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

Latest US Consumer Debt Data May Show Some Warning Signs Ahead

Latest US Consumer Debt Data May Show Some Warning Signs Ahead
Latest US Consumer Debt Data May Show Some Warning Signs Ahead
March 08, 2022  |  Debt

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CFPB: Americans Trapped in $88B Medical Billing “Doom Loop”
CFPB: Americans Trapped in $88B Medical Billing “Doom Loop”
March 01, 2022  |  Healthcare

The American healthcare system is held up by a billing, payments, collections and credit reporting infrastructure riddled with mistakes, the Consumer Financial Protection Bureau (CFPB)...

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Installment Plans Help ‘COVID-Poor’ Consumers Tackle ‘Government Debt’
Installment Plans Help ‘COVID-Poor’ Consumers Tackle ‘Government Debt’
February 28, 2022  |  Debt

It’s getting harder to pay the rent, the mortgage and the bills, such as water and energy services, that are so critical for day-to-day life....

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Tech Platform Promise Raises $25M in Series B
Tech Platform Promise Raises $25M in Series B
February 24, 2022  |  Investments

Promise, a tech platform that helps people pay debt, has raised more than $25 million in a Series B round, according to a Thursday (Feb....

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Air France-KLM to Repay State Aid by Raising $4.5B
Air France-KLM to Repay State Aid by Raising $4.5B
February 17, 2022  |  International

Air France-KLM wants to be free of bans on acquisitions as soon as it can by repaying state aid. To do so, the Financial Times...

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US Household Debt Increased $333B in Q4 of 2021
US Household Debt Increased $333B in Q4 of 2021
February 08, 2022  |  Debt

Total U.S. household debt increased 2.2%, or $333 billion, to $15.58 trillion in the fourth quarter of 2021, according to a Tuesday (Feb. 8) press...

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Biden Extends Student Loan Pause Until May
Biden Extends Student Loan Pause Until May
December 22, 2021  |  Loans

The Biden Administration has given student loan borrowers an early Christmas present, extending the pause on payments until May 1.  Get the Full Story Complete...

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Student Loan Payment ‘Restart’ Adds Pressure for Paycheck-to-Paycheck Consumers 
Student Loan Payment ‘Restart’ Adds Pressure for Paycheck-to-Paycheck Consumers 
December 17, 2021  |  Loans

February 2022 looms as a red-letter month for individuals and consumers with student loans – and, by extension, signals pressure for paycheck-to-paycheck consumers. Get the...

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BNPL Stock Prices Crash Amid CFPB Investigation
BNPL Stock Prices Crash Amid CFPB Investigation
December 17, 2021  |  Buy Now Pay Later

The Consumer Financial Protection Bureau said Thursday (Dec. 16) it wants details from several high-profile buy now, pay later (BNPL) firms — Affirm, Afterpay, Klarna,...

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