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

Crypto Lender Babel Announces Debt Relief
Crypto Lender Babel Announces Debt Relief
June 21, 2022  |  Cryptocurrency

Four days after freezing withdrawals, cryptocurrency lender Babel Finance announced Monday (June 20) on its website that it had “reached preliminary agreements on the repayment...

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El Salvador Weekly: Finance Minister Insists Bitcoin Losses Are Only on Paper
El Salvador Weekly: Finance Minister Insists Bitcoin Losses Are Only on Paper
June 17, 2022  |  Bitcoin

On June 10, El Salvador was down about $38.1 million on its bitcoin investment. By Friday (June 17), that number had grown to $57.6 million....

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Vehicle Debt FinTech Paydownhero Debuts Gas Rewards Debit Card
Vehicle Debt FinTech Paydownhero Debuts Gas Rewards Debit Card
June 16, 2022  |  Loyalty & Rewards

Boston FinTech Paydownhero, which lets customers pay off auto debt, has rolled out a new debit card with 3% cashback gas rewards, a press release...

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1 in 3 Consumers Earning $250K Live Paycheck to Paycheck
1 in 3 Consumers Earning $250K Live Paycheck to Paycheck
June 10, 2022  |  Personal Finance

As rising inflation makes it increasingly difficult to pay bills and build savings, U.S. consumers of all types are now living paycheck to paycheck —...

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PYMNTS AM Radar: Credit Card Debt; Payments Innovation; BNPL Loyalty; Social Commerce; ICYMI
PYMNTS AM Radar: Credit Card Debt; Payments Innovation; BNPL Loyalty; Social Commerce; ICYMI
June 10, 2022  |  Retail

Today is Friday, June 10, and banks are happy that people are finally using credit cards again and letting the balances rack up interest. But...

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More Consumers Letting Card Debt Revolve, Incur Interest
More Consumers Letting Card Debt Revolve, Incur Interest
June 10, 2022  |  Credit Cards

Consumers are increasingly letting their credit card debt revolve and letting interest mount instead of paying off what they owe each month.  Typically this is...

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Paycheck-to-Paycheck Consumers Will Feel Pinch When Student Loan Freeze Thaws
Paycheck-to-Paycheck Consumers Will Feel Pinch When Student Loan Freeze Thaws
May 31, 2022  |  Loans

The freeze thaws, and then comes the deluge. For the paycheck-to-paycheck economy, the tide of debt obligations may be tough to navigate. The Federal Reserve...

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CFPB, NY AG Shutter ‘Deceptive’ Debt Collection Shops
CFPB, NY AG Shutter ‘Deceptive’ Debt Collection Shops
May 23, 2022  |  Legal

The federal Consumer Financial Protection Bureau (CFPB) and the New York state attorney general filed a proposed judgment in federal court to settle its case against...

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Subprime Loan Delinquencies Signal Trouble for Paycheck-to-Paycheck Economy
Subprime Loan Delinquencies Signal Trouble for Paycheck-to-Paycheck Economy
May 19, 2022  |  Economy

Where there’s smoke, there’s fire. The signals smoldering from subprime loan delinquencies that the paycheck-to-paycheck economy is in trouble. Data from credit reporting giant Equifax,...

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