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

Young Adults Have Record Debt Surpassing $1T
Young Adults Have Record Debt Surpassing $1T
February 25, 2019  |  Debt

Americans between the ages of 19 and 29 ended 2018 collectively owing more than $1 trillion in debt, the highest level for young adults since...

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Companies Opting For Term Loans To Slash Debt Loads
Companies Opting For Term Loans To Slash Debt Loads
February 25, 2019  |  B2B Payments

In an attempt to slash debt and avoid a downgrade in their credit ratings, some U.S. companies are opting for term loans. According to Reuters,...

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Formjacking Takes Off (And The Rest Of The Week In Sizzles And Fizzles)
Formjacking Takes Off (And The Rest Of The Week In Sizzles And Fizzles)
February 22, 2019  |  Sizzle/Fizzle

While there is much negative to be said about cybercriminals, one can’t accuse hackers and cybercriminals of being uncreative in their methods.  As phishing and...

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Shipping Co XPO Refinances $1B After Amazon Pulls Biz
Shipping Co XPO Refinances $1B After Amazon Pulls Biz
February 19, 2019  |  Loans

A global shipping company is reeling after Amazon apparently pulled business to focus on its own logistics, according to a report from Bloomberg. XPO Logistics,...

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Student Debt In ‘Serious Delinquency’ Grows
Student Debt In ‘Serious Delinquency’ Grows
February 18, 2019  |  Loans

Student debt in arrears has hit record highs as measured by data gleaned from the Federal Reserve Bank of New York, Bloomberg reports. The newswire...

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Dampening Earnings Outlook Signals US Corporate Recession?
Dampening Earnings Outlook Signals US Corporate Recession?
February 18, 2019  |  Earnings

A recession is generally defined as two consecutive quarters of negative growth. You may be, of course, familiar with the idea of an economy in recession,...

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In China, Some Banks Shy Away From Letting Cards Max Out
In China, Some Banks Shy Away From Letting Cards Max Out
February 18, 2019  |  Regulation

In China, Reuters reports that banks have resisted “maxing” out their credit card business, eyeing consumer spending and the fact that credit card lending has...

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Economists: US Debt Levels Not ‘Catastrophic’
Economists: US Debt Levels Not ‘Catastrophic’
February 18, 2019  |  Debt

Although the nation’s debt is on the rise, some economists are saying the unexpected: the U.S. shouldn’t be that concerned about it. According to The Wall...

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Moody’s: U.S. Household, Credit Debt Grow Modestly, Auto Delinquencies Decline
Moody’s: U.S. Household, Credit Debt Grow Modestly, Auto Delinquencies Decline
February 13, 2019  |  Consumer Finance

Moody’s Investors Service, an American Credit rating firm, has released its quarterly Pulse of Consumer Credit report, and in a report emailed to PYMNTS, it...

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