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
70% of Millennials Live Paycheck to Paycheck
Consumer Finance
70% of Millennials Live Paycheck to Paycheck
February 16, 2022

Consumers who are currently living paycheck to paycheck hail from all generations and all income brackets, according to New Reality Check: The Paycheck-To-Paycheck Report, a PYMNTS and LendingClub collaboration that is part of a monthly series based on surveys of more than 36,000 U.S. consumers....

Ranks of Paycheck-to-Paycheck Consumers Expected to Swell in 2022
Consumer Finance
Ranks of Paycheck-to-Paycheck Consumers Expected to Swell in 2022
February 15, 2022

The data is sobering. 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...

42% of Consumers Want FIs to Offer Automatic Data Transfer When They Open New Accounts
Consumer Finance
42% of Consumers Want FIs to Offer Automatic Data Transfer When They Open New Accounts
February 15, 2022

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Paycheck-to-Paycheck Report: Gen Z Consumers Would Struggle Most to Pay $400 Emergency Expense
Consumer Finance
Paycheck-to-Paycheck Report: Gen Z Consumers Would Struggle Most to Pay $400 Emergency Expense
February 14, 2022

No one likes surprises when it comes to financial planning, but many people can afford to overcome the unexpected payout more than others. For those living paycheck to paycheck, though, an unexpected expense can send their financial picture into upheaval and increase their stress levels...

Report: Paper Still Plagues Bill Payment Processes for 88% of Utility, Consumer Finance Firms
Consumer Finance
Report: Paper Still Plagues Bill Payment Processes for 88% of Utility, Consumer Finance Firms
February 11, 2022

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PYMNTS Intelligence: 61% of the US Population Living Paycheck to Paycheck
Consumer Finance
PYMNTS Intelligence: 61% of the US Population Living Paycheck to Paycheck
February 09, 2022

A perfect storm of pandemic economic pressures is driving more working Americans to have to make ends meet between paychecks — a situation that isn’t improving much, if at all. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Paycheck-to-​Paycheck Ranks Swell as Rising Prices Erode Savings
Consumer Finance
Paycheck-to-​Paycheck Ranks Swell as Rising Prices Erode Savings
February 09, 2022

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Payment Declines Double in Value as Consumers Ramp up Big-Ticket Purchases in January
Consumer Finance
Payment Declines Double in Value as Consumers Ramp up Big-Ticket Purchases in January
February 03, 2022

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Current Launches High-Yield Interest Offering to Help Customers Save
Consumer Finance
Current Launches High-Yield Interest Offering to Help Customers Save
January 13, 2022

U.S. FinTech platform Current announced Thursday (Jan. 13) that it has debuted a new high-yield offering called Current Interest. 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...