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)

Education Department Warns Student Loan Forgiveness Program May Not Be Valid
Education Department Warns Student Loan Forgiveness Program May Not Be Valid
April 03, 2017  |  Debt

The Department of Education warned in a legal filing last week that more than 550,000 people who signed up for a student loan forgiveness program in which...

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Honey, I Grew The Student Loan Default Rate
Honey, I Grew The Student Loan Default Rate
March 28, 2017  |  Loans

Defaulting on student debt has never been a good idea. The collection process is intense and one’s credit rating will be utterly ravaged for a...

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PYMNTS’ Daily Data Dive: FTC To The Debt Rescue
PYMNTS’ Daily Data Dive: FTC To The Debt Rescue
March 16, 2017  |  Daily Data Dive

Financial debt is something that plagues everyone at one point or another in their lifetime. In a Payday Support Center scam, the Federal Trade Commission (FTC) is...

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Pariti: A Get Out Of Debt Free Card?
Pariti: A Get Out Of Debt Free Card?
March 10, 2017  |  Debt

There’s the saying that “money is the root of all evil.” One area where most people are likely to believe that’s true is when it...

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Consumer Borrowing Growth Drops to 5 Year Low
Consumer Borrowing Growth Drops to 5 Year Low
March 08, 2017  |  Debt

The level of U.S. consumer debt logged in January, measured in the amount outstanding, posted its smallest advance in roughly five years, as credit card...

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FTC Settles With Student Loan Debt Collector For $700K
FTC Settles With Student Loan Debt Collector For $700K
February 15, 2017  |  Consumer Finance

One of the most egregious types of loan debts in the country are student loan debts. According to the Federal Trade Commission (FTC), the largest...

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Report Finds Finances Impact Physical, Emotional Health
Report Finds Finances Impact Physical, Emotional Health
February 14, 2017  |  Consumer Finance

Anyone who has taken their car to the mechanic or had a medical emergency knows how easy it can be to walk out owing $1,500...

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Baby Boomers Vs. Millennials: Eerily Similar?
Baby Boomers Vs. Millennials: Eerily Similar?
February 07, 2017  |  Consumer Finance

While most millennials were brought up in the age of the computer, baby boomers can remember a time when they weren’t surrounded by technology. It’s...

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China’s Millennials Willing To Take On Debt
China’s Millennials Willing To Take On Debt
December 12, 2016  |  International

Broader cultural shifts in attitudes toward spending in China could very well be playing a major role in China’s growing debt problem. Recent estimates of...

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