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
NEW DATA: Two-Thirds of Paycheck-to-Paycheck Consumers Faced Financial Disruption in Last 36 Months
Consumer Finance
NEW DATA: Two-Thirds of Paycheck-to-Paycheck Consumers Faced Financial Disruption in Last 36 Months
June 27, 2022

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62% of Consumers Made Credit Card Payments in Last 90 Days
Consumer Finance
62% of Consumers Made Credit Card Payments in Last 90 Days
June 22, 2022

Credit cards are the most common credit products that U.S. consumers use. 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...

Debit Cards Are US Consumers’ Favorite Payments Go-To
Consumer Finance
Debit Cards Are US Consumers’ Favorite Payments Go-To
June 20, 2022

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Even High Earners Tapping Credit Lines Now to Offset Impact of Inflation
Consumer Finance
Even High Earners Tapping Credit Lines Now to Offset Impact of Inflation
June 16, 2022

If you were earning $250,000 per year, it seems as if you’d be insulated from the effects of inflation, but in fact, over one-third (36%) of earners in that bracket are spending every cent, every month. Get the Full Story Complete the form to unlock...

Insufficient Funds Caused 27% of Consumer Payment Declines in April
Consumer Finance
Insufficient Funds Caused 27% of Consumer Payment Declines in April
June 07, 2022

In April, insufficient funds became the most common reason that consumers’ payments were declined, according to “Digital Economy Payments,” a PYMNTS report based on a survey of 3,067 U.S. consumers.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

New Credit, Debit Products Aim for Straight A’s in Financial Literacy
Consumer Finance
New Credit, Debit Products Aim for Straight A’s in Financial Literacy
June 01, 2022

If you’re one of those who thinks high school kids should be able to elect Regents Trigonometry or Financial Literacy to get their diploma, there’s some good news for a change. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Report: 36% of Consumers Earning $250K+ Now Live Paycheck-to-Paycheck
Consumer Finance
Report: 36% of Consumers Earning $250K+ Now Live Paycheck-to-Paycheck
June 01, 2022

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The Data Point: 51% of Consumers Highly Interested in Digital Bill Pay Will Pay for the Service
Consumer Finance
The Data Point: 51% of Consumers Highly Interested in Digital Bill Pay Will Pay for...
May 30, 2022

We may get a sense of satisfaction from doing so, but no one really likes paying bills. That’s doubly true if the bill pay experience is outdated, outmoded and out of step with expectations. Get the Full Story Complete the form to unlock this article...

Savings Cushion Dwindles for Lower Income Paycheck-to-Paycheck Economy
Consumer Finance
Savings Cushion Dwindles for Lower Income Paycheck-to-Paycheck Economy
May 27, 2022

The stressors mount. The savings dwindle. The credit cards offer only slight respite. And there’s not enough on hand to meet the unexpected curveballs life throws, inevitably. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...