Latest in Debt Bankruptcy
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Can a 10-year-old credit card debt still be collected?
It's common for debt collectors to pursue old debts, but do you still owe the money? Here's what to know.Top stories - CBS News - November 4 -
Southern Water at risk of debt default in event of further credit downgrades
Bond issue documentation shows UK utility under pressure over high financing costsBusiness - Financial Times - November 5 -
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.Top stories - CBS News - November 6 -
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.Top stories - CBS News - November 6 -
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.Top stories - CBS News - November 7 -
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.Top stories - CBS News - 3 days ago -
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.Top stories - CBS News - 3 days ago -
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 -
Here's how to qualify for credit card debt forgiveness before 2025
Debt forgiveness could help you save money on what you owe, but you'll need to meet some requirements to enroll.Top stories - CBS News - 2 days ago -
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Everyday Americans Keep Racking up Debt and Missing Payments
Economic pain is weighing on consumers as delinquency rates and household debt rise.Business - Inc. - 11 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.Top stories - CBS News - 8 hours ago -
‘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 - 5 hours ago -
Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound
Morgan Stanley rounds off strong earnings seasonBusiness - Financial Times - October 16 -
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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 agendaBusiness - MarketWatch - October 17 -
Biden forgives more student loans: 60,000 borrowers will get notices canceling $4.5 billion in debt
The Biden administration announced on Thursday that it was forgiving another $4.5 billion in student debt for over 60,000 borrowers.Business - CNBC - October 17 -
Biden’s Student Loan Forgiveness Program Has Canceled Debt for Over One Million People
An effort to revive and maximize use of the Public Service Loan Forgiveness program has resulted in student loan forgiveness for over one million people.Top stories - The New York Times - 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.Top stories - NBC News - October 17 -
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