Banks are bracing for fallout as more people struggle to make credit card payments due to lost paychecks amid the coronavirus pandemic, according to a report by The Wall Street Journal (WSJ). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The phenomenon of zombie debt is not new to the U.S. economy — nor are consumer complaints about collection agencies that use aggressive tactics in the service of collecting such debt. For those unfamiliar with the term, zombie debt is debt a consumer legitimately owed,...
Stories about Americans’ increasing debt load have become something of a recurring theme in financial reporting. About two weeks ago, U.S. credit card debt hit an all-time high of $930 billion, higher than the previous peak hit just ahead of the financial crisis of 2008. That data comes from...
Debt from credit cards hit a record high in 2019, driven by young borrowers and aggressive spending, according to The Wall Street Journal. Despite a healthy economy and robust job market, the number of people who fell behind on payments increased. Get the Full Story Complete...
Household debt in the U.S. has reached a 12-year high, rising more than $600 billion last year –the highest since right before the financial crisis more than a decade ago, according to a report by CNBC. Get the Full Story Complete the form to unlock...
Despite increased attendance and a spike in the fitness industry, some middle-market fitness gyms are struggling with debt, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
There’s the old saying: When you owe $500,000, the lender owns you. When you owe $50 million, well, you own the lender. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
WeWork, the embattled office space company, has revealed a “90-day game plan” that includes huge changes to the company, including the divestiture of all if its “non-core businesses” and layoffs, according to a report by CNBC. Get the Full Story Complete the form to unlock...
New data released by Zillow reveals that medical debt and student loans are two of the biggest obstacles facing aspiring home buyers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
