor risks.