debt

Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase.

Source: en.wikipedia.org

Consumers Temper Their Spending Plans Despite Slowing Inflation
Consumers Temper Their Spending Plans Despite Slowing Inflation
January 08, 2024  |  Economy

Consumers expect the punishing pace of inflation to decline in the months and years ahead. But they’re reigning in their spending plans, too — a...

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Jump in Bad Loans Threatens Big Banks’ Earnings
Jump in Bad Loans Threatens Big Banks’ Earnings
January 08, 2024  |  Debt

The specter of an increase in bad debt hangs over America’s largest lenders. Banks such as JPMorgan Chase and Wells Fargo will release their earnings...

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CFPB Says Student Loan Servicers May Be Violating Consumer Protection Laws
CFPB Says Student Loan Servicers May Be Violating Consumer Protection Laws
January 05, 2024  |  CFPB

Borrowers are facing challenges as they resume federal student loan payments after a pause that began during the pandemic. They are encountering long hold times...

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Sixty Percent of US Consumers Live Paycheck to Paycheck – That Could Change in 2024
Sixty Percent of US Consumers Live Paycheck to Paycheck – That Could Change in 2024
December 29, 2023  |  Economy

Persistent inflation and increasing prices for essential items, from groceries and utilities to fuel, have left most Americans treading water financially in recent years. And...

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Financial Services Providers Use Gamification to Help Customers Manage Debt
Financial Services Providers Use Gamification to Help Customers Manage Debt
December 28, 2023  |  Debt

Most consumers are dealing with some level of debt. Only 17% of U.S. consumers carry no debt, according to “The Credit Accessibility Series: Economic Malaise...

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Smart Credit Card Use Turns Debt Burdens Into Financial Flywheels
Smart Credit Card Use Turns Debt Burdens Into Financial Flywheels
December 28, 2023  |  Consumer Finance

The holidays can be a stressful time financially for many consumers. Often, those consumers — particularly those living paycheck to paycheck — turn to their...

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BNPL Holiday ‘Hangover’ Worries May Prove to Be Tempest in Teapot
BNPL Holiday ‘Hangover’ Worries May Prove to Be Tempest in Teapot
December 20, 2023  |  BNPL

First comes the holiday spending. Then comes the holiday spending hangover — the credit crunch that leaves consumers scrambling to meet, if they can, the...

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Credit-Marginalized Consumers Turn to High-Interest Credit to Cover Emergency Expenses
Credit-Marginalized Consumers Turn to High-Interest Credit to Cover Emergency Expenses
December 20, 2023  |  Consumer Finance

Emergency expenses are a reality all consumers eventually face — and when economic headwinds and factors like rising prices enter the equation, these unexpected expenses...

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Gen X Has the Most Debt at 4X Their Disposable Incomes
Gen X Has the Most Debt at 4X Their Disposable Incomes
December 18, 2023  |  Debt

Consumers often feel pressured to maintain a standard of living, which can be difficult in uncertain economic times with higher prices and interest rates. Keeping...

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