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
Ranks of Paycheck-to-Paycheck Consumers Fall Slightly in September
October 05, 2022

Unpacking how U.S. consumers at all income levels are making ends meet reveals that paycheck-to-paycheck living is becoming — or already is — accepted as a dominant lifestyle today, and it’s likely to be with us for some time to come, with or without a...

Consumer Finance
FinTech Platforms Help Paycheck-to-Paycheck Consumers Pay off Debts
October 03, 2022

Charging things to a credit card and paying the balances over time is no longer optimal — perhaps no longer even feasible if you’re paying the minimum every month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Consumer Finance
SoFi Debuts ‘On The Money’ Consumer Finance Site
September 27, 2022

Personal finance company SoFi has debuted “On the Money,” a digital content hub that lets members stay on top of their finances. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Consumer Finance
New Study: 60% of US Consumers Have Cut Spending Due to Inflation
September 27, 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...

Consumer Finance
Achieve Launches New Digital Personal Finance Brand
September 22, 2022

Personal finance company Achieve has launched a new suite of offerings this month that is designed to get people on a better financial path, moving them from a position of financial struggle to one that is financially thriving, according to a press release Thursday (Sept....

Consumer Finance
LendingClub CEO Says Paycheck-to-Paycheck Living Is ‘New Climate Crisis’
September 22, 2022

As various government agencies and reports use slight inflationary easing to show the economy isn’t in such bad shape, there’s an unescapable chill in the air, and it’s not just winter. It’s the cold reality that living is less affordable than ever. Get the Full...

Consumer Finance
Data Brief: 62% of Consumers Still Expect Recession, Despite Easing Inflation
September 20, 2022

With the U.S. dollar worth only about 88 cents in real terms under inflation pressures of 2022, consumers are clearly fatigued by the affordability battle and not optimistic about regaining buying power in the immediate future, which may have an icy effect on winter holiday...

Consumer Finance
Credit Card Borrowing Nears Pre-Pandemic Levels
September 19, 2022

There are some things we want to see return to pre-pandemic levels, like traveling to far-flung locales or gathering with friends and family. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Consumer Finance
Chinese Economy Feels Sting of Younger Generation’s Thrifty Ways
September 19, 2022

Taking cues from society and social media, young people in China aged 16 to 24 are tucking their money away and going without little luxuries like manicures, high-end makeup and eating out. Get the Full Story Complete the form to unlock this article and enjoy...