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

Nearly 8% of Borrowers Who Have Not Repaid Student Loans Say They Never Will
Nearly 8% of Borrowers Who Have Not Repaid Student Loans Say They Never Will
July 27, 2023  |  Loans

When it comes to student loans, it’s been three-plus years of paused repayment, a span in which many consumers have seen their financial lifestyle upended...

READ MORE >
Will Interest Rate Hikes Topple ‘Tower’ of Corporate Debt?
Will Interest Rate Hikes Topple ‘Tower’ of Corporate Debt?
July 26, 2023  |  Economy

The Federal Reserve is planning another rate hike aimed at slowing inflation. Get the Full Story Complete the form to unlock this article and enjoy...

READ MORE >
Consumers Confident but Student Loan Repayments May Pinch Holiday Spending
Consumers Confident but Student Loan Repayments May Pinch Holiday Spending
July 25, 2023  |  Consumer Insights

Consumer confidence is high. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

READ MORE >
Why the Fed Underestimates the Pressures of the Paycheck-to-Paycheck Economy
Why the Fed Underestimates the Pressures of the Paycheck-to-Paycheck Economy
July 25, 2023  |  Consumer Finance

Amber Carroll, senior vice president of membership and lifecycle strategy at LendingClub, told PYMNTS that the Federal Reserve’s long-quoted stat on financial well-being could use...

READ MORE >
CFPB: American Workers Saddled by Employer-Driven Debt
CFPB: American Workers Saddled by Employer-Driven Debt
July 20, 2023  |  CFPB

America’s consumer watchdog says too many workers are falling into TRAPs. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

READ MORE >
Biden Administration to Forgive $116.6 Billion in Student Loans
Biden Administration to Forgive $116.6 Billion in Student Loans
July 14, 2023  |  Loans

The Biden-Harris Administration is providing more than $116.6 billion in student loan forgiveness to 3.4 million borrowers. Get the Full Story Complete the form to...

READ MORE >
Treasury Dept. and CFPB Investigate Medical Credit Cards and Installment Loans
Treasury Dept. and CFPB Investigate Medical Credit Cards and Installment Loans
July 07, 2023  |  Credit Cards

Three federal agencies have launched an inquiry into “high-cost specialty financial products” used to pay for routine medical care. Get the Full Story Complete the...

READ MORE >
Can BNPL Help Gen Z Pave Path to a $2.2 Million Net Worth?
Can BNPL Help Gen Z Pave Path to a $2.2 Million Net Worth?
June 28, 2023  |  Buy Now Pay Later

The concept of wealth is constantly evolving — and in the Instagram age, social media makes it all too easy to keep score in the...

READ MORE >
Paycheck-to-Paycheck Pressures to Continue as Powell Signals More Rate Hikes
Paycheck-to-Paycheck Pressures to Continue as Powell Signals More Rate Hikes
June 21, 2023  |  Economy

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >