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50% of Americans are using the the 3rd stimulus check to pay off debt, report finds
LendingTree found that of the Americans using stimulus checks to pay off debt, 56% are putting them toward student loans and credit cards. .....»»
19 states have higher student-loan debt than annual budgets, report finds
Student Loan Justice found Georgia's state budget is slightly more than $48 billion, but Georgians' total student de.....»»
: Biden administration to cancel $1 billion in student-loan debt held by scammed borrowers
Borrowers who requested loan forgiveness but got only partial relief under former Secretary of Education Betsy DeVos will have their debts wiped away......»»
Report: Neiman Marcus could file for bankruptcy as soon as Sunday
Neiman Marcus is expected to file for bankruptcy as soon as Sunday, April 26, in an effort to restructure and offload more than $4 billion in debt, according to a new report. Sources told CNBC Friday, April 24, that the Dallas-based luxury retailer is.....»»
Macy"s looks to raise $5 billion in debt to avoid bankruptcy: report
Macy's Inc. is looking to raise as much as $5 billion in debt in an effort to avoi.....»»
Neiman Marcus in bankruptcy talks with lenders: Report
Neiman Marcus struggles to ease its $4.3 billion debt load.....»»
Market Extra: Brace for credit shocks as heaps of U.S. oil-field service company debt comes, warns Moody’s
North American oil-field services and drilling companies will need to refinance $32 billion of debt this year through 2024, a big worry even before oil prices collapsed to $22 a barrel and the coronavirus grew into a pandemic......»»
Report: Student loan debt in Pittsburgh on the rise
A recent report from LendingTree found that the median student loan debt in Pittsburgh rose by more than more than 2 percent between 2018 and 2019. The report looked at over 485,000 credit reports by users in 100 metros from Q1 2019 and Q1 2018, ex.....»»
Market Extra: Rising defaults in high-yield bonds puts this year on track for post 2008 crisis record, warns Goldman Sachs
Since January, a total of $36 billion of so-called junk-bonds have defaulted, thanks largely to several debt-laden energy players looking for reprieve from creditors in bankruptcy court......»»
Household Debt And Credit Report: Up By $82 Billion In Q2
Household Debt And Credit Report: Up By $82 Billion In Q2.....»»
Credit Card Debt Unexpectedly Shrinks As Student Loans Hit Fresh Record High
One month after both revolving and non-revolving consumer credit hit fresh all time highs, the Fed reported that in September total consumer credit rose to $3.950 trillion, rising $10.9 billion in the month,.....»»
It "Haunts My Life": Americans Over-60 Owe $86 Billion In Student Loan Debt They Can"t Discharge In Bankruptcy
A generation of Americans over 60 years old owe $86 billion in student loan debt, according to a new write-up by the Wall Street Journal. This.....»»
Red flags emerge as Americans" debt load hits another record
Some red flags emerged for the U.S. economy late last year as credit card inquiries fell, student-loan delinquencies remained high and riskier borrowers drove home automobiles, according to a report that could signal a downturn is on the horizon......»»
$166 Billion In Student Debt Is Now Officially Delinquent
According to the Federal Reserve Bank of New York's latest quarterly household debt report, student loan delinquencies surged last year, up to $166.4 billion in the fourth quarter. The report.....»»
Almost half of parents say they’ll take on credit-card debt to pay for child care — others avoid daycare due to COVID
‘Monthly child care costs can feel like an extra mortgage payment.’.....»»
Economic Report: U.S. consumer credit surges again in March
U.S. consumer credit rose $25.8 billion in March, the second straight month of strong gains, the Federal Reserve said Friday......»»
Archegos Reportedly Files For Bankruptcy As Banks Scramble To Recoup $10 Billion In Losses
Archegos Reportedly Files For Bankruptcy As Banks Scramble To Recoup $10 Billion In Losses The other day, we learned that Credit Suisse, which was left on the hook for $5 billion after dumping blocks of s.....»»
States Where People Are Struggling With the Most Debt
Many of us have experienced the desperation that comes from crushing debt at one point in our lives. Whether it’s student loans, car payments, credit card balances, or all of the above, debt is one........»»
Bond Report: U.S. Treasury yields rise before $62 billion debt auction
U.S. Treasury yields edge higher early Tuesday as investors eye a debt auction and a midweek Federal Reserve meeting......»»
Freezing student-loan payments saved just $2,000 per borrower, report finds
Nationwide, borrowers saved $82.7 billion in interest payments from the student-loan freeze, but Upgraded Points found minimal impact on individuals. Caelan Stulken / EyeEm/ Getty Images Student-loan payments a.....»»