saralafferty saralafferty

06-06-2024
Business

Answered

Select the correct answers.
Which two statements about financial service companies are true?
They offer loans only to consumers who have good credit ratings.
They partner with businesses to provide credit to consumers.
They are the largest type of financial institution in the United States.
They charge a higher interest on loans to consumers than banks do.
They specialize in providing residential and commercial property loans.
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Answer :

GinnyAnswer GinnyAnswer

06-06-2024

Final answer:

Financial service companies provide personal loans and financing at higher interest rates to individuals with lower credit ratings.

Explanation:

Financial service companies are non-depository financial institutions that offer personal loans and financing, often at higher interest rates than traditional banks. They primarily lend to individuals with lower credit ratings who may struggle to borrow from other sources. Unlike banks, they raise funds through commercial paper, bonds, and equities.

Learn more about Financial service companies here:

https://brainly.com/question/37643799

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