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

Laplanche’s Upgrade Raises $62M To Reinvent Consumer Credit
Laplanche’s Upgrade Raises $62M To Reinvent Consumer Credit
August 23, 2018  |  Loans

When Renaud Laplanche founded LendingClub 12 years ago in 2006, the lending landscape was a very different place. Most consumer and business lending was done...

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The $70K Dent The Financial Crisis Put In The US Consumer’s Pocketbook
The $70K Dent The Financial Crisis Put In The US Consumer’s Pocketbook
August 21, 2018  |  Alternative Finances

While the Great Recession technically began in Dec. 2007, most people remember a different date as the “real” start to the Great Recession: Sept. 15, 2008....

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Consumer Borrowing Hits $13.29 Trillion In Second Quarter
Consumer Borrowing Hits $13.29 Trillion In Second Quarter
August 14, 2018  |  Loans

American’s increased the amount of money they borrowed in the second quarter, with consumer borrowing reaching $13.29 trillion during the quarter ending in June. Reuters, citing...

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Wells Considers Lending To Students With Government Debt
Wells Considers Lending To Students With Government Debt
August 14, 2018  |  Loans

Wells Fargo might give its shrinking student lending business a boost by focusing on borrowers with U.S. government loans. The lender would offer loans to...

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China Corporate Bond Defaults Balloon, Complicating Debt Picture
China Corporate Bond Defaults Balloon, Complicating Debt Picture
August 10, 2018  |  B2B Payments

As China continues to weigh how to approach rising corporate debt, new data reveals rising corporate bond defaults this year, according to Reuters on Thursday...

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Why Household Finances Under The Hood Don’t Look So Good
Why Household Finances Under The Hood Don’t Look So Good
July 23, 2018  |  Payments Innovation

Paul McCartney and The Beatles may have told us that money can’t buy us love, but new research claims that it can certainly buy us...

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Even Snaps Up $40M In Funding
Even Snaps Up $40M In Funding
July 19, 2018  |  Investments

For the more than 170 million Americans who live paycheck to paycheck — three-quarters of all American workers, according to a recent survey — the...

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Payday Lenders Buff Up Loan Products
Payday Lenders Buff Up Loan Products
June 06, 2018  |  Loans

Payday lenders are now offering an array of new financing products that are sending their stocks soaring. Get the Full Story Complete the form to...

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Private Label Retail Credit Card Delinquencies At Highest Rate Since 2011
Private Label Retail Credit Card Delinquencies At Highest Rate Since 2011
May 23, 2018  |  Debt

The severe delinquency rate on private label retail credit cards jumped 57 basis points from March of last year and stands at 4.65 percent, according to...

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