Consumers loaded up on debt even before the holidays and into Black Friday — and those of us living paycheck to paycheck may feel the pinch of that added debt. Right as delinquencies are creeping up. The latest data from the Federal Reserve, released Monday (Jan....
Consumers’ total outstanding credit leapt by $23.7 billion in November after growing by $5.8 billion the previous month. Revolving credit accounted for $19.1 billion of the increase, while nonrevolving credit made up the other $4.6 billion, the Federal Reserve said Monday (Jan. 8) in its monthly report on consumer...
As the impact of rising prices on bill payments becomes more pronounced, U.S. consumers are increasingly relying on credit cards to manage their finances. Cardholders are also seeking credit cards that offer rewards and financial management features to navigate the economic turbulence, as inflation takes...
Individuals and households are paying down at least some of their debt — bringing the “headline” consumer credit number down a bit. But the devil’s in the details, and the details show that credit card debt continues to mount. To that end, the Federal Reserve’s latest...
June 27, 2024
As consumers look for ways to make ends meet, many of those who do not have a financial safety net are forced to carry their credit card balances over to future bills. By the Numbers “The Credit Card Use Deep Dive Edition” of the PYMNTS Intelligence series “New Reality Check: The Paycheck-to-Paycheck Report” draws from […]
November 17, 2023
As the impact of rising prices on bill payments becomes more pronounced, U.S. consumers are increasingly relying on credit cards to manage their finances. Cardholders are also seeking credit cards...
October 13, 2021
When Visa Installments was launched in Australia last week with ANZ bank and Quest Payment Systems, it was seen as a sign that large global players have acknowledged the growth...
November 22, 2019
Consumers and their credit providers aren’t always aligned when it comes to best outcomes. For a customer using a revolving credit tool, such as a credit card, the best outcome...
January 08, 2024
Consumers’ total outstanding credit leapt by $23.7 billion in November after growing by $5.8 billion the previous month. Revolving credit accounted for $19.1 billion of the increase, while nonrevolving credit made up the other $4.6 billion, the Federal Reserve said Monday (Jan. 8) in its monthly report on consumer credit outstanding. “In November, consumer credit increased at a seasonally […]
August 07, 2023
Consumer credit grew at a seasonally adjusted annual rate of 4.3% in June. Revolving credit decreased at an annual rate of 0.6% during the month, while nonrevolving credit increased by...
June 07, 2023
Consumer credit grew at a seasonally adjusted rate of 5.7% in April. Revolving credit increased at an annual rate of 13.1% during the month, while nonrevolving credit grew at an...
