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7 mins read
The dark truth behind RBI’s crackdown on easy personal loans
The Reserve Bank of India tightened capital norms for lenders disbursing unsecured loans to unsuspe…
8 mins read
These student-loan borrowers qualify for debt cancellation through the government, but they're struggling to get the same relief on their private balances: 'I feel so defeated. I feel trapped.'
Biden forgave student loans for borrowers who went to schools accused of fraud. Private borrowers a…
Ayelet Sheffey
2 mins read
78,000 student-loan borrowers in public service are getting $6 billion in debt wiped out after facing 'logistical troubles and trap doors'
Biden will also email an additional 380,000 student-loan borrowers in public service to inform them…
Ayelet Sheffey
3 mins read
Want to feel better about your finances? Do these 5 things right now!
Whether it is health, relationships or finances, each of these plays a very important role in our l…
2 mins read
A major student-loan company is 'improperly' rejecting some borrowers for debt cancellation they qualify for, 18 Democratic lawmakers say
Sen. Elizabeth Warren is leading her colleagues in asking student-loan company Navient for answers …
Ayelet Sheffey
2 mins read
Dollarization is the only way out for Argentina from its deepening debt trap, top economist Steve Hanke says
The top economist's comments as the South American nation struggles with a collapsing currency, tri…
Zahra Tayeb
2 mins read
Vacations, planes, and high-speed trains are off limits if you're in too much debt in China
So-called deadbeat debtors are stigmatized, face travel restrictions and have trouble getting gover…
Camilo Fonseca
1 min read
In Pakistan, millions are trapped in modern-day slavery at brick kilns, working dangerous jobs to pay off snowballing debts
Bilawal Bhatti and Maqbool Ahmed
Isaiah Reynolds,Olivia Nemec,…
3 mins read
Gen Xers should be thriving. Instead, they're drowning in debt.
Gen X is the forgotten middle child of generations. And, like other middle children, they might be …
Juliana Kaplan
11 mins read
Generation Precarious: How young people wound up trapped in a volatile cycle of saving, spending, and debt that will haunt them for decades
The whiplash of scarcity and splurging during the pandemic is going to reshape the economy — and ou…
Juliana Kaplan
3 mins read
Neck deep in debt? Here’s how some companies are helping habitual borrowers consolidate their loans
There were creditors coming home and harassing him. That’s when he came across the contact of a …
5 mins read
Investment FOMO? Here’s why you shouldn’t fall for the comparison trap
Ahmedabad-based Pranav Jain found out when talking to a colleague that the colleague was investing …
5 mins read
Here why it’s best to stay away from these loans than fall into debt trap
Do you like having high-end phones, expensive gadgets and feel good about it among the crowd even i…
2 mins read
China's economy is trapped in a downward spiral that authoritarian regimes are doomed to repeat
Like other authoritarian regimes, China's economic development is following a predictable pattern, …
Filip De Mott
3 mins read
Inaccurate medical bills are trapping Americans in a 'doom loop' costing them $88 billion last year, Biden's top consumer watchdog finds
Some of the $88 billion in medical debt that landed on consumers' credit reports last year weren't …
Ayelet Sheffey
4 mins read
Meet a man with $47,000 in student debt who's been trapped in a student-loan repayment 'bureaucracy nightmare' for nearly 3 decades without the debt cancellation he was promised
Jason Harmon qualified for student-loan forgiveness 2 years ago — but his paperwork is missin…
Ayelet Sheffey
1 min read
Argentina should avoid dollarization as it can trap the country in Ecuador-like economic morass, one economist says
"Some in Argentina romanticize Ecuador's dollarization. Reality is different," IIF's chief economis…