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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. .....»»

Category: smallbizSource: nytMay 3rd, 2021

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.....»»

Category: smallbizSource: nytApr 5th, 2021

: 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......»»

Category: topSource: marketwatchMar 19th, 2021

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.....»»

Category: topSource: bizjournalsApr 25th, 2020

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.....»»

Category: topSource: marketwatchApr 21st, 2020

Neiman Marcus in bankruptcy talks with lenders: Report

Neiman Marcus struggles to ease its $4.3 billion debt load.....»»

Category: topSource: foxnewsMar 24th, 2020

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......»»

Category: topSource: marketwatchMar 18th, 2020

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.....»»

Category: topSource: bizjournalsJan 30th, 2020

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......»»

Category: topSource: marketwatchAug 18th, 2019

Household Debt And Credit Report: Up By $82 Billion In Q2

Household Debt And Credit Report: Up By $82 Billion In Q2.....»»

Category: topSource: seekingalphaAug 15th, 2018

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,.....»»

Category: blogSource: zerohedgeNov 7th, 2018

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.....»»

Category: blogSource: zerohedgeFeb 6th, 2019

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......»»

Category: topSource: reutersFeb 12th, 2019

$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.....»»

Category: blogSource: zerohedgeFeb 17th, 2019

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.’.....»»

Category: topSource: marketwatchMay 19th, 2021

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......»»

Category: topSource: marketwatchMay 7th, 2021

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.....»»

Category: worldSource: nytMay 5th, 2021

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........»»

Category: blogSource: 247wallstApr 30th, 2021

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......»»

Category: topSource: marketwatchApr 27th, 2021

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.....»»

Category: dealsSource: nytApr 23rd, 2021