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

Personal Loans Fill Cash Flow Void for Paycheck-to-Paycheck Consumers
Personal Loans Fill Cash Flow Void for Paycheck-to-Paycheck Consumers
October 11, 2021  |  Loans

There’s been a confluence of events to set the stage for retail banking’s disintermediation — and for the growth in lending facilitated by online platforms...

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Bank of England: One-Third of UK SMBs ‘Highly Indebted’
Bank of England: One-Third of UK SMBs ‘Highly Indebted’
October 08, 2021  |  Debt

England’s central bank has issued a new report warning of a rise in small business failures in the U.K. by the end of 2021, saying...

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Revolving Credit in US Hits $1T in August; Consumer Credit Up Slightly
Revolving Credit in US Hits $1T in August; Consumer Credit Up Slightly
October 07, 2021  |  Consumer Insights

The increase in U.S. consumer credit in August was smaller than experts’ expectations, Seeking Alpha reported. Get the Full Story Complete the form to unlock...

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Household Net Worth, Debt and Credit Rose Significantly in Q2
Household Net Worth, Debt and Credit Rose Significantly in Q2
September 23, 2021  |  Consumer Finance

U.S. total household net worth jumped $5.8 trillion to $141.7 trillion in the second quarter of 2021, according to the Federal Reserve’s Financial Accounts of...

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Report: TikTok Parent ByteDance Seeking $4B in Debt Financing
Report: TikTok Parent ByteDance Seeking $4B in Debt Financing
September 08, 2021  |  Loans

Chinese firm ByteDance, owner of video-driven social media sites TikTok and Douyin, is looking for roughly $4 billion in loans as its initial public offering...

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Brex Rolls Out Debt Financing Tool
Brex Rolls Out Debt Financing Tool
August 25, 2021  |  B2B Payments

Silicon Valley FinTech Brex is launching a new product to extend debt financing with longer terms and speedier due diligence to some of its select...

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Ontario Systems Buys Collections Platform Katabat
Ontario Systems Buys Collections Platform Katabat
August 23, 2021  |  B2B Payments

Enterprise workflow automation software maker Ontario Systems announced Monday (Aug. 23) it had acquired Katabat, a cloud-based debt collection platform. Get the Full Story Complete...

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Lending Club: Millennials’ Quest For Financial Freedom Hindered By Bad Debt, BNPL
Lending Club: Millennials’ Quest For Financial Freedom Hindered By Bad Debt, BNPL
August 16, 2021  |  Consumer Finance

With new PYMNTS data showing 60 percent of U.S. millennials currently living paycheck to paycheck, it could be argued that this oft-analyzed demographic is badly...

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New PYMNTS Data Show Half Of Consumers Can Now Cover Unexpected $400 Medical Bill Without Tapping Credit
New PYMNTS Data Show Half Of Consumers Can Now Cover Unexpected $400 Medical Bill Without...
August 05, 2021  |  Consumer Finance

Good news for recovery watchers: the average consumer is exiting the pandemic period demonstrably more financially stable than when it started a little over a...

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