![]() ![]() ![]() This process is experimental and the keywords may be updated as the learning algorithm improves. These keywords were added by machine and not by the authors. Shortly, consumer financing is all kind of funding activities catering consumers who want to buy merchandise with instalment system. Includes motor vehicle loans owned and securitized by depository institutions, finance companies, credit unions, and nonfinancial business. ![]() Moreover, this chapter asserts that the development of the national economy, the acceleration of urbanization, changes in the consumption philosophy among the younger generations, and improvements in the social credit system are the impetus behind the growth of consumer finance in China. Its technology platform integrates consumer finance websites with online providers of loans, insurance and other credit products, while its software assesses more than 400,000 loan applicationsamonth. Industry Whistleblowers Back to the questionnaire Ver pgina en espaol Why financial well-being At the CFPB, we work to help consumers like you take control of your financial life to reach your own life goals, achieve financial peace of mind, and avoid pitfalls that can derail you. According to the authors, the development of the national economy, the formation of the market (in which supply exceeds demand), the residents’ consumer structure, and the social security system are considered to be the four economic bases for consumer finance in China. Consumer finance definition: A consumer is a person who buys things or uses services. Consumers refer to individuals and families. Consumer finance refers to the borrowing, saving, and investment choices that people (i.e., households) make over time. Consumer loans are mortgages, credit cards, auto. The purpose of this literature review paper is to define consumer finance, describe the scope of consumer finance and discuss its future research directions.,In this paper, consumer finance is used as a synonym of household finance. This chapter also gives an overview of the development of consumer finance in China. A consumer loan is a credit type offered to customers to aid them in financing only specific expenditures. This chapter analyzes consumer finance and its significance and discusses consumer finance’s concept and effects as well as its real economic foundation. ![]()
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