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
The Data Point: Financial Stressors Hammer 65% of Paycheck-to-Paycheck Consumers
Consumer Finance
The Data Point: Financial Stressors Hammer 65% of Paycheck-to-Paycheck Consumers
June 28, 2022

An inflationary shock is adding to the difficulties of consumers living paycheck-to-paycheck, often with little or no savings, with challenging life events compounding these problems. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

PYMNTS AM Radar: Walk This Way; Customization with APIs; Dining Loyalty; Paycheck to Paycheck Disruption; ICYMI
Consumer Finance
PYMNTS AM Radar: Walk This Way; Customization with APIs; Dining Loyalty; Paycheck to Paycheck Disruption;...
June 27, 2022

Today is Monday (June 27), and pending home sales data being released this morning are expected to show a 4% drop, the seventh straight month of declines. New home sales data on Friday (June 24) showed a rebound of 10.7% in May with the median...

NEW DATA: Two-Thirds of Paycheck-to-Paycheck Consumers Faced Financial Disruption in Last 36 Months
Consumer Finance
NEW DATA: Two-Thirds of Paycheck-to-Paycheck Consumers Faced Financial Disruption in Last 36 Months
June 27, 2022

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62% of Consumers Made Credit Card Payments in Last 90 Days
Consumer Finance
62% of Consumers Made Credit Card Payments in Last 90 Days
June 22, 2022

Credit cards are the most common credit products that U.S. consumers use. 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...

Debit Cards Are US Consumers’ Favorite Payments Go-To
Consumer Finance
Debit Cards Are US Consumers’ Favorite Payments Go-To
June 20, 2022

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Even High Earners Tapping Credit Lines Now to Offset Impact of Inflation
Consumer Finance
Even High Earners Tapping Credit Lines Now to Offset Impact of Inflation
June 16, 2022

If you were earning $250,000 per year, it seems as if you’d be insulated from the effects of inflation, but in fact, over one-third (36%) of earners in that bracket are spending every cent, every month. Get the Full Story Complete the form to unlock...

Insufficient Funds Caused 27% of Consumer Payment Declines in April
Consumer Finance
Insufficient Funds Caused 27% of Consumer Payment Declines in April
June 07, 2022

In April, insufficient funds became the most common reason that consumers’ payments were declined, according to “Digital Economy Payments,” a PYMNTS report based on a survey of 3,067 U.S. consumers.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

New Credit, Debit Products Aim for Straight A’s in Financial Literacy
Consumer Finance
New Credit, Debit Products Aim for Straight A’s in Financial Literacy
June 01, 2022

If you’re one of those who thinks high school kids should be able to elect Regents Trigonometry or Financial Literacy to get their diploma, there’s some good news for a change. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Report: 36% of Consumers Earning $250K+ Now Live Paycheck-to-Paycheck
Consumer Finance
Report: 36% of Consumers Earning $250K+ Now Live Paycheck-to-Paycheck
June 01, 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...