consumer finance company
1
3.7
- noun
- /kənˈsjuːmər faɪˈnæns ˈkʌmpəni/
- Specialized
:
empresa de financiación al consumo
- A consumer finance company can help people with bad credit.
- largest consumer finance company
Examples
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A consumer finance company often charges higher interest rates than traditional banks.
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After being declined by their bank, they applied for a loan at a consumer finance company.
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Many people use a consumer finance company to cover emergency expenses when other credit is unavailable.
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Many consumer finance companies offer flexible repayment plans.
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A consumer finance company can help individuals secure loans when traditional banks won't approve them.
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Many people turn to a consumer finance company when they need funds for unexpected expenses.
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The consumer finance company offers various credit options to assist those with limited banking access.
Synonyms
A company that gives small loans to people who cannot get bank loans
How Large
Surface Forms
Morphology
The meaning 'a company that provides loans or credit to individuals' is directly and compositionally derivable from 'consumer' (individual buyer) + 'finance' (providing funds) + 'company' (organization). This noun-noun compound follows regular English compounding and has clear cross-linguistic parallels, so a B1 learner who knows the parts will readily infer the overall meaning.
Etymology
Consumer finance company literally names a business where a company gives money to consumers, meaning everyday people, for finance or 'loans'. Think of a small office where people go when a 'bank' says no; that's why it means a company that offers 'credit' or 'loans' to individuals who cannot get bank loans.