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Share Name | Share Symbol | Market | Type |
---|---|---|---|
LendingTree Inc | NASDAQ:TREE | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.94 | -1.95% | 47.33 | 47.12 | 47.33 | 49.6179 | 46.76 | 48.50 | 156,444 | 17:15:27 |
CHARLOTTE, N.C., Oct. 4, 2021 /PRNewswire/ -- Interest in store credit cards plunged in 2021, according to a new report from LendingTree. However, consumers are still slightly more likely to use store cards to shop during the holidays than trendy buy now, pay later loans.
Key findings
"Store credit cards and "buy now, pay later" loans can both be useful tools if used wisely," said LendingTree's chief credit analyst, Matt Schulz. "They can offer some much-needed short-term flexibility for families that might need a little bit of help stretching their budget. However, like many financial tools, they're also dangerous when used carelessly or recklessly. Take time to research and understand what you're getting into."
To view the full report, visit: https://www.lendingtree.com/credit-cards/study/store-card-survey-holidays/.
Methodology
LendingTree commissioned Qualtrics to conduct an online survey of 2,050 U.S. consumers from Sept. 14 to Sept. 21, 2021. The survey was administered using a nonprobability-based sample, and quotas were used to ensure the sample base represented the overall population. All responses were reviewed by researchers for quality control.
About LendingTree
LendingTree (NASDAQ: TREE) is the nation's leading online marketplace that connects consumers with the choices they need to be confident in their financial decisions. LendingTree empowers consumers to shop for financial services the same way they would shop for airline tickets or hotel stays, comparing multiple offers from a nationwide network of over 500 partners in one simple search, and can choose the option that best fits their financial needs. Services include mortgage loans, mortgage refinances, auto loans, personal loans, business loans, student loans, insurance, credit cards and more. Through the LendingTree platform, consumers receive free credit scores, credit monitoring and recommendations to improve credit health. LendingTree proactively compares consumers' credit accounts against offers on our network and notifies consumers when there is an opportunity to save money. In short, LendingTree's purpose is to help simplify financial decisions for life's meaningful moments through choice, education and support. LendingTree, LLC is a subsidiary of LendingTree, Inc. For more information, go to www.lendingtree.com, dial 800-555-TREE, like our Facebook page and/or follow us on Twitter @LendingTree
MEDIA CONTACT:
Morgan Lanier
morgan@lendingtreenews.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/less-than-30-of-consumers-will-apply-for-a-store-credit-card-this-holiday-season-the-lowest-number-in-3-years-301392022.html
SOURCE LendingTree.com
Copyright 2021 PR Newswire
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