Have you ever witnessed your credit score drop despite making timely credit card and loan repayments? Your credit score is determined by several factors apart from your repayment history. Your FICO credit score ranges from 300 to 850 and is checked by lenders when you apply for a loan, credit card, or mortgage. A score … Read more
Since the pandemic, the second-largest economy in the world, China, has been facing a prolonged market slump and a real estate crisis which have thwarted its attempts at a robust economic rebound. However, while China navigates dynamic geopolitical landscapes, many of its citizens in debt face various limitations in their day-to-day activities. According to The … Read more
As a senior manager at a pharmaceutical firm, Angela Bolt’s student loans began at $34,000, but have grown to an overwhelming $528,152 over the years. In a BBC interview, she expressed her disbelief, saying, “The numbers are so real and astronomical that I can’t even fathom making a payment.” As of early 2023, Bolt’s monthly … Read more
Red Lobster is reportedly weighing a possible Chapter 11 bankruptcy filing in order to restructure its mounting debt. The seafood restaurant chain — which has 649 locations nationwide — has sought advice from law firm King & Spalding on how to shed some long-term contracts and renegotiate a chunk of its leases, people with knowledge … Read more
Cassandra, 40, was in for a shock debt reveal when she asked her husband, Aldo, 41, about their debt liabilities. Aldo, who works in a finance role and earns over $100,000 annually, said the debt amounted to over half a million dollars with $66,000 in collections due to months of missed payments. Cassandra and Aldo … Read more
Three years ago, Blaisey Arnold, 28, bought her dream car, a Chevy Tahoe, for $84,000. Recently, she shared on TikTok that she was selling the car as the finances weren’t making sense anymore. Arnold’s car, financed by GM Financial, a subsidiary of General Motors, came with a hefty price tag. Over three years, she paid … Read more
Your first credit card is a significant step towards financial independence. While it’s relatively easy to obtain one with a job, it’s crucial to understand that it’s equally easy to accumulate debt rapidly. However, by using your credit card wisely, such as maintaining a low credit utilization and making timely repayments, you can actively build … Read more
BEIJING: Ratings agency Fitch said on Wednesday (Apr 10) it had downgraded China’s sovereign credit outlook to negative, citing increased risks to the country’s public finances, in a move Beijing swiftly called “regrettable”. Chinese officials have struggled for months to kickstart economic growth as they battle a range of headwinds, particularly a prolonged property sector … Read more
Humphrey Yang is a former Financial Advisor and YouTuber with an estimated net worth of $2 million. Yang profits from his nine passive sources of income, including his Patreon page, real estate, content writing, stocks, Turo car rentals, digital marketing, and cryptocurrency staking. As a finance influencer, Yang predominantly uses his TikTok platform, which boasts … Read more
New Delhi: Congress leader Priyanka Gandhi Vadra slammed the BJP-led Centre on Saturday over its proposal to borrow more than Rs 14 lakh crore, asking why is the government “drowning the people in debt” when instead of relief being provided to them, the “burden of unemployment, inflation and economic crisis” is increasing. In her budget … Read more
