Ocean Finance is a loans, credit card and mortgages business set up in 1991 in Staffordshire, United Kingdom.
[2] The firm prospered on the back of rising house prices and the credit boom.
[3] The firm was bought by US insurance company American International Group (AIG) in 2006 for over £200m.
[7] In 2008, it launched the UK's first TV channel dedicated to promoting loans and mortgages.
[10] In 2004, the firm was criticized by some for its focus on offering second charge (secured) loans, to sub prime customers, often used for debt consolidation.