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
Paycheck-to-Paycheck Consumers Could Benefit From Capital One/Discover Deal
February 23, 2024

In what could be one of the largest acquisitions of the decade, Capital One recently announced it wants to purchase Discover Financial in a deal valued at more than $35 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Consumer Finance
Younger Borrowers Feel Strain as Card and Auto Loan Delinquencies Rise
February 06, 2024

The pressures of increased debt burdens are put in stark relief with the latest data from the central bank. 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...

Consumer Finance
Nearly Half of Credit Users Expect Higher Interest Rates in 2024
February 03, 2024

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...

Consumer Finance
Just One-Tenth of Savings Are Stored in Financial Assets
January 30, 2024

In times of economic turbulence such as these, investing in interest-bearing financial assets is one way to mitigate the effects of inflation. Although U.S. consumers have seen their available savings dwindle in recent years, more consumers have decided to invest in funds and bonds, taking...

Consumer Finance
Chase Teams With CarGurus’ for Online Auto Financing
January 29, 2024

Chase has joined CarGurus’ multilender financing platform, expanding options for consumers looking to prequalify for auto financing online. 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,...

Consumer Finance
As New Year Resolutions Often Fizzle, Will ‘Loud Budgeting’ Ring in Success?
January 20, 2024

The start of a new year often triggers the adoption of new behaviors such as joining a new gym, eating healthier or even opting to save more money. While some people maintain these behaviors for only a few days or weeks, others turn them into...

Consumer Finance
Most Gen X Cardholders Revolve Their Balances, Leading All Generations
January 19, 2024

In times of financial hardship, revolving a credit card balance to future months rather than paying it off entirely is a strategy consumers commonly adopt. But despite the oft-held assumption that members of Generation X are more averse to credit use than other generations because...

Consumer Finance
Credit Card Delinquencies Near Highest Level Since 2012
January 11, 2024

Credit card balances and delinquencies have been rising as consumer spending remains strong, but government support drops from pandemic levels. 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
Paycheck-to-Paycheck Consumers Show Strain as Revolving Credit Balances Spike 17.7%
January 08, 2024

Consumers loaded up on debt even before the holidays and into Black Friday — and those of us living paycheck to paycheck may feel the pinch of that added debt. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...