Answers.com > Wiki Answers > Categories > Business & Finance > How do finance companies make a profit?

How do finance companies make a profit?

In: Business & Finance [Edit categories]

Answer:

The finance companies give loans for interest at higher rates, they also lend money from banks and others for cheaper rates, if necessary. The difference of interest between these two is their profit.

First answer by PVS GUPTA. Last edit by PVS GUPTA. Contributor trust: 3 [recommend contributor ]. Question popularity: 1 [recommend question].

[report abuse]

Can you answer these Business & Finance questions?

	What should go first on a resume your qualities or technical skills?	Answer it!
	What are the subjects included in the new syllabus of BBA?	Answer it!
	What are time management problems?	Answer it!
	What is public financial administration?	Answer it!
	What do they call the benefits with the salary?	Answer it!

Relevant answers:

How does a company make a profit?
it manufactures or buys in large quantities and a low price and sells at a much larger price. The selling price is governed by the material cost, labour costs, etc these are classed as "on costs"....
Do health insurance companies make a profit?
Of course health insurance companies make a profit. And since they are publicly held companies, it's easy to see figure this out. The key figure to watch is called "medical benefit ratio." Simply...
Can a company make a profit and still not be profitable?
Yes. If this company gives all its profits to other organizations such as charities.
What company makes the most profit in the world?
Microsoft.
A Finance company to finance sales for your Company?
My company doe's home improvements.Need a finance company to finance