- The Latest Debt News and Information
One in 10 Brits will never clear their debts as borrowing hits record levels  Business MattersBusiness Matters

With household debt in UK 'worse than at any other time on record' a study into scale of debt and whether they consider it manageable.

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

Amid rising fears that the South African economy is stuck with low growth, major financial institutions along with the South African National Treasury have cut ...

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 ...

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 ...

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 ...

No IMF money to Pakistan to repay Chinese debt: US  Economic Times

WASHINGTON: The Trump administration is making all efforts to ensure that any IMF loan to Pakistan is not used to repay its Chinese debt, a US official told ...

12 tips to stay out of debt this Christmas  Stray FM

Citizens Advice in Craven and Harrogate Districts has released a Christmas list of 12 tips to help people avoid pressure on their household budgets.

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 ...

'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.

What Is Debt to Equity Ratio and How Do You Calculate It?  G2 Crowd

The debt to equity ratio is how much debt a company has relative to shareholder equity. It is a valuable financial leverage formula and is used to build an ...

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 ...

Danes in debt to the state to the tune of 116.1 billion kroner  The Copenhagen Post - Danish news in english

More and more people are having trouble making ends meet when it comes to paying their bills, and some seem to be defaulting on purpose. Danes in debt to ...

Debt-ridden care home operator Four Seasons set to be sold  Belfast Telegraph

The sale of Four Seasons, the UK's biggest care home operator, is to get under way early next year as the crisis-hit company struggles with £525m debt.

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.

4 ways to stay out of debt this festive season to avoid the money blues  Fin24

Although there is usually a spike in debt assistance enquiries after the festive season, that spike has come earlier this year, according to Ian Wason, CEO of the ...

Stakeholders Unveil Strategies To Deepen Nigeria’s Debt Market | Global Banking & Finance Review  Global Banking And Finance Review

Critical steps required to deepen Nigeria's debt market was the focus of discourse in Lagos as the Annual Bonds, Loans and Sukuk Nigeria Conference was hel.

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.

Macron's concessions add fuel to Italy's debt fire | TheHill  The Hill

Recent French political developments heighten the chances that such an Italian debt crisis might occur sooner rather than later.

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.

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.

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 ...

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 ...

Ethical smartphone company Fairphone raises €20 million in debt, crowdfunding, and VC financing

Dutch ethical smartphone manufacturer Fairphone has raised a total of €20 million in funding and debt over the past few months. Back in August, the company ...

Energy supplier debt crisis creating “house of cards”  The Energyst

Energy suppliers have liabilities of hundreds of millions of pounds and more are likely to go bust. Those left standing will have to pick up the tab and pass it on to ...

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.

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.

How our finances changed thanks to The Debt Panel  The National

Four readers reveal how writing to The National's advice team altered their lives.

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.

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.

National Debt Under Trump Is Surging at Its Fastest Pace Since 2012  Bloomberg

U.S. government debt is on track this year to rise at the fastest pace since 2012, as a stronger economy fails to keep pace with the wave of red ink that's rising ...

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 ...

Dwight Yorke avoids bankruptcy after paying £1.5m tax debt in full  Mirror Online

Former Manchester United and Aston Villa striker Yorke, 47, did not attend the hearing in London.

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 ...

'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.

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 ...

ECB to keep buying debt well into future  FRANCE 24

Frankfurt am Main (AFP). The European Central Bank is widely expected to end Thursday the "quantitative easing" (QE) programme that has seen it pump 2.6 ...

Markets Conclude the U.S. Is Riskier Than China  Bloomberg

Now the Treasury has to pay a premium over Chinese bonds to attract investors. They see four major red flags in U.S. debt.

Trump Ignores Rising Debt | Cato @ Liberty  Cato Institute

On the campaign trail in 2016, Donald Trump railed against the federal government's almost $20 trillion of debt, and he boldly promised to eliminate it “over a ...

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 ...

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 ...

Dollar debt sales hit 2½-year low  Financial Times

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

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 ...

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

Investors reject buyback offer as new president works to scrap $13bn building project.

Corporate debt is threatening to take down this bull market: CFRA Research  CNBC

Corporate debt is spiking and CFRA Research's Lindsey Bell says this could be the biggest risk to this bull market.

MTA expected to be $1B in debt by 2022, board warns  New York Post

The MTA board on Wednesday passed a $17 billion budget for next year — as members warned that a major agency crisis is brewing. Many board members ...

Coal boost to Qld coffers won't dent debt

Queensland will post operating surpluses in the next few years off the back of increased coal royalties, but the black gold won't be used to pay down the state's ...

Will Trump Survive Debt “Super-Cycle”? - Daily Reckoning  Daily Reckoning

Trump is no Truman... The debt “super-cycle,” and why it may come to haunt Trump... "The buck stops here," said Truman.

Cut in debt boosts Scottish Investment Trust performance  FT Adviser

A decision to eliminate debt boosted the performance of the 1 4bn Scottish Investment Trust in the year to October 31.

Is corporate debt a major risk to the economy?  CNBC

First Trust Advisors' Brian Wesbury and Bruderman Brothers' Oliver Pursche discuss whether there is a corporate debt problem and how it could affect the U.S. ...

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.

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.

Federal debt surges at fastest pace since 2012  Bond Buyer

U.S. government debt is on track this year to rise at the fastest pace since 2012.

Kuwait's Equate amends terms of $2.9 billion in bank debt  Reuters

Kuwait's Equate Group said on Thursday it had amended and extended $2.9 billion in bank debt split between a $1.9 billion term loan and a $1 billion revolving ...

Donaco to conduct 'strategic review' of debt, cash flow

Australia-listed Donaco International Limited announced that it was planning a “strategic review” of its debt and cash flow situation.

Macy's, Inc. Announces Pricing of Debt Tender Offer  Business Wire

Macy's, Inc. (NYSE: M) today announced the pricing terms of the previously announced tender offer (the “Tender Offer”) of its wholly owned subsidiary,

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, ...

‘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 ...

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 ...

SigmaRoc Buys Concrete Firm CCP, Adjusts Debt Amid Strong Results  Morningstar

LONDON (Alliance News) - Construction materials firm SigmaRoc PLC said Monday it has acquired a concrete firm for GBP15 million amid "strong" results for ...

Paul Ryan’s failure to address the debt will mostly become apparent once he’s gone  The Washington Post

Relative to other recent speakers, the shift in the federal debt under Ryan has been modest.

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.

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, ...

ONLY ON 7: Ameritech Financial employee says embroiled student loan debt relief company was helping people  KGO-TV

For the first time, we are hearing from a current employee of a Sonoma County student loan debt relief company whose CEO is in hot water with the Federal ...

Rising rates, high debt could lead to financial crisis in Canada, report warns  The Globe and Mail

Canada risks a financial crisis within three years as rising interest rates collide with already lofty levels of indebtedness, a Citigroup report warns. Several other ...

Between the Notes: Let the RSO's Messiah concert distract you from debt  Sault Star

Debtors' prison was a reality in 18th century England. Once in, it was a challenge to get out — unless you crossed paths with George Handel.

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.

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 ...

Paying Technical Debt at Scale - Migrations @Stripe

I am Will Larson. Thank you for the introduction. And I'm here to talk a little bit about technical debt and how to actually to deal with technical debt at scale.

Did On the Beach Group plc (LON:OTB) Use Debt To Deliver Its ROE Of 18%?  Simply Wall St

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why ...

Debt, relationship breakup and bullying top mental health concerns  The HR Director Magazine

Many mental health issues have a dynamic nature; every employee has different levels of mental health at any given time.

‘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.

Thomas Cook shares climb despite market debt worries  Financial Times

Holiday group Thomas Cook appeared on track for its first day of gains in over a week on Wednesday, despite disagreement over the extent of the tour ...

EDITORIAL: How the Liberals buried us in debt  Toronto Sun

To understand how deeply Ontario's now-defeated tax-and-spend Liberal government buried us in debt, we have to look back over their 15 years in power.

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 ...

Sandiaga Explains Strategy to Settle SOE Debts of Rp5,000tn  En

Sandiaga Uno is currently mapping out strategies to settle debts of state-owned enterprises (SOE) which he deems quite alarming.

RIP MEDICAL DEBT: Another Channel 9 viewer's medical debt wiped away | WSOC-TV  WSOC Charlotte

She's dedicated to serving others, teaching and feeding youth, but she never expected someone to give back to her.

Should Schools Turn Students’ Lunch Debt Over to Collection Agencies?  Countable

by Countable | Updated on 12.12.18. What's the story? A Rhode Island school district has hired a collection agency to recover unpaid student lunch balances.

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.

Washington’s Short-Term Thinking Won’t Head Off the Coming Debt Crisis  National Review

Lawmakers and President Trump must look beyond their own immediate political prospects to imagine the country they'll leave behind if they hope to head off ...

Parker Drilling looks to slash debt in bankruptcy reorganization  Reuters

Parker Drilling Co filed for Chapter 11 bankruptcy protection on Wednesday, citing slumping commodity prices in recent years affecting the prices it charges for ...

'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.

Kier launches £264m rights issue to cut debt  Inside Housing

Social housing contractor Kier has launched a £264m rights issue in a bid to raise cash to pay off the company's growing debt pile. Linked In Twitter Facebook ...

How to avoid running up a debt this Christmas  Falmouth Packet

Citizens Advice Cornwall has released a Christmas list of 12 tips to help people avoid pressure on their household budgets.

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 ...

The Debt Panel: 'I fled the UAE in 2010 without clearing my credit card. How do I return?'  The National

The former sales executive now wants to pay off his debt and take up a new job in the Emirates.

Credit Card Advice - 5 Tips to Avoid Credit Card Debt During Holidays  Men's Health

Want to avoid credit card debt this holiday season? Here are 5 reminders on how to spend responsibly this holiday season. 

Balfour Beatty pays off £250m debt | News  Construction News

Balfour Beatty has paid off a £253m convertible bond in a move that sees its debts reduce by almost half (45 per cent) for the last 12 months.

Urban Institute Maps US Car Loan Debt and Delinquency  CityLab

There's a reason cars can symbolize the American dream. In most places in the U.S., a vehicle doesn't just open up access to new destinations, but to better ...

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 ...

Pupils from Maranatha Christian School pack Christmas hampers for families in debt  Swindon Advertiser

PUPILS helped to pack emergency hampers yesterday for families struggling with debt over Christmas.

Debt isn't a dirty word, and it's time to stop treating it like one  Daily Hive

The word 'debt' has long held negative connotations because it's something that can be abused or ill-managed. Here's why it can be a good thing.

In face of $2.5 million debt, Soap Factory's Minneapolis home to be sold in sheriff's sale  Minneapolis Star Tribune

The Soap Factory, an alternative arts space in Minneapolis, will see its 130-year-old building go up for auction in a sheriff's sale next Tuesday in an attempt to ...

How I Ditched Debt: Thrifty Living and Side Gigs  NerdWallet

Tanya Nwamkpa paid off $57000 in debt in five years by living frugally and supplementing her income with side hustles. Read her story for tips on paying off ...

Be afraid — there’s serious debt piling up around the globe again  Evening Standard

If you thought the 2008 global financial crisis was a story about excessive debt, today you might be feeling a little nervous. There's even more debt sloshing ...

'Debt clock' ticks towards midnight for Canadian economy  The Globe and Mail

A roundup of what The Globe and Mail's market strategist Scott Barlow is reading today on the Web. Citi economist Dana Peterson detailed the shocking rise of ...

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 ...

Catholic University SRC account frozen by court order over GH¢140k debt  GhanaWeb

The failure of the Students Representative Council of the Catholic University College at Fiapre in the Brong Ahafo Region to settle its indebtedness to Rashkon ...

Debt worries force tough choices - Your Money  Your Money

Many households are so weighed down with debt, they don't believe they will ever pay it off.