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Barrow's debt crisis expected to spike this month as 'perfect Christmas' bills hit doormats  NW Evening Mail

BARROW'S debt crisis will spike in January as Christmas bills hit doormats, officials have warned.


£2m bank charge for college clearing debt with bailout  FE Week

A cash-strapped college has spent almost £2 million of the bailout cash it received from the government on bank charges – although it has actually saved money ...


How January pushes the poorest towards the priciest debt  The Independent

For many people, this is now the fifth week since the last payday – and for a significant number that's causing serious problems. December is an expensive ...


EM groups will pay heavy price for gorging on debt  Financial Times

Less investment for growth and yet more borrowing beckons.


Woman attacked with knife over 'cigarette debt'  The Ulster Herald

A MAN accused of beating a woman with a knife close to Strathroy last week over an alleged debt for cigarettes has been denied bail. The incident happened on ...


Olivier Blanchard on debt: “Relax. Don't relax too much, but relax”  Financial Times

Author of the standard textbook on macroeconomics, former head of research for the International Monetary Fund, currently at the Peterson Institute for ...


This diabetic federal worker rationed her insulin during the shutdown because debt was scarier than dying  CNN

Mallory Lorge, a furloughed federal worker and a diabetic, told CNN she resorted to rationing her insulin medication because "the thought of having more debt ...


Tesla has $920 million in debt that's coming due — and it could wipe out a large chunk of the company's cash  CNBC

Tesla has a billion dollar debt coming due, and it could wipe out nearly a third of the company's cash if the stock price doesn't improve. About $920 million in ...


UK reviews impact of student debt on financial stability  Financial Times

Bank of England examines how loans affect graduates' ability to spend and pay other debts.


Average household debt in Burnley up by 25% since 2014  Burnley Express

The average Burnley household's borrowing increased by 25% over the last five years, following the national trend of people taking on more new credit card and ...


New Look to regroup after restructuring debt  Drapers

New Look's refinancing, aimed at reducing its long-term debt by 80%, will put the retailer “on the front foot” in tackling its turnaround strategy, executive chairman ...


Debt Burden Exposed  Moneyshow.com

Fed Chair Jerome Powell, former Fed Chair Janet Yellen and former Chair of the FDIC Sheila Bair, have all highlighted a concern for corporate debt levels, ...


Debt? What debt? At $22 trillion, here's the argument the national debt doesn't matter  CNN

So much ink has been spilled for so long on the national debt, it might be nice if that $22 trillion plus on the red side of the US balance sheet just didn't really ...


China’s globetrotting labourers face dangers and debt  Financial Times

Overseas workers struggle amid long hours, unsafe conditions and unpaid salaries.


This is the best place to live in America to pay down debt  CNBC

LendingTree recently analyzed data in 50 of the biggest metro areas in the U.S. to find which city was the best to live in if you're looking to pay down debt.


As China’s debt soars, the market for buying bad loans revs up  The Economist

FOR MANY investors, debt in China is something to fear, a shadow over the world economy. But for a different breed, it looks more like a terrain of untapped ...


Brexit threat exposes frailties in UK debt markets  Financial Times

Foreign investors are 'sitting on their hands', leaving some asset classes at risk.


India’s debt under Modi govt surges 50% to Rs 82 lakh crore  India Today

Total liabilities of the government has increased 49 per cent to Rs 82 lakh crore in the last four-and-half years during the Narendra Modi government, as per the ...


Fears of excessive debt drive more countries to cut down their Belt and Road investments  CNBC

In recent months, countries such as Pakistan, Malaysia, Myanmar and Sierra Leone have either canceled or backed away from previously negotiated ...


Average UK household debt now stands at record £15,400  The Guardian

Britain's household debt mountain has reached a new peak, with UK homes now owing an average of £15,385 to credit card firms, banks and other lenders, ...


New Look aims to cut debt by £1bn in restructuring plan  City A.M.

New Look will cut debt by £1bn as part of a restructuring deal agreed with investors, the fashion retailer announced this morning.


Gymboree files for Chapter 11 as more retailers restructure debt  Reuters

NEW YORK, Jan 18 (LPC) - Children's retailer Gymboree Group Inc has filed for Chapter 11 bankruptcy protection, joining a growing list of brick-and-mortar ...


China corporate debt defaults may lead to crisis, global contagion  Business Insider

The sheer scope of debt levels in China is leading to fears that the country could be teetering on the edge of a crisis.


Hundreds of people in Barrow in debt owing more than £1m - shock report reveals  NW Evening Mail

BARROW'S debt crisis soared past a million pounds last year, according to a shocking new report.


Tackling debt with Troy Sutton  Big Country Homepage

Debt is a burden that affects people across the generational gap. Troy Sutton has advice to help guide you out of the red.


Uganda Might Have A Debt Problem But It's Not Going To Be A Large One  Continental Telegraph

It's always entirely possible that a developing country can have a debt problem. For there are those cautionary tales of places which manage to regress - always.


Three Steps to Avert a Debt Crisis  International Monetary Fund

By Martin Mühleisen and Mark Flanagan · 日本語. There has been much public discussion of the debt sustainability of a handful of high-risk countries. However ...


Debt headache? Reboot your finances for the new year  The Guardian

Did you blow your budget in December? In a few days' time, the first set of post-Christmas credit card bills will land on doormats – and for many they will not ...


Student debt puts buying home out of reach for 400K  The Columbian

Skyrocketing student loan debt put homeownership out of reach for 400000 Americans in their 20s and 30s from 2005 to 2014, according to a new report from ...


Student Debt Is a Driver of Low Millennial Homeownership  Bloomberg

American homeownership has been on the decline, and Federal Reserve researchers point to the high cost of college as one culprit.


Mozambique ruling party grapples with $2bn state-debt scandal  TimesLIVE

When former Mozambican finance minister Manuel Chang was arrested at Johannesburg airport over the Christmas holidays, it triggered a political crisis ahead ...


Here's How Much Debt Collectors Earn In Every State  Forbes

Ever wonder what one of the most disdained jobs in the country earns a year? Now it's time to find out how much money debt collectors are taking home in each ...


Provident Financial warns on profit after rise in bad debt  Financial Times

Subprime lender reports tougher trading at Vanquis credit card division.


Student stayed debt-free at uni doing night shift until 8am then starting classes at 9am  Daily Record

Dedicated Micheal Olorode has avoided taking out a student loan by working 10-hour shifts to pay for his rent, bills, books and food.


Hedge funds target AA over debt pile  Telegraph.co.uk

Hedge funds have ramped up their bets against the AA, piling pressure on chief executive Simon Breakwell to get to grips with its enormous debts.


Record year: Sustainable debt market surges forward in response to growing global demand  www.businessgreen.com

The global green finance market enjoyed another impressive year in 2018, as record levels of sustainable debt were issued on the back of solid growth from the ...


Brexiteers owe Dominic Grieve and Gina Miller a debt of gratitude  Spectator.co.uk

If, as seems inevitable, the Commons votes to reject Theresa May's Brexit deal later today – thereby sparing Britain from the humiliation of being trapped…


Fabinho reveals his debt of gratitude to Jurgen Klopp and Virgil van Dijk at Liverpool  Liverpool Echo

Brazilian midfielder has stepped up and showcased his versatility in recent weeks.


Foreign Holdings of South Africa Debt Lowest in Almost Two Years  Bloomberg

Foreign ownership of South African government debt is declining, but that's not necessarily a bad thing. Non-resident holdings of the country's bonds dropped to ...


Universal Credit delay ‘traps Brits in debt and forces them to food banks to pay it all back, charity warns  The Sun

UNIVERSAL Credit's five week wait for help is trapping Brits in debts which they can't ever repay, a charity has warned. Christians Against Poverty say that the ...


Czech democracy ‘under threat’ from rising debt crisis  The Guardian

Snowed under with debts from a failed business, Renata's hands shook as she told a tale of financial misery that drove her to contemplate suicide and visited ...


Have we been misled over the importance of government debt?  The Independent

Fiscal illusion” sounds like the kind of thing Derren Brown might do to your wallet in front of a packed theatre. But actually, fiscal illusions are what perturb ...


Report suggests new buildings have caused multi-million pound debt at Bangor University  The Bangor Aye

An independent accountant's report, commissioned by trade unions, which evaluates the past seven years of Bangor University accounts, will be discussed by ...


The 'paradox of debt'—or how to avoid austerity again • Social Europe  Social Europe Journal

The Spanish government's budget proposals show some break with the austerity of its conservative predecessor. But there is still an excessive commitment to ...


There’s Not Enough Debt in the World  Bloomberg

It may be a cliché, but it's true that the world's awash in debt. In its quarterly update, the Institute of International Finance said on Tuesday that the world's debt ...


Ex-Apollo Partner Is Taking ‘Rifle-Shot Approach’ to Buyout Debt  Bloomberg

Sachin Khajuria, a former partner at Apollo Global Management LLC who now runs his own firm, said he sees buyout debt as one of the best opportunities for ...


In 4.5 Years, India's Debt Up 49% To 82 Lakh Crore, Says Finance Ministry  NDTV News

Total liabilities of the government has increased 49 per cent to Rs 82 lakh crore in the last four-and-half years during the Narendra Modi government, as per the ...


US national debt rises $2 trillion under Trump  CNN

The US national debt stood at $21.974 trillion at the end of 2018, more than $2 trillion higher than when President Donald Trump took office, according to ...


The British high street crisis is due to debt, not Brexit  New Statesman

In 2018, the British high street endured its worst Christmas since the global financial crisis of 2008. Figures released by KPMG, which audits many of the firms in ...


Free Of Debt Blue Diamond-bound 2:14pm  Racing.com

Bieg colt earns shot at Diamond after beating Viking Warrior.


Average Household Debt Climbs to New High of £15,400  Money Expert

The TUC (Trades Union Congress) has released figures showing that average unsecured debt per household in the UK has reached a new peak of just under ...


Cáirde Chorcaí chairman says testimonial monies not for debt  Irish Examiner

Cáirde Chorcaí chairman Ted Owens has reiterated that the proceedings from this evening's testimonial for Dr Con Murphy will not be used to *service* the Páirc ...


Paying off debt is a pressing issue for Gen X and younger boomers  CNBC

While 70 percent of this demographic were able to set aside money for their later years in 2018, building that nest egg is not their current focus — paying down ...


Tesla cuts workers ahead of $920 million debt payment  Business Insider

Tesla announced that it will cut 3000 workers ahead of a $920 million debt payment coming due in March.


'Coerced Debt' Often Follows Domestic Violence Survivors  KERA News

From Texas Standard: Once survivors of domestic abuse are in a safe place, and looking to start building their future, they can face another roadblock:


The world is swimming in R3,360 trillion of debt  Business Insider South Africa

Global debt is hovering near an all-time high at R3,360 trillion (that's more than three thousand trillion) the Institute of International Finance said in a new report.


How to cure a Christmas debt hangover  The Independent

You had a great Christmas. You enjoyed picking the best gifts for the people you love, you ate and drank well, and you caught up with friends and family you ...


‘Modern Monetary Theory’ Is a Joke That’s Not Funny  Bloomberg

Yes, a government that issues its own currency can pay its bills. But piling up debt for no urgent reason is lunacy.


Bognor teenager racked up £8,000 debt with notorious drug dealer before drug-driving arrest  Bognor Regis Observer

A Bognor Regis man caught driving with four different drugs in his system was 'beyond his depth' after racking up thousands of pounds of drug debt.


Examining Belt and Road “Debt Trap” Controversies in the Philippines  The Jamestown Foundation

Controversies Surrounding Chinese Investment in the Philippines. The prospect of “debt traps” occurring in developing nations has been a popular recent topic ...


TX Church Pays Off School District's Lunch Debt In Incredible Act of Generosity  Patheos

Here's a happy story for you: A Texas church recently paid off a school district's lunch debt, so that students who owed money to the district for food didn't have to ...


Debt-saddled Brits forced onto the breadline by credit vultures  Mirror Online

The Daily Mirror's Fair Credit for All campaign aims to shine a light on the interest rates rip-off experienced by millions in the UK.


Board: School Lunch Debt Stable  Valley News

Claremont — The School Board received a little bit of good news this week on its efforts to reduce the school lunch debt that has grown to more than $20000 ...


Let's talk about Pakistan's spiralling circular debt  The Express Tribune

A lack of action over the crisis has severely hurt investor confidence in the power sector. ILLUSTRATION: JAMAL KHURSHID. Power-sector circular debt has ...


Record production helps Premier Oil cut debt  Telegraph.co.uk

Premier Oil has used its second consecutive year of record oil production to make bigger than expected cuts into its huge debt pile.


Rich students escape debt by paying uni fees upfront - Your Money  Your Money

The wealthiest 10% of students at English universities pay their tuition fees upfront, research reveals.


Debt worries keep one in 10 of us up at night: tips to take back control  Your Money

More than one in ten Brits say worrying about their financial situation regularly keeps them up at night.


Get in debt or turn down job? Universal Credit's 'stark choice'  BBC News

The Universal Credit system leaves too many UK claimants with children facing a stark choice between turning down jobs or getting into debt, MPs warn.


Gambler mum who ran up £70000 in debt is inspiration behind ITV's latest show starring Sheridan Smith  St Helens Star

A MUM-of-one, whose story of racking up £70000 of debt by betting online has inspired the ITV series Cleaning Up, has called for more support for…


Debt-plagued dad fraudulently sold goods online after he was 'threatened by loan sharks'  Chronicle Live

Craig Swinburn, 39, was almost jailed after going to Gumtree to swindle his bosses.


SoftBank Takes Small Step to Reduce Giant Debt With Bond Buyback  Bloomberg

SoftBank Group Corp. bonds jumped after the company offered to buy back its notes, in a small step by billionaire Masayoshi Son's firm to cut its massive debt ...


Judge hears major Puerto Rico debt restructuring case  ABC News

A court hearing on a major restructuring of Puerto Rico's mammoth debt opened Wednesday, with protesters warning the deal would further indebt the U.S. ...


CANADA FX DEBT-C$ keeps pace with greenback as trade optimism rises  Reuters

year yield touches its highest in one month By Fergal Smith TORONTO, Jan 18 (Reuters) - The Canadian dollar was little changed against its broadly stronger ...


Copeland council has written off debts of more than one million pounds since 2015  News & Star

COPELAND council has written off debts of more than one million pounds since 2015, with the crisis blamed on previous administrations.


Alpamare waterpark in Scarborough faces legal action over debts  The Press, York

LEGAL action is being taken against the operator of Scarborough's £14m waterpark.


Flagship South African airline in crunch debt talks  Financial Times

SAA chief stresses need to restructure loans as it strives to avert closure threat.


Suspected gun used during robbery of debt collector  Portadown Times

A suspected firearm was used to threaten and rob a debt collector this afternooon.


Moody's: Rising government debt hampers banking sector  Fin24

Rising public debt levels affect a country's banking sector, with banks preferring to lend to government, which is seen as lower risk, according to Moody's senior ...


Regency Mines shifts main burden of debt repayments into 2020 with convertible issue, loan note re-profiling  Proactive Investors UK

Regency Mines PLC (LON:RGM) - The AIM-listed firm said it has raised £676000 through the issue of £676000 of convertible notes, with accompanying ...


Gundlach's warning on 'ocean of debt' adds to worries over corporate bonds  CNBC

Investor Jeffrey Gundlach warns that the debt load is about to become a bigger problem. "We are talking about the creation of an ocean of debt," Gundlach tells ...


Jet Airways actively considering resolution plan to infuse capital, reduce debt  The News Minute

Financially stressed Jet Airways on Wednesday said that a resolution plan to infuse capital and reduce debt of the company is under active consideration.


Natty Light is donating $10 million to offset 'crippling' student-loan debt, and it reveals a dark reality about America  Business Insider

Natural Light on Tuesday announced plans to donate $10 million to offset student-loan debt.


Study: Bay Area adults owe $17.4 billion in student loan debt, almost double what was owed in 2008  SFGate

San Franciscans and other Bay Area residents are shouldering a massive amount of student debt, a new study from Experian details. All together, those living in ...


Britain owes £72.5bn on credit cards as households pile on debt despite fears for economy  The Independent

Britons owe a total of £72.5bn on credit cards with £400m added to balances in November alone, new figures show. Each household in the UK now has an ...


Mountains of debt  The News International

This refers to the article 'Course correction' by Dr Farrukh Saleem. The writer has mentioned two positive points. First, exports are up by 15 percent and second, ...


Can Hollywood’s Biggest Media Companies Avoid Getting Crushed by Debt?  Variety

Media giants have piled up mountains of debt. AT&T, Disney and Comcast now need to make sure they don't get crushed under those obligations.


The 5 Cheapest Ways To Pay Off Credit Card Debt Fast  Forbes

Of course, the faster you pay off credit card debt with as little cost as possible the better. But which method is the fastest? Which is the cheapest, and can you get ...


UK retailer New Look's restructuring to cut debt by one billion pound  Reuters UK

British fashion group New Look said on Monday it had agreed a restructuring with debtholders to deleverage and strengthen its balance sheet.


New Look reveals plan to slash debt to £350m  Drapers

New Look has agreed a debt-for-equity swap with a group of its key financial stakeholders, which is aimed at reducing its long-term debt by 80% from £1.35bn to ...


Impeachment, global debt and other things to worry about  Advisor.ca

In a volatile, unpredictable world, forecasting is crucial, but it's not enough. Scenario planning will play a more important role, said Willis Sparks, global macro ...


Debt crisis: British families face £15k misery  Express

The average UK family now owes £15,385 in unsecured debt, such as credit cards, loans and overdrafts. In its annual report into the nation's finances, the ...


Puerto Rico Tests the Trump Strategy to Wipe Out Debt  Bloomberg

A federal oversight board says more than $6 billion of bonds should be declared null and void. Trump spoke about erasing the island's debt in 2017.


The biggest emerging market debt problem is in America  Financial News

A recurrent topic in the financial press for much of 2018 has been the rising risks in the emerging market asset class. Emerging economies are, of course, a very ...


1 in 5 millennials with debt expect to die without ever paying it off  CNBC

Just over 60 percent of millennials with debt don't know when, or if, they'll ever be able to pay off what they owe. That includes almost 20 percent who expect to ...


Foreign debt rises on account of strengthening rupiah - The Jakarta Post  Jakarta Post

The strengthening rupiah in November led to an increase in Indonesias external debt, Bank Indonesia data has revealed. Meanwhile, the private sector also ...


Triple-B movie: ‘Big Short’ star fears for debt-laden companies  Financial Times

In an economic slump, buyers for BBB-rated bonds may be hard to find.


Investors flee risky US corporate debt  Financial Times

US investors have pulled back sharply from the riskiest corners of the debt markets, putting junk bonds and loans on course for their worst month since August ...


Policymakers urge action on EU sovereign debt ‘doom loop’  Financial Times

Banks have accrued large stockpiles of their home nation's debt for political reasons.


Martin Lewis reveals how to cut ALL your debt costs in 7 steps  The Sun

MILLIONS of Brits have racked up debt over the years - but with the help of Martin Lewis you can cut your bills. In his yearly debt masterclass, the ...


Helping families in debt would boost confidence - EXPRESS COMMENT  Express

JANUARY is always a cruel month for household finances, and a report from the Trades Union Congress (TUC) has found that families across the UK are ...