A credit company is a financial institution or bank to which aims to lend money to companies or individuals in order to finance their projects.
There are several types of finance company:
- lease finance company. Legally, the lease is in fact a lease of property. We will only contract with a company credit who buys equipment and leases it to the borrower. On termination, it is possible to redeem the credit company leased equipment for its residual value or continue to rent at a very low price or to return it. The credit company remains owner of the property until the contract expires.
- credit company land which are credit institutions which have the exclusive purpose of grant or acquire secured loans, loans to public corporations and corporate securities, referred to in Articles L.515-14 to L.515-17.
In Belgium, there is also another type of society Credit: The credit companies office that allows individuals to finance the acquisition of real property for the purpose of housing (not leasing) a reduced rate mortgage.
Specifically, the credit company is an organization that lends money you finance your pout. For example buying a car, a real estate or your next vacation.
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