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
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...

Subprime Consumers Are ‘Credit Marginalized’ as Spending Lifelines Dry Up
Consumer Finance
Subprime Consumers Are ‘Credit Marginalized’ as Spending Lifelines Dry Up
October 11, 2023

Through the next few months, the purses and wallets will open in anticipation of holiday spending. 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...

Consumers Don’t Pay Attention to Month-to-Month Grocery Inflation
Consumer Finance
Consumers Don’t Pay Attention to Month-to-Month Grocery Inflation
October 11, 2023

Even as monthly grocery inflation eases, PYMNTS Intelligence reveals, consumers are feeling the weight of the past three years of price increases when they go to the supermarket. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

LendingClub: Consumers Need a Plan to Avoid the Holiday Revolving Debt Cycle
Consumer Finance
LendingClub: Consumers Need a Plan to Avoid the Holiday Revolving Debt Cycle
October 11, 2023

The holidays are firmly in sight. 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...

Nearly 3 in 4 Shoppers Rely on Installment Plans to Control Holiday Spending
Consumer Finance
Nearly 3 in 4 Shoppers Rely on Installment Plans to Control Holiday Spending
October 10, 2023

Accounting for nearly 20% of annual retail sales, the holiday season, which spans November and December, is a critical period for both merchants and consumers.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Report: 75% of Consumers Use Autopay for Bills Like Subscriptions and Streaming
Consumer Finance
Report: 75% of Consumers Use Autopay for Bills Like Subscriptions and Streaming
October 08, 2023

Autopay is rising among credit card customers, though it could cost them more over time. 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,...

60% of Cash-Strapped Consumers Still Splurge on Nonessentials
Consumer Finance
60% of Cash-Strapped Consumers Still Splurge on Nonessentials
October 06, 2023

In today’s consumer-driven society, it is not uncommon for individuals, even those living paycheck to paycheck and struggling to pay bills, to indulge in occasional splurges.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Student Loan Stocks Drop Ahead of Restart of Payments
Consumer Finance
Student Loan Stocks Drop Ahead of Restart of Payments
October 05, 2023

Stocks of companies related to student loans have experienced a drop in value ahead of the restart of student loan payments after a three-year pause and amid the Biden administration’s efforts to cancel some of that debt. Get the Full Story Complete the form to...