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)

Improving Credit Scores Can Boost Subprime Consumers’ Borrowing Capacity by Almost 70%
Improving Credit Scores Can Boost Subprime Consumers’ Borrowing Capacity by Almost 70%
December 18, 2023  |  Personal Finance

In a credit-based economy like the United States, credit scores play a crucial role in determining access to credit and financial stability. This poses a...

READ MORE >
FinWise Bank and Stride Partner on Employer-Sponsored Loans for Students
FinWise Bank and Stride Partner on Employer-Sponsored Loans for Students
December 14, 2023  |  Partnerships

FinWise Bank and Stride Funding partnered to launch a program that allows students to secure loans sponsored by their future employers. This collaborative Employer Sponsored...

READ MORE >
BIS Report: BNPL Plans Pose Risks and ‘Warrant Monitoring’
BIS Report: BNPL Plans Pose Risks and ‘Warrant Monitoring’
December 04, 2023  |  BNPL

Buy now, pay later (BNPL) plans have been marked by higher delinquency rates even as growth and enthusiasm for those payments offerings have soared, the...

READ MORE >
CFPB Handles 20,000 Consumer Complaints Per Week
CFPB Handles 20,000 Consumer Complaints Per Week
November 30, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) sends 20,000 complaints to companies for responses every week. “I am proud of the CFPB’s work in getting consumers...

READ MORE >
CFPB Data on Medical Bill Complaints Underscores Need for Flexible Financing
CFPB Data on Medical Bill Complaints Underscores Need for Flexible Financing
November 20, 2023  |  Healthcare Financing

Missed payments. Billings made in error. Bills in collection, resulting in only partial payments or none at all. The Consumer Financial Protection Bureau shared data...

READ MORE >
5 Signs Consumers Are Feeling Pinched Into the Holidays and Beyond
5 Signs Consumers Are Feeling Pinched Into the Holidays and Beyond
November 17, 2023  |  Economy

The holidays are upon us. The credit card debt has been racked up. The broad deluge of earnings reports has slowed to a trickle. The...

READ MORE >
Consumers’ Credit Card ‘Switch’ Looks Set to Benefit BNPL and Digital Wallets
Consumers’ Credit Card ‘Switch’ Looks Set to Benefit BNPL and Digital Wallets
November 16, 2023  |  Consumer Finance

Consumers examining the debt they’re carrying — and the cost of servicing that debt — may be tempted to make the switch away from credit...

READ MORE >
Brick-and-Mortar Merchants to Take a Hit as Retail Sales Sputter?
Brick-and-Mortar Merchants to Take a Hit as Retail Sales Sputter?
November 15, 2023  |  Retail

Seven months of spending at the register… and now comes an interruption. October’s retail sales decline may prove to be a mere blip.   Or maybe...

READ MORE >
Nearly 60% of Consumers Without Paycheck Pressures Have a Side Hustle Just For Fun
Nearly 60% of Consumers Without Paycheck Pressures Have a Side Hustle Just For Fun
November 09, 2023  |  Consumer Finance

Inflation has heightened the cost of living, prompting consumers, especially those living paycheck to paycheck, to look for extra ways to supplement their regular income....

READ MORE >