Global debt has surged to $315 trillion, driven primarily by the economic impacts of the COVID-19 pandemic, merging and emerging markets, inflation, and even individual household debt.
Tags: Debt
Kodak Warns It May Not Survive as $500 Million Debt Deadline Looms
Kodak warns it may not survive as it faces a $500 million debt deadline, raising concerns about the company's future.
Credit Scores Can Also Be an Early Warning Sign of Cognitive Decline, Research Finds
A new study found that credit scores, which measure a person's capacity to pay back loans, may also serve as an early indicator of cognitive deterioration.
$50,000 Worth of Debt Can Be Erased in 3 Years! Here’s How
Here's how to deal with debt in three years by consolidating debt in a much lower rate and easier way to pay.
Lending Site Reveals Gen X Owes Most Debt Among Generations
In a new analysis, most Americans also owe thousands of dollars other than their home loans, with Gen X footing the most expensive bill compared to different generations.
Latest News
Debt relief programs could be helpful for people drowning in debt who would qualify, but it could not be said for everyone else.
China to issue 1 trillion Chinese Yuan in long-term bonds starting this week to boost the economy.
With US household debt reaching all-time high, people can pay off their debt by sticking to their preferences and asking for financial advice.
Fitch Ratings has downgraded the outlook on China's sovereign credit rating from stable to negative.
Credit card balances in the US reached a new record high of $1.13 trillion, according to data released by the Federal Reserve Bank of New York.
Here is how Australia's household debt binge has left the country vulnerable as economy shrinks.
The U.S. Congress has delayed work on Puerto Rico debt bill. Originally, the bill was scheduled to be the subject of hearing on Wednesday before receiving final amendments on Thursday. After that, it will be sent for debate on the House.
SunEdison is facing another lawsuit, this time from its subsidiary TerraForm. TerraForm accused its parent company for misallocating cash for its projects in India to SunEdison’s own balance sheet.
China's eighth largest investment bank, Guosen Securities, has clarified on behalf of its unit that there's no default on its offshore debt. The trustee of the offshore bond Bank of New York Mellon (BNY) had earlier warned bondholders of a possible default.
