Guide to Consumer Financing

 

Attorney Tommie Harsley's Guide to Consumer Financing

At the end of the day, the most critical aspect of any business is its sales – the higher the sales, the bigger the profit and the larger the growth. Companies often try to grasp customer attention and boost purchase rates by offering consumer financing – a facility that allows customers to buy now and pay later.

While it may initially seem like a good idea for businesses, Attorney Tommie Harsley empathizes that it’s essential to be well aware of the different types of consumer financing before offering it as an option to customers.

What is consumer financing?

In simple terms, consumer financing is a loan an individual takes out to purchase goods or services from a business. It’s generally seen as a way for people to spread the cost of an expensive purchase over a period of time, making it more affordable in the short term. Read more.

Location: United States

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