____ finance companies concentrate on purchasing credit contracts from retailers and dealers.

Question

Quizplus · Accepted Answer

Consumer finance companies specialize in providing loans and financing to individual consumers for purchases such as cars, appliances, or furniture. They often purchase credit contracts from retailers or dealers to provide financing options for their customers. Sales finance companies, on the other hand, provide financing directly to the retailer or dealer. Commercial finance companies focus on providing financing for businesses. Therefore, option A is the best choice for this question as it directly mentions the purchase of credit contracts from retailers and dealers, which is a typical activity of consumer finance companies.

____ Finance Companies Concentrate on Purchasing Credit Contracts from Retailers