Investing in Consumer Credit: Financing the Real Economy

23 min listen
 
 

In this episode of Uncommon Capital, we sit down with P.J. Collins to unpack two decades of insights from investing in consumer credit.

P.J. shares how the landscape has evolved - from the dominance of traditional banks to the rise of private asset-based finance - and breaks down exactly what “asset-based finance” means in today’s market. We also dive into the role of private credit in this ecosystem and the biggest opportunities ahead.

 

The information contained herein reflects the views of AllianceBernstein L.P. or its affiliates and sources it believes are reliable as of the date of this production, July 10, 2025. AllianceBernstein L.P. makes no representation or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this publication. This podcast segment is for informational purposes only and does not constitute investment advice. AllianceBernstein L.P. does not provide tax, legal or accounting advice. It does not take an investor's personal investment objectives or financial situation into account; investors should discuss their individual circumstances with appropriate professionals before making any decisions. This information should not be construed as sales or marketing material or an offer or solicitation for the purchase or sale of any financial instrument, product or service sponsored by AB or its affiliates. References to specific securities are presented solely in the context of industry analysis and are not to be considered recommendations by AB. AB and its affiliates may have positions in, and may affect transactions in, the markets, industry sectors, and companies described herein.