Financing companies are corporations, identical to banks, investment houses, savings and loan associations, insurance companies, cooperatives, and other financial institutions

Through a finance company, borrowers with poor credit will usually have access to funds otherwise unavailable through traditional bank lenders or unsecured credit cards.

One of the functions of Financing Companies is to Lend to Purchase Product

Financing companies shall be organized in the form of a non-stock corporation

One of the rights and power of Financing Companies is to engage in trust operations not subject to the provisions of the General Banking Act and without prior approval by the BSP

BSP has the right and power to provide foreign currency loans and leases to enterprises that earn foreign currency by exports or other means subject to existing laws, rules and regulations promulgated by the BSP

A special type of financing that is conducted by finance companies owned by parent companies that sell products or services.

Receivable financing is a mode of extending credit through the purchase by, or assignment, to, a financing company of evidence of indebtedness or open accounts by _________ or __________

Total assets inclusive of valuation reserves and deferred income but shall not include investments in real estate, in shares of stock of real estate development corporations or in real estate based projects, leasehold rights and improvements, fixed assets, foreclosed properties and prepayments.

An auto loan is a ________ because the vehicle serves as collateral for the loan.

An institution engaged in such specialized forms of financing as purchasing accounts receivable, extending credit to retailers and manufacturers, discounting installment contracts, and granting loans with goods as security.

The amount paid for the subscription of stock in a corporation including the amount paid in excess of par value.

In Financing Companies, the word commission refers to the office of the ________

More than __________ of the funds of a financing company shall be used or invested in financing company activities.

All are roles of financing companies except:

All of these are part of the pros of private financing companies except for:

Sales finance companies focus on giving loans to _______

This republic act is an act which amends the Republic Act No. 5980, also known as the Financing Company Act.

It is one of the risks faced by the finance companies where one of its definition is that it has a high return, high risk nature of loans which makes performance sensitive to prevailing economic conditions.

Finance markets participate in a wide range of financial markets, these include:

Bank loans does not require a collateral

Private financing companies have a simple and fast application process, that's why they are mostly chosen by businesses.

Unlike banks, private financing companies offer a low-interest rate.

Financing Companies does not participate in variety of financial markets.

Business credit companies majors on giving installment loans to consumers.

Some states allow finance companies to accept customer deposits.

Federal regulations do not apply if the finance companies are acting as bank holding companies or are subsidiaries of bank holding companies

Factoring of accounts receivable is one of the mentioned uses of finance company funds.

The following are types of finance company except: