Consumers across income levels, credit scores and generations have accumulated high levels of debt. In fact, credit card debt recently surpassed $1 trillion for the first time. With this backdrop, high credit scores are pivotal to accessing credit and maintaining purchasing power. Consumers can improve...
The United States economy’s heavy reliance on domestic consumption has become more relevant than ever, with consumer credit card debt breaking the $1 trillion mark for the first time. Consumer drive to keep a certain standard of living — even if inflation and other factors push...
Current economic and financial conditions force consumers to tap overdrafts across income levels and credit personas. One in 5 consumers experienced overdrafts or declined transactions in the last year due to insufficient funds in their bank account. Nearly half of credit marginalized consumers experienced these...
In a credit-based economy such as that of the United States, credit scores determine more than whether consumers qualify for a mortgage or auto loan. Often, access to credit can also decide whether or not consumers can afford everyday essentials. Credit access is critical, yet...
December 20, 2023
Emergency expenses are a reality all consumers eventually face — and when economic headwinds and factors like rising prices enter the equation, these unexpected expenses can be burdensome, especially for credit-marginalized and younger consumers. Some consumers’ savings will not be enough to cover the cost of the unexpected, and not all consumers have rainy day […]
October 24, 2023
Consumers across income levels, credit scores and generations have accumulated high levels of debt. In fact, credit card debt recently surpassed $1 trillion for the first time. With this backdrop,...
