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
Report: Personal Loans Help 36M Paycheck-To-Paycheck Consumers Stay Afloat
September 22, 2021

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Consumer Finance
New PYMNTS Data Shows 20% of Durable Goods Buyers Use Lease-to-Own Programs 
September 21, 2021

Nearly 20% of U.S. consumers who acquired durable goods over the past 12 months did so using lease-to-own programs, PYMNTS research found. While those 34 million consumers tended to have fewer credit cards and lower credit scores, they also had access to personal loans, home...

Consumer Finance
Citing ‘Tale of Two Recessions,’ LendingClub Points to Need for Automated Savings 
September 21, 2021

Data tells a story — and depending on where you look, different data sets tell different stories. 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...

Consumer Finance
UNest Expands Funding Options with PayPal Integration
September 14, 2021

Money app UNest, which helps parents invest in and save for their children’s future financial needs, announced in a Tuesday (Sept. 14) press release that it’s now integrated with PayPal on a program that will allow UNest members to put money into their kids’ investment...

Consumer Finance
LendingClub CEO Says Breadth of Consumers Living Paycheck to Paycheck Is ‘Wake-up Call’
September 08, 2021

The paycheck-to-paycheck economy reaches far and wide, as a growing number of individuals and families across the U.S. struggle mightily to make ends meet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Consumer Finance
Most Consumers Overestimate Credit Scores But Still Want To Boost Them
August 25, 2021

There can be a wide gap between perception and reality – in all facets of life, but especially when it comes to credit scores. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Consumer Finance
Lending Club: Millennials’ Quest For Financial Freedom Hindered By Bad Debt, BNPL
August 16, 2021

With new PYMNTS data showing 60 percent of U.S. millennials currently living paycheck to paycheck, it could be argued that this oft-analyzed demographic is badly in need of some financial planning and education. Get the Full Story Complete the form to unlock this article and...

Consumer Finance
43 Million US Millennials Report Living Paycheck to Paycheck
August 10, 2021

Unlike in the classic tune, summertime doesn’t necessarily mean that the living is easy. Just ask the millions of Americans living paycheck to paycheck. Case in point: the August edition of Reality Check: The Paycheck-To-Paycheck Report, a LendingClub collaboration, for which PYMNTS surveyed more than...

Consumer Finance
New PYMNTS Data Show Half Of Consumers Can Now Cover Unexpected $400 Medical Bill Without...
August 05, 2021

Good news for recovery watchers: the average consumer is exiting the pandemic period demonstrably more financially stable than when it started a little over a year and a half ago. According to forthcoming PYMNTS data, 50 percent of consumers would be able to pay an...