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 Data on Medical Bill Complaints Underscores Need for Flexible Financing

CFPB Data on Medical Bill Complaints Underscores Need for Flexible Financing
CFPB Data on Medical Bill Complaints Underscores Need for Flexible Financing
November 20, 2023  |  Healthcare

Missed payments. Billings made in error. Bills in collection, resulting in only partial payments or none at all. The Consumer Financial Protection Bureau shared data...

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5 Signs Consumers Are Feeling Pinched Into the Holidays and Beyond
5 Signs Consumers Are Feeling Pinched Into the Holidays and Beyond
November 17, 2023  |  Economy

The holidays are upon us. The credit card debt has been racked up. The broad deluge of earnings reports has slowed to a trickle. The...

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Consumers’ Credit Card ‘Switch’ Looks Set to Benefit BNPL and Digital Wallets
Consumers’ Credit Card ‘Switch’ Looks Set to Benefit BNPL and Digital Wallets
November 16, 2023  |  Consumer Finance

Consumers examining the debt they’re carrying — and the cost of servicing that debt — may be tempted to make the switch away from credit...

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Brick-and-Mortar Merchants to Take a Hit as Retail Sales Sputter?
Brick-and-Mortar Merchants to Take a Hit as Retail Sales Sputter?
November 15, 2023  |  Retail

Seven months of spending at the register… and now comes an interruption. October’s retail sales decline may prove to be a mere blip.   Or maybe...

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Nearly 60% of Consumers Without Paycheck Pressures Have a Side Hustle Just For Fun
Nearly 60% of Consumers Without Paycheck Pressures Have a Side Hustle Just For Fun
November 09, 2023  |  Consumer Finance

Inflation has heightened the cost of living, prompting consumers, especially those living paycheck to paycheck, to look for extra ways to supplement their regular income....

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US Credit Card Debt Hits $1.08 Trillion as Delinquencies Climb
US Credit Card Debt Hits $1.08 Trillion as Delinquencies Climb
November 08, 2023  |  Debt

Americans now owe $1.08 trillion in credit card debt, a trend being led by millennial consumers. That’s according to a report issued Tuesday (Nov. 7)...

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Disposable Personal Income Growth Lags Pace of Inflation
Disposable Personal Income Growth Lags Pace of Inflation
October 27, 2023  |  Economy

Inflation is strong. Consumer spending is strong. Disposable income growth isn’t keeping pace. And personal saving as a percentage of disposable income is declining. To...

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CFPB: Annual Consumer Spending on Credit Cards Hit $3.2 Trillion in 2022
CFPB: Annual Consumer Spending on Credit Cards Hit $3.2 Trillion in 2022
October 25, 2023  |  Debt

Consumers have been racking up credit card debt in the time since pandemic-era relief programs ended. Total outstanding credit card debt topped $1 trillion at...

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