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

FinTechs Throw Lifeline to Subprime-Borrowing Consumers
FinTechs Throw Lifeline to Subprime-Borrowing Consumers
August 28, 2023  |  Loans

Consumers with low credit scores may find assistance in their uphill battle toward greater financial security. Financial stumbles may have long-lasting impacts on consumers whose...

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Fed Data Shows Pressure Building in Consumer Lending
Fed Data Shows Pressure Building in Consumer Lending
August 24, 2023  |  Debt

The Federal Reserve’s latest data on how loan performance at all banks is faring found pockets of resilience — and, perhaps, pockets of concern. Household debt has...

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Biden Administration Unveils Student Loan Repayment Plan
Biden Administration Unveils Student Loan Repayment Plan
August 22, 2023  |  Loans

The Biden Administration has unveiled a student loan repayment initiative that is set to benefit over 20 million borrowers. The Saving on a Valuable Education...

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Auto Prices Speed Past Affordability as Defaults Climb
Auto Prices Speed Past Affordability as Defaults Climb
August 21, 2023  |  Economy

Times are tough for the American car buyer, whether they’re seeking new or used vehicles. New cars less than $20,000 are all but extinct, while...

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The Parent Debt Trap: Parents’ Credit Card Balances 26% Higher Than Average
The Parent Debt Trap: Parents’ Credit Card Balances 26% Higher Than Average
August 15, 2023  |  Consumer Finance

That having children is costly may not be surprising — but the extent to which parents with children depend on credit cards is. Proprietary research...

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Discover Card Delinquency Rates Exceed Pre-COVID Levels
Discover Card Delinquency Rates Exceed Pre-COVID Levels
August 15, 2023  |  Credit Cards

Discover Financial says its credit card delinquency rate has topped pre-pandemic levels. In a filing Monday (Aug. 14) with the Securities and Exchange Commission (SEC), the company said...

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Consumer Sentiment Dips From July’s Levels and Retailers May Face Pressure at the Register
Consumer Sentiment Dips From July’s Levels and Retailers May Face Pressure at the Register
August 11, 2023  |  Consumer Insights

U.S. consumers are slightly less optimistic about the economy this month, following two straight months of growing confidence. The preliminary data and index measuring consumer sentiment released...

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Credit Card Balances Pass $1 Trillion as Consumers Rely on Payment Method
Credit Card Balances Pass $1 Trillion as Consumers Rely on Payment Method
August 08, 2023  |  Credit Cards

It’s the $1 trillion milestone. The Federal Reserve’s latest quarterly update on household debt shows that credit card balances crossed that milestone in a “first”...

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Report: 300K Student Loan Borrowers Have Died Since Moratorium
Report: 300K Student Loan Borrowers Have Died Since Moratorium
August 07, 2023  |  Loans

Roughly 300,000 student loan borrowers have died since the federal government’s 2020 loan moratorium. And according to a report Monday (Aug. 7) by Bloomberg News, that means...

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