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
Are High-Income Consumers Poised to Pull Back and Trade Down?
Consumer Finance
Are High-Income Consumers Poised to Pull Back and Trade Down?
October 27, 2023

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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Millennials Turn to Deferred Payments to Spend More
Consumer Finance
Millennials Turn to Deferred Payments to Spend More
October 27, 2023

Millennials and bridge millennials most frequently turn to deferred payments for purchasing consumer items. 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...

Capital One Reports Delinquency Rate Back to Pre-Pandemic Level
Consumer Finance
Capital One Reports Delinquency Rate Back to Pre-Pandemic Level
October 26, 2023

The delinquency rate in Capital One’s domestic card business continued to rise in the third quarter and has returned to its pre-pandemic level. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Credit-Building Apps Ease Financial Wellness Path for High-Debt Gen Xers
Consumer Finance
Credit-Building Apps Ease Financial Wellness Path for High-Debt Gen Xers
October 24, 2023

In an era of increasing price levels and eroding purchasing power, having a high credit score is vital for accessing credit and maintaining financial stability. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Microcredit Puts Loans Within Reach of Emerging-Market Consumers
Consumer Finance
Microcredit Puts Loans Within Reach of Emerging-Market Consumers
October 18, 2023

From buy now, pay later (BNPL) to credit card installments, there are diverse credit and lending products available to consumers today. However, for two-thirds of the world’s population, particularly in emerging markets, access to formal credit can be extremely challenging, if not impossible, says Kunal...

Consumer Sentiment Study Sees Jump in Inflation One Year Out
Consumer Finance
Consumer Sentiment Study Sees Jump in Inflation One Year Out
October 13, 2023

Consumers don’t think the pressures on the household budgets are going to abate anytime soon. 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,...

Nearly 1 in 5 High-Debt Consumers With Credit Score Issues Have Filed for Bankruptcy
Consumer Finance
Nearly 1 in 5 High-Debt Consumers With Credit Score Issues Have Filed for Bankruptcy
October 12, 2023

Consumer credit card debt in the United States has surpassed the $1 trillion mark, leading to heightened concerns about credit insecurity among both consumers and providers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Zilch Launches Product to Improve Credit Access and Management
Consumer Finance
Zilch Launches Product to Improve Credit Access and Management
October 12, 2023

Zilch, a U.K.-based ad-subsidized payments network, has launched a new credit product called Zilch Up. 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,...

New Report Finds the Average Consumer Is Overdrawn for 9 Days
Consumer Finance
New Report Finds the Average Consumer Is Overdrawn for 9 Days
October 12, 2023

Present economic and financial challenges have compelled individuals from various income brackets and credit backgrounds to resort to overdrafts — a form of credit whereby a consumer’s bank covers a transaction or withdrawal when there isn’t enough money in an account. Get the Full Story...