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

UK Credit Card APR Soars To Nearly 25 Pct.

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. Get the Full Story...

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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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Unpaid Student Loans And Credit Card Debt Mount In US
Unpaid Student Loans And Credit Card Debt Mount In US
August 15, 2019  |  Debt

An increasing number of Americans are struggling to keep up with their student loan and credit card debt, Reuters reported on Tuesday (Aug. 13). Get...

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State Regulators Investigate Payday Advances
State Regulators Investigate Payday Advances
August 08, 2019  |  Alternative Finances

The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the...

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