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
InDebted Notches $14M To Use Machine Learning In Debt Collection
March 05, 2020

The Australian FinTech InDebted announced it has raised A$14 million ($9 million) in its Series A funding round, co-led by venture capital firms Carthona Capital and MassMutual Ventures Southeast Asia, with participation from Reinventure. Get the Full Story Complete the form to unlock this article...

Consumer Finance
LendingClub President: FICO’s New Model Won’t Save A Credit Scoring ‘Dinosaur’
January 24, 2020

In lending, in determining whether credit is likely to be repaid by a borrower, the devil is in the details. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Consumer Finance
Verizon Partners With Synchrony On Credit Card Offering
January 24, 2020

Verizon is partnering with financial firm Synchrony to put out its own consumer card in the first half of this year, they said on Thursday (Jan. 23), according to published reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Consumer Finance
FICO’s New Scoring Algorithm Promises Big Swings In Consumer Scores
January 23, 2020

Might the rising tide of debt slow to a trickle? 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...

Consumer Finance
Personal Loan Growth Hints At Strategy Vs Credit Card Debt
November 26, 2019

Call it a case of six of one, half dozen of the other. 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....

Consumer Finance
Amex’s Revamped Green Card Expands Rewards For Travel, Transit, Dining
October 24, 2019

American Express has announced that it has reimagined its American Express Green Card to include new benefits and features. 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...

Consumer Finance
Square Cash Offers Free In-App Stock Trading
October 24, 2019

The popular Cash app, owned by Square, now has the ability for users to buy and sell stocks. 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...

Consumer Finance
Why Simple And Instant Is The Secret To Making Rebates Truly Rewarding
October 17, 2019

Rebates and cash-back offers sound great in theory — the customer purchases something they wanted anyway, and get a small incentive payment to reward them for making the buy. It is unsurprising, therefore, that they are so popular with consumers. One study found that 75.4...

Consumer Finance
Credit Evolution: From Coin To Card And Back Again
October 11, 2019

It’s hard to imagine a world without credit cards. After all, there were close to 480 million of them being used by U.S. consumers as of the fourth quarter of 2018, up more than 100 million since the Great Recession of 10 years ago. And...