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
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...

Consumer Finance
Consumers’ Total Outstanding Credit Leaps $23.7 Billion in November
January 08, 2024

Consumers’ total outstanding credit leapt by $23.7 billion in November after growing by $5.8 billion the previous month. 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...

Consumer Finance
Personal Loan Delinquencies Jump in Nov., Presaging Holiday ‘Hangover’
January 07, 2024

Americans ended 2023 dealing with increasing financial strain, relying more on personal loans. 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....

Consumer Finance
Paycheck-to-Paycheck Consumers May Have Reasons for Optimism, Data Shows
January 05, 2024

Consumers with difficulties making ends meet may have a reason to be optimistic, recent PYMNTS Intelligence data shows. 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...

Consumer Finance
Smart Credit Card Use Turns Debt Burdens Into Financial Flywheels
December 28, 2023

The holidays can be a stressful time financially for many consumers. 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...

Consumer Finance
Nearly 40% of High-Income Consumers Use Pay Later Plans
December 27, 2023

In recent years, split-pay options have gained popularity among consumers of all demographic groups looking for greater flexibility in managing their expenses. But it’s not millennial, Gen Z, or low-income consumers who are most likely to use these plans — it’s high-income consumers. This applies...

Consumer Finance
Credit-Marginalized Consumers Turn to High-Interest Credit to Cover Emergency Expenses
December 20, 2023

Emergency expenses are a reality all consumers eventually face — and when economic headwinds and factors like rising prices enter the equation, these unexpected expenses can be burdensome, especially for credit-marginalized and younger consumers. Some consumers’ savings will not be enough to cover the cost...

Consumer Finance
Nearly Half of 2023’s Paycheck-to-Paycheck Consumers Had Super-Prime Credit Scores
December 19, 2023

Many people are resorting to credit cards to navigate difficult financial times, especially as the rising prices of goods and services continues to weigh on U.S. consumers’ wallets this holiday season.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...