Howstuffworks "Loan company - Encyclopedia Entry"

Learn about Financial Institutions and get information on topics related to Financial Institutions.

Related Categories:

> Banks & Banking
> Biographies
> Government & Finance
> Organizations

REFERENCE LINKS

Please copy/paste the following text to properly cite this How Stuff Works article:

"Loan company." 30 August 2007. HowStuffWorks.com. <http://reference.howstuffworks.com/loan-company-encyclopedia.htm> 17 May 2008.

Loan company

Loan company is an organization that lends money to individuals. Loan companies were organized chiefly to combat loan sharks (moneylenders who charge an illegal or high rate of interest). The personal finance company has been the most common type of successful small-loan company. It has taken much business away from the loan sharks.

Related Topics:

Finance company is a firm that loans money to people who promise to repay the loan with interest in a specified period of time. Borrowers must… More>>

Clearinghouse is an institution used by banks to exchange checks and to establish claims against each other that result from financial… More>>

Loan company is an organization that lends money to individuals. Loan companies were organized chiefly to combat loan sharks (moneylenders who… More>>

Credit union is a cooperative banking association operated exclusively for the benefit of its members. The members pool their savings and borrow… More>>

Collection agency is an organization that collects the payment of past-due bills. Many physicians, dentists, hospitals, stores, and manufacturers… More>>

Finance company