- The Latest Debt News and Information
EM groups will pay heavy price for gorging on debt  Financial Times

Less investment for growth and yet more borrowing beckons.

Bank of England reviews impact of student debt on financial stability  Financial Times

Central bank examines how debt could affect graduates' ability to spend and pay other debts.

This is the best place to live in America to pay down debt  CNBC

LendingTree recently analyzed data in 50 of the biggest metro areas in the U.S. to find which city was the best to live in if you're looking to pay down debt.

Student loan debt is keeping young people from buying homes, Fed study finds  CNBC

Home ownership among all Americans for the study period declined 4 percentage points, from a peak of 69 percent in 2005 to a trough of 65 percent in 2014.

New Look to regroup after restructuring debt  Drapers

New Look's refinancing, aimed at reducing its long-term debt by 80%, will put the retailer “on the front foot” in tackling its turnaround strategy, executive chairman ...

China’s globetrotting labourers face dangers and debt  Financial Times

Overseas workers struggle amid long hours, unsafe conditions and unpaid salaries.

Debt? What debt? At $22 trillion, here's the argument the national debt doesn't matter  CNN

So much ink has been spilled for so long on the national debt, it might be nice if that $22 trillion plus on the red side of the US balance sheet just didn't really ...

Mozambique ruling party grapples with $2bn state-debt scandal  TimesLIVE

When former Mozambican finance minister Manuel Chang was arrested at Johannesburg airport over the Christmas holidays, it triggered a political crisis ahead ...

Fabinho reveals his debt of gratitude to Jurgen Klopp and Virgil van Dijk at Liverpool  Liverpool Echo

Brazilian midfielder has stepped up and showcased his versatility in recent weeks.

Brexit threat exposes frailties in UK debt markets  Financial Times

Foreign investors are 'sitting on their hands', leaving some asset classes at risk.

Are You Struggling With Medical Debt?  NPR

Have you or someone close to you been struggling with medical bills you can't pay. NPR is doing a story about the best strategies for dealing with medical debt ...

New Look aims to cut debt by £1bn in restructuring plan  City A.M.

New Look will cut debt by £1bn as part of a restructuring deal agreed with investors, the fashion retailer announced this morning.

Here's How Much Debt Collectors Earn In Every State  Forbes

Ever wonder what one of the most disdained jobs in the country earns a year? Now it's time to find out how much money debt collectors are taking home in each ...

Average weekly childcare cost of £166 putting Northern Ireland families in debt  Belfast Telegraph

Families here spend an average of £166 a week on childcare, making it the largest or second largest monthly bill for two-thirds of households.

Jet Airways actively considering resolution plan to infuse capital, reduce debt  The News Minute

Financially stressed Jet Airways on Wednesday said that a resolution plan to infuse capital and reduce debt of the company is under active consideration.

Hundreds of people in Barrow in debt owing more than £1m - shock report reveals  NW Evening Mail

BARROW'S debt crisis soared past a million pounds last year, according to a shocking new report.

SoftBank Takes Small Step to Reduce Giant Debt With Bond Buyback  Bloomberg

SoftBank Group Corp. bonds jumped after the company offered to buy back its notes, in a small step by billionaire Masayoshi Son's firm to cut its massive debt ...

Provident Financial warns on profit after rise in bad debt  Financial Times

Subprime lender reports tougher trading at Vanquis credit card division.

Paying down debt should be priority for low income workers, say experts  Cape Breton Post

TORONTO — Investment planning can often be seen as a luxury for the financially stable but advisers say that it's especially important for those who are starting ...

Judge hears major Puerto Rico debt restructuring case  ABC News

A court hearing on a major restructuring of Puerto Rico's mammoth debt opened Wednesday, with protesters warning the deal would further indebt the U.S. ...

Average UK household debt now stands at record £15,400  The Guardian

Britain's household debt mountain has reached a new peak, with UK homes now owing an average of £15,385 to credit card firms, banks and other lenders, ...

The 'paradox of debt'—or how to avoid austerity again • Social Europe  Social Europe Journal

The Spanish government's budget proposals show some break with the austerity of its conservative predecessor. But there is still an excessive commitment to ...

Brexiteers owe Dominic Grieve and Gina Miller a debt of gratitude

If, as seems inevitable, the Commons votes to reject Theresa May's Brexit deal later today – thereby sparing Britain from the humiliation of being trapped…

Corporations increasingly seen defaulting on debt – survey  Reuters

NEW YORK, Jan 17 (LPC) - Corporations globally will increasingly default on debt as economies slow while borrowing costs and political strife escalate, ...

Universal Credit delay ‘traps Brits in debt and forces them to food banks to pay it all back, charity warns  The Sun

UNIVERSAL Credit's five week wait for help is trapping Brits in debts which they can't ever repay, a charity has warned. Christians Against Poverty say that the ...

Bezeq group could be on the verge of collapse amid growing debt problems  Haaretz

The pyramid-structured holding group that tycoon Shaul Elovitch constructed over Bezeq – Israel's biggest telecommunications provider – is at risk more than ...

There’s Not Enough Debt in the World  Bloomberg

It may be a cliché, but it's true that the world's awash in debt. In its quarterly update, the Institute of International Finance said on Tuesday that the world's debt ...

Some Silly Mistakes to Avoid While Choosing a Personal Loan for Debt Consolidation  Thrive Global

Are you finding it pretty difficult to save money despite trying really hard? You are certainly not the only one. Today, more and more people are finding it difficult ...

Copeland council has written off debts of more than one million pounds since 2015  News & Star

COPELAND council has written off debts of more than one million pounds since 2015, with the crisis blamed on previous administrations.

Hedge funds target AA over debt pile

Hedge funds have ramped up their bets against the AA, piling pressure on chief executive Simon Breakwell to get to grips with its enormous debts.

Debt headache? Reboot your finances for the new year  The Guardian

Did you blow your budget in December? In a few days' time, the first set of post-Christmas credit card bills will land on doormats – and for many they will not ...

Bognor teenager racked up £8,000 debt with notorious drug dealer before drug-driving arrest  Bognor Regis Observer

A Bognor Regis man caught driving with four different drugs in his system was 'beyond his depth' after racking up thousands of pounds of drug debt.

Record year: Sustainable debt market surges forward in response to growing global demand

The global green finance market enjoyed another impressive year in 2018, as record levels of sustainable debt were issued on the back of solid growth from the ...

Have we been misled over the importance of government debt?  The Independent

Fiscal illusion” sounds like the kind of thing Derren Brown might do to your wallet in front of a packed theatre. But actually, fiscal illusions are what perturb ...

Top Bad Loan Buyer Raises $1.3 Billion to Acquire India Debt  Bloomberg

Edelweiss Financial Services Ltd. raised as much as 92 billion rupees ($1.3 billion) from investors including insurance companies and pension funds as it seeks ...

Gambler mum who ran up £70000 in debt is inspiration behind ITV's latest show starring Sheridan Smith  St Helens Star

A MUM-of-one, whose story of racking up £70000 of debt by betting online has inspired the ITV series Cleaning Up, has called for more support for…

Can Hollywood’s Biggest Media Companies Avoid Getting Crushed by Debt?  Variety

Media giants have piled up mountains of debt. AT&T, Disney and Comcast now need to make sure they don't get crushed under those obligations.

Rich students escape debt by paying uni fees upfront - Your Money  Your Money

The wealthiest 10% of students at English universities pay their tuition fees upfront, research reveals.

The Gym Group shares weighed down by higher debt predictions despite 2018 revenue growth  Proactive Investors UK

The Gym Group PLC (LON:GYM) - The firm expected revenues for 2018 to be up 35.6% at £123.6mln, however acquisitions and investments meant net debt ...

Paying off debt is a pressing issue for Gen X and younger boomers  CNBC

While 70 percent of this demographic were able to set aside money for their later years in 2018, building that nest egg is not their current focus — paying down ...

Suspected gun used during robbery of debt collector  Portadown Times

A suspected firearm was used to threaten and rob a debt collector this afternooon.

Don't let Instagram envy get you into debt: opinion - Tech News  The Star Online

The friends making you jealous on Instagram may not actually be able to afford the vacations they post about.

Puerto Rico Tests the Trump Strategy to Wipe Out Debt  Bloomberg

A federal oversight board says more than $6 billion of bonds should be declared null and void. Trump spoke about erasing the island's debt in 2017.

UKDMO UK Regulatory Announcement: Issue of Debt  Business Wire

DMO-TAS041/2190/003 Eastcheap Court 11 Philpot Lane London EC3M 8UD T 020 7862 6500 F 020 7862 6509

Natty Light is donating $10 million to offset 'crippling' student-loan debt, and it reveals a dark reality about America  Business Insider

Natural Light on Tuesday announced plans to donate $10 million to offset student-loan debt.

Czech democracy ‘under threat’ from rising debt crisis  The Guardian

Snowed under with debts from a failed business, Renata's hands shook as she told a tale of financial misery that drove her to contemplate suicide and visited ...

The British high street crisis is due to debt, not Brexit  New Statesman

In 2018, the British high street endured its worst Christmas since the global financial crisis of 2008. Figures released by KPMG, which audits many of the firms in ...

AMLO´s Government Debuts in Global Markets With Debt Issuance Of 2000 Million Dollars  The Yucatan Times

MEXICO (Bloomberg).- Lopez Obrador´s new government made a successful transaction in the international financial markets, offering $2 billion of 10-year debt ...

Debt-saddled Brits forced onto the breadline by credit vultures  Mirror Online

The Daily Mirror's Fair Credit for All campaign aims to shine a light on the interest rates rip-off experienced by millions in the UK.

Pizza Express debt: UK High Street chain owes £1billion in debt | Daily Star  Daily Star

PIZZA Express has debts of around £1billion with bosses blaming adverse weather conditions for a "significant impact" on sales.

Metro Vancouver debt service costs to soar over the next five years  Vancouver Sun

"Over the last many years we've hovered around where we are at now. It's just the sheer magnitude of the capital programs and the needs going forward that is ...

Princes Quay grotto builder left £3,000 in debt after 'Grinch' owner fails to pay staff  Hull Daily Mail

A set-builder who "stupidly" used his own credit card to fund the build of seven Santa's grottos nationwide has been left £3,000 in debt after the "grinch" owner ...

Average Household Debt Climbs to New High of £15,400  Money Expert

The TUC (Trades Union Congress) has released figures showing that average unsecured debt per household in the UK has reached a new peak of just under ...

US national debt rises $2 trillion under Trump  CNN

The US national debt stood at $21.974 trillion at the end of 2018, more than $2 trillion higher than when President Donald Trump took office, according to ...

Gundlach's warning on 'ocean of debt' adds to worries over corporate bonds  CNBC

Investor Jeffrey Gundlach warns that the debt load is about to become a bigger problem. "We are talking about the creation of an ocean of debt," Gundlach tells ...

'Living beyond our means': Auditor general troubled by debt growth

New Brunswick's auditor general went after the province's overall finances in her annual report Wednesday, saying the debt has reached a historic high.

Highbury College calls in lawyers over £1.4m debt it is owed by Nigerian state government  The News

LAWYERS have been instructed by a Portsmouth College as it seeks to recover a £1.4m debt it says it is owed by the government of a Nigerian coastal state.

New Look reveals plan to slash debt to £350m  Drapers

New Look has agreed a debt-for-equity swap with a group of its key financial stakeholders, which is aimed at reducing its long-term debt by 80% from £1.35bn to ...

UK retailer New Look's restructuring to cut debt by one billion pound  Reuters UK

British fashion group New Look said on Monday it had agreed a restructuring with debtholders to deleverage and strengthen its balance sheet.

Debt-plagued dad fraudulently sold goods online after he was 'threatened by loan sharks'  Chronicle Live

Craig Swinburn, 39, was almost jailed after going to Gumtree to swindle his bosses.

Parents angry after school threatens to withhold hot school dinners over unpaid debts  The Independent

Parents are angry following a letter that was sent by a primary school threatened to deny their children hot meals unless dinner money debts are paid.

How to manage holiday debt headaches  KOB

Emily Jaceks January 17, 2019 07:01 AM. ALBUQUERQUE, N.M. - The tree is down, and the decorations are packed up. Now, the post-holiday headache is ...

Premier Oil to pay down more debt after record production  Financial Times

Premier Oil, the North Sea producer, expects to pay off more of its hefty debt load this year than previously expected, helped by another year of record production ...

Triple-B movie: ‘Big Short’ star fears for debt-laden companies  Financial Times

In an economic slump, buyers for BBB-rated bonds may be hard to find.

The 5 Cheapest Ways To Pay Off Credit Card Debt Fast  Forbes

Of course, the faster you pay off credit card debt with as little cost as possible the better. But which method is the fastest? Which is the cheapest, and can you get ...

Can you bank on debt mutual funds to create a retirement corpus  Economic Times

Most investment advisors advocate investing in equity mutual funds to create a retirement corpus. They reason that equity or stocks have the potential to beat ...

Aurora to raise $250 million in convertible debt, stock falls in late trading  MarketWatch

Aurora Cannabis Inc. ACB, +4.71% ACB, +4.97% said late Wednesday that it planned to raise $250 million via convertible debt. Aurora stock fell more than 6% ...

How to cure a Christmas debt hangover  The Independent

You had a great Christmas. You enjoyed picking the best gifts for the people you love, you ate and drank well, and you caught up with friends and family you ...

Report: Student loan debt growing faster in Orlando than anywhere else | WFTV  WFTV Orlando

A report from one of the big three credit bureaus said Orlando leads the nation when it comes to student loan debt.

Settlement to provide over $340K in debt relief to North Dakota...  The Dickinson Press

BISMARCK — The North Dakota Attorney General's Office has announced that 151 North Dakota students will receive more than $340,000 in loan debt relief in ...

Big borrower Foxtel calls in banks as debt deal looms  The Australian Financial Review

Pay-TV giant Foxtel is considering a return to the United States capital markets, as part of a refinance of its wider debt stack. Street Talk understands Foxtel ...

Can the Cable Cowboy Wrangle the Debt for His Latest Deal?  Bloomberg

John Malone ought to be able to structure a deal to buy Millicom without driving up leverage too high.

KKR warns investors on giant corporate debt loads  Financial Times

Markets guru Henry McVey recommends trimming exposures to riskiest borrowers.

“They're sometimes compared to superheroes”: Why we all owe a debt to project managers  CityMetric

It's highly likely that you recognise the building in the picture at the top of this page. The Sydney Opera House is, after all, one of the most famous structures in ...

Martin Lewis reveals how to cut ALL your debt costs in 7 steps  The Sun

MILLIONS of Brits have racked up debt over the years - but with the help of Martin Lewis you can cut your bills. In his yearly debt masterclass, the ...

Flagship South African airline in crunch debt talks  Financial Times

SAA chief stresses need to restructure loans as it strives to avert closure threat.

£17m of debt to be wiped off Blues' books after stadium move  Echo

SOUTHEND United will have revenue stream its competitors “can only dream of” as chairman Ron Martin plans to wipe out all debt before the club…

1 in 5 millennials with debt expect to die without ever paying it off  CNBC

Just over 60 percent of millennials with debt don't know when, or if, they'll ever be able to pay off what they owe. That includes almost 20 percent who expect to ...

Get in debt or turn down job? Universal Credit's 'stark choice'  BBC News

The Universal Credit system leaves too many UK claimants with children facing a stark choice between turning down jobs or getting into debt, MPs warn.

Debt crisis: British families face £15k misery  Express

The average UK family now owes £15,385 in unsecured debt, such as credit cards, loans and overdrafts. In its annual report into the nation's finances, the ...

Sias chief calls for answers as Hyflux debt revamp drags on  The Business Times

THE BUSINESS TIMES Companies & Markets - INVESTORS looking forward to Hyflux's second round of townhall meetings on Friday may have to wait a little ...

'We would have died if it wasn't for him': Family's debt to war hero Frank Foley

The words of Lion 'Bob' Rubin, who along with his family was saved from Hitler's murderous Nazi regime thanks to the bravery of Black Country war hero Major ...

JPMorgan Debt-Trading Revenue Plunges to Lowest Since Crisis  Bloomberg

JPMorgan Chase & Co.'s bond traders just reported their worst quarter in a decade a day after Citigroup Inc. said it was also pummeled by market turmoil.

New Look cuts its £1.35bn debt pile  Bradford Telegraph and Argus

NEW LOOK has taken action to cut its debts by handing the company over to its creditors.

Britain owes £72.5bn on credit cards as households pile on debt despite fears for economy  The Independent

Britons owe a total of £72.5bn on credit cards with £400m added to balances in November alone, new figures show. Each household in the UK now has an ...

Loveland City Council approves new Foundry debt  Loveland Reporter-Herald

LOVELAND — Via three unanimous votes, the Loveland City Council on Tuesday approved The Foundry Loveland Metropolitan District to issue $1.

Does AT&T Even Need DirecTV?  Bloomberg

If the pay-TV unit continues causing headaches for shareholders and bondholders, selling it may not be such a crazy idea.

Rich students avoid the high cost of debt by paying tuition up front

The study done by think tank Intergenerational Foundation discovered that the proportion of self-funding students is highest at Russell Group universities.

How can Rita make her fleeing partner pay his share of their debt?  MoneySense

Q. My common-law partner of 20 years left last year with no communication with me whatsoever. He has left me with all the debt. He had told my daughter that he ...

Dad who helped erase lunch debt, fundraises to feed federal workers during government shutdown | KIRO-TV  KIRO Seattle

A Seattle dad who raised thousands of dollars to pay off school lunch debt around Washington state is at it again.

My parents gave my sister $75,000 for her student debt, should I also ask for $75,000?  MarketWatch

This woman says this money will be worth far less in 20 years from today, and would like her share today.

Helping families in debt would boost confidence - EXPRESS COMMENT  Express

JANUARY is always a cruel month for household finances, and a report from the Trades Union Congress (TUC) has found that families across the UK are ...

The biggest emerging market debt problem is in America  Financial News

A recurrent topic in the financial press for much of 2018 has been the rising risks in the emerging market asset class. Emerging economies are, of course, a very ...

Lebanon Gets Market Respite After Disavowing Debt Restructuring  Bloomberg

The bond market is finally taking Lebanon's government at its word after top officials struggled to reassure investors panicking over the risk of debt restructuring.

State takes charge of debt-ridden Penn Hills School District's financial recovery efforts  Tribune-Review

The Pennsylvania Department of Education has placed the Penn Hills School District in financial recovery status in an attempt to get the debt-ridden, shrinking ...

Is Government Shutdown a Prelude to Debt Ceiling Debate?

The economic impact from the partial government shutdown is expected to be minimal, but the markets will take notice if the debt ceiling becomes an issue.

EXCLUSIVE: oBike Singapore's debt, in numbers  TODAYonline

SINGAPORE — oBike Asia, the bicycle-sharing firm's Singapore-registered entity, owes at least S$1.7 million to creditors and users, and in costs chalked up ...

Turkish football club shares soar on debt-restructuring deal  Financial Times

Istanbul's 'big three' borrowed too much, mirroring problems facing corporate sector.

Investors flee risky US corporate debt  Financial Times

US investors have pulled back sharply from the riskiest corners of the debt markets, putting junk bonds and loans on course for their worst month since August ...

Former Liberal minister blasts Morrison government over Pacific debt  The Sydney Morning Herald

Former Liberal minister Concetta Fierravanti-Wells has broken ranks and blasted the Morrison government for pushing small Pacific nations into debt to pay for ...