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

CFPB Snapshot Highlights Biggest Student Loan Complaints
CFPB Snapshot Highlights Biggest Student Loan Complaints
April 26, 2017  |  Loans

The Consumer Financial Protection Bureau (CFPB) released a monthly complaint snapshot revealing that both private and federal student loan borrowers nationwide report persistent servicing breakdowns that may...

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Helping Investors Avoid The Lending Club Trap
Helping Investors Avoid The Lending Club Trap
April 26, 2017  |  Loans

Transparency cures all ills — especially in the online lending space where investors need certainty the pools of debt they’re buying are as represented. Global...

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Credit Card Debt Tops $1 Trillion
Credit Card Debt Tops $1 Trillion
April 11, 2017  |  Payment Methods

Credit card debt has surpassed the $1 trillion market in the U.S., joining student loan and auto debt to reach more than $1 trillion. According...

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Investors Help Students Avoid Debt With Income Share Agreements
Investors Help Students Avoid Debt With Income Share Agreements
April 10, 2017  |  Alternative Finances

As an alternative to Federal Plus and private student loans, more students are looking to income share agreements as a way to fund higher education....

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Would-Be Millennial Homeowners Crushed Under Student Debt
Would-Be Millennial Homeowners Crushed Under Student Debt
April 04, 2017  |  Retail

The 2008 recession is still seeing a ripple effect nearly a decade later. In the years following the recession, as the economy began to put its...

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Navient Can’t Guarantee It Has Student Loan Borrower’s Interest In Mind
Navient Can’t Guarantee It Has Student Loan Borrower’s Interest In Mind
April 04, 2017  |  Debt

Navient, the nation’s largest student loan servicer, has touted that it wants to help American borrowers, but based on a recent filing, the company is...

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Education Department Warns Student Loan Forgiveness Program May Not Be Valid
Education Department Warns Student Loan Forgiveness Program May Not Be Valid
April 03, 2017  |  Debt

The Department of Education warned in a legal filing last week that more than 550,000 people who signed up for a student loan forgiveness program in which...

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Honey, I Grew The Student Loan Default Rate
Honey, I Grew The Student Loan Default Rate
March 28, 2017  |  Loans

Defaulting on student debt has never been a good idea. The collection process is intense and one’s credit rating will be utterly ravaged for a...

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PYMNTS’ Daily Data Dive: FTC To The Debt Rescue
PYMNTS’ Daily Data Dive: FTC To The Debt Rescue
March 16, 2017  |  Daily Data Dive

Financial debt is something that plagues everyone at one point or another in their lifetime. In a Payday Support Center scam, the Federal Trade Commission (FTC) is...

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