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

FTC Settles With Student Loan Debt Collector For $700K
FTC Settles With Student Loan Debt Collector For $700K
February 15, 2017  |  Consumer Finance

One of the most egregious types of loan debts in the country are student loan debts. According to the Federal Trade Commission (FTC), the largest...

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Report Finds Finances Impact Physical, Emotional Health
Report Finds Finances Impact Physical, Emotional Health
February 14, 2017  |  Consumer Finance

Anyone who has taken their car to the mechanic or had a medical emergency knows how easy it can be to walk out owing $1,500...

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Baby Boomers Vs. Millennials: Eerily Similar?
Baby Boomers Vs. Millennials: Eerily Similar?
February 07, 2017  |  Consumer Finance

While most millennials were brought up in the age of the computer, baby boomers can remember a time when they weren’t surrounded by technology. It’s...

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China’s Millennials Willing To Take On Debt
China’s Millennials Willing To Take On Debt
December 12, 2016  |  International

Broader cultural shifts in attitudes toward spending in China could very well be playing a major role in China’s growing debt problem. Recent estimates of...

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Canadian Banks Selling Credit Card ABS In US
Canadian Banks Selling Credit Card ABS In US
December 08, 2016  |  Banking

Canadian banks are increasingly turning to the U.S. market, issuing $6.8 billion asset-backed securities during 2016 alone, based on data compiled by Bloomberg. In a...

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Startup EarnUp Steps Up On Consumer Debt Paydowns
Startup EarnUp Steps Up On Consumer Debt Paydowns
November 10, 2016  |  Startups

With the latest data coming in from our Investment Tracker, overall fund flow proved anemic for the week that ended November 4, at just under...

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What Brexit Will Mean For UK’s Debt Load
What Brexit Will Mean For UK’s Debt Load
July 04, 2016  |  International

The Brexit impact extends beyond stock and bond market to hit fiscal policy as well. CNN Money reported that the British government is walking back commitments to produce a...

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Mounting Credit Card Debt May Hit $1 Trillion Mark
Mounting Credit Card Debt May Hit $1 Trillion Mark
May 23, 2016  |  Payment Methods

As banks continue to push cards and borrowers become more comfortable with carrying debt, the levels of outstanding credit card balances are on track to...

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