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

What SMB Owners’ Personal Credit Card Dependency Means For The Recovery
What SMB Owners’ Personal Credit Card Dependency Means For The Recovery
August 03, 2020  |  SMBs

For a significant number of small- to medium-sized businesses (SMBs), navigating through the economic headwinds wrought by the pandemic, in plastic they trust. Get the...

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Consumers Use Stimulus Money To Pay Down Credit Card Debt
Consumers Use Stimulus Money To Pay Down Credit Card Debt
August 02, 2020  |  Debt

With one in five workers collecting jobless benefits thanks to the pandemic, banks braced for increased credit card debt and delinquencies as families struggled to...

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Almost Half Of Wirecard’s Debt Stemmed From SoftBank’s $1B Investment
Almost Half Of Wirecard’s Debt Stemmed From SoftBank’s $1B Investment
July 29, 2020  |  Security & Fraud

SoftBank Group Corp., the Tokyo-based multinational conglomerate that owns stakes in technology and finance companies, invested $1 billion in Wirecard AG last year in a move that quieted questions...

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US Firms Expected To Lower Cash Holdings Amid Pandemic
US Firms Expected To Lower Cash Holdings Amid Pandemic
July 27, 2020  |  B2B Payments

Businesses have responded to the pandemic by tapping into their cash reserves, as around 32 percent of businesses plan to diminish their cash holdings in...

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Synchrony CEO Warns Of US Credit Card Default Crisis
Synchrony CEO Warns Of US Credit Card Default Crisis
July 27, 2020  |  Debt

Two leading executives in the store credit card industry said they are nervous that when the federal $600-a-week bump for recipients of state unemployment benefits...

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Finablr Hires Firm To Investigate Potential Wrongdoing
Finablr Hires Firm To Investigate Potential Wrongdoing
July 23, 2020  |  Security & Fraud

After discovering over $1 billion in hidden debt in May, Finablr has hired law firm Skadden to investigate potential theft and wrongdoing in the company....

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Record 32 Pct Of Americans Miss Housing Payments In July
Record 32 Pct Of Americans Miss Housing Payments In July
July 08, 2020  |  Debt

A record number of tenants and homeowners — 32 percent — missed some or all of their rent or mortgage in July, according to Apartment...

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Corporate Debt Rises As China Tries To Heal From Pandemic
Corporate Debt Rises As China Tries To Heal From Pandemic
July 02, 2020  |  B2B Payments

Chinese policymakers have been trying to multi-task between fighting pandemic-related economic damage and fueling a new debt bubble from recent spending, according to Bloomberg. Get...

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Today In Payments: Wirecard Forces German Accounting Regs Reboot; Consumers Sour On Travel Rewards Cards
Today In Payments: Wirecard Forces German Accounting Regs Reboot; Consumers Sour On Travel Rewards Cards
June 29, 2020  |  News

In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards cards. Plus, the...

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