How Credit Insecurity is Changing U.S. Consumers’ Borrowing Habits

Meet the Credit Insecure: 80M US Consumers Who Lack Reliable Credit Access Credit may be tightening across the board right now, but 80 million U.S. consumers have been denied access to credit at least once in the last 12 months. These are the credit insecure, and PYMNTS’ latest study of 2,678 consumers “How Credit Insecurity is Changing U.S. Consumers’ Borrowing Habits,” a collaboration with Sezzle, analyzes who they are, the cost of being credit insecure and the surprising reasons why their credit access is so limited.
Inside the April Study
  • 46%: Portion of credit insecure consumers who could not get more credit due to their credit scores
  • 86%: Share of credit marginalized consumers who live paycheck to paycheck and thus are more susceptible to negative financial impacts from life events
  • 21%: Portion of credit marginalized consumers did not apply for new credit products due to a fear of rejection

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    The Credit Accessibility Report

    The Credit Accessibility Series: Unexpected Expenses and the Demand for External Financing Solutions
    The Credit Accessibility Series: Declining Purchasing Power Pushes Consumers to Improve Credit Scores
    The Credit Accessibility Series: Economic Malaise Exacerbating U.S. Consumer Debt Levels
    How Consumers Use Overdrafts
    The Credit Insecure Need More Education
    BNPL's Wide-Ranging Impact on Consumers and Merchants