credit unions

Credit Unions Amass Largest Share of the Automotive Finance Market in Five Years

Through the first three months of 2022, there were some shifts in the automotive finance market, most notably, significant growth for credit unions. According to Experian’s State of the Automotive Finance Market: Q1 2022 report, credit unions amassed 22.06% of the total automotive finance market, up from 18.55% a year prior.

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Is buy now pay later the next scourge on consumer finances? 

Many consumers using Buy Now Pay Later products are avoiding taking on credit. The problem is they actually are still taking on debt. They just don\’t have the opportunity to boost their credit scores by doing well and paying off debt, and many of those consumers also end up taking out a loan or overdrawn their accounts just to pay off the Buy Now Pay Later.

Is buy now pay later the next scourge on consumer finances?  Read More »

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