Consumer Finance

Consumer financing is when a business offers financing to their customers with help from a professional finance company. This allows the consumer to pay for a good or service they couldn't pay for up front in cash or credit card. Consumer finance is helpful for both businesses and consumers
Homeowners Turn to HELOCs as Mortgage Rates Rise
Consumer Finance
Homeowners Turn to HELOCs as Mortgage Rates Rise
July 16, 2023

 American homeowners are reportedly living in the age of the HELOC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

Fed Data Shows Overall Consumer Credit Slows but Revolving Debt Grows  
Consumer Finance
Fed Data Shows Overall Consumer Credit Slows but Revolving Debt Grows  
July 10, 2023

For the U.S. consumer, call it a case of digesting the debt that’s already on the books. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Cost-of-Living Spikes Hit Higher Earners Hardest
Consumer Finance
Cost-of-Living Spikes Hit Higher Earners Hardest
July 10, 2023

Covering costs amid higher prices have left consumers across income levels stretching their budgets — even among those in the highest earning brackets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Online Groceries Secure Permanent Place in Consumer Spending on Essentials
Consumer Finance
Online Groceries Secure Permanent Place in Consumer Spending on Essentials
July 06, 2023

This installment of PYMNTS’ mini-series on consumer behavior popularized during the pandemic focuses on the rise of online grocery purchases. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

US Personal Income Rises as Consumer Spending Slows
Consumer Finance
US Personal Income Rises as Consumer Spending Slows
June 30, 2023

Consumer spending continued to drop in May as U.S. households curtailed spending and boosted their savings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Consumers Face Financial Crunch From Rising Emergency Expense Costs
Consumer Finance
Consumers Face Financial Crunch From Rising Emergency Expense Costs
June 26, 2023

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Backbase Acquires UK-Based Digital Wealth Platform Nucoro
Consumer Finance
Backbase Acquires UK-Based Digital Wealth Platform Nucoro
June 15, 2023

Backbase, a global engagement banking software provider, has made a foray into the digital wealth space with the acquisition of London-based firm Nucoro. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Nearly 40% of Millennials Turn to Side Hustles to Pay Bills
Consumer Finance
Nearly 40% of Millennials Turn to Side Hustles to Pay Bills
June 08, 2023

Even as millennials age into increased financial responsibility, more members of the generation are having trouble making ends meet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Fed Says Total Consumer Credit Outstandings Grew 5.7% in April
Consumer Finance
Fed Says Total Consumer Credit Outstandings Grew 5.7% in April
June 07, 2023

Consumer credit grew at a seasonally adjusted rate of 5.7% in April. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...