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
Even High Earners Tapping Credit Lines Now to Offset Impact of Inflation
June 16, 2022

If you were earning $250,000 per year, it seems as if you’d be insulated from the effects of inflation, but in fact, over one-third (36%) of earners in that bracket are spending every cent, every month. Get the Full Story Complete the form to unlock...

Consumer Finance
Insufficient Funds Caused 27% of Consumer Payment Declines in April
June 07, 2022

In April, insufficient funds became the most common reason that consumers’ payments were declined, according to “Digital Economy Payments,” a PYMNTS report based on a survey of 3,067 U.S. consumers.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Consumer Finance
New Credit, Debit Products Aim for Straight A’s in Financial Literacy
June 01, 2022

If you’re one of those who thinks high school kids should be able to elect Regents Trigonometry or Financial Literacy to get their diploma, there’s some good news for a change. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Consumer Finance
Report: 36% of Consumers Earning $250K+ Now Live Paycheck-to-Paycheck
June 01, 2022

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...

Consumer Finance
The Data Point: 51% of Consumers Highly Interested in Digital Bill Pay Will Pay for...
May 30, 2022

We may get a sense of satisfaction from doing so, but no one really likes paying bills. That’s doubly true if the bill pay experience is outdated, outmoded and out of step with expectations. Get the Full Story Complete the form to unlock this article...

Consumer Finance
Savings Cushion Dwindles for Lower Income Paycheck-to-Paycheck Economy
May 27, 2022

The stressors mount. The savings dwindle. The credit cards offer only slight respite. And there’s not enough on hand to meet the unexpected curveballs life throws, inevitably. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Consumer Finance
Study Finds Debit Card NSF Declines on Rise
May 27, 2022

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...

Consumer Finance
The Data Point: 33% of Paycheck-to-Paycheck Consumers Are Less Likely to Be Using Credit
May 24, 2022

Revelations around the extent of paycheck-to-paycheck living are an eye-opener, with high-earners and strong credit scores living one experience, and those earning less or struggling with monthly bills having a very different time making monthly expenses and enjoying a few frills. Get the Full Story...

Consumer Finance
Millennial Minute: 25% of Millennials Familiar With Lease-to-Own Won’t Shop if It Isn’t on Offer
May 19, 2022

With PYMNTS’ research finding that 70% of bridge millennials and millennials are now living paycheck-to-paycheck, some struggling with monthly bills and some not, these high-earning, high-spending cohorts like to finance purchases more than others — especially pricey items. Get the Full Story Complete the form...