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

Car Payments Squeeze Consumers as Debt Mounts
Car Payments Squeeze Consumers as Debt Mounts
September 13, 2024  |  Debt

The money consumers saved during the pandemic has been spent. Savings are pressured, and credit card debt is mounting. When it comes to keeping current...

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Consumer Delinquency Rates Decline as Inflation Slows
Consumer Delinquency Rates Decline as Inflation Slows
September 13, 2024  |  Loans

More consumers are making their loan payments on time, aided by slower inflation and other trends. Late payments on loans have leveled off after increasing...

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Mixed Signals: Inflation Slows to 3-Year Low, Yet Essential Costs Rise
Mixed Signals: Inflation Slows to 3-Year Low, Yet Essential Costs Rise
September 11, 2024  |  Economy

The pace of price increases overall is slowing. But the costs of some key essentials remain stubbornly high, and they ticked higher in August. The...

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Consumers Could Find Economic Impact Of Interest Rate Cuts To Be Overrated
Consumers Could Find Economic Impact Of Interest Rate Cuts To Be Overrated
September 10, 2024  |  Economy

The only question surrounding rate cuts from the Federal Reserve boils down to not “when?” but … “how much?” The central bank seems all but...

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$3 Billion HealthTech Merger Aims to Cure Late Payments
$3 Billion HealthTech Merger Aims to Cure Late Payments
September 05, 2024  |  Healthcare

New Mountain Capital is reportedly combining three HealthTech firms in a $3 billion deal. The merger is designed to employ artificial intelligence (AI) to help...

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CFPB Says Debt Collectors Try to Collect on Already-Paid Medical Bills
CFPB Says Debt Collectors Try to Collect on Already-Paid Medical Bills
September 05, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has found that debt collectors are using illegal tactics, and it is taking steps to ensure they follow consumer financial...

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FDIC: Savings Declined, Charge-Offs Increased and Problem Banks Inched Up in Q2
FDIC: Savings Declined, Charge-Offs Increased and Problem Banks Inched Up in Q2
September 05, 2024  |  Banking

The Federal Deposit Insurance Corp.’s latest quarterly assessment of the state of the banking industry took note of the resilience of financial institutions in general....

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Weave Debuts Payment Reminders for Medical Practices
Weave Debuts Payment Reminders for Medical Practices
August 27, 2024  |  Healthcare Financing

Weave has debuted a feature to help healthcare practices collect more outstanding balances. The experience platform for small and medium-sized medical practices has introduced Payment...

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Consumers Paid the Price for Overstated Job Growth That Kept Interest Rates Too High
Consumers Paid the Price for Overstated Job Growth That Kept Interest Rates Too High
August 21, 2024  |  Economy

A downward revision to previously released job market data might be enough to spur interest rate cuts. But the damage to the paycheck-to-paycheck economy —...

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