25% of Subprime Consumers Use Credit for Nonessentials to Improve Credit Score

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25% of Subprime Consumers Use Credit for Nonessentials to Improve Credit Score

pymnts.com/consumer-insights/2025/25-percent-of-subprime-consumers-use-credit-for-nonessentials-to-improve-credit-score

Contrary to perceptions of financial irresponsibility, a significant portion of subprime borrowers actively and strategically use credit to improve their financial standing, revealing an underserved market segment with a strong desire for traditional financial inclusion. It’s one of the…

This story appeared on pymnts.com, 2025-05-20 08:00:54.