Struggling travel firm Thomas Cook flies into turbulence over the sale its £1.6bn debt pile The value of the firm’s debt dropped to less than two thirds of its original value This implies there are doubts over the firm’s ability to pay them back Some of its debt has been sold to City investors as company … Read more
Britain’s leading economic think-tank sounds alarm on household debt, warning many will be unable to pay it off By Daily Mail City & Finance Reporter Published: 21:55 BST, 24 April 2020 | Updated: 21:55 BST, 24 April 2020 Britain’s leading economic think-tank has sounded the alarm on household debt, warning many will be unable to … Read more
‘Britons born before 1999 could get debt relief’. Next to a picture on social media app Snapchat of Ryan Reynolds teasing news about upcoming superhero film Deadpool 3, is this ‘sponsored’ post with its own teaser: that you can write off your debts. All you need to do is take a free 60 second quiz, … Read more
At the end of March, debt charity StepChange reported it had experienced the busiest days in its history over the previous three weeks, even busier than during the financial crisis. Britons are looking for help with their finances in record numbers as the coronavirus pandemic and the lockdown of the country has seen huge numbers … Read more
IMF warns countries including the UK are facing a ‘massive’ rise in debt due to the Covid-19 outbreak By Ruth Sunderland for the Daily Mail Published: 22:06 BST, 15 April 2020 | Updated: 22:36 BST, 15 April 2020 Countries including the UK are facing a ‘massive’ rise in debt due to the Covid-19 outbreak, the … Read more
Pakistani PM Imran Khan warns MORE people in developing countries will starve under coronavirus lockdowns than will be killed by the disease as he urges western governments to waive debt repayments Pakistan has recorded 5,183 infections, with 88 deaths, so far in the pandemic Its already-struggling economy has been hit hard by the nationwide lockdowns … Read more
Graduates are now leaving university with debts so high they are unlikely to ever pay them off — perhaps even if they go straight into a job paying £48,000. The cost of getting a degree now lumbers students with a colossal average debt of £50,000, and high interest rates mean most won’t pay it back … Read more
The Financial Conduct Authority today brought in measures to help people struggling with their finances as a result of coronavirus. Fee-free overdrafts of up to £500 will be available to everyone, customers will be able to borrow more than this if needed, and those with outstanding loans and credit card debts will be offered three-month … Read more
Back in early January, when corona was just a mediocre beer, the Bank of England published something odd. For the first time in six-and-a-half years, people paid back more than they borrowed on credit cards. And as unusual as the statistic itself was the bank’s reaction to it. ‘The extra amount borrowed by consumers in … Read more
‘I was crying, collapsed on the ground and he found me’: Em Rusciano reveals the extraordinary moment Rob Mills paid off $30,000 of her bills after she’d split with her husband and didn’t have a cent to her name By Ali Daher For Daily Mail Australia Published: 02:36 BST, 7 April 2020 | Updated: 06:08 … Read more