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

New Data Says Department Stores Have 40 Percent Chance Of Defaulting
New Data Says Department Stores Have 40 Percent Chance Of Defaulting
April 09, 2020  |  Retail

Former Rue21 CEO Bob Fisch said in a recent interview that department stores were “fossils” and belonged in museums only, and new market data doesn’t...

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SMBs Wary Of Stimulus Loans Without Returning Consumers
SMBs Wary Of Stimulus Loans Without Returning Consumers
March 25, 2020  |  Coronavirus

A debt trap may loom for the smaller businesses that desperately, and immediately, need access to capital. The impact will be most keenly felt by...

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UK Department Store Group Debenhams Requests Five-Month Rent Freeze
UK Department Store Group Debenhams Requests Five-Month Rent Freeze
March 16, 2020  |  Retail

Troubled British department store chain Debenhams is asking for relief from landlords for five months of rent as it anticipates trouble from the ongoing coronavirus...

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Fed Asks Banks To Work With Borrowers Impacted By Coronavirus
Fed Asks Banks To Work With Borrowers Impacted By Coronavirus
March 09, 2020  |  Coronavirus

Banking regulators around the U.S. wrote a joint statement telling banks they wouldn’t be penalized for helping borrowers who are dealing with the financial consequences...

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Will The Coronavirus Unleash Corporate Debt Contagion?
Will The Coronavirus Unleash Corporate Debt Contagion?
March 09, 2020  |  Economy

As the coronavirus roils markets, as indexes swing down — and up — by several percentage points daily, and as interest rates get ever smaller,...

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InDebted Notches $14M To Use Machine Learning In Debt Collection
InDebted Notches $14M To Use Machine Learning In Debt Collection
March 05, 2020  |  Consumer Finance

The Australian FinTech InDebted announced it has raised A$14 million ($9 million) in its Series A funding round, co-led by venture capital firms Carthona Capital...

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Will New CFPB Rules Finally Be Able To Put Zombie Debt To Rest?
Will New CFPB Rules Finally Be Able To Put Zombie Debt To Rest?
March 03, 2020  |  Debt

The phenomenon of zombie debt is not new to the U.S. economy — nor are consumer complaints about collection agencies that use aggressive tactics in...

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Intuit’s Credit Karma Deal, Buy Buttons, Restaurant Apps Top This Week’s News
Intuit’s Credit Karma Deal, Buy Buttons, Restaurant Apps Top This Week’s News
February 28, 2020  |  News

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and...

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Senior Debt Has Spiked 543 Pct Over The Last Two Decades
Senior Debt Has Spiked 543 Pct Over The Last Two Decades
February 27, 2020  |  Debt

Stories about Americans’ increasing debt load have become something of a recurring theme in financial reporting. About two weeks ago, U.S. credit card debt hit an all-time...

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