Millions of federal student loan borrowers are racing to pick new repayment options under the governmental rules. That’s according to a report Sunday (Sept. 13) from The Hill, which says borrowers on the now-defunct Biden-era SAVE Plan must choose a new repayment plan within 90...
Watch more: Need to Know With Concora Credit’s Jason Tinurelli An emergency expense doesn’t need to overwhelm a household budget to create a credit problem. For subprime consumers, a medical bill, car repair or veterinary expense can redirect enough cash to jeopardize a payment, putting...
Meet Tom and Elaine. (Our names, not theirs.) Both report household income between $65,000 and $70,000. Both are married, live in a city and say day-to-day spending is why they live paycheck to paycheck. For both, the next paycheck is critical to meeting their monthly...
Block says it is opening its Cash App score to external lenders for the first time. Using Nova Credit as a distribution partner, Block will make Cash App’s proprietary, cash flow-based credit score available to lenders via Nova Credit’s Cash Flow Intelligence Platform, the company...
The biggest threat to the summer budget may be the expenses consumers can’t cancel. New PYMNTS Intelligence data suggests that groceries, utility bills and transportation costs are putting more pressure on household budgets than vacations, camps or back-to-school shopping. The findings come from “New PYMNTS...
TransUnion says it is modernizing the way it calculates U.K. consumers’ credit scores. The information, insights and credit reporting company on Wednesday (Aug. 26) introduced a new credit scoring system designed to help consumers better understand their credit score and their options when it comes to borrowing....
As today’s consumer confidence reading from The Conference Board shows, metrics can be complicated. They may be holding in a narrow range, but household finances are moving in a less stable direction. The August 2026 PYMNTS Consumer Expectations Index (PCEI) finds that the overall index...
Households squeezed by higher prices are getting better results when they treat budgeting like a toolbox, not a single pair of scissors. A new PYMNTS Intelligence data book, “Five Ways Consumers Make Tight Budgets Work Harder,” finds that consumers are combining small changes to protect essential spending. They’re trimming...
A posted hourly wage can overstate what a shift is worth to the person being asked to work it. Gas, tolls, vehicle expenses and unpaid travel time come out of what the worker earns, and those costs can turn an otherwise acceptable shift into one...