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 Administration to Forgive $116.6 Billion in Student Loans

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  |  BNPL

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 >
SoFi Debuts Student Loan Tool as Consumers Feel Repayment Woes
SoFi Debuts Student Loan Tool as Consumers Feel Repayment Woes
June 08, 2023  |  Loans

SoFi has debuted a tool to help consumers pay off student loans and still save for retirement. Get the Full Story Complete the form to...

READ MORE >
Student Loan Repayments May Hit Gen X Pocketbooks the Hardest
Student Loan Repayments May Hit Gen X Pocketbooks the Hardest
June 07, 2023  |  Debt

Gen X has been walking a difficult financial tightrope over the past few years, and double debt duty may be leaving “The Forgotten Generation” in...

READ MORE >
Millennials With Student Loans to Lose 6.5% of Spending Power as Repayments Resume
Millennials With Student Loans to Lose 6.5% of Spending Power as Repayments Resume
June 06, 2023  |  Debt

Federal student loan payments are resuming after a three-year moratorium, putting a dent in millennial and Generation Z consumers’ disposable income. Get the Full Story...

READ MORE >
Subprime Borrowers’ Delinquencies up as Credit Lifeline Grows Taut
Subprime Borrowers’ Delinquencies up as Credit Lifeline Grows Taut
June 02, 2023  |  Debt

Credit card use is up, and card balances are increasing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

READ MORE >