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

Tech Platform Promise Raises $25M in Series B
Tech Platform Promise Raises $25M in Series B
February 24, 2022  |  Investments

Promise, a tech platform that helps people pay debt, has raised more than $25 million in a Series B round, according to a Thursday (Feb....

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Air France-KLM to Repay State Aid by Raising $4.5B
Air France-KLM to Repay State Aid by Raising $4.5B
February 17, 2022  |  International

Air France-KLM wants to be free of bans on acquisitions as soon as it can by repaying state aid. To do so, the Financial Times...

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US Household Debt Increased $333B in Q4 of 2021
US Household Debt Increased $333B in Q4 of 2021
February 08, 2022  |  Debt

Total U.S. household debt increased 2.2%, or $333 billion, to $15.58 trillion in the fourth quarter of 2021, according to a Tuesday (Feb. 8) press...

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Biden Extends Student Loan Pause Until May
Biden Extends Student Loan Pause Until May
December 22, 2021  |  Loans

The Biden Administration has given student loan borrowers an early Christmas present, extending the pause on payments until May 1.  “We know that millions of...

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Student Loan Payment ‘Restart’ Adds Pressure for Paycheck-to-Paycheck Consumers 
Student Loan Payment ‘Restart’ Adds Pressure for Paycheck-to-Paycheck Consumers 
December 17, 2021  |  Loans

February 2022 looms as a red-letter month for individuals and consumers with student loans – and, by extension, signals pressure for paycheck-to-paycheck consumers. It’ll be...

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BNPL Stock Prices Crash Amid CFPB Investigation
BNPL Stock Prices Crash Amid CFPB Investigation
December 17, 2021  |  Buy Now Pay Later

The Consumer Financial Protection Bureau said Thursday (Dec. 16) it wants details from several high-profile buy now, pay later (BNPL) firms — Affirm, Afterpay, Klarna,...

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CFPB Probes Big Five Buy Now, Pay Later Providers Over Data Use, Debt Accumulation
CFPB Probes Big Five Buy Now, Pay Later Providers Over Data Use, Debt Accumulation
December 17, 2021  |  BNPL

The Consumer Financial Protection Bureau (CFPB) opened on December 16 an inquiry into Buy Now, Pay Later (BNPL) to better understand the risks and benefits...

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UK Credit Card Interest Rates Surpass 21%, Highest Since 1998
UK Credit Card Interest Rates Surpass 21%, Highest Since 1998
December 05, 2021  |  Credit Cards

With credit card interest rates at new highs, campaigners want there to be more caps on the rates, The Guardian writes. The rates are reportedly...

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Debt Collectors Move Beyond Robocalls to Text, Email, Social Media
Debt Collectors Move Beyond Robocalls to Text, Email, Social Media
December 02, 2021  |  Debt

Collection agencies can now reach out to debtors by text, email and social media following new rules enacted by the Consumer Financial Protection Bureau (CFPB),...

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