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
CFPB: Consumer Finance Background Impacts How People Establish Credit Histories
June 08, 2017

The Consumer Financial Protection Bureau (CFPB) released a study Wednesday (June 7) that shows the way consumers establish their credit history can differ based on their economic background. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Consumer Finance
Household Borrowing, Consumer Debt, Reaches Record $12.73 Trillion
June 07, 2017

With incomes in the U.S. seeing less-than-stellar growth, a lot of spending is being done with consumer debt instead of cash, which could create problems for some consumers when it’s time to pay it back. Get the Full Story Complete the form to unlock this...

Consumer Finance
BoA Says Half Of All Workers Stressed Out Over Money
June 02, 2017

Bank of America Merrill Lynch released a new study Thursday (June 1) that shows 56 percent of workers are stressed out about their finances. What’s more, among those that are stressed, 53 percent said it interferes with their ability to focus and be productive at...

Consumer Finance
Consumer Credit Scores Hit Record High
May 30, 2017

Consumers in the U.S. have seen their credit scores reach record highs in the spring at the same time that the number of Americans who have the riskiest credit profile hit a record low. Get the Full Story Complete the form to unlock this article...

Consumer Finance
GDP Growth Slowed Less Than Expected But Concerns Abound
May 29, 2017

The economy in the U.S. slowed at a rate that was less than initially expected during the first three months of the year, but business investment softened and consumer spending moderated, raising concerns about the economy’s growth prospects for the current quarter. Get the Full...

Consumer Finance
M-Pesa Mobile Banking To Cover More Of Africa
May 29, 2017

Millions more smartphone users in Africa will now have access to basic banking services like borrowing and saving as the popular mobile financial service platform M-Pesa expands to cover more countries. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Consumer Finance
Commit To A Job? Millennials Literally Can’t Even, But Not For The Reasons You Think
May 23, 2017

If millennials have commitment issues at work, it’s not because they don’t value company loyalty. In fact, it’s possible they value it more than the companies themselves. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Consumer Finance
Millennials Want Financial Freedom; Boomers Want To Quit
May 22, 2017

Millennials are saving to have financial freedom at a faster rate than Gen Xers and baby boomers, who are more focused on saving to exit the workforce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Consumer Finance
US Consumer Sentiment Up Again In May
May 15, 2017

Despite all the political rancor going on in the U.S., consumer sentiment among consumers increased in May based on preliminary data from the University of Michigan’s consumer sentiment index. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...