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
Paycheck-to-​Paycheck Ranks Swell as Rising Prices Erode Savings
Consumer Finance
Paycheck-to-​Paycheck Ranks Swell as Rising Prices Erode Savings
February 09, 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...

Payment Declines Double in Value as Consumers Ramp up Big-Ticket Purchases in January
Consumer Finance
Payment Declines Double in Value as Consumers Ramp up Big-Ticket Purchases in January
February 03, 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...

Current Launches High-Yield Interest Offering to Help Customers Save
Consumer Finance
Current Launches High-Yield Interest Offering to Help Customers Save
January 13, 2022

U.S. FinTech platform Current announced Thursday (Jan. 13) that it has debuted a new high-yield offering called Current Interest. 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...

40% of Consumers Have a Negative View of the Economy
Consumer Finance
40% of Consumers Have a Negative View of the Economy
January 07, 2022

More consumers have a pessimistic outlook about the economy than did in May and, not surprisingly, fewer are optimistic. 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...

One-Third of US Shoppers Made Online Retail Purchases in December
Consumer Finance
One-Third of US Shoppers Made Online Retail Purchases in December
January 03, 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...

Why Some People’s Credit Scores Spiked During COVID
Consumer Finance
Why Some People’s Credit Scores Spiked During COVID
December 16, 2021

The early months of the pandemic saw businesses close their doors, putting millions of people out of work. At the same time, there was a bit of economic good news, at least for people with low to middling credit histories: Their scores went up. The...

With Inflation on the Rise, Paycheck-to-Paycheck Consumers See Loans as Financial Lifeline
Consumer Finance
With Inflation on the Rise, Paycheck-to-Paycheck Consumers See Loans as Financial Lifeline
December 08, 2021

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...

How Consumers Pay for the Half-Trillion Dollars They Spend Every Month
Consumer Finance
How Consumers Pay for the Half-Trillion Dollars They Spend Every Month
December 06, 2021

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...

US Consumers’ Savings Dip from Pandemic-Era Highs
Consumer Finance
US Consumers’ Savings Dip from Pandemic-Era Highs
November 23, 2021

Headlines show the employment picture is brightening a bit, economies are reopening … and perhaps, just perhaps, U.S. households are feeling more sanguine about their own financial footing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...