updated Wed. October 11, 2023
-
Sun Sentinel
April 26, 2018
This Florida trend of diminishing debt pushes against the national trend of growing college loan balances. Experian, an information services company, found that 13 percent of U.S. consumers have at least one college loan, with the average balance about $34,000, up 62 percent over the last 10 years.
ActionNewsJax.com
April 26, 2018
The New York-based charity buys up portfolios of medical debt and forgives it. The group helped Action News Jax pay off $1 million in medical debt for local veterans as part of its campaign to forgive $50 million in veterans' debt. We want to be clear: Action News Jax doesn't know the names of those whoÃâà...
The Fiscal Times
April 26, 2018
The U.S national debt has surpassed $21 trillion, up 2.8 percent since the start of the year, but two of the leading credit agencies aren't worried about the country's ability to keep up with its obligations. On Wednesday, Moody's affirmed its Aaa credit rating for the U.S., and said that the outlook remains stable.
CNBC
April 26, 2018
The $21 trillion debt the U.S. has amassed on its balance sheet isn't weighing on the minds of credit rating agencies. Moody's and Fitch in recent days have reaffirmed the nation's top-notch credit standing, reasoning that even with the massive pile of IOUs, the nation has sufficient resources to keep itsÃâà...
CNNMoney
April 25, 2018
About one in ten also said their debt level tops $100,000. Related: Should I take out a loan to pay my debts? Abrams, a member of the Georgia House of Representatives since 2006, is the Democratic frontrunner in the state's governor race. The primary is set for May 22. Her Fortune commentary argues herÃâà...
WorkBoat
April 24, 2018
Moody's Investors Service downgraded the ratings today of American Commercial Barge Line Co. including the senior secured to Caa2 from Caa1, the corporate family rating (CFR) to Caa1 from B3, and probability of default rating to Caa1-PD from B3-PD. The ratings outlook is negative. About $1.15 millionÃâà...
Deadline
April 24, 2018
In filings with the SEC this morning, Netflix disclosed compensation for its top exec team and said it plans to raise $1.5 billion in debt to fund its operations. Related Ãâ÷ Consumer Advocates Say AT&T's Planned 'Skinny Bundle' Falls Short Of Addressing Concerns. Ted Sarandos, chief content officer andÃâà...
Motley Fool
April 24, 2018
The driving force behind this large debt load has not been the expansion of opulent storefronts, however. It's primarily been the result of major stock repurchases by the company. In 2017, RH repurchased slightly more than $1 billion of its own common stock. The company's cash on the balance sheetÃâà...
Bankrate.com
April 24, 2018
From mortgages to car loans to unpaid credit card balances, the typical U.S. consumer most likely owes some amount of money. Debt is normal, but what if your debt gets large enough to become out of the ordinary? Step one: Know your options. Consumers looking to get a handle on their debts have manyÃâà...
Barron's
April 18, 2018
Proving that debt vehicles can deliver market returns as well as solutions to social and environmental problems, the Global Impact Investing Network announced financial performance benchmarks for impact investors in private fixed income funds on Tuesday. The benchmarks are the third category ofÃâà...
KMSP-TV
April 18, 2018
(KMSP) - A family in Washington says they were inspired by Philando Castile to pay off the lunch debt of more than 200 students in their school district. ... campaign started in September, Philando Feeds the Children has raised over $100,000 – more than enough money to cover the lunch debts at J.J. Hill.
MarketWatch
April 18, 2018
U.S. commercial real-estate owners are raking in debt capital from South Korean investors hunting for higher returns and better asset diversification. In New York City, KTB Asset Management recently agreed to provide a five-year, fixed-rate loan to RFR Holdings for the refinancing of 285 Madison Ave.,Ãâà...
CNBC
April 18, 2018
It may be getting easier for some disabled veterans to erase their student loan debt. The Department of Education announced Monday that it will partner with the Department of Veteran Affairs to identify disabled student loan borrowers who are eligible for debt forgiveness. Such borrowers will be notified ofÃâà...
Orlando Sentinel
March 30, 2018
Q: My wife and I want to buy an RV and trailer. Should we pay cash or take out a loan? We don't like debt and have the money to pay cash. — C.A., St. Cloud. A: If the interest rate on the loan is higher than your risk-free return and your taxes on liquidating your assets to get the money for the purchase areÃâà...
The Guardsman Online
March 30, 2018
This may sound admirable, but with the student debt averaging $33,000 for two-thirds of Millennial graduates, according to Pew, they are left anxious and depressed wondering how they are going to escape the chains of debt. This is the highest student debt facing this age range compared to previousÃâà...
New York Magazine
March 30, 2018
The effect on interest rates of higher debt “is likely to be modest, given that the United States operates in an international capital market, which means that the impact of changes in interest rates resulting from greater investment demand and government borrowing are likely to be relatively small.” No need toÃâà...
South China Morning Post
March 30, 2018
But the National Institution for Finance and Development also said mounting debt was not a concern because Chinese households still had far more savings than debts. The country's household leverage ratio – or the ratio between debt incurred by families and gross domestic product – surged to 49 perÃâà...
The CT Mirror
March 29, 2018
A new state plan to pay off nearly $550 million of Hartford's bonded debt led some legislators Wednesday to consider reducing other forms of aid to the capital city. Asserting the plan never was properly authorized by legislators, House and Senate Republicans pledged Wednesday to try to reduce grants toÃâà...
NPR
March 29, 2018
A new government study obtained by NPR finds that thousands of teachers have had their federal grants taken away and converted to loans, often for minor paperwork errors. Dept. Of Education Fail: Teachers Lose Grants, Forced To Repay Thousands In LoansÃâà...
Champaign/Urbana News-Gazette
March 12, 2018
Some discharged debt exceptions include gifts and bequests; deductible debt (i.e. home mortgage interest — though you can kiss that deduction goodbye under new tax legislation from Capitol Hill); or certain student loans. Exclusions include debts discharged in bankruptcy; insolvency of the taxpayer (i.e.,Ãâà...
Daily Nebraskan
March 12, 2018
I'm sure many others have heard stories like this and about how “back in my day” so-and-so happened, but what's worse is when these same people talk about how they were able to exit college with minimal debt with just a part-time job. Colleges continue to raise tuition, leaving students with a harder timeÃâà...
AZ Big Media
March 12, 2018
Debt continues to be a crushing burden for many Americans. From credit cards to auto loans, mortgages, student loans and medical bills, a high percentage of the nation's households have one or more of those types of debt. According to a NerdWallet debt analysis in 2017, the average AmericanÃâà...
CNBC
March 12, 2018
The Chinese government needs to wean the debt-laden economy off the belief that Beijing will stage a bailout if problems crop up, says a Tsinghua finance professor. The country has the size and resilience to overcome issues in the financial system, but Beijing is concerned about systemic risks that mayÃâà...
U.S. News & World Report
March 11, 2018
BATON ROUGE, La. (AP) — To Terry Pellowski, a debt is a debt and needs to be repaid. Even if you only knew the lender for two weeks. Even if the debt is nearly a half-century old. But repay it the 71-year-old Pellowski did, and rekindled a friendship as a bonus. In 1966, Pellowski, a graduate of BatonÃâà...
North Queensland Register
March 10, 2018
“They are now captured in the scheme, preventing these farm debts from falling through the cracks and providing both parties with the same pathway to a fair and equitable resolution.” QRIDA farm business debt Mediation manager John Simpson said the reaction to the scheme has been positive, with bothÃâà...
Gilmer Mirror
March 10, 2018
Debt continues to be a crushing burden for many Americans. From credit cards to auto loans, mortgages, student loans and medical bills, a high percentage of the nation's households have one or more of those types of debt. According to a NerdWallet debt analysis in 2017, the average AmericanÃâà...
KSDK
March 10, 2018
JEFFERSON COUNTY, Mo. – A man named Kurt Warner (no, not the football player) and the Arnold-Imperial Optimist Club are on a mission to pay down school lunch debt in the Fox C-6 and Windsor C-1 school districts. "We wanted to do something that would have an instant impact on kids," Warner said.
Barron's
March 9, 2018
Specifically, the Great Recession showed us we can predict a slowdown in economic activity by looking at rising household debt. In the U.S. and across many other countries, changes in household debt-to-GDP (gross domestic product) ratios between 2002 and 2007 correlate strongly with increases inÃâà...
CBS Pittsburgh / KDKA
March 9, 2018
Add credit card bills and car payments on top of that and their debt totaled more than $140,000. “That was just really overwhelming, really overwhelming,” Luke said. The Turners, like most of us, made only minimum payments on their loans, while trying to cover the costs of their growing family, until theyÃâà...
ABC News
March 9, 2018
U.S. consumers' total credit card debt exceeded $1 trillion for the first time, according to a new study by the personal finance website WalletHub. Consumers took on an additional $92.2 billion in debt last year, the highest single-year amount since 2007. The average U.S. household owes $8,600 on creditÃâà...
American Banker
March 9, 2018
Sales of bad card loans are climbing — while prices are falling — setting up some of the largest debt collectors for better times. Bidders now pay about 10 to 15 ... off credit cards altogether. Now banks typically limit who can bid, and make them sign contracts blocking resales of debts to less savory players.
cleveland.com
March 9, 2018
The state ranks 16th for its college students' debt load, according to a study by LendEDU.com. Matthew Chingos, author of The Game of Loans: The Rhetoric and Reality of Student Debt, appears today at the City Club of Cleveland to discuss student loan debt and policy proposals that would make theÃâà...
Jackson Clarion Ledger
March 9, 2018
It also means a lot of those debtors are going to miss some payments and let their debts lapse, leading to calls from collection agencies. Some of those calls during 2017 led to complaints to various public and private agencies in the U.S. and Canada, which in turn reported them to Consumer Sentinel,Ãâà...
The Boston Globe
March 9, 2018
Education Secretary Betsy DeVos has a message for Massachusetts Attorney General Maura Healey and officials in other states hoping to rein in student loan debt collectors: Back off. The US Department of Education announced Friday that it considers state efforts to regulate collection companies — manyÃâà...
MarketWatch
March 8, 2018
Student debt isn't typically part of the conversation when we talk about women's rights. But stories like Morgan's and the data bolster the argument that it should be. Women hold the bulk — nearly two-thirds — of the nation's outstanding student debt, according to the American Association of UniversityÃâà...
The Economist
March 8, 2018
AMERICA's companies have been powering ahead for years. Amid growing profits, the recession that began in 2007 seems an increasingly distant memory. Yet the situation has a dark side: companies have binged on debt. For now, as the good times have coincided with a period of record-low interestÃâà...
MarketWatch
March 7, 2018
CVS Health Corp.'s outstanding bonds fell Tuesday, as the company completed an offering of $40 billion in new debt to be used to finance the company's proposed acquisition of Aetna Corp. The drugstore chain and pharmacy-benefit manager CVS, +1.33% said in December that it had reached anÃâà...
KIMT 3
March 5, 2018
A: Pay off your most expensive debts first. Get all of your statements together and put your debts in order by interest rate. Begin by making extra payments on the debt with the highest interest rate. Once that loan is paid off, move on to the next and the next. This strategy will help you get out of debt quicker.
ABC News
March 5, 2018
Under the school district's rules, low-income students who have lunch debts cannot apply for reduced or free lunch program until the debt is cleared, Fergus said. "My goal is that we'll keep it going until the state of Minnesota provides food for all kids," Fergus said. "Students shouldn't be in debt over lunch.".
Seeking Alpha
March 5, 2018
We mentioned in a recent post that we would soon return to the topic of credit spreads and exotic structured products. One reason for doing so are the many surprises investors faced in the 2008 crisis. Readers may, for e.g., remember auction rate securities. These bonds were often listed as "cashÃâà...
CNNMoney
March 5, 2018
Loans from China's Belt and Road Initiative "will significantly add to the risk of debt distress" for eight countries, including Pakistan, Montenegro and Djibouti, ... If any of them run into problems managing their debts, one concern is that China will be in a strong position to influence their strategic decisions orÃâà...
NBC4 Washington
March 5, 2018
For those who can't pay, their debt can be bought and sold to collectors for pennies on the dollar. It costs collectors next to nothing while people drown in bills. For just $10, a collection agency can purchase $1,000 worth of debt, an amount that increases at 12 percent interest annually. Then they pressureÃâà...
CNBC
March 5, 2018
This includes a $6.7 billion China-Laos railway which represents nearly half the country's GDP — leading the International Monetary Fund to warn that it might threaten the country's ability to service its debts, the think tank noted. The elevated risks were in part due to China's record of dealing with debt reliefÃâà...
MarketWatch
March 4, 2018
Even after she moved back to Miami and landed a full-time publicist gig, Calveiro sank $10,000 into debt trying to live an Instagram-worthy life. “I was living above my means,” she said. As Instagram influencers show off the latest fashion trends and their exotic vacations, mere mortals are breaking the bankÃâà...
Seeking Alpha
March 4, 2018
Add it all up and the United States government is on track to take the National Debt from $20.5 trillion to $30 trillion within a decade. The National ... Some 33% of Americans now have debts in some form of collection, and that figure reaches an astonishing 50% in many southern states (see map below).
