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

Lending Club: Millennials’ Quest For Financial Freedom Hindered By Bad Debt, BNPL
Lending Club: Millennials’ Quest For Financial Freedom Hindered By Bad Debt, BNPL
August 16, 2021  |  Consumer Finance

With new PYMNTS data showing 60 percent of U.S. millennials currently living paycheck to paycheck, it could be argued that this oft-analyzed demographic is badly...

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New PYMNTS Data Show Half Of Consumers Can Now Cover Unexpected $400 Medical Bill Without Tapping Credit
New PYMNTS Data Show Half Of Consumers Can Now Cover Unexpected $400 Medical Bill Without...
August 05, 2021  |  Consumer Finance

Good news for recovery watchers: the average consumer is exiting the pandemic period demonstrably more financially stable than when it started a little over a...

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NY Fed: Household Debt Nears $15T Amid Rise In Mortgage, Auto Loan Originations
NY Fed: Household Debt Nears $15T Amid Rise In Mortgage, Auto Loan Originations
August 03, 2021  |  Debt

Household debt increased by $313 billion (2.1 percent) in the second quarter of 2021, hitting a total of $14.96 trillion, according to information from the...

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US Collection Agencies Trying To Recoup $140B In Consumer Medical Debt
US Collection Agencies Trying To Recoup $140B In Consumer Medical Debt
July 20, 2021  |  Debt

Medical debt in the U.S. is more than any government department was aware, with collection agencies trying to recoup debts totaling some $140 billion, The...

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Consumer Demand For Auto Loans, Credit Cards Up 39 Pct In April
Consumer Demand For Auto Loans, Credit Cards Up 39 Pct In April
July 08, 2021  |  Loans

Americans seem to be regaining an appetite for auto loans and leases, credit cards and personal loans, The Wall Street Journal (WSJ) reported. The demand...

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New Report: 53 Pct Of Upper-Income Americans Live Paycheck-To-Paycheck
New Report: 53 Pct Of Upper-Income Americans Live Paycheck-To-Paycheck
June 15, 2021  |  Consumer Finance

Living paycheck to paycheck is sometimes seen as synonymous with being poor, an unfortunate but relatively uncommon circumstance. In fact, it is far more widespread...

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Fed Data Shows Household Worth Up To $136.9 Trillion, Debt Climbs 6.5 Pct In Q1
Fed Data Shows Household Worth Up To $136.9 Trillion, Debt Climbs 6.5 Pct In Q1
June 10, 2021  |  Economy

The net worth of households and nonprofits grew to $136.9 trillion for the first quarter of this year, according to a statistical release from the...

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NEW REPORT: Five Ways U.S. Banks Can Tap AI To Manage Credit Risk
NEW REPORT: Five Ways U.S. Banks Can Tap AI To Manage Credit Risk
June 03, 2021  |  Artificial Intelligence

Artificial intelligence (AI) has long since moved from the realm of science fiction to reality, with reports of new applications from transportation to cybersecurity seemingly...

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LendingClub CEO: Getting Ready For The US Consumer’s ‘Great Normalization’
LendingClub CEO: Getting Ready For The US Consumer’s ‘Great Normalization’
May 28, 2021  |  Economy

The pandemic is moving into the rearview mirror. And a cursory read of the headlines may make it seem that we’re headed out from under...

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