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

Study: 29% of Consumers Usually Revolve Credit Card Balances

Study: 29% of Consumers Usually Revolve Credit Card Balances
Study: 29% of Consumers Usually Revolve Credit Card Balances
May 03, 2022  |  Credit Cards

Paycheck-to-paycheck consumers are three times as likely to revolve credit card debt and carry higher monthly balances, according to the April 2022 edition of “New...

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CFPB Reports Flood of Medical Debt-Collection Complaints Last Year
CFPB Reports Flood of Medical Debt-Collection Complaints Last Year
April 20, 2022  |  CFPB

To say we’re behind on medical debt is an understatement on several levels. It wasn’t until 2021 when the Census Bureau finally caught up with...

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Today in FinTech: Boston Red Sox Drop Cash; JPMorgan Signals Pain Ahead
Today in FinTech: Boston Red Sox Drop Cash; JPMorgan Signals Pain Ahead
April 15, 2022  |  Technology

In today’s FinTech news, for the first time ever, the Boston Red Sox are not taking cash for hot dogs, beer, shirts and other concession...

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FTC Issues $4.8M in Refunds to Debt Collector Victims
FTC Issues $4.8M in Refunds to Debt Collector Victims
April 15, 2022  |  Debt

The Federal Trade Commission (FTC) issued more than $4.8 million in refunds to victims of unlawful debt collection practices last year, the agency said in...

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Wall Street’s Enthusiasm Wanes for Bonds Backed by Risky Consumer Debt
Wall Street’s Enthusiasm Wanes for Bonds Backed by Risky Consumer Debt
April 12, 2022  |  Investments

Runaway inflation and a shaky economy are setting the stage for financial uncertainty, igniting fear in Wall Street investors that bonds and other investments backed...

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‘Income Sharing Agreements’ Aim to Disrupt, Fill Gaps, in $1.7T Student Loan Industry
‘Income Sharing Agreements’ Aim to Disrupt, Fill Gaps, in $1.7T Student Loan Industry
April 08, 2022  |  Loans

The student loan industry is a $1.7 trillion mess. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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New Data: Retailers Get Durable Sales Boost From Lease-To-Own Plans
New Data: Retailers Get Durable Sales Boost From Lease-To-Own Plans
April 06, 2022  |  Consumer Payments

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

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CFPB Report Shows Credit Card Late Fees Declining, Below Set Limits
CFPB Report Shows Credit Card Late Fees Declining, Below Set Limits
April 01, 2022  |  CFPB

The Consumer Financial Protection Bureau published on March 29 a report on credit card late fees where the regulator provided data about the amount of...

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