Think You’re Cut Out for Doing consumer finance company accounts? Take This Quiz
That’s right, you might be a little skeptical about taking my advice, but if you are, I am happy to answer your questions.
One of the most common questions we get is why a consumer finance company would want to make their customers sign up for a financial product that they probably couldn’t afford. They’re trying to make money, after all. It doesn’t matter if they are a credit card company or a bank, you will probably get the same answer. A financial product is something that a customer purchases and is given a financial benefit upon their successful payment.
The reason why we are so interested in a consumer finance company is because they have some incredible new and innovative ways to make money. The best part, they are doing it for the right reasons. Thats what makes us so excited about them.
You know what makes me so excited? These companies actually have an interest in doing what they are doing for the right reasons. Why do we care about this? Because its not just about making money. It also means they are good at what they are doing, and that makes us believe they are good at what they do.
Well, this company, Chase, is a lot of things. You can say they are big on debt, but that is a misnomer because they are also big on lending. You can say they are huge on credit cards. You can even say they are big on checking. But the truth is they are a lot of things. They are debt-paying giants, they are credit-giving giants, and they are making money on credit cards. They are making money on checking.
You should all be so lucky as to not have to worry about your credit card account. That’s right, Chase, you are a money-making machine! Although it is important to note that Chase is also a credit card company.
These are some of the main things that happen in consumer finance. Chase is a big player in the space. So is GMAC, the big mortgage lending company that is so popular right now. Other consumer finance companies are even bigger. Citibank is making money on credit cards and checking. All of the major credit card companies are big players so it’s not like they are just making money on credit cards. They are actually making money on credit cards and checking.
I think that consumers should be aware of the fact that credit card companies are making money off of checking accounts. The fact is that they use the same types of accounts as banks. So when they make money off of checking, they are making money off of credit cards. The same is true for the many other types of accounts like personal loans and home equity lines of credit. These are big players in our economy.
This doesn’t mean that the consumer is necessarily wrong for doing this. They can do it. They are simply wrong about it. I know I’ve been making money from personal loans since 1999. I think it is a great thing that consumers are aware of this fact.