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
Middle-Class Crunch Leads to Consumer Cutbacks and Merchant Trade Downs 
Consumer Finance
Middle-Class Crunch Leads to Consumer Cutbacks and Merchant Trade Downs 
August 23, 2023

Consumers making between $50,000 and $100,000 may be caught in a middle-income “crunch” these days as inflation’s growth slows while still trending upwards, and real wages stagnate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Buy Now, Pay Smarter: How Digital Solutions Reshape Credit Behavior 
Consumer Finance
Buy Now, Pay Smarter: How Digital Solutions Reshape Credit Behavior 
August 19, 2023

Americans credit card payment delinquencies are starting to pile up.   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...

Americans’ $2 Trillion in Pandemic Savings Nearly Exhausted
Consumer Finance
Americans’ $2 Trillion in Pandemic Savings Nearly Exhausted
August 17, 2023

American consumers’ savings cushion is no longer that cushiony, according to new Federal Reserve research. 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,...

Versatile Credit, Nationwide Marketing Group, Wells Fargo Launch Financing Portal
Consumer Finance
Versatile Credit, Nationwide Marketing Group, Wells Fargo Launch Financing Portal
August 15, 2023

Versatile Credit, Nationwide Marketing Group (NMG) and Wells Fargo have partnered to launch The Finance Hub, a consumer financing portal for merchants. 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...

The Parent Debt Trap: Parents’ Credit Card Balances 26% Higher Than Average
Consumer Finance
The Parent Debt Trap: Parents’ Credit Card Balances 26% Higher Than Average
August 15, 2023

That having children is costly may not be surprising — but the extent to which parents with children depend on credit cards is. Proprietary research prepared for the July “New Reality Check: The Paycheck-to-Paycheck Report,” a PYMNTS collaboration with LendingClub, details which consumers are carrying...

Apps and Alternative Data Key to Bringing Subprime Consumers Into Credit Mainstream
Consumer Finance
Apps and Alternative Data Key to Bringing Subprime Consumers Into Credit Mainstream
August 14, 2023

Inflation may be cooling but it still pressures consumers. 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,...

LendingPoint Launches Personal Financial Health and Management Tool for Customers
Consumer Finance
LendingPoint Launches Personal Financial Health and Management Tool for Customers
August 14, 2023

LendingPoint has added a personal financial health and management tool to its artificial intelligence (AI)-driven CreditTech platform. 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...

Better Credit Scores Could Put $1,700 in Consumers’ Pockets
Consumer Finance
Better Credit Scores Could Put $1,700 in Consumers’ Pockets
August 10, 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...

Fed Says Consumer Credit Grew 4.3% in June
Consumer Finance
Fed Says Consumer Credit Grew 4.3% in June
August 07, 2023

Consumer credit grew at a seasonally adjusted annual rate of 4.3% in June. 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....