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What is an example of a consumer finance account


In general terms, all types of bank accounts, credit cards, and loans fall under the umbrella of consumer finance but the term usually applies to money that is made available to people to buy something specific.

What is considered a consumer finance account?

Consumer finance accounts, or consumer finance loans, are types of subprime loans given to people with less than perfect credit scores. If someone has trouble securing a traditional loan or credit card, they may look into getting a consumer finance account.

What are examples of consumer finance loans?

Affirm purports to offer a new spin on consumer financing: helping people afford to buy the things they want without getting into unmanageable debt. Here's a closer look at how Affirm works and the pros and cons of its short-term installment loan arrangements.




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