In investing and everything about money matters, there are a lot of terms that you need to familiarize yourself with. One such term is in-house financing. What does it mean and is it good or bad?

Well, for people with bad credit ratings, in-house financing is good. This is because this refers to the loan offered by companies offering products or services to consumers. This means that an outside financial firm like a bank is not involved in the loan process.

This is very popular in the auto industry where automakers have their own financial entities which handle the loan for auto leases and other car loans.

This entry was posted on Friday, March 28th, 2008 at 12:23 am and is filed under Investing Basics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.