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
Earnings Season Commentary Points to Pressures for Lower-Income Consumers
April 24, 2024

Earnings season is less than two weeks old. By and large, the data and the press releases indicate that consumers are still spending, on experiences especially, and are using their cards to do so. Get the Full Story Complete the form to unlock this article...

Consumer Finance
Why Unexpected Expenses Are Especially Harmful for the Credit-Marginalized 
April 24, 2024

Unexpected expenses can pack a financial punch for any consumer, but for those who are already dealing with credit-related issues, the blow can be especially devastating.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Consumer Finance
Beeline to Launch Spanish-Language Version of Home Loan Experience
April 22, 2024

FinTech mortgage lender Beeline will launch a Spanish-language version of its home loan experience on May 1. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Consumer Finance
Marqeta and Rain Team to Offer Earned Wage Access Debit Cards
April 18, 2024

Marqeta is expanding its earned wage access program with assistance from financial wellness provider Rain. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Consumer Finance
Nearly Half of US Consumers Earning $100K+ Live Paycheck to Paycheck
April 18, 2024

According to PYMNTS Intelligence, 62% of U.S. consumers now live paycheck to paycheck, and that includes 48% of consumers earning more than $100,000 annually. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Consumer Finance
Earnings Season and FICO Data Point to ‘Strong’ Consumer Credit Profiles
April 16, 2024

Earnings season, so far — and chiefly through the big banks — is pointing to some strength in consumer credit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Consumer Finance
CFPB Supports Connecticut Bill to Limit Reporting of Medical Debt
April 15, 2024

The Consumer Financial Protection Bureau (CFPB) has written a letter in support of a Connecticut bill that would prohibit healthcare providers in the state from reporting medical debt to consumer reporting agencies for use in a consumer report.  Get the Full Story Complete the form to unlock this...

Consumer Finance
57% of Gen Z Workers Say They Are Likely to Change Jobs in 2024
April 15, 2024

Despite news about a slight surge in retail sales, PYMNTS Intelligence has found many U.S. consumers have good reason to be concerned about their economic footing.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Consumer Finance
58% of US Consumers Sell Used Clothes to Earn Extra Money
April 10, 2024

In the latest edition of “The Paycheck-to-Paycheck Report: High-Income Consumers Lead Surprising New Data on Side Hustles,” PYMNTS Intelligence explored a variety of methods U.S. consumers pursue to pick up a little extra cash. Get the Full Story Complete the form to unlock this article...