credit scores

Credit Sesame Launches Credit-Building Debit Card
Credit Sesame Launches Credit-Building Debit Card
August 16, 2023  |  Personal Finance

Credit Sesame has unveiled a new product that aims to help individuals build and enhance their credit scores through their everyday debit purchases. The new...

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Apps and Alternative Data Key to Bringing Subprime Consumers Into Credit Mainstream
Apps and Alternative Data Key to Bringing Subprime Consumers Into Credit Mainstream
August 14, 2023  |  Consumer Finance

Inflation may be cooling but it still pressures consumers. And, as PYMNTS has found in recent months, individuals are turning more frequently to their credit...

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Upstart’s Unsecured Loan Automation Reaches All-Time High
Upstart’s Unsecured Loan Automation Reaches All-Time High
August 08, 2023  |  Earnings

Artificial intelligence (AI) lending platform Upstart has reached a record percentage of automated unsecured loans. “Last quarter, we reached an all-time high of 88% of unsecured loans...

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Petal Secures $200 Million to Expand Credit Card Program
Petal Secures $200 Million to Expand Credit Card Program
August 03, 2023  |  Financial Inclusion

Petal is preparing to expand its credit card program after securing a $200 million debt facility. The FinTech announced the funding — from investment firm Victory Park...

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Equifax Reports Historically Low Credit Card Delinquencies Amid Strong Q2 Performance
Equifax Reports Historically Low Credit Card Delinquencies Amid Strong Q2 Performance
July 20, 2023  |  Earnings

Equifax released its second quarter earnings report on Wednesday (July 20), announcing a “strong” earnings performance despite mortgage interest rates trending upwards since April.  In terms of...

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40% of BNPL Users Abandon Carts If That Option Is Missing at Checkout
40% of BNPL Users Abandon Carts If That Option Is Missing at Checkout
June 23, 2023  |  Buy Now Pay Later

Retailers that offer a variety of credit options draw in consumers battling the constraints of higher prices and stagnant wages to help them smooth things...

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When Credit Status Is Hurt by Unexpected Life Events, Lack of Credit Knowledge
When Credit Status Is Hurt by Unexpected Life Events, Lack of Credit Knowledge
May 30, 2023  |  Consumer Finance

A confluence of factors is hurting large swaths of U.S. consumers with little to no access to credit, and a widespread lack of knowledge about...

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Alt Credit Models and Platforms Improve Financial Inclusion for Credit Marginalized Consumers
Alt Credit Models and Platforms Improve Financial Inclusion for Credit Marginalized Consumers
April 27, 2023  |  Financial Inclusion

The traditional ways and means of scoring credit risk — and extending credit — are leaving significant swaths of consumers disenfranchised. And it’s the emergence...

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CFPB Finds Most BNPL Users Are Not Financially Distressed
CFPB Finds Most BNPL Users Are Not Financially Distressed
March 02, 2023  |  BNPL

BNPL users have relatively few financial safety nets in place should they run into difficulties managing their obligations.   That’s an if and not a when,...

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