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

‘Excess Savings’ Far Less Excessive Than First Thought
‘Excess Savings’ Far Less Excessive Than First Thought
November 04, 2022  |  Consumer Finance

On the face of it, $1.7 trillion in “excess” personal savings is a lot of firepower — enough to keep consumer spending buoyant through, and...

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Consumers Strive to Keep Current on Credit Cards as Expense Juggling Act Intensifies
Consumers Strive to Keep Current on Credit Cards as Expense Juggling Act Intensifies
October 13, 2022  |  Credit Cards

Inflation is proving a tough beast to tame. Data from the U.S. Department of Labor released Thursday (Oct. 13) showed that consumer inflation’s growth rate...

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FinTech Platforms Help Paycheck-to-Paycheck Consumers Pay off Debts
FinTech Platforms Help Paycheck-to-Paycheck Consumers Pay off Debts
October 03, 2022  |  Consumer Finance

Charging things to a credit card and paying the balances over time is no longer optimal — perhaps no longer even feasible if you’re paying...

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Fitch Says Bond Buy Won’t Lower El Salvador’s Default Risk
Fitch Says Bond Buy Won’t Lower El Salvador’s Default Risk
September 23, 2022  |  Cryptocurrency

El Salvador has repurchased more than $500 million of its bonds at a huge discount, but that may not lessen its risk of a default...

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Startup Venture Debt Rising as Investors Grow Cautious
Startup Venture Debt Rising as Investors Grow Cautious
September 13, 2022  |  Debt

After a 10-year boom flush with venture capital cash, startups are taking on more risk and debt as investors put away their checkbooks and offer...

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Rising Card Delinquency Rates Spotlight Paycheck-to-Paycheck Pressures
Rising Card Delinquency Rates Spotlight Paycheck-to-Paycheck Pressures
September 12, 2022  |  Credit Cards

The paycheck-to-paycheck pressures are showing up in the cards. Though we don’t have all the details yet, from all the issuers, there are at least...

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CFPB, CMS Crack Down on Illegal Nursing Home Debt Collections
CFPB, CMS Crack Down on Illegal Nursing Home Debt Collections
September 08, 2022  |  CFPB

Family and friends signing admission agreements with residential nursing care facilities cannot be held liable for unpaid debts associated with a patient’s stay, according to...

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Tamara CEO Says Data Refutes BNPL’s Debt Trap Myth
Tamara CEO Says Data Refutes BNPL’s Debt Trap Myth
August 26, 2022  |  BNPL

At a time of growing investor concerns and a retracting investment landscape that has led to a dip in valuations of many global firms, it’s...

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Student Loan Forgiveness Offers Cash-Strapped Consumers Breathing Room
Student Loan Forgiveness Offers Cash-Strapped Consumers Breathing Room
August 24, 2022  |  Loans

The cancellation of student debt may be a bit of a political football. Some opponents argue that the debt should not be cancelled, as the...

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