Millions of borrowers have reportedly seen their credit scores plummet because of delinquent student loans. Credit scores fell by more than 100 points for 2.2 million delinquent student loan borrowers, and by at least 150 points for more than 1 million borrowers during the first...
Forget complicated finance jargon. Whether it’s giant bank JPMorganChase or financial technology startup Stripe, offering shoppers the right mix of credit and debit cards and knowing how they use them is the secret to boosting long-term profits. For companies that issue cards, it’s a constant...
The past few weeks have been a roller coaster for consumers. Inflation is still a fact of life, tariffs have influenced what we buy, and from whom. Earnings season has been marked by a slew of companies pulling guidance, because things are so uncertain. But...
Financial institutions and merchants face a persistent challenge: enabling consumers to navigate the inevitability of large, unplanned expenses without undue friction or financial strain. From emergency car repairs and essential appliance replacements to significant impulse buys like high-end electronics, these purchases, often costing hundreds or...
It looks like the paydowns on debt, for most U.S. households, were just a temporary lull. Last month, PYMNTS reported that consumers had cut down at least a bit on their overall debt burden, paying down about $800 million. Spending on cards, long a mainstay...
Rising student loan defaults could reduce consumer spending by as much as $63 billion a year, according to Bloomberg Economics. After five years of there being no “involuntary collections” on defaulted loans, the U.S. Department of Education is set to restart collections and return the student loan...
Contrary to conventional wisdom, a recent PYMNTS report, “Interest in Mortgages Rises Among Younger, High-Income Individuals,” uncovers that income level is a significantly stronger predictor than age in determining whether consumers currently hold a mortgage or are interested in obtaining one. The study, based on a...
It takes a lot to get most people to agree on anything. Even members of the same family have a hard time deciding what movie to watch on a Friday night, what to name the new puppy or what color to paint the living room....
On Monday (March 31), PYMNTS Intelligence reported that for impulse and emergency purchases alike, a sizable segment of consumers are slightly more likely to pay with credit than cash. Roughly a third opt to use credit cards. More than a third of impulse and unplanned expenses...