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

Diebold Nixdorf Seeks Bankruptcy Protection to Stay Afloat
Diebold Nixdorf Seeks Bankruptcy Protection to Stay Afloat
May 30, 2023  |  Business

Retail technology company Diebold Nixdorf is seeking bankruptcy protection to reduce debt and stay liquid. The company announced in a Tuesday (May 30) press release a restructuring agreement with...

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Credit Card Debt Hits $1 Trillion Mark Amid ‘Nonstop’ Spending
Credit Card Debt Hits $1 Trillion Mark Amid ‘Nonstop’ Spending
May 30, 2023  |  Debt

How high is America’s credit card debt? The answer varies from source to source. Either way, it’s either more than or close to $1 trillion,...

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Earnings Season Sheds Light on Rising Card Delinquencies
Earnings Season Sheds Light on Rising Card Delinquencies
May 15, 2023  |  Debt

Credit card debt is at an all-time high. Although it’s not yet fully in the rear-view mirror, earnings season is signaling that where there’s smoke,...

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Consumer Borrowing Jumps Amid Sharp Spike in Credit Card Balances
Consumer Borrowing Jumps Amid Sharp Spike in Credit Card Balances
May 08, 2023  |  Debt

Borrowing among consumers jumped in March amid a sharp spike in credit card use. Recent data from the Federal Reserve shows credit in the aggregate...

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Revolving Debt Soars in Ominous Sign for Paycheck-to-Paycheck Consumers 
Revolving Debt Soars in Ominous Sign for Paycheck-to-Paycheck Consumers 
May 07, 2023  |  Connected Economy

Credit card balances are rising as revolving debt surges at double-digit rates. All of which may signal trouble in the paycheck-to-paycheck economy. Revolving credit is,...

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Pay Growth Slows As Workers ‘Come Off the Sidelines’
Pay Growth Slows As Workers ‘Come Off the Sidelines’
May 03, 2023  |  Economy

Private employers went on a hiring spree in April but were less quick to raise wages. That’s according to ADP’s monthly National Employment Report, which...

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Drained Savings Push 21% of Paycheck-to-Paycheck Consumers Into Financial Distress
Drained Savings Push 21% of Paycheck-to-Paycheck Consumers Into Financial Distress
May 02, 2023  |  Consumer Insights

Consumers are drifting deeper into financial uncertainty while scrambling to cover costs. There seemed to be little cause for concern about consumers’ ability to spend...

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FTX Debtors: ‘Greed and Incompetence’ Triggered Collapse
FTX Debtors: ‘Greed and Incompetence’ Triggered Collapse
April 10, 2023  |  Cryptocurrency

At FTX under Sam Bankman-Fried, financial oversight was apparently something of a joke. That’s according to a report issued Sunday (April 9) by the collapsed...

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PYMNTS Intelligence: Governments Around the World Explore BNPL Regulation
PYMNTS Intelligence: Governments Around the World Explore BNPL Regulation
April 03, 2023  |  BNPL

The buy now, pay later (BNPL) market has operated largely free of government oversight since its launch, following in the footsteps of many of its...

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