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

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  |  BNPL

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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Card Delinquencies, Pressure on Account Openings Signal Rocky Road for Banks, Payment Networks
Card Delinquencies, Pressure on Account Openings Signal Rocky Road for Banks, Payment Networks
April 01, 2024  |  Credit Cards

Earnings season begins anew in just a few weeks, documenting the first few months of the year — and how the March quarter shaped up...

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Credit Card Delinquencies Climb as Consumers’ Savings Dip
Credit Card Delinquencies Climb as Consumers’ Savings Dip
April 01, 2024  |  Consumer Finance

While the average American consumer remains “credit healthy,” some trouble spots are apparent. The latest installment of VantageScore’s Credit Gauge shows delinquencies climbing across all...

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Consumer Spending Outpaces Income Growth as Inflation Continues
Consumer Spending Outpaces Income Growth as Inflation Continues
March 29, 2024  |  Economy

Consumers keep spending, income growth is muted, and inflation is still here. Bit by bit, debt obligations are eating into disposable income growth. As to...

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Growing Rise in Side Hustles Points to Boon in Digital Payouts
Growing Rise in Side Hustles Points to Boon in Digital Payouts
March 25, 2024  |  Real-Time Payments

The rise of the gig economy may have significant, positive knock-on effects for faster disbursements and earned wage access options. In this environment, supplemental income...

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Credit Card Delinquencies Slip as Charge-Offs Keep Rising
Credit Card Delinquencies Slip as Charge-Offs Keep Rising
March 25, 2024  |  Credit Cards

Credit card delinquencies fell slightly last month while net charge-offs continued with their upward trajectory. That’s according to a report Monday (March 25) by Seeking...

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