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

US Household Debt Hits All-Time High
US Household Debt Hits All-Time High
May 05, 2020  |  Debt

Household debt has risen substantially in 2020 thus far, shooting up to $14.3 trillion, a number bypassing the height of the Great Recession by $1.6...

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US Treasury Eyes Borrowing Almost $3 Trillion In Second Quarter
US Treasury Eyes Borrowing Almost $3 Trillion In Second Quarter
May 04, 2020  |  Debt

To fight the coronavirus pandemic, the U.S. government said it is planning to borrow $2.99 trillion in the second quarter this year, a record number,...

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1 In 4 US Cardholders Saw Credit Limit Cut Over The Last Month
1 In 4 US Cardholders Saw Credit Limit Cut Over The Last Month
May 04, 2020  |  Consumer Finance

Nearly 50 million credit card customers in the U.S. said they have had their credit limit slashed or their card closed in the past month...

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J. Crew Seeks Bankruptcy Protection
J. Crew Seeks Bankruptcy Protection
May 04, 2020  |  Retail

Amid fallout from the coronavirus pandemic, J. Crew Group Inc. has become the first major retailer to file for bankruptcy with intentions to cede control of the...

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London’s Finablr Finds $1B In Debt Charged To Company
London’s Finablr Finds $1B In Debt Charged To Company
May 01, 2020  |  Security & Fraud

Finablr has uncovered around $1 billion in debt hidden from its board, in the latest news in the scandal that has pushed sister company NMC...

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Debt Traps – And Bankruptcies – May Spread As A Coronavirus Side Effect
Debt Traps – And Bankruptcies – May Spread As A Coronavirus Side Effect
April 27, 2020  |  Coronavirus

There’s nowhere to hide from the crippling economic effects of the coronavirus. As companies across all verticals have been forced to shutter, they’ve been unable...

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Banks Prep For Wave Of Skipped Credit Card Payments
Banks Prep For Wave Of Skipped Credit Card Payments
April 26, 2020  |  Coronavirus

Banks are bracing for fallout as more people struggle to make credit card payments due to lost paychecks amid the coronavirus pandemic, according to a...

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Macy’s Could Raise Up To $5B In Debt Amid COVID-19
Macy’s Could Raise Up To $5B In Debt Amid COVID-19
April 22, 2020  |  Retail

To contend with the COVID-19 pandemic, Macy’s is considering raising up to $5 billion worth of debt. The retailer will look to bring in $3...

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Consumers Pay Down Credit Card Debt As Businesses Ramp It Up
Consumers Pay Down Credit Card Debt As Businesses Ramp It Up
April 19, 2020  |  Economy

As the coronavirus pandemic continues, a sharp difference emerges between the ways consumers and businesses are dealing with credit: Consumers are spending less and have...

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