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
23% of Millennials Pay Bills Easiest to Pay First
Consumer Finance
23% of Millennials Pay Bills Easiest to Pay First
June 01, 2023

Retail and digital media subscription firms beware, as these are the payments consumers are most likely to skip when in a pinch, although there are strategies and tools to lessen the chances of partial or skipped payments. Get the Full Story Complete the form to...

Sorbet Launches On-Demand PTO Cash Advance Solution in 8 States
Consumer Finance
Sorbet Launches On-Demand PTO Cash Advance Solution in 8 States
June 01, 2023

Sorbet has launched a platform that lets employees access the value of their unused paid time off (PTO). 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...

Meet the High Earners Who Can’t Get Credit
Consumer Finance
Meet the High Earners Who Can’t Get Credit
May 30, 2023

Access to credit may be the key factor determining whether consumer spending will continue to be resilient. Or not. 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...

When Credit Status Is Hurt by Unexpected Life Events, Lack of Credit Knowledge
Consumer Finance
When Credit Status Is Hurt by Unexpected Life Events, Lack of Credit Knowledge
May 30, 2023

A confluence of factors is hurting large swaths of U.S. consumers with little to no access to credit, and a widespread lack of knowledge about how credit works is adding to the problem. Get the Full Story Complete the form to unlock this article and...

40% of Brazilians at Risk for Debt Defaults
Consumer Finance
40% of Brazilians at Risk for Debt Defaults
May 28, 2023

Brazil’s consumers and merchants have found themselves sinking deeper and deeper into debt. 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....

7 in 10 Urban Consumers Live Paycheck to Paycheck
Consumer Finance
7 in 10 Urban Consumers Live Paycheck to Paycheck
May 24, 2023

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 form, you agree to receive marketing communications from PYMNTS and...

Secondary Promotions Can Help Merchants Close, or Save, the Sale for Near Prime Consumers
Consumer Finance
Secondary Promotions Can Help Merchants Close, or Save, the Sale for Near Prime Consumers
May 17, 2023

The red lights are flashing. Credit is becoming more expensive, lenders are becoming more restrictive. 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,...

NY Fed: Mortgage Originations Dropped, Debt Delinquencies Rose in Q1
Consumer Finance
NY Fed: Mortgage Originations Dropped, Debt Delinquencies Rose in Q1
May 15, 2023

Mortgage originations dropped and debt delinquencies rose during the first quarter. 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...

FinTech Issuers Admit to Making Moving Money In and Out of Accounts a Hassle
Consumer Finance
FinTech Issuers Admit to Making Moving Money In and Out of Accounts a Hassle
May 15, 2023

Money mobility — a measure of how fast and frictionless it is to send and receive money to and from accounts — is becoming common payments parlance as the practice gains greater importance in the financial ecosystem. Get the Full Story Complete the form to...