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
Consumer Finance
58% of US Consumers Sell Used Clothes to Earn Extra Money
April 10, 2024

In the latest edition of “The Paycheck-to-Paycheck Report: High-Income Consumers Lead Surprising New Data on Side Hustles,” PYMNTS Intelligence explored a variety of methods U.S. consumers pursue to pick up a little extra cash. Get the Full Story Complete the form to unlock this article...

Consumer Finance
Zolar Raises $109 Million to Launch Financing Solution for Solar
April 08, 2024

Zolar, a digital platform for residential solar in Germany, has reportedly raised €100 million (about $109 million) in funding to launch a new financing solution for residential solar consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Consumer Finance
Consumers’ Total Outstanding Credit Rose 3.4% in February
April 05, 2024

Consumers’ total outstanding credit increased by $14.1 billion in February. 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...

Consumer Finance
Paycheck-to-Paycheck Economy Moves to Higher-Income Brackets
April 05, 2024

The good news is the U.S. economy added more than 300,000 jobs last month and many U.S. workers are now earning higher wages.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Consumer Finance
Unexpected Expenses Cost Consumers $5,500 on Average Last Year
April 05, 2024

Unemployment dropped 3.8% last month, offering another sign that the U.S. economy is on a slow but steady upward trajectory. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Consumer Finance
Nearly 6 in 10 US Consumers Live Paycheck to Paycheck 
April 04, 2024

When asked to describe their financial situation recently, nearly one-third of Americans said they are meeting their expenses “with a little left over.” When asked to identify their biggest source of financial stress over the last 30 days, 80% said price increases.  Get the Full Story...

Consumer Finance
Price-Conscious Consumers Open Door for POS Financing Options
April 04, 2024

As inflation persists, so does sticker shock. 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...

Consumer Finance
OCC Asks FIs to Offer Customers ‘High-Quality Financial Literacy Education’
April 03, 2024

This week, the Office of the Comptroller of the Currency (OCC) asked U.S. financial institutions (FIs) for their help in “improving the financial capability and financial health of their customers.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Consumer Finance
Block Gains Flexibility With Latest Amendment to Revolving Credit Agreement
April 01, 2024

Block has entered into the eighth amendment to its revolving credit agreement with its lenders and the administrative agent, Goldman Sachs Bank USA. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...