- The Latest Debt News and Information

The warm fuzzy feeling of Goldman debt  Financial Times

Some people want high returns from their investments. Others simply want to improve the state of the world. But what if just one of these is not enough. What if ...

This Ohio town wants to help you pay off your student debt  CNBC

Newburgh Heights, Ohio, has an offer for college graduates with student debt: Buy a house there and they'll pay off half of your loans.

Martin Lewis of MoneySavingExpert: It's time to stop the debt threats  Eastern Daily Press

Laws around debt are out of date and in need of modernisation, argues Martin Lewis of

Revealed: How two businessmen left a trail of insolvency and debt in the apprenticeship market  FE Week

A month-long FE Week investigation has uncovered a trail of insolvency and debt left by two businessmen, David Harper and Mark Hargreaves, who've created ...

Danny Dyer left 'almost in debt' after wife blew £125,000 magazine deal  Liverpool Echo

He also revealed the important piece of advice he gave his daughter before her Love Island appearance.

Wiping the slate clean: is it time to reconsider debt forgiveness?  Financial Times

'Debt is still sometimes wiped out in our modern world – through bankruptcies, defaults or sovereign debt restructuring plans – but these events are aberrations, ...

Eskom’s debt is draining South African growth  Financial Times

Faced with tough choices, the government will kick the problem further down the road.

Noble plans to push ahead with debt deal  Financial Times

Commodity trader Noble Group plans to push ahead with emergency $3.5bn debt restructuring by keeping the company private, in a blow to investors who could ...

French debt faces sell-off, widening yield gap with Germany  Financial Times

French president Emmanuel Macron's move to quell anti-government protests with tax breaks and extra money for those on the minimum wage rattled bond ...

I got into £25,000 of debt – this is how I’m nearly out of it after three years  iNews

At this time of year, the expectation to splurge on presents and activities with loved ones is at its peak. With the pressure to spend, people can find themselves ...

Around 15,000 former students will have their loans canceled  CNBC

The Trump administration has announced it will cancel $150 million in debt for certain students. Some 15,000 former students whose schools closed while they ...

Debt Worldwide Hits Record $184 Trillion, or $86,000 Per Person  Bloomberg

Global debt hit a record $184 trillion last year, equivalent to more than $86000 per person -- more than double the average per-capita income.

IMF to check Pakistan's debt sustainability before loan: Official  Economic Times

The IMF will conduct a proper debt sustainability analysis of Pakistan before granting it any loan, a senior official has said, amid concerns that Islamabad is ...

Debt to income ratio inches up to almost 178% in third quarter

The amount Canadians owe relative to their income ticked higher in third quarter.

Martin: '100,000 attempt debt suicide each year – stop the debt threats'  MoneySavingExpert

A new report by the Money and Mental Health Policy Institute calls on the government to change out-of-date legislation which is contributing to people in ...

Cabinet to consider plan to tackle municipal debt to Eskom  Business Day

Cabinet will consider a detailed implementation plan in February to reduce the large amount of money municipalities owe Eskom, and increase the power ...

Interserve confirms debt-for-equity talks | News  Construction News

Interserve has confirmed it is in talks with its lenders regarding a debt-for-equity swap.

Nepal: first came the earthquake, then came the debt  The Guardian

Ratna Awale counts herself lucky. She and her husband, Prem, and their two sons survived the devastating 7.8-magnitude earthquake in Nepal on 25 April 2015 ...

'I got into alcohol addiction and debt, but with help I turned things around’  The Guardian

Barry Deacon, 39, on how faith changed his life – and how he came to meet David Hasselhoff.

2 Sisters food group halts decline and cuts debt by £150 million

The parent of 2 Sisters Food Group has cut debt by £150 million as it continues its efforts to turnaround the business.

Matthew Dean resigns as council leader amid claims of legal action over £25k debt  Salisbury Journal

THE leader of Salisbury City Council has resigned, saying his role has had too much of an impact on his private life.

Yellen and the Fed are afraid of a corporate debt bubble, but investors still aren't  CNBC

The corporate debt scaring policy experts like former Fed Chair Janet Yellen isn't throwing too much of a fright into market participants. In fact, some of them are ...

Thomas Cook shares plunge amid fears over £389m debt mountain  The Guardian

Thomas Cook shares tumbled further on Tuesday and the cost of insuring debt issued by the travel firm against default hit a record high, despite its efforts to ...

Jerry Brown Leaves California With $100B Train Debt, As Texas Pursues Its Own Rail Boondoggle  Forbes

California Governor-elect Gavin Newsom will have to figure out what to do with the Jerry Brown's high-speed rail project, which is now projected to cost $100 ...

Court freezes account of Catholic University SRC over GHC 140K debt  GhanaWeb

A Sunyani-based Commercial Court, presided over by Justice Ananda J. Aikins, has ordered the freezing of a account at the GCB Bank Sunyani Main Branch ...

Beijing’s Answer to Property Sector’s Debt: Keep On Borrowing  Wall Street Journal

Chinese policy makers are hoping they can help companies refinance their debts coming due without pumping up property prices.

Fears for Pizza Express as Moody’s downgrades debt

Pizza Express is under mounting pressure from debts, rising costs and fierce competition, credit ratings agency Moody's warned as it downgraded the restaurant ...

How Much Damage Is Debt Doing To America's Value?  Benzinga

Yet another $840-billion U.S. federal deficit in 2018 has pushed the national debt to $21.8 trillion as the year draws to a close. While most Americans are ...

Debt Bombs Ticking Across The Globe  Seeking Alpha

There are times when writing from the macro perspective can be challenging, particularly when macro takes a backseat as it is prone to do during parts of the bu.

Hedge funds call in top lawyer to restructure Sudanese debt  Financial Times

A group of hedge funds has hired one of the world's most prominent sovereign debt lawyers in the hope of restructuring up to $8bn in Sudanese debt if the ...

Europe's tech startups suffer from 'diversity debt', survey finds  The Guardian

Europe's startup sector has a “shocking” lack of diversity, with 93% of all funds raised in 2018 going to all-male founding teams, according to a report by the ...

LANE: Hydro debt mess complicated  Winnipeg Sun

With all due respect to Sun columnist Tom Brodbeck, I disagree with the thrust of his Dec. 5 opinion piece “Hydro rates shock scare turned out to be bogus.

Trump says he doesn't care about predicted US national debt explosion because ‘I won't be here’  The Independent

Donald Trump is reportedly refusing to tackle the US's spiralling national debt because he will not be in office by the time the situation is expected to reach a ...

Moody’s criticises Eskom’s request to transfer its debt to the state  EWN

Eskom has requested that government's guaranteed debt of R100 billion be transferred to the state.

Dollar debt sales hit 2½-year low  Financial Times

Global reserve currency's appreciation erodes its attractiveness for bond issuers.

Now I’m beating my debt and gambling addiction, I can enjoy Christmas  The Guardian

My extravagant present-buying was just a lie. Now I'm being honest with my family – and the payday lenders, says gambling campaigner Danny Cheetham.

Bondholders oppose Mexico airport debt restructuring  Financial Times

Holders of more than $1bn of the bonds issued to finance a new Mexico City airport that President Andrés Manuel López Obrador wants to scrap have rejected ...

China demands developed countries 'pay their debts' on climate change  The Guardian

Key sticking point at UN negotiations is how countries should account for their greenhouse gas emissions.

Low margins and high debts are a lethal mix  Investors Chronicle

Low profit margins are a classic sign of weakness. Combining them with lots of debt is often a recipe for trouble.

Government's biggest contractors struggle under the weight of a £3bn debt pile  This is Money

First Carillion, now Interserve. This year has been book-ended by the implosion of two leading government contractors with the fear of more trouble to come.

PIA debt crosses Rs247b  The Express Tribune

Aviation Division briefs NA on airline's fiscal health.

Tesla Prepares $837 Million Sale of Car-Lease Debt  Wall Street Journal

A sale of car-lease debt from Tesla expected as soon as Friday will be the latest test for the electric car-maker after surviving high-profile missteps this year to ...

Manage holiday shopping to reduce debt hangover in the new year  Times Colonist

Tips from the Credit Counselling Society of B.C. on how to manage holiday shopping: • Use cash as much as possible and try to avoid credit cards. • If using a ...

Canadians expected to pack on more debt, but manage it, in 2019: report  CityNews Vancouver

Two new debt reports reveal Canadians are deep in the red, and rising interest rates as well as a slowing economy could make you vulnerable.

In debt we trust: the rise of art-secured lending  Art Newspaper

The rapid growth in the number of loan providers, from private banks to specialist lenders, could transform the art market's relationship with the financial markets.

Auto debt in America — mapped  CNBC

A new map by the Urban Institute traces auto delinquency rates in counties across the U.S. How people fare with their auto loans varies dramatically from one ...

Paul Ryan Leaves Behind Big Budget Deficits and Ballooning Debt  Bloomberg

Beyond failing in his goal to shrink the federal deficit, the House speaker is leaving the budget in a precarious state.

Italy buys back €3.2bn of short-dated debt  Financial Times

Italy has bought back €3.2bn of its short-dated debt in a move that was financed by tapping an existing three-year bond. The Italian Treasury said in a statement ...

‘This debt must be settled’: IAAF extends Russia’s doping ban  The Guardian

The IAAF has extended its ban on Russia, with no clarity on whether it may be lifted before next year's athletics world championships in Qatar.

Milo Yiannopoulos 'more than $2m in debt', Australian promoters claim  The Independent

Far-right activist Milo Yiannopoulos had debts totalling more than $2m (£1.6m) during 2018, according to documents put together by his former Australian tour ...

Tina Cantello: Man found guilty of debt collector murder  BBC News

Geoffrey Hutton stabbed Tina Cantello 30 times after she called to collect his loan repayment.

We need debt bonfire, says analyst | Business  The Times

Only a globally co-ordinated debt “bonfire” can save the world's leading economies from depression now that monetary and fiscal armouries are exhausted, ...

Govt addressing SOE debt but financial burden significant, says Ramaphosa  EWN

President Cyril Ramaphosa says the ratings agencies need to be taken seriously and tough choices lie ahead if the country is going to emerge from ...

Former Manchester United star Dwight Yorke, 47, avoids bankruptcy after paying debt  Daily Mail

Yorke, 47, was the subject of a bankruptcy petition from HM Revenue & Customs (HMRC) and a court hearing in October heard the former Manchester United ...

Interserve shares fall as growing debt sparks fears over its finances  The Guardian

Shares in Interserve fell 7% on Friday morning after the government contractor said debts this year would be higher than previously expected, reigniting investor ...

The Student Debt Crisis, and the FIRE Movement Daily

Youngme, Felix, and Mihir discuss staggering student debt levels, the FIRE (Financial Independence, Retire Early) Movement, and share their After Hours picks ...

Wayne Pivac: Scarlets hoping to 'repay the debt' against Ulster  BBC Sport

Scarlets head coach Wayne Pivac says he hopes to get revenge over Ulster when the sides meet again the next week.

'Chicken king' supplier Boparan in £250 million debt row  Evening Standard

Chicken supplier 2Sisters is facing renewed City pressure over plans to exclude a group of lenders from a £250 million debt repayment. The row is the latest ...

'He owed money for a debt...' - Here's why this thief went shoplifting in Tesco  Stoke-on-Trent Live

Defendant walked out without paying for electronic shavers and aftershave.

Former Fed Chair Yellen says excessive corporate debt could prolong a downturn  CNBC

Former Federal Reserve Chair Janet Yellen is worried about excessive leveraged lending and the high level of corporate debt across Wall Street.

DeVos to cancel student debt after being sued  East Oregonian

The Department of Education said that it would wipe away student debt for 15000 borrowers, implementing an Obama-era rule that Secretary Betsy DeVos has ...

'My husband ran up a £58,000 debt in my name'  BBC News

When she had her first baby, just before she turned 29, Annie had been married for eight years, managed 19 staff, and earned more than her husband.

No IMF money to Pakistan to repay Chinese debt: US  Times of India

International Business News: Pakistan is seeking $8 billion from the International Monetary Fund (IMF) to bail itself out from a severe balance-of-payments crisis ...

House rich and money poor: Deal with your debt, you've been warned  Yahoo Sports

House rich and money poor Canadians are once again being urged to rein in their debt. The latest warning comes from Canada Mortgage and Housing ...

Martin Lewis: Trapped by debt? Money Saving Expert reveals top tip to solve debt problems  Express

MARTIN LEWIS, Money Saving Expert, is advising people swamped with debt how to manage their financial issues, including how to deal with debt collectors, ...

Mum-of-three trapped by £8,355 high cost credit debt and poverty premium  The Sun

Lis Vernalls, 43, says she's unable to get out of debt due to the 'poverty premium', which sees the lowest paid having to stump up more for bills, credit and other ...

As US debt spirals to $22 trillion, former Fed chair Janet Yellen is suddenly concerned  RT

Latest data from the US Treasury Department shows that the federal government is sitting on $21.85 trillion of debt. At current pace it is likely to hit the $22 trillion ...

S&P, Fitch downgrade Sri Lanka’s debt rating amid political crisis  Financial Times

Sri Lanka was downgraded by two major rating agencies on Tuesday, in the latest blow to the cash-strapped country as it grapples with ongoing political turmoil.

UW-Green Bay student pays off student debt before graduation  WSAW

Thanks to determination and hard work, a UW-Green Bay student is graduating college Saturday without a penny to pay.

Chinese loans leave Sri Lanka with crippling debt burden  Channel 4 News

In the latest of our reports from Sri Lanka, where a constitutional crisis has pitted two rival politicians in a battle to be PM, one contender leans towards India, the ...

NT drowning in debt  PerthNow

THE state of the Northern Territory's finances are so dire the government is borrowing money to pay interest on its debt and it must urgently cut expenditure ...

Debt Maturities And Contract Re-Pricing Risk At MEP JV Put Pressure On Kinder Morgan And Energy Transfer  Seeking Alpha

Why Midcontinent Express Pipeline LLC matters to both Kinder Morgan, Inc. and Energy Transfer LP. MEP is a 50/50 JV between these midstream giants.

Political tensions spill over into global debt markets  Financial Times

Rising geopolitical tensions are increasingly playing out in the global debt markets. Russia's launch this week of the sale of a euro-denominated bond is just the ...

Govt debt to be elevated at 51.4% of GDP next year, says RAM - Business News  The Star Online

KUALA LUMPUR: RAM Rating projects the Malaysian Government debt to remain elevated at 51.4% of GDP in 2019 versus the estimated 51.6% in 2018.

UK student debt sales make little economic sense  Financial Times

A UK parliament committee's report on the privatisation of student debt last week attacked the government's “ short-sighted approach”. This may be an ...

Will paying off debt hurt my credit score?  MarketWatch

Paying off non-credit card debt early may actually make you less creditworthy, according to scoring models.

Evergrande: China’s biggest property developer faces debt crunch  Financial Times

A “frigid winter” is coming to China's property market, and investors are wondering if the country's largest developer will be caught out in the cold.

AB InBev Cut by Moody's Amid Struggles to Trim Massive Debt Pile  Bloomberg

Anheuser-Busch InBev NV's credit rating was cut to the lowest tier of investment-grade by Moody's Investors *Service*, which warned that the brewer is struggling ...

Thousands in layaway debt cleared at Forsyth County Walmart stores  Forsyth County News Online

In a spree of charitable holiday giving, local Forsyth County residents raised nearly $35000 to clear the layaway debts from three Forsyth County Walmart Stores.

Wisconsin has one of the lowest credit card debt burdens in the country, study finds  Milwaukee Journal Sentinel

In Wisconsin, calculated an average credit card balance of $6737 that would take 10 months to pay off.

The U.S. debt is a big problem and these Mesa college students want a fix  AZCentral

Students at Mesa Community College and elsewhere are trying to tackle one of the nation's thorniest problems, the national debt.

Credit boom: Private equity bounces back on cheap debt bubble  Financial Times

Private equity dealmakers are riding high on a wave of cheap debt, pushing buyout values to levels not seen since the financial crisis. The deals may not yet be ...

Investors pull $6bn from corporate debt funds  Financial Times

Investors pulled almost $6bn out of corporate bond funds in the past week, in the latest sign of nervousness about companies' global debt pile in an environment ...

Insolvency Service grants 250000 Debt Relief Order  GOV.UK

November 2018 saw the Insolvency *Service* grant its 250000 Debt Relief Order, providing a low cost debt relief solution to a quarter of a million people.

Amy Lowell: Ted Hughes and DH Lawrence 'owe unacknowledged debt' to 'uncelebrated' poet  The Guardian

Paper claims Lowell's earlier writings can be seen in Hughes's poem Pike and Lawrence's The Rainbow, but her gender and sexuality made her unpopular.

Fed flags hard Brexit and Italian debt as near-term risks to US  Financial Times

The Federal Reserve has flagged a hard Brexit and Italian sovereign debt sell-off as near-term risks to the US financial system, in a broad-ranging assessment of ...

Urban Institute Maps US Car Loan Debt and Delinquency  CityLab

A new tool by the Urban Institute maps the geography of car loan debt and delinquency.

How AltaGas hopes to win back investors: Less debt and a lower dividend  The Globe and Mail

With its share price in free fall, AltaGas Ltd. is embarking on a turnaround plan that emphasizes financial stability – and starts with slashing the dividend.

IMF faces China debt dilemma as low income nations seek help  Financial Times

The IMF has warned for more than a year of rising debt levels in low income countries. Now, bailout talks with Pakistan and requests for help from Angola, ...

AT&T: Examining The Mountain Of Debt  Seeking Alpha

I examine the mountain of debt that AT&T has. The data shows AT&T has a large amount of debt due in the next 8 years. Even with the large amount of debt, ...

How Turkey Created a Debt Crisis  Bloomberg

Erdogan's growth model was fueled above all by cheap money. In 2018, it finally ran out of road.

Aberdeen addict with drug debt fell victim to cuckooing  Aberdeen Evening Express

David Bruce was arrested after police found a quantity of heroin at his flat on March 2 this year. The 43-year-old has appeared at Aberdeen Sheriff Court and ...

UK bed seller turns to Sweden for risky debt deal  Financial Times

With sterling debt investors shaken by the growing strain on the UK high street, British bed seller Dreams is turning to an unusual source of funding: Sweden.

The winners and (mostly) losers in emerging market debt  Financial Times

US rate rises have caused pain but there are wild disparities in countries' fortunes.

Oil-hungry western companies are contributing to huge debt problems in Africa – G20 leaders need to fix this  The Independent

This time last year the future of a desperately poor, landlocked central African country lay in the hands of a few suited men huddled around a table in the sleepy ...

At Silver Lake College, work is on the curriculum. Can 'work college' reduce student debt?  Herald Times Reporter

Manitowoc's Silver Lake College is Wisconsin's only 'work college.' Students are assigned jobs as part of the curriculum, and get career counseling.

Bank pays off single mom's student loan debt, totaling $150K  WKRC TV Cincinnati

A bank decided to give a single mom the ultimate Christmas gift by paying off her student loans. Jasmine Ford was the first in her family to go to college.

Debt bankers top of the list for Brexit moves from London  Financial News

BNP Paribas, Credit Agricole, Credit Suisse, Standard Chartered, MUFG and Mizuho are among the institutions telling bonds bankers to up sticks.

Speaker Paul Ryan retires: his legacy is debt and disappointment

That's the increase between the deficit for fiscal year 2015 and fiscal year 2018 — that is, the difference between the fiscal year before Ryan became speaker of ...