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

IDIQ Debuts CreditBuilderIQ as Consumers Feel Pinched
IDIQ Debuts CreditBuilderIQ as Consumers Feel Pinched
April 16, 2024  |  Personal Finance

Financial intelligence company IDIQ has launched a platform that aims to help consumers build their credit scores. CreditBuilderIQ, announced Tuesday (April 16), joins the company’s suite of...

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CFPB Supports Connecticut Bill to Limit Reporting of Medical Debt
CFPB Supports Connecticut Bill to Limit Reporting of Medical Debt
April 15, 2024  |  Consumer Finance

The Consumer Financial Protection Bureau (CFPB) has written a letter in support of a Connecticut bill that would prohibit healthcare providers in the state from reporting medical debt...

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Consumers Make Minimum Credit Card Payments as Inflation Takes a Bite
Consumers Make Minimum Credit Card Payments as Inflation Takes a Bite
April 11, 2024  |  Credit Cards

In signs of continued pressure in the paycheck-to-paycheck economy, more consumers are making only the minimum payments on their credit cards. And the debt on...

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Fed Data: US Consumers See Higher Risk of Missing Debt Payments
Fed Data: US Consumers See Higher Risk of Missing Debt Payments
April 08, 2024  |  Economy

Takeaways from the Federal Reserve Bank of New York’s March Survey of Consumer Expectations include emerging concerns about debt. Consumers haven’t budged in their expectations...

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Revolving Credit Surge Hints at Split Payments’ Continued Appeal
Revolving Credit Surge Hints at Split Payments’ Continued Appeal
April 08, 2024  |  Alternative Credit

Debt continues to mount — and at an accelerated pace, per the Federal Reserve’s latest tally on consumer credit. Within that growth likely lies a continued...

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Biden Offers New Debt Relief to Student Loan Borrowers
Biden Offers New Debt Relief to Student Loan Borrowers
April 08, 2024  |  Loans

The White House has unveiled its latest effort to offer relief to student loan borrowers. The plan, President Joe Biden announced Monday (April 8), targets borrowers who...

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Unexpected Expenses Cost Consumers $5,500 on Average Last Year
Unexpected Expenses Cost Consumers $5,500 on Average Last Year
April 05, 2024  |  Consumer Finance

Unemployment dropped 3.8% last month, offering another sign that the U.S. economy is on a slow but steady upward trajectory. And while this news is...

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Klarna Late Fees Spark Uptick in On-Time Payments
Klarna Late Fees Spark Uptick in On-Time Payments
April 04, 2024  |  Buy Now Pay Later

Klarna is reportedly sending fewer British customers to debt collectors after introducing late fees. The share of accounts in the United Kingdom using the Swedish company’s...

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Banks up Against $2 Trillion ‘Wall’ of Real Estate Debt
Banks up Against $2 Trillion ‘Wall’ of Real Estate Debt
April 01, 2024  |  Debt

Banks are facing a $2 trillion “wall” of property debt, according to an American brokerage. As such, lenders must reduce their exposure to commercial real estate as...

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