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

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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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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. Get the Full Story Complete the form to unlock this article...

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Paycheck-to-Paycheck Consumers Who Live Alone Have Less Credit Card Debt
Paycheck-to-Paycheck Consumers Who Live Alone Have Less Credit Card Debt
August 04, 2023  |  Debt

With inflation still at high levels, Americans continue to rely on their regular paychecks to meet their expenses and financial obligations, with little or no...

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KKR to Transfer Majority Stake in Unzer to Creditors
KKR to Transfer Majority Stake in Unzer to Creditors
August 04, 2023  |  Markets

Private equity firm KKR is reportedly set to transfer payments firm Unzer to a group of creditors. Get the Full Story Complete the form to unlock this article and...

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Are Main Street Businesses Starting to Crack?
Are Main Street Businesses Starting to Crack?
August 03, 2023  |  Earnings

Earnings season, as always, offers up data points for Wall Street to parse — net income per share, buybacks and top-line growth. Get the Full...

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BNPL Used as Budgeting Tool, Especially by Millennials, Says Sezzle CEO
BNPL Used as Budgeting Tool, Especially by Millennials, Says Sezzle CEO
August 03, 2023  |  Buy Now Pay Later

Millennials’ financial well-being might be a bit shaky — or soon will be. Get the Full Story Complete the form to unlock this article and...

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GDP Data Shows Disposable Income Growth Slowing as Consumers Seek to Pad Savings
GDP Data Shows Disposable Income Growth Slowing as Consumers Seek to Pad Savings
July 27, 2023  |  Consumer Insights

The latest data from the U.S. Department of Commerce show that consumer spending helped push gross domestic product (GDP) past expectations. Get the Full Story Complete the form to...

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Nearly 8% of Borrowers Who Have Not Repaid Student Loans Say They Never Will
Nearly 8% of Borrowers Who Have Not Repaid Student Loans Say They Never Will
July 27, 2023  |  Loans

When it comes to student loans, it’s been three-plus years of paused repayment, a span in which many consumers have seen their financial lifestyle upended...

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Will Interest Rate Hikes Topple ‘Tower’ of Corporate Debt?
Will Interest Rate Hikes Topple ‘Tower’ of Corporate Debt?
July 26, 2023  |  Economy

The Federal Reserve is planning another rate hike aimed at slowing inflation. Get the Full Story Complete the form to unlock this article and enjoy...

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