In an era of increasing price levels and eroding purchasing power, having a high credit score is vital for accessing credit and maintaining financial stability. In “The Credit Accessibility Series: Declining Purchasing Power Pushes Consumers to Improve Credit Scores,” PYMNTS Intelligence draws on insights gathered from a...
From buy now, pay later (BNPL) to credit card installments, there are diverse credit and lending products available to consumers today. However, for two-thirds of the world’s population, particularly in emerging markets, access to formal credit can be extremely challenging, if not impossible, says Kunal...
Consumers don’t think the pressures on the household budgets are going to abate anytime soon. And certainly not in the next year. The University of Michigan’s latest reading of consumer sentiment fell sharply in its preliminary October reading, sliding from September’s 68.1 level to a...
Consumer credit card debt in the United States has surpassed the $1 trillion mark, leading to heightened concerns about credit insecurity among both consumers and providers. Against that backdrop, many consumers grappling with high debt are more likely to face bankruptcy and be limited to...
Zilch, a U.K.-based ad-subsidized payments network, has launched a new credit product called Zilch Up. Aimed at empowering individuals who are typically excluded from mainstream credit, this offering provides access to millions of people to build their financial profiles safely and responsibly, without incurring any...
Present economic and financial challenges have compelled individuals from various income brackets and credit backgrounds to resort to overdrafts — a form of credit whereby a consumer’s bank covers a transaction or withdrawal when there isn’t enough money in an account. In the past year,...
Through the next few months, the purses and wallets will open in anticipation of holiday spending. Beyond the cash flow hangover that might be a result, and as consumers continue to expect inflation to remain a feature of everyday life and perceive credit as tougher...
Even as monthly grocery inflation eases, PYMNTS Intelligence reveals, consumers are feeling the weight of the past three years of price increases when they go to the supermarket. By the Numbers A PYMNTS survey of more than 2,100 U.S. consumers finds that consumers estimate that...
The holidays are firmly in sight. LendingClub Senior Vice President of Membership and Lifecycle Strategy Amber Carroll said that as inflation remains entrenched, as we make our lists on who gets presents and what we’ll get them … those lists may be a bit slimmer...
