retail installment contract


Also found in: Acronyms.

retail installment contract

A contract that provides compensation for consumer goods or services by making payments over time,usually at a high interest rate.

References in periodicals archive ?
DocOne and our retail installment contracts not only ease the finance process, but they also free dealers from the cost and time associated with maintaining extensive finance document libraries," said Lee Domingue, CEO of Indirect Lending at Wolters Kluwer Financial Services.
You think all your prior experience in the car business, which consists only of dealerships that sell retail installment contracts to unrelated financing sources, is enough to get by.
The company, which began originating retail installment contracts in 1997, has a managed assets portfolio of approximately $50 billion (as of June 30, 2015), has more than two million customers across all credit grades, and is headquartered in Dallas.
2 ]Includes Receivables held for sale, Retail installment contracts held for investment, Unsecured consumer loans, Receivables from dealers held for investment, Leased vehicles and Capital lease receivables
Headquartered in Southern California, Westlake originates indirect retail installment contracts through a network of over 9,000 new and used car dealers throughout the United States.
14 /PRNewswire/ -- RouteOne LLC announced today that it has completed integration with California-based Westlake Financial Services, a privately held finance company specializing in the acquisition and servicing of near-prime to subprime automotive retail installment contracts.
By expanding our product offering to include Wolters Kluwer Financial Services' retail installment contracts, independent dealers can find forms to meet a variety of needs all in one location.
Regency will continue to provide traditional direct consumer lending services such as home equity, installment and debt consolidation loans, and will also purchase retail installment contracts from local merchants in these new markets," according to Robert T.
eOriginal's software enables the creation, execution, transfer, management and re-sale of electronic negotiable notes, such as mortgages, leases, retail installment contracts, and securities as Transferable Records under E-Sign, UETA and UCC Article 9.
Nasdaq: TFCE) today announced that its wholly owned subsidiary, THE Finance Company, has completed the purchase of $9,500,000 of automobile retail installment contracts from a major national consumer finance company.
AutoBond is a specialty consumer finance company engaged in servicing retail installment contracts originated primarily by franchised automobile dealers in connection with the sale of used, and to a lesser extent, new vehicles to selected consumers with limited access to traditional sources of credit.
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