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
Rising Interest Rates Threaten Non-Bank Lender Business Models
Consumer Finance
Rising Interest Rates Threaten Non-Bank Lender Business Models
December 11, 2022

Finance companies have seen borrowing costs skyrocket this year as interest rates rise. 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....

Colleges Find a Digital Payment Silver Lining Amid Revenue Squeeze
Consumer Finance
Colleges Find a Digital Payment Silver Lining Amid Revenue Squeeze
December 09, 2022

Colleges face a new financial hurdle: employers dropping degree requirements for prospective hires.  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....

JG Wentworth Buys Stilt’s Digital Lending Platform 
Consumer Finance
JG Wentworth Buys Stilt’s Digital Lending Platform 
December 05, 2022

JG Wentworth has acquired FinTech and personal loan lender Stilt’s digital lending platform.  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...

Study Finds Consumer’s Perception of Inflation Worse Than What Government Reports
Consumer Finance
Study Finds Consumer’s Perception of Inflation Worse Than What Government Reports
December 05, 2022

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...

Grocery Stores Win Big This Holiday Season
Consumer Finance
Grocery Stores Win Big This Holiday Season
November 25, 2022

The Grinch is surely pleased that 15 million Americans — that’s almost 6% of all U.S. consumers — who bought holiday gifts last year say they’ll buy none this year, but it leaves the other 94%, give or take, to spend in different ways, with many...

Restaurants First to Go When Shoppers Cut Holiday Spending
Consumer Finance
Restaurants First to Go When Shoppers Cut Holiday Spending
November 23, 2022

For consumers looking to reduce their spending this holiday season as prices continue to rise, dining out is the indulgence that they are most ready to cut back on. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

40% of Paycheck-to-Paycheck Consumers Will Use Financing to Make Holiday Happen
Consumer Finance
40% of Paycheck-to-Paycheck Consumers Will Use Financing to Make Holiday Happen
November 17, 2022

With 15 million consumers — close to 6% of the United States population — sitting out holiday gift buying this year, roughly 40% will use financing tools to put gifts under the tree. Get the Full Story Complete the form to unlock this article and...

Half of Financially Distressed Consumers Plan to Finance Holiday Purchases
Consumer Finance
Half of Financially Distressed Consumers Plan to Finance Holiday Purchases
November 16, 2022

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Retailers Turn Data Into New Credit Options for Consumers
Consumer Finance
Retailers Turn Data Into New Credit Options for Consumers
November 15, 2022

Like so many things looked at from a pre- and post-COVID perspective, the traditional methods of measuring credit worthiness — and extending credit — no longer are applicable in today’s omnichannel environment. Get the Full Story Complete the form to unlock this article and enjoy...