Finance Company

Finance-Company

Finance company is a firm that loans money. Finance companies make loans to merchants and manufacturers. These companies also make loans to people. Borrowers agree to repay the loan with interest in a specified period of time. Borrowers must offer some guarantee that they will repay the loan. For example, individuals may offer a lien on their salary or personal possessions as a guarantee . Business people who need a loan can offer property, merchandise, or unpaid bills owed to them by others as security. Some finance companies also offer credit card services that let the holder buy merchandise

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