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 Extends Student Loan Pause Until May
Biden Extends Student Loan Pause Until May
December 22, 2021  |  Loans

The Biden Administration has given student loan borrowers an early Christmas present, extending the pause on payments until May 1.  “We know that millions of...

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Student Loan Payment ‘Restart’ Adds Pressure for Paycheck-to-Paycheck Consumers 
Student Loan Payment ‘Restart’ Adds Pressure for Paycheck-to-Paycheck Consumers 
December 17, 2021  |  Loans

February 2022 looms as a red-letter month for individuals and consumers with student loans – and, by extension, signals pressure for paycheck-to-paycheck consumers. It’ll be...

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BNPL Stock Prices Crash Amid CFPB Investigation
BNPL Stock Prices Crash Amid CFPB Investigation
December 17, 2021  |  Buy Now Pay Later

The Consumer Financial Protection Bureau said Thursday (Dec. 16) it wants details from several high-profile buy now, pay later (BNPL) firms — Affirm, Afterpay, Klarna,...

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CFPB Probes Big Five Buy Now, Pay Later Providers Over Data Use, Debt Accumulation
CFPB Probes Big Five Buy Now, Pay Later Providers Over Data Use, Debt Accumulation
December 17, 2021  |  BNPL

The Consumer Financial Protection Bureau (CFPB) opened on December 16 an inquiry into Buy Now, Pay Later (BNPL) to better understand the risks and benefits...

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UK Credit Card Interest Rates Surpass 21%, Highest Since 1998
UK Credit Card Interest Rates Surpass 21%, Highest Since 1998
December 05, 2021  |  Credit Cards

With credit card interest rates at new highs, campaigners want there to be more caps on the rates, The Guardian writes. The rates are reportedly...

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Debt Collectors Move Beyond Robocalls to Text, Email, Social Media
Debt Collectors Move Beyond Robocalls to Text, Email, Social Media
December 02, 2021  |  Debt

Collection agencies can now reach out to debtors by text, email and social media following new rules enacted by the Consumer Financial Protection Bureau (CFPB),...

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It Takes More Than Convenience to Woo Credit Card Users
It Takes More Than Convenience to Woo Credit Card Users
December 02, 2021  |  Credit Cards

Consumers want more than just a great interest rate when they choose a credit card issuer, PYMNTS research has revealed. Three out of four consumers...

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Embedding Nimbla Within More Platforms Holds the Key to Boosting UK Customer Base
Embedding Nimbla Within More Platforms Holds the Key to Boosting UK Customer Base
November 11, 2021  |  B2B Payments

Managing a small or medium-sized business (SMB) is challenging enough without factoring debt collection, which explains why the stressful process oftentimes get left at the...

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Fed’s Debt Data Report Signals Pressures for Paycheck-to-Paycheck Consumers
Fed’s Debt Data Report Signals Pressures for Paycheck-to-Paycheck Consumers
November 09, 2021  |  Credit Cards

In the United States, we’re wielding the plastic — or the digital versions of it, at least — more than we have in quite some...

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