What’s the Difference?

FFC offers two types of loans: closed-end (aka installment) and revolving. Both options give you the same choices of promotions and approvals. The main difference is how the customer’s payment is calculated.

Revolving accounts are open-ended and based on a minimum monthly payment using a simple payment factor like 1.5% or 2% of the loan amount.

Closed-end is set on a fixed term of 12-120 months, so the payment amount is based on the APR and term.

Loan forms are different for closed-end and revolving. If you’d like more information please call us at 855-241-0024