Consumer finance companies typically make loans to consumers who

Question

Quizplus · Accepted Answer

Consumer finance companies specialize in providing loans to individuals who may have difficulty obtaining credit from traditional sources, such as banks or credit unions, due to factors such as low income or poor credit. While some individuals may choose to use consumer finance companies to avoid the regulatory environment at a bank, this is not typically the primary reason for seeking their services. Therefore, option C is incorrect, and option D is also incorrect as both options play a significant role for consumer finance companies.

Consumer Finance Companies Typically Make Loans to Consumers Who