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News Articles: debt

 The island of Matlacha in Florida was devastated by Hurricane Ian in 2022. Many residents who rented homes were displaced, and are still suffering financially years later.

Tagged as: 

  • Climate

Do you rent? You may be more vulnerable to climate-driven disasters

The financial cards are stacked against many renters who survive hurricanes, floods, wildfires and other major weather disasters. The long-term effects can be devastating.

July 31, 2024
|
By:
  • Rebecca Hersher
Bond yields remain high this year after a miserable 2022 in debt markets. That's raising borrowing costs such as interest rate payments for credit cards.

Tagged as: 

  • Business

Why the sell-off in bond markets could impact you

The bond markets are being hit hard by the Fed's aggressive rate hikes and recent events including a downgrade of the country's ratings. These are three ways in which that could impact the U.S.

August 11, 2023
|
By:
  • David Gura
A vendor in a market in Nigeria counts local bills. The country is one of dozens whose devalued currency is fueling a debt crisis.

Tagged as: 

  • Global Health

A dilemma for dozens of countries: Fund your schools and hospitals or pay your debt

There's a looming debt crisis in many lower income countries. Low interest rates a few years back started the cycle. Then came a series of once in a generation shocks. Is there a solution?

May 23, 2023
|
By:
  • Nurith Aizenman
Large numbers of workers from different sectors protest against inflation and in favor of higher wages in Buenos Aires, Argentina, on Aug. 17, where inflation has soared.

Tagged as: 

  • Economy

An economic perfect storm is battering emerging markets. Debt crises loom

With a strengthening dollar and rising commodity prices, developing nations are having a hard time paying their debts.

September 02, 2022
|
By:
  • Jason Beaubien
After years of carrying medical debt from the premature birth of her daughter, Terri Logan recently discovered a nonprofit called RIP Medical Debt had paid off her bills.

Tagged as: 

  • Health Care

This group's wiped out $6.7 billion in medical debt, and it's just getting started

Nonprofit RIP Medical Debt buys up unpaid hospital bills plaguing low-income patients and frees them from having to pay.

August 17, 2022
|
By:
  • Yuki Noguchi
A man walks past a currency exchange office in central Moscow on Feb. 28. The U.S. and its allies have imposed severe economic sanctions on Russia since its invasion of Ukraine.

Tagged as: 

  • Business

3 things to know as Russia heads to a historic debt default

Events over the past week have brought Russia precariously close to its first default on foreign debt since the Bolshevik Revolution over a century ago.

April 12, 2022
|
By:
  • David Gura
Georgia gubernatorial Democratic candidate Stacey Abrams talks to the media after qualifying for the 2022 election on Tuesday, March 8, 2022, in Atlanta. Abrams has become a millionaire. A disclosure filed in March shows the candidate for governor is worth $3.17 million, thanks mostly to book and speaking income. Abrams was worth $109,000 in 2018 when she first ran for governor.

Tagged as: 

  • News

Stacey Abrams reaches millionaire status before 2nd campaign

Georgia Democrat Stacey Abrams has become a millionaire. A disclosure filed in March shows the candidate for governor is worth $3.17 million, thanks mostly to book and speaking income.

April 05, 2022
|
By:
  • Associated Press
A woman walks past a display showing currency exchange rates of the U.S. dollar and the euro against the Russian ruble in Moscow on Feb. 22. Russia owes over $100 million in interest payments for two bonds on Wednesday as fears grow that the country will default on its debt.

Tagged as: 

  • Business

Fears are growing that Russia will default on its debt. Here's what you need to know

Russia owes interest payments on two dollar-denominated bonds on Wednesday. If it doesn't pay, the country could go into default.

March 16, 2022
|
By:
  • David Gura
Nearly 40% of student loan payers are helping someone else pay off their student loans, a new study found.

Tagged as: 

  • Business

'A Family Affair': Others Often Chip In To Help Pay Off Student Loans

Student debt doesn't only affect the person who goes to college. Nearly 40% of student loan payers are helping someone else pay off their student loans, a new study found.

October 01, 2020
|
By:
  • Adedayo Akala
Savannah is owed about $6.5 million in overdue water bills and has hired a debt collector to help reel in the delinquent payments.

Savannah Hopes To Recover $6.5M In Unpaid Water Bills

Savannah is owed about $6.5 million in overdue water bills and has hired a debt collector to help reel in the delinquent payments.

September 25, 2019
|
By:
  • Associated Press

For Profit College Closures Affect Four Georgia Cities

The parent company of one of the nation’s largest for-profit college chains has abruptly closed all its campuses, including four in Georgia. Education...

March 07, 2019
|
By:
  • Grant Blankenship

Georgia's Bad Credit Score

Thinking of getting a new credit card or buying a house? Your credit score can determine those things, and a whole lot more. A new report puts Georgia...

May 16, 2017
|
By:
  • Celeste Headlee and
  • Whitney Chirdon
Tom Barrett of Augusta, Georgia returned to a convenience store where he stole a can of beer. He spent time in jail, not for the crime, but because he couldn't afford the fines and fees that went along with wearing an electronic monitoring device.

Could Change In Law Mean End To Debtors' Prisons?

In Georgia, county courts have contracted with private probation companies to collect fines from offenders. People are sometimes jailed for not being...

May 16, 2017
|
By:
  • Celeste Headlee and
  • Sean Powers

Making Your Kid A Money Genius

A recent report from the federal Consumer Financial Protection Bureau shows Georgia leads most states in harassment by debt collectors . Often these are...

February 09, 2017
|
By:
  • Celeste Headlee and
  • Sean Powers

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