Consolidation Debt Forgiveness

US cancels $1.1bn of Somalia’s debt in ‘historic’ financial agreement

Commitment by Mogadishu’s largest single lender is latest in series of deals to forgive ‘unsustainable’ $4.5bn debt. Somalia has announced that more than $1.1bn (£860m) of outstanding loans will be ...

World - The Guardian - November 6

Can a 7-year-old credit card debt still be collected?

Credit card debt this old could still be collected on — but only in certain circumstances. Here's what to know.

What happens when a credit card charge-off is sold to a debt collector?

Has your charged-off debt been sold to a debt collector? Here's what you can expect to happen next.

Should I pay credit card debt that has been written off?

Paying off written-off debt may seem counterintuitive, but it can make sense in certain cases. Here's why.

What will happen to the U.S. dollar, deficit and debt under Trump? Watch gold.

Gold’s performance may offer hints on what will happen to the U.S. dollar, and how the U.S. deficit and debt story will play out, as incoming U.S. President Donald Trump takes office, analysts say.

Business - MarketWatch - 6 days ago

China Moves to Ease Debt Concerns---but Again Holds Off on Stimulus Measures

Investors’ hopes for large-scale support for the economy were dashed after an anticipatory stock-market surge in recent weeks.

World - The Wall Street Journal - 6 days ago

China unveils 10tn yuan support for debt-stricken local government

Cash stops short of hoped-for ‘bazooka option’, with critics calling it ‘an accounting exercise’ that will not bolster growth. China has announced 10tn yuan in debt support for local governments ...

World - The Guardian - 6 days ago

Here's how your credit card debt can become uncollectible

If you're behind on your payments or are curious about your rights regarding old debt, here's what to know.

How to get rid of credit card debt without ruining your credit

You don't have to sacrifice your credit score to get rid of credit card debt. There are lots of routes to consider.

Credit card debt among retirees jumps — 'It's alarming,' researcher says

There's been a significant increase in the share of retirees with credit card debt since 2022, according to the Employee Benefit Research Institute.

Business - CNBC - 3 days ago

Germany's Merz open to reforming debt brake on government spending

World - Yahoo News - Yesterday

Everyday Americans Keep Racking up Debt and Missing Payments

Economic pain is weighing on consumers as delinquency rates and household debt rise.

Business - Inc. - 17 hours ago

What are the best ways to get rid of credit card debt in retirement?

New research shows that retirees' credit card debt is growing. Here's how you can tackle yours now.

‘I’m young, debt-free and happy-go-lucky’: My boyfriend has $45,000 in debts, two houses, two kids and pays child support. Is he a safe bet to marry?

“Lately, we’ve been discussing the future, including marriage.”

Business - MarketWatch - 11 hours ago

Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound

Morgan Stanley rounds off strong earnings season

Business - Financial Times - October 16

IMF Assessing Impact on Senegal After Audit Finds Sall’s Regime Failed to Report Debt

World - Yahoo News - October 17

Student debt cancelled for 1 million public servants, as other relief remains in limbo

Biden administration touts the milestone while courts are blocking other parts of the White House’s student-loan agenda

Business - MarketWatch - October 17

4.8M borrowers, including 1M in public service, have had student debt forgiven, Biden admin says

The Biden administration announced it has provided student debt relief to more than 1 million borrowers who work in public service and 4.8 million borrowers in total.

Trump and Harris would add trillions to the national debt. Here’s why it could lead to higher costs for households.

The combined cost in new debt of former President Donald Trump’s and Vice President Kamala Harris’s tax and spending proposals would dwarf those put forward in previous election cycles, according ...

Business - MarketWatch - October 18

El Salvador gets $1bn US-backed loan from JPMorgan to refinance debt

Deal linked to promise of river conservation is latest example of increasingly popular ‘debt for nature swaps’

World - Financial Times - October 17

Bondholders could make $14bn from emerging market restructurings, says Debt Justice

Campaign group says debt resolution in countries from Ghana to Ukraine means potential big profits for investors

World - Financial Times - October 18

China needs stimulus with 'beautiful deleveraging' to avoid debt crisis, says Ray Dalio

China must employ a “beautiful deleveraging” in addition to its recent stimulus measures in order to avoid debt crisis, says Ray Dalio.

Business - CNBC - October 18

As nervous investors worry about the presidential election, public debt is a top concern financial advisors say

The impacts of outstanding U.S. debt could have long-lasting implications beyond the November election, according to new research.

Business - CNBC - October 18

U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark

The shortfall was more than 8% from the previous year and the third highest on record, the Treasury Department said Friday.

Business - CNBC - October 18

Latest in Consolidation Debt Forgiveness

US cancels $1.1bn of Somalia’s debt in ‘historic’ financial agreement

Can a 7-year-old credit card debt still be collected?

What happens when a credit card charge-off is sold to a debt collector?

Should I pay credit card debt that has been written off?

What will happen to the U.S. dollar, deficit and debt under Trump? Watch gold.

China Moves to Ease Debt Concerns---but Again Holds Off on Stimulus Measures

China unveils 10tn yuan support for debt-stricken local government

Here's how your credit card debt can become uncollectible

How to get rid of credit card debt without ruining your credit

Credit card debt among retirees jumps — 'It's alarming,' researcher says

Germany's Merz open to reforming debt brake on government spending

Everyday Americans Keep Racking up Debt and Missing Payments

What are the best ways to get rid of credit card debt in retirement?

‘I’m young, debt-free and happy-go-lucky’: My boyfriend has $45,000 in debts, two houses, two kids and pays child support. Is he a safe bet to marry?

Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound

IMF Assessing Impact on Senegal After Audit Finds Sall’s Regime Failed to Report Debt

Student debt cancelled for 1 million public servants, as other relief remains in limbo

4.8M borrowers, including 1M in public service, have had student debt forgiven, Biden admin says

Trump and Harris would add trillions to the national debt. Here’s why it could lead to higher costs for households.

El Salvador gets $1bn US-backed loan from JPMorgan to refinance debt

Bondholders could make $14bn from emerging market restructurings, says Debt Justice

China needs stimulus with 'beautiful deleveraging' to avoid debt crisis, says Ray Dalio

As nervous investors worry about the presidential election, public debt is a top concern financial advisors say

U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark

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