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

Navient Can’t Guarantee It Has Student Loan Borrower’s Interest In Mind

Navient Can’t Guarantee It Has Student Loan Borrower’s Interest In Mind
Navient Can’t Guarantee It Has Student Loan Borrower’s Interest In Mind
April 04, 2017  |  Debt

Navient, the nation’s largest student loan servicer, has touted that it wants to help American borrowers, but based on a recent filing, the company is...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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. Get the Full Story Complete the form to unlock this...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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. Get...

READ MORE >