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
Backbase Acquires UK-Based Digital Wealth Platform Nucoro
Consumer Finance
Backbase Acquires UK-Based Digital Wealth Platform Nucoro
June 15, 2023

Backbase, a global engagement banking software provider, has made a foray into the digital wealth space with the acquisition of London-based firm Nucoro. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Nearly 40% of Millennials Turn to Side Hustles to Pay Bills
Consumer Finance
Nearly 40% of Millennials Turn to Side Hustles to Pay Bills
June 08, 2023

Even as millennials age into increased financial responsibility, more members of the generation are having trouble making ends meet. 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...

Fed Says Total Consumer Credit Outstandings Grew 5.7% in April
Consumer Finance
Fed Says Total Consumer Credit Outstandings Grew 5.7% in April
June 07, 2023

Consumer credit grew at a seasonally adjusted rate of 5.7% in April. 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...

23% of Millennials Pay Bills Easiest to Pay First
Consumer Finance
23% of Millennials Pay Bills Easiest to Pay First
June 01, 2023

Retail and digital media subscription firms beware, as these are the payments consumers are most likely to skip when in a pinch, although there are strategies and tools to lessen the chances of partial or skipped payments. Get the Full Story Complete the form to...

Sorbet Launches On-Demand PTO Cash Advance Solution in 8 States
Consumer Finance
Sorbet Launches On-Demand PTO Cash Advance Solution in 8 States
June 01, 2023

Sorbet has launched a platform that lets employees access the value of their unused paid time off (PTO). 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...

Meet the High Earners Who Can’t Get Credit
Consumer Finance
Meet the High Earners Who Can’t Get Credit
May 30, 2023

Access to credit may be the key factor determining whether consumer spending will continue to be resilient. Or not. 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...

When Credit Status Is Hurt by Unexpected Life Events, Lack of Credit Knowledge
Consumer Finance
When Credit Status Is Hurt by Unexpected Life Events, Lack of Credit Knowledge
May 30, 2023

A confluence of factors is hurting large swaths of U.S. consumers with little to no access to credit, and a widespread lack of knowledge about how credit works is adding to the problem. Get the Full Story Complete the form to unlock this article and...

40% of Brazilians at Risk for Debt Defaults
Consumer Finance
40% of Brazilians at Risk for Debt Defaults
May 28, 2023

Brazil’s consumers and merchants have found themselves sinking deeper and deeper into debt. 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....

7 in 10 Urban Consumers Live Paycheck to Paycheck
Consumer Finance
7 in 10 Urban Consumers Live Paycheck to Paycheck
May 24, 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...