What is Foolsaurus?

It's a glossary of investing terms edited and maintained by our analysts, writers and YOU, our Foolish community.

Finance company

A finance company is store front business that makes high interest personal loans to those with a job and a credit rating. The best known are Household Finance (HFC), Dial Finance, and Beneficial Finance but local companies provide the service in many areas.

Expanded Definition

Those who qualify will usually be able to borrow money at lower interest from their credit union or elsewhere, but for those with a need for cash, they can be a useful service.

Most provide an array of financial services and can arrange home equity loans, auto loans, and debt consolidation loans to those who cannot qualify for financing elsewhere.

According to a websearch, HFC and Beneficial are now part of HSBC; Dial is a precursor to what is now Wells Fargo Finance.

Related Fool Articles

Related Terms

Recent Mentions on Fool.com