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S&P frets over Gibson Guitars' debt problem
S&P and Moody's both put out reports last year expressing concerns about Gibson's ability to refinance the debt or pay it off. Moody's issued a Caa3 rating for Gibson, which it describes as a "substantial credit risk" with a capital structure that is ...

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1 in 5 Americans have more credit-card debt than savings ...
One in five Americans say they have more credit-card debt than they do in emergency savings, according to a report published Thursday from the personal-finance company Bankrate. Another 12% said they had no credit card debt, but they also had no ...
Savings: 33% do not have more emergency fund than credit card debtUSA TODAY

all 3 news articles »


Seychelles swaps debt for groundbreaking marine protection
ABC News
With deep blue waters, white sand beaches and rich marine life, the tiny island nation of the Seychelles is announcing a pioneering marine conservation plan as part of a debt swap deal with creditors. In an agreement described as the first of its kind ...
Seychelles preserves swathes of marine territory in debt-for-nature dealReuters
Debt for dolphins: Seychelles creates huge marine parks in world-first finance schemeThe Guardian
The Seychelles creates debt-for-conservation deal with Leonardo DiCaprioInhabitat
all 19 news articles »

Money Magazine

A Shocking Number of Americans Now Owe at Least $50000 in Student Debt—and Many Aren't Paying It Down
Money Magazine
Many of the millions of student loan borrowers with unusually high balances aren't paying back their debts, a new analysis from researchers with the Brookings Institution shows. Of the more than 40 million Americans who have student debt, 6 million ...

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He can afford to pay off his student debt faster. But should he?
I save at least 18% of each paycheck for retirement and only pay the minimum on my student loan balance. If I have money left over at the end of a pay period should I invest it or pay more on my student loan? -- Joe. At the core of Joe's question is a ...

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Anglo American doubles profit, slashes debt
Buoyed by booming commodity prices and lower costs, Anglo American PLC doubled its net profit for 2017, slashed debt and said it would pay its highest dividend in a decade. The strong results for Anglo American mark a decisive turnaround from two years ...
UPDATE 2-Reshaped Anglo boosts earnings, cuts debtReuters
Anglo American slashes debt after bounce in commodity pricesFinancial Times
Anglo American 'shows off' — doubles profits, halves debt, pays highest divvy in a
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The Intercept

Citigroup Drove Puerto Rico Into Debt. Now It Will Profit From Privatization on the Island.
The Intercept
“Citi will advise the Board on PREPA's privatization,” the Fiscal Control Board wrote in a statement, “as well as the restructuring of PREPA's debt pursuant to Title III proceedings in federal bankruptcy court. Citi will take the lead in identifying ...
In Puerto Rico, a skirmish over how much debt the bankrupt island can handleVirgin Islands Daily News

all 96 news articles »

Debtors' prison: ACLU report details 'criminalization of private debt ...
Americans' reliance on household debt ─ and poor people's struggles to pay it off ─ has fueled a collection industry that forces many of them into jail, a practice that critics call a misuse of the criminal justice system. The accusation is ...
U.S. Courts Jailing Thousands over Civil Debts 'Without Due ...Newsweek
ACLU Release Research on Arrest Warrants for Private
The ACLU just proved that our courts are being manipulated by private debt collectorsSalon
AlterNet -RT
all 11 news articles »

NBC 5 Dallas-Fort Worth

NBC 5 Pays Off $2 Million in Medical Debt for North Texans
NBC 5 Dallas-Fort Worth
NBC 5 Pays Off $2 Million in Medical Debt for North Texans. NBCUniversal purchases $15 million in medical debt nationally, with about 2,000 North Texas familes seeing medical debt forgiven. By Samantha Chatman. Published at 5:47 AM CST on Feb 22, 2018 ...

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ACLU (blog)

Debt Collection Companies Have Hijacked the Justice System
ACLU (blog)
Denise Zencka, a mother of three in Indiana, had to file for bankruptcy because she couldn't afford to repay her bills for treatment for thyroid cancer. And because she was unable to work, she had to stay with her parents in Florida while she recovered ...

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