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

Upgrade Card Combines Credit Card Acceptance With Installment Payments Flexibility
Upgrade Card Combines Credit Card Acceptance With Installment Payments Flexibility
October 10, 2019  |  Loans

Twelve years ago, LendingClub Founder Renaud Laplanche built a business to help consumers manage the $800 million in outstanding credit card debt. That product was...

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Zillow: Student Loans, Medical Debt Roadblocks To Mortgages
Zillow: Student Loans, Medical Debt Roadblocks To Mortgages
September 30, 2019  |  Debt

New data released by Zillow reveals that medical debt and student loans are two of the biggest obstacles facing aspiring home buyers. The 4th annual...

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UK Credit Card APR Soars To Nearly 25 Pct.
UK Credit Card APR Soars To Nearly 25 Pct.
September 17, 2019  |  Debt

Interest rates on credit card balances in the U.K. are the highest they have been in 13 years, according to a report by the Financial Times....

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Paytm’s Long Walk To Profitability 
Paytm’s Long Walk To Profitability 
September 11, 2019  |  Digital Payments

Paytm is perhaps the largest and best-known domestic name in mobile payments in India, but it continues to struggle on the path to profitability. As...

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Global Debt Spike Has Some Central Bankers Worried
Global Debt Spike Has Some Central Bankers Worried
September 09, 2019  |  Economy

As the U.S.-China trade war continues and economies take a dive, already low global interest rates could drop even further, The Wall Street Journal reported...

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Citi Ups Credit Card Game With No-Interest Credit Transfer
Citi Ups Credit Card Game With No-Interest Credit Transfer
September 06, 2019  |  Debt

Even as the economy in the United States softens, Citigroup has been making a push for credit cards. The company is said to be among...

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Girding for the $17 Trillion Negative Interest Rate Debt Trap
Girding for the $17 Trillion Negative Interest Rate Debt Trap
August 26, 2019  |  Economy

The world is awash in debt marked by negative interest rates. It’s a $17 trillion warning sign of overextended corporate borrowing and lending, CreditRiskMonitor CEO...

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Co-founder Of Google’s AI Lab On Leave Amid Controversy
Co-founder Of Google’s AI Lab On Leave Amid Controversy
August 21, 2019  |  Google

The co-founder of Google‘s artificial intelligence (AI) lab has been placed on leave due to issues with some of his projects. Mustafa Suleyman, who runs...

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GenZ Gets Friendly With Credit
GenZ Gets Friendly With Credit
August 20, 2019  |  Financial Inclusion

Generation Z is growing up. The oldest members of the generation born between the mid-90s and the mid-2010s (specific year ranges vary depending on who...

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