Tags » Debt

Can They Do That!? Illegal Tactics of Debt Collectors

It’s important to know that, even if you are indebted to a creditor (or several), that you still have rights. If you borrowed money from a creditor or lender, and that loan has fallen into default, you may be contacted by a… 765 more words


What Will Sink the US Auto Boom? by Wolf Richter

The auto industry’s latest successes are built on a shaky foundation of debt (debt is always a shaky foundation). From Wolf Richter at wolfstreet.com:

It’s already in the works and goes far beyond subprime. 531 more words


Why China Is Being Flooded With Oil: Billions In Underwater OPEC Loans Repayable In Crude, by Tyler Durden

Here’s one of the dumber borrower schemes out there, and a bunch of clueless governments in oil producing countries are at the heart of it: borrow money and agree to pay back the equivalent amount in barrels of oil, not using the market value of oil at the time the deals are struck, but at the time the loans must be repaid. 484 more words


Is Unpaid College Tuition Dischargeable in Bankruptcy?

Unless you’ve been living under a rock for a significant stretch of time, you probably already know that student loans are very challenging to discharge via chapter 7 bankruptcy. 555 more words


We're in the Eye of a Global Financial Hurricane, by Charles Hugh Smith

You can buy growth with debt for awhile, but then you have to pay it back. From Charles Hugh Smith at oftwominds.com:

The only “growth” we’re experiencing are the financial cancers of systemic risk and financialization’s soaring wealth/income inequality. 490 more words


One-Third Of China’s Real Estate Companies Are Debt Zombies, by Joyce Ho

China has too much debt, which can only be resolved in the usual painful ways. From Joyce Ho of asia.nikkei.com:

HONG KONG — As China’s economy continues to sputter, many local companies are having difficulty servicing their debts. 408 more words


Why The Flyover Zone Is Hurting——–Bubble Finance Is Strictly For The Bicoastal Elites, by David Stockman

Even if you don’t like Donald Trump or Bernie Sanders, it should be no great mystery why they have done so well in their presidential primaries. 476 more words