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

Consumers Borrowed More In November, But Paid Off Credit Cards
Consumers Borrowed More In November, But Paid Off Credit Cards
January 12, 2015  |  News

Consumer borrowing in the U.S. increased by $14.1 billion in November, but revolving credit-card debt fell by $946 million, according to a monthly report from...

READ MORE >
U.S. Credit Card Debt Set To Reach Pre-Recession Levels
U.S. Credit Card Debt Set To Reach Pre-Recession Levels
September 16, 2014  |  Cool

U.S. consumers racked up credit-card debt in Q2 twice as fast as at any time since the recession — and credit-card charge-off rates appear to...

READ MORE >
FTC And CFPB Ask Court To Overturn Ruling In Debt Collection Notification Case
FTC And CFPB Ask Court To Overturn Ruling In Debt Collection Notification Case
August 25, 2014  |  News

A recent Urban Institute analysis of the credit files of nearly 7 million Americans revealed that 35 percent had a debt so far past due...

READ MORE >