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

InDebted Notches $14M To Use Machine Learning In Debt Collection

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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Mid-Market Gyms Struggle Against Boutique Options
Mid-Market Gyms Struggle Against Boutique Options
January 27, 2020  |  Debt

Despite increased attendance and a spike in the fitness industry, some middle-market fitness gyms are struggling with debt, according to a report by Bloomberg. Get...

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