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: 56% of Paycheck-to-Paycheck Consumers Cancel Doctor Visits Over Cost
Consumer Finance
The Data Point: 56% of Paycheck-to-Paycheck Consumers Cancel Doctor Visits Over Cost
August 08, 2022

As inflation cuts into every aspect of affordability, consumers are not just cutting back on nonessentials, they’re also canceling medical appointments due to cost concerns. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

A ‘Tale of Two Halves’ as Paycheck-to-Paycheck Consumers Feel Added Financial Strain
Consumer Finance
A ‘Tale of Two Halves’ as Paycheck-to-Paycheck Consumers Feel Added Financial Strain
August 08, 2022

Cold inflationary winds are ruining warm summer fun for millions of consumers as new data reveals that 13% of Americans have spent more than they earned since the start of 2022. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Inflation Bites as 13% of US Consumers Spent More Than They Earned in Last Six Months
Consumer Finance
Inflation Bites as 13% of US Consumers Spent More Than They Earned in Last Six...
August 01, 2022

As inflation continues its upward swing, consumers worldwide are finding it more difficult to manage spending and put aside savings under mounting financial pressures. In June 2022, 61% of United States consumers were living paycheck to paycheck, a 5.5 percentage-point increase from June 2021. We...

As Savings Dwindle, Paycheck-to-Paycheck Consumers Especially Vulnerable
Consumer Finance
As Savings Dwindle, Paycheck-to-Paycheck Consumers Especially Vulnerable
July 29, 2022

The cash cushion is dwindling across the board, as consumers dip into savings and inflation continues to take its toll. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

New Study Finds 70% of US Consumers Cutting Back on Nonessential Retail Purchases
Consumer Finance
New Study Finds 70% of US Consumers Cutting Back on Nonessential Retail Purchases
July 29, 2022

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42% of Consumers Volunteer Time, Donate Money to Local Charities
Consumer Finance
42% of Consumers Volunteer Time, Donate Money to Local Charities
July 28, 2022

Consumers who donate money to local charities tend to spend more money with local businesses as well. 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...

Inflation May Give Younger Consumers Pause Before Reaching for Their Cards
Consumer Finance
Inflation May Give Younger Consumers Pause Before Reaching for Their Cards
July 25, 2022

Inflation hits everyone, yes — and how they view their financial straits governs how they’ll spend in the near (and longer) term. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

As the Number of Payment Methods Consumers Use Increases, So Do Two Key Problems
Consumer Finance
As the Number of Payment Methods Consumers Use Increases, So Do Two Key Problems
July 22, 2022

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New Survey Shows Local Charitable Support Holds Big Sway Over Where People Bank
Consumer Finance
New Survey Shows Local Charitable Support Holds Big Sway Over Where People Bank
July 22, 2022

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