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

Fed Asks Banks To Work With Borrowers Impacted By Coronavirus

Fed Asks Banks To Work With Borrowers Impacted By Coronavirus
Fed Asks Banks To Work With Borrowers Impacted By Coronavirus
March 09, 2020  |  Coronavirus

Banking regulators around the U.S. wrote a joint statement telling banks they wouldn’t be penalized for helping borrowers who are dealing with the financial consequences...

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Will The Coronavirus Unleash Corporate Debt Contagion?
Will The Coronavirus Unleash Corporate Debt Contagion?
March 09, 2020  |  Economy

As the coronavirus roils markets, as indexes swing down — and up — by several percentage points daily, and as interest rates get ever smaller,...

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InDebted Notches $14M To Use Machine Learning In Debt Collection
InDebted Notches $14M To Use Machine Learning In Debt Collection
March 05, 2020  |  Consumer Finance

The Australian FinTech InDebted announced it has raised A$14 million ($9 million) in its Series A funding round, co-led by venture capital firms Carthona Capital...

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Will New CFPB Rules Finally Be Able To Put Zombie Debt To Rest?
Will New CFPB Rules Finally Be Able To Put Zombie Debt To Rest?
March 03, 2020  |  Debt

The phenomenon of zombie debt is not new to the U.S. economy — nor are consumer complaints about collection agencies that use aggressive tactics in...

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Intuit’s Credit Karma Deal, Buy Buttons, Restaurant Apps Top This Week’s News
Intuit’s Credit Karma Deal, Buy Buttons, Restaurant Apps Top This Week’s News
February 28, 2020  |  News

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and...

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Senior Debt Has Spiked 543 Pct Over The Last Two Decades
Senior Debt Has Spiked 543 Pct Over The Last Two Decades
February 27, 2020  |  Debt

Stories about Americans’ increasing debt load have become something of a recurring theme in financial reporting. About two weeks ago, U.S. credit card debt hit an all-time...

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Aussie Tax Office Reminds SMBs To Pay Debt
Aussie Tax Office Reminds SMBs To Pay Debt
February 16, 2020  |  B2B Payments

Small and medium-sized businesses (SMBs) in Australia are being reminded by the country’s tax office that owing money to the agency is not OK, Broker...

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US Credit Card Debt Hits All-Time High Of $930B, Delinquencies Rise
US Credit Card Debt Hits All-Time High Of $930B, Delinquencies Rise
February 12, 2020  |  Debt

Debt from credit cards hit a record high in 2019, driven by young borrowers and aggressive spending, according to The Wall Street Journal. Despite a healthy...

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Household Debt Exceeds $14T After 2019 Spike
Household Debt Exceeds $14T After 2019 Spike
February 11, 2020  |  Debt

Household debt in the U.S. has reached a 12-year high, rising more than $600 billion last year –the highest since right before the financial crisis...

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