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

Paycheck-to-Paycheck Consumers Who Live Alone Have Less Credit Card Debt

Paycheck-to-Paycheck Consumers Who Live Alone Have Less Credit Card Debt
Paycheck-to-Paycheck Consumers Who Live Alone Have Less Credit Card Debt
August 04, 2023  |  Debt

With inflation still at high levels, Americans continue to rely on their regular paychecks to meet their expenses and financial obligations, with little or no...

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KKR to Transfer Majority Stake in Unzer to Creditors
KKR to Transfer Majority Stake in Unzer to Creditors
August 04, 2023  |  Markets

Private equity firm KKR is reportedly set to transfer payments firm Unzer to a group of creditors. The debt providers Alcentra Asset Management, Goldman Sachs Asset Management and Partners Group have agreed in principle...

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Are Main Street Businesses Starting to Crack?
Are Main Street Businesses Starting to Crack?
August 03, 2023  |  Earnings

Earnings season, as always, offers up data points for Wall Street to parse — net income per share, buybacks and top-line growth. The companies forging...

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BNPL Used as Budgeting Tool, Especially by Millennials, Says Sezzle CEO
BNPL Used as Budgeting Tool, Especially by Millennials, Says Sezzle CEO
August 03, 2023  |  BNPL

Millennials’ financial well-being might be a bit shaky — or soon will be. The pause on student loan payments is set to end, and the...

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GDP Data Shows Disposable Income Growth Slowing as Consumers Seek to Pad Savings
GDP Data Shows Disposable Income Growth Slowing as Consumers Seek to Pad Savings
July 27, 2023  |  Consumer Insights

The latest data from the U.S. Department of Commerce show that consumer spending helped push gross domestic product (GDP) past expectations. But the growth in disposable income appears to...

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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...

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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. But a report Wednesday (July 26) by The New York Times notes that some observers...

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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. The payments networks are about to report earnings, and banks have already pointed to some resilience, although spending is slowing. Uneven...

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