Consumer finance company


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Consumer finance company

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.
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NYSE: CIT), a leading commercial and consumer finance company, provides clients with financing and leasing products and advisory services.
AutoTrakk, LLC, a Montoursville, PA, based consumer finance company, has developed an innovative new program to offer short term leasing (2-3 years) through new car dealers to credit challenged customers on late model used cars.

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