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
Consumers’ Total Outstanding Credit Leapt $19.5 Billion in January
Consumer Finance
Consumers’ Total Outstanding Credit Leapt $19.5 Billion in January
March 07, 2024

Consumers’ total outstanding credit leapt by $19.5 billion in January. 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. By completing this...

Nova Credit Launches Alternative Credit Data Platform for Lenders
Consumer Finance
Nova Credit Launches Alternative Credit Data Platform for Lenders
March 04, 2024

Nova Credit has introduced its Nova Credit Platform, which is aimed at transforming how lenders manage and analyze consumer credit data.  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...

How WealthTech Firms Are Simplifying Investing for Tomorrow’s High-Net-Worth Individuals
Consumer Finance
How WealthTech Firms Are Simplifying Investing for Tomorrow’s High-Net-Worth Individuals
March 04, 2024

A staggering $84 trillion is the amount of cash and assets that Generation X, millennials and Gen Z consumers are set to inherit from older generations over the next two decades. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Bad Financial Management Habits Lead 30% of Affluent Consumers to Live Paycheck to Paycheck
Consumer Finance
Bad Financial Management Habits Lead 30% of Affluent Consumers to Live Paycheck to Paycheck
February 27, 2024

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Report: UK Car Loan Probe Could Hurt Banks
Consumer Finance
Report: UK Car Loan Probe Could Hurt Banks
February 25, 2024

England’s financial watchdog is taking a long look at the way lenders financed car loans. 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,...

Paycheck-to-Paycheck Consumers Could Benefit From Capital One/Discover Deal
Consumer Finance
Paycheck-to-Paycheck Consumers Could Benefit From Capital One/Discover Deal
February 23, 2024

In what could be one of the largest acquisitions of the decade, Capital One recently announced it wants to purchase Discover Financial in a deal valued at more than $35 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Younger Borrowers Feel Strain as Card and Auto Loan Delinquencies Rise
Consumer Finance
Younger Borrowers Feel Strain as Card and Auto Loan Delinquencies Rise
February 06, 2024

The pressures of increased debt burdens are put in stark relief with the latest data from the central bank. 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...

Nearly Half of Credit Users Expect Higher Interest Rates in 2024
Consumer Finance
Nearly Half of Credit Users Expect Higher Interest Rates in 2024
February 03, 2024

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Just One-Tenth of Savings Are Stored in Financial Assets
Consumer Finance
Just One-Tenth of Savings Are Stored in Financial Assets
January 30, 2024

In times of economic turbulence such as these, investing in interest-bearing financial assets is one way to mitigate the effects of inflation. Although U.S. consumers have seen their available savings dwindle in recent years, more consumers have decided to invest in funds and bonds, taking...