Consumers examining the debt they’re carrying — and the cost of servicing that debt — may be tempted to make the switch away from credit cards. And there’s some evidence that the pivot has already begun. In joint research conducted by PYMNTS Intelligence and Nuvei...
In an increasingly complex finance environment where consumer services proliferate, consumers are searching for ways to gain control over their finances. One crucial aspect of financial control is bill payment. Many consumers find the bill payment process frustrating and lacking in ease and convenience. They...
While credit rules may vary in other countries, in the United States, having a good credit score is the passport to securing a mortgage, a car loan, or student loan. Basically, it’s not just a nice-to-have — it’s a near-basic necessity. But as noted in...
Imagine being at the checkout, set to pay for a snack you’ve just grabbed. Suddenly, the digital screen of the point-of-sale system lights up, suggesting a tip amount significantly higher than your usual practice. The pressure intensifies when someone in line is watching, peeking at...
Inflation has heightened the cost of living, prompting consumers, especially those living paycheck to paycheck, to look for extra ways to supplement their regular income. In The Supplemental Income Edition of the “New Reality Check: The Paycheck-to-Paycheck Report,” PYMNTS Intelligence draws on insights from a...
Generally speaking, the higher your credit score, the more favorable interest rates and terms you can benefit from when getting a loan. The scoring model FICO ranges from 300 to 850. A “good” score generally is above 670, a “very good” score is over 740,...
LendingTree continued to be affected by high interest rates and consumers having difficulty accessing credit in the third quarter. During the quarter ended Sept. 30, the online lending marketplace’s revenue totaled $155.2 million, down 35% from the same quarter a year earlier, according to a shareholder letter released...
Living paycheck to paycheck continues to be the predominant financial lifestyle in the United States. As of September 2023, 62% of consumers live paycheck to paycheck, with 22% struggling to pay their monthly bills. Despite efforts to manage budgets, consumers across financial lifestyles report putting...
The latest reading on consumer sentiment signals that high-income consumers may embrace a few strategies to deal with concerns over inflation and dwindling stock portfolios. Tactics include cutting back, trading down — and perhaps embracing buy now, pay later as the tool that helps them...
