Declining Purchasing Power Pushes Consumers to Improve Credit Scores

Nearly Half of Consumers Who Tried to Increase Their Credit Scores Did Discouragement, fear and frustration stop consumers when it comes to improving their credit scores, with at least 15% either not knowing where to begin or afraid of taking on more debt. PYMNTS Intelligence’s latest study of 2,558 consumers reveals the knowledge and tools consumers need to succeed in today’s economic environment. Read more in “The Credit Accessibility Series: Declining Purchasing Power Pushes Consumers to Improve Credit Scores,” a collaboration with Sezzle.
Inside the October/November Report
  • 34%: Share of credit builder app users who are more likely to have increased their credit score by more than 100 points than those who did not use these apps
  • 59%: Share of consumers who did not try to increase their credit score because they were content with the level of their credit score
  • 21%: Share of average consumers who were able to increase their credit score by more than 100 points
  • 397%: Share of debt Gen X owes as a percentage of their disposable income

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    Sezzle The Credit Accessibility Series

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