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

Startup Updraft Uses Open Banking to Help UK Consumers Manage Credit Without the Credit Card

Startup Updraft Uses Open Banking to Help UK Consumers Manage Credit Without the Credit Card
Startup Updraft Uses Open Banking to Help UK Consumers Manage Credit Without the Credit Card
November 02, 2021  |  Personal Finance

If a consumer needs to make a purchase but is cash-strapped or wants to save their money for other needs, a credit card always comes...

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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. Consumer credit increased to $14.4 billion in August, although...

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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. With the acquisition, Ontario says...

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