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
Consumers’ Credit Card ‘Switch’ Looks Set to Benefit BNPL and Digital Wallets
Consumer Finance
Consumers’ Credit Card ‘Switch’ Looks Set to Benefit BNPL and Digital Wallets
November 16, 2023

Consumers examining the debt they’re carrying — and the cost of servicing that debt — may be tempted to make the switch away from credit cards. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Millennials Drive Mobile Adoption for Bill Payments
Consumer Finance
Millennials Drive Mobile Adoption for Bill Payments
November 14, 2023

In an increasingly complex finance environment where consumer services proliferate, consumers are searching for ways to gain control over their finances. One crucial aspect of financial control is bill payment. Many consumers find the bill payment process frustrating and lacking in ease and convenience. They...

BNPL and Financial Education Unlock Opportunities for Credit-Insecure Consumers 
Consumer Finance
BNPL and Financial Education Unlock Opportunities for Credit-Insecure Consumers 
November 13, 2023

While credit rules may vary in other countries, in the United States, having a good credit score is the passport to securing a mortgage, a car loan, or student loan. Basically, it’s not just a nice-to-have — it’s a near-basic necessity.  Get the Full Story...

34% of Consumers Say the Pressure to Tip Is Out of Control
Consumer Finance
34% of Consumers Say the Pressure to Tip Is Out of Control
November 13, 2023

Imagine being at the checkout, set to pay for a snack you’ve just grabbed. Suddenly, the digital screen of the point-of-sale system lights up, suggesting a tip amount significantly higher than your usual practice. The pressure intensifies when someone in line is watching, peeking at...

Nearly 60% of Consumers Without Paycheck Pressures Have a Side Hustle Just For Fun
Consumer Finance
Nearly 60% of Consumers Without Paycheck Pressures Have a Side Hustle Just For Fun
November 09, 2023

Inflation has heightened the cost of living, prompting consumers, especially those living paycheck to paycheck, to look for extra ways to supplement their regular income. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

What Are the Best Tactics to Improve Credit Scores? 
Consumer Finance
What Are the Best Tactics to Improve Credit Scores? 
November 02, 2023

Generally speaking, the higher your credit score, the more favorable interest rates and terms you can benefit from when getting a loan.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

LendingTree: Consumers Seek Loans but Credit Availability Has Contracted
Consumer Finance
LendingTree: Consumers Seek Loans but Credit Availability Has Contracted
October 31, 2023

LendingTree continued to be affected by high interest rates and consumers having difficulty accessing credit in the third quarter. 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...

Consumers Deplete Two-Thirds of Their Savings Every Four Years
Consumer Finance
Consumers Deplete Two-Thirds of Their Savings Every Four Years
October 30, 2023

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...

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...