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

Biden Administration Cancels $9 Billion in Student Loans as Payments Restart
Biden Administration Cancels $9 Billion in Student Loans as Payments Restart
October 04, 2023  |  Loans

The White House canceled $9 billion in debt for 125,000 student loan borrowers. The debt relief comes as student loan payments restart for Americans following...

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Experian Launches Credit-Building Digital Checking Account and Debit Card
Experian Launches Credit-Building Digital Checking Account and Debit Card
October 02, 2023  |  Digital Banking

Experian has launched the Experian Smart Money Digital Checking Account and Debit Card, featuring FICO score-boosting Experian Boost. The new offering aims to provide consumers...

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Inflation Slows but Still Outpaces Disposable Income Headed Into Holiday Shopping Season
Inflation Slows but Still Outpaces Disposable Income Headed Into Holiday Shopping Season
September 29, 2023  |  Economy

Inflation is slowing, according to the latest official data. But it may not make a difference in the lives of the roughly 60% of consumers...

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More Men Than Women Have Been Denied Credit at Least Once in Past Year
More Men Than Women Have Been Denied Credit at Least Once in Past Year
September 29, 2023  |  Consumer Insights

In the United States where credit scores are a critical factor in determining whether you are approved or denied for a mortgage, auto loan or...

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What We Know About the Paycheck-to-Paycheck Consumer Three Years Post-Pandemic
What We Know About the Paycheck-to-Paycheck Consumer Three Years Post-Pandemic
September 28, 2023  |  Consumer Finance

Across the span of more than two dozen reports since the darkest days of the pandemic more than three years ago — and with eight...

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New Homes and Cars ‘Completely Unaffordable’ Amid High Interest Rates, Says Moody’s
New Homes and Cars ‘Completely Unaffordable’ Amid High Interest Rates, Says Moody’s
September 26, 2023  |  Economy

The Federal Reserve indicated last week that higher interest rates will likely stick around. And as The Wall Street Journal (WSJ) reported Tuesday (Sept. 26), this situation has begun...

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Wall Street’s Caution and Downgrades Anticipate Student Loans’ Pinch on Consumer Spending
Wall Street’s Caution and Downgrades Anticipate Student Loans’ Pinch on Consumer Spending
September 18, 2023  |  Economy

Just a few weeks from now, federal student loan payments resume, ending a moratorium that had been in place since the onset of the pandemic...

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Nearly Half of Consumers Say Student Loan Repayments Will Hurt Their Ability to Save
Nearly Half of Consumers Say Student Loan Repayments Will Hurt Their Ability to Save
September 15, 2023  |  Loans

The freeze on federal student loan payments since March 2020 has allowed millions of individuals to allocate their money toward other needs. But as the...

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Overdrafts Add to Consumers’ Financial Burden as Personal Bankruptcies Rise
Overdrafts Add to Consumers’ Financial Burden as Personal Bankruptcies Rise
September 12, 2023  |  Consumer Finance

The United States is grappling with record-high consumer credit card debt of over $1 trillion, raising concerns about credit insecurity for both consumers and providers....

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