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

More Consumers Letting Card Debt Revolve, Incur Interest
More Consumers Letting Card Debt Revolve, Incur Interest
June 10, 2022  |  Credit Cards

Consumers are increasingly letting their credit card debt revolve and letting interest mount instead of paying off what they owe each month.  Get the Full...

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Paycheck-to-Paycheck Consumers Will Feel Pinch When Student Loan Freeze Thaws
Paycheck-to-Paycheck Consumers Will Feel Pinch When Student Loan Freeze Thaws
May 31, 2022  |  Loans

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CFPB, NY AG Shutter ‘Deceptive’ Debt Collection Shops
CFPB, NY AG Shutter ‘Deceptive’ Debt Collection Shops
May 23, 2022  |  Legal

The federal Consumer Financial Protection Bureau (CFPB) and the New York state attorney general filed a proposed judgment in federal court to settle its case against...

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Subprime Loan Delinquencies Signal Trouble for Paycheck-to-Paycheck Economy
Subprime Loan Delinquencies Signal Trouble for Paycheck-to-Paycheck Economy
May 19, 2022  |  Economy

Where there’s smoke, there’s fire. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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Paycheck to Paycheck Has Now Become the Predominant Way of Life in America
Paycheck to Paycheck Has Now Become the Predominant Way of Life in America
May 12, 2022  |  Consumer Finance

Nine paycheck-to paycheck reports — and one inescapable conclusion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Study: 29% of Consumers Usually Revolve Credit Card Balances
Study: 29% of Consumers Usually Revolve Credit Card Balances
May 03, 2022  |  Credit Cards

Paycheck-to-paycheck consumers are three times as likely to revolve credit card debt and carry higher monthly balances, according to the April 2022 edition of “New...

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CFPB Reports Flood of Medical Debt-Collection Complaints Last Year
CFPB Reports Flood of Medical Debt-Collection Complaints Last Year
April 20, 2022  |  CFPB

To say we’re behind on medical debt is an understatement on several levels. It wasn’t until 2021 when the Census Bureau finally caught up with...

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Today in FinTech: Boston Red Sox Drop Cash; JPMorgan Signals Pain Ahead
Today in FinTech: Boston Red Sox Drop Cash; JPMorgan Signals Pain Ahead
April 15, 2022  |  Technology

In today’s FinTech news, for the first time ever, the Boston Red Sox are not taking cash for hot dogs, beer, shirts and other concession...

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FTC Issues $4.8M in Refunds to Debt Collector Victims
FTC Issues $4.8M in Refunds to Debt Collector Victims
April 15, 2022  |  Debt

The Federal Trade Commission (FTC) issued more than $4.8 million in refunds to victims of unlawful debt collection practices last year, the agency said in...

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