3 Consumer Loan Stocks to Buy Despite Grim Industry Prospects

The Zacks Consumer Loans industry continues to bear the brunt of high inflation and expectations of economic slowdown. This will dampen the demand for consumer loans and hamper industry players’ top-line growth. Deteriorating asset quality is a major near-term headwind too.However, easing lending standards, which have increased the number of clients eligible for consumer loans, stabilizing consumer sentiments and the digitization of operations will keep aiding consumer loan providers. Hence, industry player ...