Spreadcover.com - The Latest Debt News and Information
EM groups will pay heavy price for gorging on debt  Financial Times

Less investment for growth and yet more borrowing beckons.

Nick Skelton's debt to the show jumping 'complete one-off' Ted Edgar  Telegraph.co.uk

No one will walk in Ted Edgar's footsteps.” Those were the words of 1960 BBC Sports Personality of the Year David Broome, reflecting on his brother-in-law ...

Bank of England reviews impact of student debt on financial stability  Financial Times

Central bank examines how debt could affect graduates' ability to spend and pay other debts.

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.

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 ...

China’s globetrotting labourers face dangers and debt  Financial Times

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

Student debt has prevented hundreds of thousands of millennials from buying homes, Fed says  Business Insider

Mounting student debt has weighed on homeownership among young Americans, the Federal Reserve said in a new report.

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 ...

Brexit threat exposes frailties in UK debt markets  Financial Times

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

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.

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.

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 ...

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 ...

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 ...

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.

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 ...

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.

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.

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 ...

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, ...

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

Subprime lender reports tougher trading at Vanquis credit card division.

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 ...

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.

The Bear Necessities: Finding Value in a Sea of Debt  The Wall Street Journal

This week's annual parade of bears and bulls in London showed an intriguing agreement on two points: Companies with little debt are very expensive, and ...

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 ...

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…

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. ...

Paying down debt should be priority for low income workers, say experts  Cape Breton Post

TORONTO — Investment planning can often be seen as a luxury for the financially stable but advisers say that it's especially important for those who are starting ...

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

If you follow the debates over U.S. economic policy, you had probably heard of modern monetary theory well before freshman Democratic Representative ...

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 ...

U.N. members owe $2 billion in debt to peacekeeping, U.S. owes a third  Reuters

U.N. member states owe nearly $2 billion in peacekeeping funds, United Nations chief Antonio Guterres has warned, with the United States responsible for more ...

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 ...

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.

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 ...

I owe money, but do debt collectors have to chase so hard?  Stuff.co.nz

I have a debt of approximately $700 that I owe to [debt recovery agency] EC Credit Control. I don't know exactly how much I owe because they have not sent me ...

StorageVault Converts $172.5 Million of Variable Rate Debt into 10 Year Term Debt at 4.23%  GlobeNewswire

TORONTO, Jan. 17, 2019 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V) is pleased to announce that it has completed a ...

Student debt is depleting rural America  Axios

College students from rural areas are moving to big cities for higher wages to help pay off their student loans, according to new research from the Federal ...

Are You Struggling With Medical Debt?  NPR

Have you or someone close to you been struggling with medical bills you can't pay. NPR is doing a story about the best strategies for dealing with medical debt ...

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 ...

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 ...

Credit cards get the hate, but HELOCs are the crushing debt  The Globe and Mail

Debt has to be the most talked about personal finance topic of the past decade. Somehow, financial planner Shannon Lee Simmons has found something *fresh* ...

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 ...

California student debt doubled in last decade  Sacramento Bee

Californians owed $133 billion in student loan debt in late 2018, more than double the amount owed a decade earlier, according to a new analysis from credit ...

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…

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.

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 ...

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.

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 ...

The cities where retirees are in the most (and least) debt  Ladders

It's clear that carrying a large debt load when you approach retirement age is a problem for many Americans across the country.

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.

The Gym Group shares weighed down by higher debt predictions despite 2018 revenue growth  Proactive Investors UK

The Gym Group PLC (LON:GYM) - The firm expected revenues for 2018 to be up 35.6% at £123.6mln, however acquisitions and investments meant net debt ...

Suspected gun used during robbery of debt collector  Portadown Times

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

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 ...

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.

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.

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.

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 ...

3 colleges that help you handle student debt  WBAL Radio

With collective U.S. student loan debt nearing $1.5 trillion, some colleges are testing innovative solutions to help reduce student borrowing.

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 ...

Pizza Express debt: UK High Street chain owes £1billion in debt | Daily Star  Daily Star

PIZZA Express has debts of around £1billion with bosses blaming adverse weather conditions for a "significant impact" on sales.

UKDMO UK Regulatory Announcement: Issue of Debt  Business Wire

DMO-TAS041/2190/003 Eastcheap Court 11 Philpot Lane London EC3M 8UD T 020 7862 6500 F 020 7862 6509 www.dmo.gov.uk.

400,000 fewer young people are buying homes due to student debt  Inman.com

The rise in student debt – which more than doubled from 2005 to 2014 – has resulted in 400000 fewer young people owning a home.

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.

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 ...

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.

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 ...

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 ...

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 ...

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 ...

Can the Cable Cowboy Wrangle the Debt for His Latest Deal?  Bloomberg

John Malone ought to be able to structure a deal to buy Millicom without driving up leverage too high.

Princes Quay grotto builder left £3,000 in debt after 'Grinch' owner fails to pay staff  Hull Daily Mail

A set-builder who "stupidly" used his own credit card to fund the build of seven Santa's grottos nationwide has been left £3,000 in debt after the "grinch" owner ...

Should you cash in savings to pay down debt?  The Globe and Mail

Someone I know in the financial services industry marvels at how many indebted people have cash sitting in savings accounts paying next to nothing in interest.

ZestMoney raises debt funding led by Alteria Capital  YourStory.com

ZestMoney raised an undisclosed investment from the venture debt fund Alteria Capital. The company has raised $22 million of capital to date.

Highbury College calls in lawyers over £1.4m debt it is owed by Nigerian state government  The News

LAWYERS have been instructed by a Portsmouth College as it seeks to recover a £1.4m debt it says it is owed by the government of a Nigerian coastal state.

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.

Concern that debt levels may stop youngsters studying medicine  News & Star

The BMA said the bill for education was putting some off pursuing medicine and called for measures widening participation from less well-off areas.

CANADA FX DEBT-C$ hits 9-day low before paring losses on trade optimism  Reuters

The Canadian dollar weakened to its lowest in more than one week against the greenback as oil prices fell, but the currency pared losses as investors weighed ...

Treasury debt service set to reduce by Sh14 billion  Daily Nation

The Treasury has cut the projected cost of servicing public debt for the current fiscal year by Sh14 billion, reflecting the lower interest rates on issued securities.

Minnesota hospitals saw bad debt climb nearly 25% in 2017  Becker's Hospital Review

Minnesota hospitals have seen more patients struggle to pay their medical bills, according to a report from the Minnesota Hospital Association, which has 142 ...

Can you bank on debt mutual funds to create a retirement corpus  Economic Times

Most investment advisors advocate investing in equity mutual funds to create a retirement corpus. They reason that equity or stocks have the potential to beat ...

Metro Vancouver debt service costs to soar over the next five years  Vancouver Sun

"Over the last many years we've hovered around where we are at now. It's just the sheer magnitude of the capital programs and the needs going forward that is ...

KKR warns investors on giant corporate debt loads  Financial Times

Markets guru Henry McVey recommends trimming exposures to riskiest borrowers.

34 Devastating Stories About How People Are Still Crushed By Medical Debt  BuzzFeed News

Nine years after the Affordable Care Act was signed into law, Americans are continuing to live with crushing amounts of medical debt. One in six people in the ...

Flagship South African airline in crunch debt talks  Financial Times

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

'Living beyond our means': Auditor general troubled by debt growth  CBC.ca

New Brunswick's auditor general went after the province's overall finances in her annual report Wednesday, saying the debt has reached a historic high.

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.

“They're sometimes compared to superheroes”: Why we all owe a debt to project managers  CityMetric

It's highly likely that you recognise the building in the picture at the top of this page. The Sydney Opera House is, after all, one of the most famous structures in ...

Premier Oil to pay down more debt after record production  Financial Times

Premier Oil, the North Sea producer, expects to pay off more of its hefty debt load this year than previously expected, helped by another year of record production ...

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 ...

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 ...

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 ...

'We would have died if it wasn't for him': Family's debt to war hero Frank Foley  expressandstar.com

The words of Lion 'Bob' Rubin, who along with his family was saved from Hitler's murderous Nazi regime thanks to the bravery of Black Country war hero Major ...

New Look cuts its £1.35bn debt pile  Bradford Telegraph and Argus

NEW LOOK has taken action to cut its debts by handing the company over to its creditors.

Aurora to raise $250 million in convertible debt, stock falls in late trading  MarketWatch

Aurora Cannabis Inc. ACB, -10.37% ACB, -10.49% said late Wednesday that it planned to raise $250 million via convertible debt. Aurora stock fell more than 6% ...

Natty Light donating $10M to offset 'crippling' student debt  Yahoo Finance

Yahoo Finance's Zack Guzman and Kristin Myers discuss Natty Light's latest donation with Lindsey Bell, CFRA equity and fund research investment strategist.

Sias chief calls for answers as Hyflux debt revamp drags on  The Straits Times

Investors looking forward to Hyflux's second round of town hall meetings today may have to wait a little longer before a detailed survival plan is laid out.

Big borrower Foxtel calls in banks as debt deal looms  The Australian Financial Review

Pay-TV giant Foxtel is considering a return to the United States capital markets, as part of a refinance of its wider debt stack. Street Talk understands Foxtel ...

Developers Promised Jobs & Growth But Elwood Got Debt  1340 WJOL

An in depth report in The New Republic studied the effects of Elwood being the largest inland port in North America. Alexander Sammon joined the Scott Slocum ...

Don't let Instagram envy get you into debt: opinion - Tech News  The Star Online

The friends making you jealous on Instagram may not actually be able to afford the vacations they post about.

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 ...