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

Consumers Use Stimulus Money To Pay Down Credit Card Debt

Consumers Use Stimulus Money To Pay Down Credit Card Debt
Consumers Use Stimulus Money To Pay Down Credit Card Debt
August 02, 2020  |  Debt

With one in five workers collecting jobless benefits thanks to the pandemic, banks braced for increased credit card debt and delinquencies as families struggled to...

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Almost Half Of Wirecard’s Debt Stemmed From SoftBank’s $1B Investment
Almost Half Of Wirecard’s Debt Stemmed From SoftBank’s $1B Investment
July 29, 2020  |  Security & Fraud

SoftBank Group Corp., the Tokyo-based multinational conglomerate that owns stakes in technology and finance companies, invested $1 billion in Wirecard AG last year in a move that quieted questions...

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US Firms Expected To Lower Cash Holdings Amid Pandemic
US Firms Expected To Lower Cash Holdings Amid Pandemic
July 27, 2020  |  B2B Payments

Businesses have responded to the pandemic by tapping into their cash reserves, as around 32 percent of businesses plan to diminish their cash holdings in...

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Synchrony CEO Warns Of US Credit Card Default Crisis
Synchrony CEO Warns Of US Credit Card Default Crisis
July 27, 2020  |  Debt

Two leading executives in the store credit card industry said they are nervous that when the federal $600-a-week bump for recipients of state unemployment benefits...

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Finablr Hires Firm To Investigate Potential Wrongdoing
Finablr Hires Firm To Investigate Potential Wrongdoing
July 23, 2020  |  Security & Fraud

After discovering over $1 billion in hidden debt in May, Finablr has hired law firm Skadden to investigate potential theft and wrongdoing in the company....

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Record 32 Pct Of Americans Miss Housing Payments In July
Record 32 Pct Of Americans Miss Housing Payments In July
July 08, 2020  |  Debt

A record number of tenants and homeowners — 32 percent — missed some or all of their rent or mortgage in July, according to Apartment...

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Corporate Debt Rises As China Tries To Heal From Pandemic
Corporate Debt Rises As China Tries To Heal From Pandemic
July 02, 2020  |  B2B Payments

Chinese policymakers have been trying to multi-task between fighting pandemic-related economic damage and fueling a new debt bubble from recent spending, according to Bloomberg. Get...

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Today In Payments: Wirecard Forces German Accounting Regs Reboot; Consumers Sour On Travel Rewards Cards
Today In Payments: Wirecard Forces German Accounting Regs Reboot; Consumers Sour On Travel Rewards Cards
June 29, 2020  |  News

In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards cards. Plus, the...

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US Consumers Defer Payments On More Than 100 Million Loans
US Consumers Defer Payments On More Than 100 Million Loans
June 18, 2020  |  Loans

There are now more than 100 million skipped payments on student loans, auto loans and other kinds of debt, according to a report by The...

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