Monthly Archives: April 2020

U.S. Point-of-Sale Installment Loan Market Snapshot to 2025 – Key Growth Drivers – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Point-of-Sale Installment Loans: The U.S. Market and International Perspectives, with the Market Impact Assessment of COVID-19” report has been added to from ResearchAndMarkets.com offer. Consumers in the United States have for decades relied primarily on a combination of credit cards, home equity lines of credit, or personal loans when purchasing large items, with […]

Credit Cards and Installment Loans: Misery May Love Company, But I’ll Take a Plastic Everyday

Our December 2019 Viewpoint, titled “Credit card lenders: refine your strategies and don’t let fintech scare you awayexplained how credit card issuers should not fear installment lenders trying to turn credit card balances into consolidation loans and acquire point-of-sale financing into term loans. The premise was simple: alternative lenders have not yet experienced an economic […]

Marcus by Goldman rolls out installment loans for high-value purchases

Goldman Sachs’ online retail banking division, Marcus, has launched an installment loan product, allowing users to split payments on big-ticket items into monthly loan repayments. Loans ranging from $750 to $10,000 are repaid over 12 or 18 months at a fixed rate of 10.99% to 25.99%, with no fees other than interest. The product has […]