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
As Savings Dwindle, Paycheck-to-Paycheck Consumers Especially Vulnerable
Consumer Finance
As Savings Dwindle, Paycheck-to-Paycheck Consumers Especially Vulnerable
July 29, 2022

The cash cushion is dwindling across the board, as consumers dip into savings and inflation continues to take its toll. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

New Study Finds 70% of US Consumers Cutting Back on Nonessential Retail Purchases
Consumer Finance
New Study Finds 70% of US Consumers Cutting Back on Nonessential Retail Purchases
July 29, 2022

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42% of Consumers Volunteer Time, Donate Money to Local Charities
Consumer Finance
42% of Consumers Volunteer Time, Donate Money to Local Charities
July 28, 2022

Consumers who donate money to local charities tend to spend more money with local businesses as well. 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...

Inflation May Give Younger Consumers Pause Before Reaching for Their Cards
Consumer Finance
Inflation May Give Younger Consumers Pause Before Reaching for Their Cards
July 25, 2022

Inflation hits everyone, yes — and how they view their financial straits governs how they’ll spend in the near (and longer) term. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

As the Number of Payment Methods Consumers Use Increases, So Do Two Key Problems
Consumer Finance
As the Number of Payment Methods Consumers Use Increases, So Do Two Key Problems
July 22, 2022

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New Survey Shows Local Charitable Support Holds Big Sway Over Where People Bank
Consumer Finance
New Survey Shows Local Charitable Support Holds Big Sway Over Where People Bank
July 22, 2022

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New Survey Finds 3 in 4 Consumers With Strong Demand for Super Apps
Consumer Finance
New Survey Finds 3 in 4 Consumers With Strong Demand for Super Apps
July 18, 2022

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The Data Point: Life-Cycle Events Impact Paycheck-to-Paycheck Status for 51% of Millennials
Consumer Finance
The Data Point: Life-Cycle Events Impact Paycheck-to-Paycheck Status for 51% of Millennials
July 06, 2022

Until quite recently, the term “paycheck-to-paycheck” conjured images of subprime consumers with especially bad money management skills. We now know that this portrait is far from accurate, with our data finding 58% of all U.S. consumers just making ends meet. Get the Full Story Complete...

Paycheck-to-Paycheck Consumers Turn to Loans as Savings Safety Nets Fray
Consumer Finance
Paycheck-to-Paycheck Consumers Turn to Loans as Savings Safety Nets Fray
July 05, 2022

Personal savings serve key purposes, chief among them as a financial safety net. But runaway inflation has started to eat away at consumers’ cash reserves, which spiked when government stimulus was abundant — and are now getting more and more difficult to replenish. Get the...