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
Payday Loans, Pawnshops And Borrowed Credit Cards: How Many Americans Got By In 2018
February 04, 2019

When it comes to managing personal finances, consumers are seemingly taking one step forward and three steps back. 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...

Consumer Finance
GoFundMe Crowdfunds For Furloughed Government Workers
January 21, 2019

It’s been 10 full days since government workers missed their paychecks due to the prolonged government shutdown, and one of the most recognizable crowdfunding companies is stepping in to help. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Consumer Finance
SWIFT Publishes Standard For Pay Later APIs
January 16, 2019

SWIFT announced Wednesday (Jan. 16) that it published a standard for the Pay Later APIs, which it said is a key step in enabling the adoption of a new consumer payment model. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Consumer Finance
Fiserv On Solving Cash Flow’s Crunch Digitally
January 16, 2019

Cash flow can make or break daily life for consumers or businesses. Not enough in your account? Plan on asking your landlord for a few more days to pay the rent. Not able to quickly access those funds in that check you just received? Payroll...

Consumer Finance
Report: Minority Consumers Grapple With Debt
January 14, 2019

A new report has found that as debt rates have climbed to pre-recession levels, minority consumers are struggling to reach financial parity. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Consumer Finance
Affirm Joins The High-Yield Savings Account Crowd
January 09, 2019

Affirm, a company founded by entrepreneur Max Levchin to provide fair alternative credit, has launched a new free saving account that offers a 2 percent annual interest rate. The move comes amid other such recent offers in the finance world. Get the Full Story Complete...

Consumer Finance
29 Pct Of Millennials Want To Pay Off Debt In 2019
January 02, 2019

Nearly all American millennials plan on making a financial resolution in 2019, with some of the biggest goals being to save more money, budget more effectively and pay off debt. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Consumer Finance
Consumer Credit Default Hits Low For Nov 2018
December 19, 2018

New data has found that the default levels for bank cards, auto loans and first mortgages have reached their lowest levels of 2018 within the past three months. The S&P/Experian Consumer Credit Default Composite Index shows that the composite rate rose one basis point from...

Consumer Finance
Barclays Upgrades Mobile Banking App To Control Spending
December 11, 2018

Barclays, the U.K. bank, announced Tuesday (Dec. 11) that customers of its mobile banking app now have the power to prevent spending at certain retailers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...