credit card debt

T.J. Maxx Thrives as Bed Bath & Beyond Exits and Gen Z, Millennial Shoppers Drive Growth
T.J. Maxx Thrives as Bed Bath & Beyond Exits and Gen Z, Millennial Shoppers Drive...
May 18, 2023  |  Retail

Amid reports of struggling sales among other retailers, T.J. Maxx has benefited from the growing interest and support of Gen Z and millennial shoppers.  “We...

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Big Banks’ Consumer Loan Write-Offs Jump 73% in Q1
Big Banks’ Consumer Loan Write-Offs Jump 73% in Q1
April 18, 2023  |  Banking

America’s biggest banks are downplaying a massive spike in write-offs of bad consumer loans. As Bloomberg News reported Tuesday (April 18), the four largest banks...

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Inflation Slows, But Not Enough to Give Paycheck-to-Paycheck Consumers Relief 
Inflation Slows, But Not Enough to Give Paycheck-to-Paycheck Consumers Relief 
March 14, 2023  |  Economy

Inflation’s torrid pace is cooling a bit. But not enough to give paycheck-to-paycheck consumers relief from the everyday pressures of keeping a roof over their...

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Savings Barely Covers Credit Card Debt for Paycheck-to-Paycheck Consumers
Savings Barely Covers Credit Card Debt for Paycheck-to-Paycheck Consumers
March 06, 2023  |  Credit Cards

PYMNTS research shows that many consumers’ savings are barely enough to cover their debts. That’s according to findings in the February 2023 edition of the...

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27% of US Consumers Pulled Money From Savings to Manage Credit Card Debt
27% of US Consumers Pulled Money From Savings to Manage Credit Card Debt
February 28, 2023  |  Consumer Finance

Rising prices continue to affect consumers’ purchasing power, making it more difficult for those in all income levels to live within their means, put aside...

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Fewer Loans and Higher Rates the New Norm for Less-Than-Prime Borrowers
Fewer Loans and Higher Rates the New Norm for Less-Than-Prime Borrowers
February 15, 2023  |  Personal Loans

For less than prime borrowers, personal loans are harder to come by. Recent earnings results from platform lenders show that demand for personals loans is...

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Consumers Still Tapping Cards to Spend but Credit Growth Slows
Consumers Still Tapping Cards to Spend but Credit Growth Slows
November 07, 2022  |  Consumer Finance

We may be seeing a tipping point for debt — where gains in personal loan borrowing come at the expense of pricier credit card debt....

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Rising Card Delinquencies Fuel Demand for Debt Consolidation Loans
Rising Card Delinquencies Fuel Demand for Debt Consolidation Loans
October 31, 2022  |  Earnings

In navigating the credit cycle, in getting ready for what comes next, prudence is the best policy. Not just for the lenders — for the...

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Credit Card Borrowing Nears Pre-Pandemic Levels
Credit Card Borrowing Nears Pre-Pandemic Levels
September 19, 2022  |  Consumer Finance

There are some things we want to see return to pre-pandemic levels, like traveling to far-flung locales or gathering with friends and family. And then...

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