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

Financial Wellness Tools Get Second Look as Consumers Drain Their Savings
Financial Wellness Tools Get Second Look as Consumers Drain Their Savings
March 21, 2023  |  Financial Inclusion

Budget-focused FinTechs and innovative financial institutions (FIs) may have a golden opportunity to meet consumer need. The Federal Reserve released its latest monthly snapshot of...

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27% of Struggling Paycheck-to-Paycheck Consumers Eye More Credit Card Debt
27% of Struggling Paycheck-to-Paycheck Consumers Eye More Credit Card Debt
March 20, 2023  |  Debt

The daily juggling act of managing household expenses forcing consumers to think about credit. Specifically, how and when they might take on more credit card...

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Silicon Valley, Signature Bank Collapses Signal ‘Butterfly Effect’ on Paycheck-to-Paycheck Consumers
Silicon Valley, Signature Bank Collapses Signal ‘Butterfly Effect’ on Paycheck-to-Paycheck Consumers
March 20, 2023  |  Banking

The old adage is that a butterfly flaps its wings, and eventually, there’s a hurricane, far away. We may see the Butterfly Effect, as it’s...

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Interest Rates Have Most Consumers Changing Credit Card Habits
Interest Rates Have Most Consumers Changing Credit Card Habits
March 14, 2023  |  Credit Cards

Rising interest rates are making consumer credit card debt an increasingly expensive burden to carry. With the macroclimate already eating away at their purchasing power...

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Consumers Tackle Inflation by Pulling Back on Cards While Shopping
Consumers Tackle Inflation by Pulling Back on Cards While Shopping
March 09, 2023  |  Consumer Finance

Consumers in the United States are proving resourceful as they meet inflation’s challenge head on. And that resourcefulness has led them to embrace a broad...

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SoFi Claims $400 Million in Losses From Student Loan Moratorium
SoFi Claims $400 Million in Losses From Student Loan Moratorium
March 07, 2023  |  Debt

SoFi says the ongoing federal student loan payment moratorium has cost it $400 million. The personal finance company has sued the U.S. Department of Education...

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Car Dealers See Increase in ‘Upside Down’ Trade-Ins
Car Dealers See Increase in ‘Upside Down’ Trade-Ins
March 01, 2023  |  Loans

America’s auto debt hole is reportedly getting deeper for car buyers. A report Wednesday (March 1) by Bloomberg News finds that the auto industry is...

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Food and Energy Inflation Data Hint at Disposable Income Pressure
Food and Energy Inflation Data Hint at Disposable Income Pressure
February 24, 2023  |  Economy

Inflation is making paying for basics of everyday life — food especially — harder to swallow. Earlier this week, PYMNTS reported that the cost of essentials...

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Are Payments Plans the Fix For Rampant Medical Debt Default?
Are Payments Plans the Fix For Rampant Medical Debt Default?
February 19, 2023  |  Healthcare

Some unpaid medical bills will disappear from credit reports. But the hit and miss of collections will continue to hurt providers and patients. As has...

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