What is consumer financing? Basically, this enables the customer to buy certain items either through their credit card or a loan. Some examples of these include purchasing a house, a car, college tuition or home improvement and given that these are necessities, you may have a career in consumer financing.
Your career will start by being a sales agent and offering credit cards to customers. Unlike debit cards that are provided by banks, the consumer can only spend a certain limit monthly and then pay these back when the bill comes.
Some of the people that are interested have never had a credit card before while others are getting another one.
If you know the features and benefits of the card you are selling very well, you may even persuade others to transfer their existing balance thus increasing the number of clients that your company is serving. This is better known as debt consolidation.
Other products that companies are offering these days include financing campaigns, interest free loans, installment loans and revolving credit.
Those who do well selling credit cards, your boss might let you handle something else like approve loans to...
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