- The Latest Debt News and Information
Who wants to be crippled by student debt?  Financial Times

Quiz shows are an underrated window into history. In the 1950s, The 64,000 Question awarded successful contestants 64,000 sixpences, or £1,600 (later ...

Cityfibre secures £1.12bn debt package for full-fibre rollout  City A.M.

Fibre network provider Cityfibre has secured a £1.12bn debt package from seven major financial institutions to help fund its rollout of full-fibre broadband.

Moody's Upbeat On Experian's Growth And Debt Management Outlook  Morningstar

LONDON (Alliance News) - Moody's Investor *Service* affirmed the Baa1 credit rating and Stable outlook for consumer credit data provider Experian PLC amid ...

Before you retire, pay off that debt  CNBC

How you manage debt could have a big impact on how your retirement dreams play out. Four in 10 retirees cite "paying off debt" as a current financial priority ...

Change in student loan accounting could add £10bn to UK budget deficit  The Guardian

The government faces an extra £10bn being added to its borrowing as the result of a radical shake-up in the accounting for student loans, with experts warning ...

Canceling debt to avoid economic crisis (E1320)  RT

In this episode of the Keiser Report, Max and Stacy discuss David Graeber's thought piece about the #GiletsJaunes and how the fact that intellectuals have ...

Carlyle Nears Deal to Buy StandardAero for About $5 Billion, Including Debt  Private Equity News

Carlyle Group LP is nearing a deal to buy StandardAero Aviation Holdings Inc. for about $5 billion including debt, according to people familiar with the matter.

Martin Lewis advises the ‘best route’ to clearing debt with management tips and help  Express

IT'S TIME to stop debt threats. Far too many vulnerable people are at risk because of antiquated legislation that near forces companies to bully them.

Update on Northumberland's council-tax collection and debt write-offs  Northumberland Gazette

Northumberland County Council had the best council-tax collection rate in the North East last year, but the amount of overall debt written off rose by 14 per cent.

Crackdown on rollover doorstep loans, store card and catalogue debt in victory for The Sun  The Sun

The City watchdog has issued new rules on what doorstep loan, store card and catalogue debt firms can do.

[node:title] | [site:name]Turkish government 'pressing banks to transfer large companies' debt difficulties to their balance sheets'  bne IntelliNews

Anxiety is mounting in Turkey that the debt difficulties of large companies amid the country's economic turmoil are being transferred to the balance sheets of ...

Expert attacks Centrelink robo-debt and 'moral bankruptcy' that allows it  The Guardian

Terry Carney, former member of administrative appeals tribunal, maintains the 'extortionate' debt recovery is illegal.

"Know your bailiff rights": Martin Lewis gives tips on how to tackle debt  Bournemouth Echo

It's time to stop debt threats. Far too many vulnerable people are at risk because of antiquated legislation that near forces companies to bully…

Global Debt Hits $184 Trillion and 11.4% of it is From the US: Big Bubble?  CCN

According to the IMF, global debt has achieved $184 trillion with $86000 per person, a figure that is twice larger than the average income per-capita.

Student loan debt worth £12 billion officially written off  Mirror Online

It's official - £12 billion of student loans now count as grants and cannot be classed as debt. This is what's changing and what it means.

Civil news: tenders open for housing and debt and HPCDS  GOV.UK

Tenders open 17 December 2018 for housing and debt services and Housing Possession Court Duty Schemes and close at 9am 21 January 2019.

How Businesses Are Helping Their Employees Ditch Student Loan Debt  Forbes

There's one thing uniting many employees today: student debt. With the average graduate taking on $37,172 in student loan debt — more than some graduates ...

Private equity has created a lot of worthless, dangerous debt  Quartz

Ninety percent of the debt issued out by private equity is worse than junk. And some experts think we're in a credit bubble.

Questions over energy firms’ £58m debt to renewables obligation scheme  The Guardian

Letters: To protect customers, renewables obligations need to be managed as commercially as networks and wholesale markets, writes Stephen Littlechild.

Betsy DeVos will cancel $150 million in student debt after being sued for delays  CNN

New York (CNN) The Department of Education said Thursday that it would wipe away student debt for 15,000 borrowers, implementing an Obama-era rule that ...

Obviously, Student Loans Are Government Spending And Debt – Why Wouldn't They Be?  Continental Telegraph

The Office for National Statistics has insisted that student loans should, at least partially, be counted as government spending. Further, that the accumulation.

Investment chiefs fret over high debt and liquidity crunch  Financial Times

Investment bosses at fund managers controlling $21tn of assets warn that high levels of corporate debt and tighter liquidity pose a risk to the global economy in ...

UBS says Asia's wealthy trade less, cut debt as politics shift  Reuters

Wealthy Asian investors are trading less, worried that trade tensions are tilting the global balance of power, Martin Blessing, co-head of wealth management at ...

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, ...

Worried about holiday debt? 5 smart ways to avoid it or repay those credit cards  USA TODAY

If glitzy ads and the scent of evergreens entice you to choose debt when you mean to choose joy, your holiday may already be haunted by the Ghost of ...

A 'warning' sign for investors: NYSE margin debt is declining  Business Insider

Bank of America just highlighted declining NYSE margin debt as a warning sign for US equities.

Debt-laden firms are hit the hardest in recent stock slump, says SocGen  MarketWatch

As corporate debt concerns come to a head, investors have dumped the stocks of firms with the worst balance sheets, a trend that is likely to intensify next year.

SEBI to implement valuation norms for debt securities shortly, says ED Muralidhar Rao

There was a need to review valuation norms in order to ensure interest of incoming, outgoing and existing investor is protected.

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 ...

Why Record $1.465 Trillion Student Debt Could Test U.S. Economy  Fortune

U.S. student loan debt outstanding reached a record $1.465 trillion last month and one particular set of borrowers is having a hard time paying back their loans, ...

More than one-third of single mothers in debt as former partners fail to pay child support, research finds  The Independent

More than a third of single mothers are in debt because their former partner has failed to pay child maintenance, new research has found. A quarter of the ...

German Debt Sales Rise as Merkel Refinances ‘Bad Bank’ Fund  Bloomberg

Germany's federal government plans to increase gross borrowing by around 15 percent to 199 billion euros ($226 billion) next year to accommodate refinancing ...

Kenya’s growing debt pain to be felt from 2019  The East African

In the 2018/19 financial year, Kenya is staring at a public debt redemption bill to the tune of $4.5 billion.

Aggressive debt collectors raise risk of suicide  The Guardian

Research showing level of risk to people heavily in debt leads to calls for change to law.

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 ...

Government spent Sh147 Billion to repay public debt in the first quarter  The Standard

The Government paid Sh147 billion in public debts between July and September this year, which is double the amount paid last year.

French debt hit by Macron’s efforts to quell protests  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 ...

China & Japan lead global dumping of US sovereign debt  RT

The two biggest foreign holders of America's sovereign debt pared their holdings in October, according to the latest data released by the US Treasury ...

Steps to create a budget to help pay down debt in the new year

Whether you're trying to pay off student loans or to increase your savings, a budget is a crucial tool to manage your money. Here to help us create a budget is ...

Egypt Egypt takes on massive development — and debt  Al-Monitor

CAIRO — As Egypt accepts more and more development dollars from other countries, economists worry that its debt has reached a dangerous level.

Noble set to implement rescue debt restructuring plan  Nikkei Asian Review

SINGAPORE -- Commodities trader Noble Group is set to start implementing a long-awaited $3.5 billion debt-for-equity rescue restructuring on.

Digicel said to be edging toward debt deal  The Irish Times

Company offering to swap debt and push out repayment.

Finland to cut debt for the first time since 2008, say Sipilä and Orpo  Helsinki Times

Prime Minister Juha Sipilä (left) and Minister of Finance Petteri Orpo (right) have voiced their delight that Finland is able to cut debt this year for the first time in a ...

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 ...

KBC seeking debt repayment from Anthony McGann since 2009  The Irish Times

Roscommon farmer agreed settlement with Revenue for €429501 three years ago.

Still paying off last year’s holiday debt? How to avoid that financial trap this year  WITI FOX 6 Milwaukee

MILWAUKEE -- Are you still paying off last year's holiday debt? Fox Business Network's Susan Li tells FOX6 News how to avoid landing in a similar trap this ...

'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.

No IMF loan to Pakistan to repay Chinese debt: Congressman  Economic Times

WASHINGTON: A top US lawmaker has said that any IMF loan to cash-strapped Pakistan cannot be just a "convenient way" to repay its debt to China which has ...

Gambia names international advisers to tackle debt, ministry says  Reuters Africa

Gambia's finance ministry has appointed advisers to help put its debt on a "sustainable path", the finance ministry said on Monday.

Digicel closes in on agreement from bondholders to extend debt

Billionaire Denis O'Brien's Digicel is edging toward an accord to reschedule a share of its debt after months of negotiations, according to a person familiar with ...

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 ...

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 ...

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 ...

Crippling debt, outages and outrage  Grocott's Mail Online

Raw sewage in streets and in homes have added to residents unhappiness with Makana Municipality. File photo: Sue Maclennan. Political scientist and ...

'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.

Sooner or Later, Our Growing Debt Will Bite  Wall Street Journal

Regarding Phil Gramm and Michael Solon's “The Debt Threat to the Economy” (op-ed, Dec. 11): Rather than a return to historical interest-rate parameters as the ...

Daughter left in £35k debt after dad's death in Turkey will return to Marmaris to scatter his ashes  Chronicle Live

The debt-ridden daughter who spent three hellish months in Turkey, before narrowly avoiding detainment is already planning her trip back to Marmaris to fulfil ...

India offers Maldives $1.4bn package amid China debt worries  Nikkei Asian Review

NEW DELHI -- India will provide a $1.4 billion line of credit to the Maldives, Prime Minister Narendra Modi announced Monday at a summit meeting here.

Dollar debt sales hit 2½-year low  Financial Times

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

More Britons take on debt to pay bills  The Times

More than a quarter of Britons do not have their financial situation under control and parents are struggling to make ends meet, Europe's largest credit ...

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.

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 ...

Finland cuts debt for the first time in decade  Reuters

Finland has cancelled planned bond auctions for the remainder of the year and is on course to cut debt in 2018 for the first time in a decade, the finance ministry ...

China Confronts Its Eternal Dilemma  Bloomberg

With pressure building for major stimulus, leaders must decide whether boosting growth or controlling debt is more important.

TelOne pushes for debt takeover  The Herald

GOVERNMENT should take over TelOne's legacy debts amounting to $383 million to realise a meaningful value from the privatisation process which is ...

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 ...

Finance Ministry Clarifies Report of 'Questionable US$180K Taylor-ERA Debt'  Liberian Daily Observer

Authorities of the Ministry of Finance and Development Planning (MFDP) on Monday, December 17, 2018, refuted a story published by a local newspaper under ...

Now I'm beating my debt and gambling addiction, I can enjoy Christmas | Danny Cheetham  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.

New report illustrates how student loan debt hampers home-buying  Washington Post

Americans have amassed more than $1.5 trillion in student loan debt, according to the Federal Reserve, which has an outsize impact on potential home buyers.

Missourians should not face excessive punishment, debt when housed in county jails  Herald-Whig

A potentially landmark ruling last week by Missouri Appeals Court's Western District could end the practice of counties charging board to defendants found guilty ...

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 ...

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 ...

The average Alabamian owes more than $9,000 in credit card debt

Credit card debt in the US has increased by 33 percent over the last five years, reaching $799 billion.

Should You Get a Balance Transfer Credit Card or Debt Consolidation Loan?  U.S News & World Report Money

Balance transfer credit cards can help you pay off your balances interest-free, but debt consolidation loans may have longer repayment periods.

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.

Ophir Energy Increases Debt Facility After South East Asia Asset Buys  Morningstar

LONDON (Alliance News) - Oil & gas firm Ophir Energy PLC said Wednesday it has increased and extended its debt facility after the acquisition of assets in ...

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 ...

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 ...

New Mexico debt to filmmakers inches toward $250M, could nearly triple in 4 years  KVIA El Paso

Officials say New Mexico's debt to the film industry could hit $250 million by summer and reach $700 million in four years.

3M: Should Investors Worry About Rising Debt Levels?  Seeking Alpha

3M plans to continue borrowing over the next several years, a pattern we have seen become prominent over the past five years. Based on projected EBITDA ...

Operational creditors should get voting rights proportionate to their debt under IBC, says SC  Business Today

Operational creditors of bankrupt firms have often landed a raw deal under the two-year-old Insolvency and Bankruptcy Code.

State faces long crawl out of wealth extremes, crushing debt  CTPost

This is the final article in an occasional series exploring wealth and income inequality in Connecticut and its impact on a state struggling to cope with massive ...

Assam govt approves debt relief for farmers  India Today

In a move that could play havoc with the state's budget, the Assam government has decided to waive off 25 per cent of loan of farmers up to Rs 25000 under the ...

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.

CANADA FX DEBT-C$ lags G10 peers as Poloz weighs pace of rate hikes  Reuters

year yield hits a nearly one-year low at 2.021 percent TORONTO, Dec 18 (Reuters) - The Canadian dollar steadied against its U.S. counterpart on Tuesday, ...

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.

Connecticut faces long crawl out of wealth extremes, crushing debt  The CT Mirror

Whether it involves the investments in education and social programs that liberals favor, or the austerity and tax cuts espoused by conservatives, there's general ...

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.

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.

Why getting out of debt can save your marriage

We vote no on the idea of money as the root of all evil. But it does turn out to cause quite a bit of trouble in relationships — and when it does you can likely point ...

‘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.

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 ...

Gary Cohn: U.S. economy is "really strong" but "we've got a huge debt problem"  CBS News

This week marks one year since the passage of the Tax Cuts & Jobs Act, which reduced the corporate and individual tax rate.

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 ...

'Downward spiral' of unemployment blamed for Weston debt 'crisis point'  Weston Mercury

Twice as many people living in Weston are in debt compared with the UK average, a new report reveals.

U.S. Student Loan Debt Has Doubled Since The Recession  Bloomberg

The amount of U.S. student loan debt has more than doubled since the recession to a record $1.47 trillion (Source: Bloomberg)

Tips From The Pros: Uncommon Ways Millennials Can Reduce Their Debt and Invest In 2019  Forbes

2018 was an undeniable year for millennial interest in finance, financial planning, saving and budgeting. With so many looking for ways to save, budget and plan ...

Rs 3 lakh crore debt poses challenge for agri loan waiver  Economic Times

Jaipur: Now that the dust has settled, the newly-formed Rajasthan government which, according to its chief minister is reeling under a debt of Rs 3 lakh crore, ...

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 ...