TransUnion reported credit card balances increased 7.4 percent to $693 billion, and personal lending balances increased 9.7 percent to $102 billion from the previous year in its first quarter “2017 Industry Insights Report.”
Heating and cooling products and water heaters can be purchased with a number of financing options
August 15, 2016
Synchrony Financial, a consumer financial services company, announced a multi-year extension with Rheem to continue providing a financing program for the purchase of HVAC and water heating products and services.
The ability of consumers to obtain credit is an important driver of the U.S. economy, as it stimulates growth by allowing consumers to purchase items they may not be able to pay for with cash. Obtaining credit is especially important for those who need to purchase big-ticket items, such as heating and cooling systems.