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What are consumer finance accounts? - Page 2 - myFICO ...

Consumer finance companies typically grant loans to people with poor credit histories. Their customers often cannot get loans from traditional lending companies such as banks or credit unions. These are often high-interest loans because the consumer finance company is assuming more risk by lending to people with less than perfect credit.…

Consumer Financial Protection Bureau

Our vision is a consumer finance marketplace that works for American consumers, responsible providers, and the economy as a whole. ... Consumer Financial Protection Bureau homepage Featured. Webcast: CFPB Symposium. ... We supervise financial companies to ensure compliance with federal consumer financial laws.…

What is a Consumer Finance Loan? - loan.com

Consumer finance companies can lend cash to consumers for a variety of purchases. Consumer finance companies want to encourage people to borrow and therefore entice customers with deceptive rates and deals. Consumer finance loans can be dangerous to the economy because many people cannot meet the high interest rates and payments on their loans.…