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Debt News

'We are barely staying afloat': 21-year-old shares parents’ ₹70 lakh debt story

A 21-year-old’s Reddit post reveals his family’s <span class='webrupee'>₹</span>70 lakh debt.

Published 24 days ago

Indian-American donor stuns NC State graduates by paying off final-year loans

Anil Kochhar promised loan wipe-off in honour of his father, Prakash Chand Kochhar

Updated 63 days ago

Indian woman in the US reveals how she cleared $100,000 student loan in one year

An Indian woman revealed she cleared a $100,000 education loan in one year with discipline, support, and strong financial focus.

Published 94 days ago

Industrial, agri revolution need of the hour: Chugh

Punjab is under debt and certainly not in sync with the nation’s progress, Bharatiya Janata Party (BJP) national general secretary Tarun Chugh said on Wednesday, adding that agricultural revolution is the need of the hour.

Published 123 days ago

Man rejects 7 LPA campus job for US Masters, ends up with ₹40 lakh loan

A man recounted how a friend skipped a 7 LPA offer to study in the US, faced job struggles.

Published 146 days ago

US govt collecting public donations to reduce $38 trillion national debt?

The US Treasury Department building in Washington, DC.

Published 147 days ago

Texas woman cosigned $10K bike loan for ex who vanished. How to protect credit?

Irrespective of whether a person is a cosigner, a loan repayment default will impact their credit score as well. Image for representational purposes.

Published 150 days ago

AAP pushing state towards financial emergency: SAD

NK Sharma said besides being declared bankrupt, the state would not be able to even pay salaries to its employees. (HT Photo for representation)

Published 173 days ago

17-year-old son pays off mother's ₹12 lakh debt, emotional video wins internet

Social media users praised the teenager’s love and gratitude for his mother.

Published 190 days ago

Latur man fakes own death, kills another for ₹1 crore insurance payout

Cops further added that Chavan picked up 50-year-old Govind Kishan Yadav who had sought a lift till Ausa Fort in an inebriated condition.

Updated 209 days ago

‘Went from ₹40,000 to ₹1.3 lakh’: Man says he's ‘broke’ despite salary jump

Despite a salary jump, the man said he feels stuck in the “middle-class trap".

Published 312 days ago

36-year-old man dies by suicide after killing his 3 daughters in Tamil Nadu

A 36-year-old man died by suicide after murdering his three daughters with a sickle on Monday night in Tamil Nadu’s Namakkal district (File photo)

Published 341 days ago

25-year-old man dies by suicide in Ambernath

"The two most replicated, robust factors linked to suicide are economic change — downturn — and social disconnection," says Dr. Roger McIntyre, professor of psychiatry at the University of Toronto. And both factors, he notes, are major hallmarks of the COVID-19 pandemic. (Getty Images)

Published 363 days ago

UP man ends life on FB live after teary appeal: ‘Can't afford kid's insulin'

In an emotional appeal, the man said he could no longer bear the pressure of outstanding debts.

Published 368 days ago

Woman uses ChatGPT to slash ₹10 lakh credit card debt in 30 days

Allan thought of using AI to give her the “momentum” to pay off the credit card debt.

Published 376 days ago

Sharp rise in India's per capita debt of individual borrowers in last two years

The report also flagged a concerning trend of increasing loan-to-value (LTV) ratios.

Published 377 days ago

Elon Musk's xAI to raise $5 billion despite weak investor demand

Apart from selling debt, xAI has also been in talks to raise about $20 billion in equity.

Published 390 days ago

35-year-old man rejects work and marriage, lives alone in cave: 'A waste of time

Min Hengcai exchanged his land with a fellow villager to gain access to a cave nearby where he now lives.

Updated 396 days ago

Pakistan's debt increases to PRs 76,000 billion

Finance Minister Aurangzeb placed Pakistan’s recovery within the broader global context, noting that the global GDP growth has reached 2.8 per cent.

Published 398 days ago

Moody’s downgrades US credit ratings from AAA to AA1: What does it mean?

Moody's downgraded US debt on Friday

Updated 422 days ago

‘Over $100,000 loan, working at McDonald’s: Student says he’s ‘exhausted, broke’

The student shared that despite applying for jobs many times, he still doesn't even get a revert.

Published 425 days ago

Artist repays parents’ ₹23 crore debt through teaching calligraphy

In 2017, Chen left France and returned to China after his family's factory closed.

Updated 463 days ago

Indian man burdened with ₹40 lakh loan after failing to land a job in US

An Indian graduate shared his US education loan struggle on Reddit.

Published 470 days ago

42-year-old salaried man struggles with ₹62 lakh debt after stock market losses

Despite earning <span class='webrupee'>₹</span>1.5 lakh monthly, he said EMIs take up most of his salary.

Published 472 days ago

As Tata Steel cuts jobs in Welsh town, an actor pays off 900 people's debts

Michael Sheen writes off £1 million worth of debt of 900 people.

Published 491 days ago

Trump wants to kill $52.7 billion semiconductor chips subsidy law

President Donald Trump stated that U.S. Congress ought to repeal a historic 2022 bipartisan law that provides $52.7 billion in subsidies for the creation and manufacturing of semiconductor chips, with the money raised going towards debt repayment.

Published 495 days ago

US removing unpaid medical bills from credit reports| All you need to know

The US government agency's new rule bans all outstanding medical bills from appearing on credit reports. (Representative Image)

Published 551 days ago

US woman says Indian students doing masters in US are falling for a scam

A Reddit user, a 26-year-old American woman, shared concerns about Indian students pursuing Master's degrees in US.

Published 604 days ago

China unveils new ‘hidden debt’ scheme for local governments

Policymakers approved a proposal to swap six trillion yuan ($840 billion) of hidden debt belonging to local governments for official loans with more favourable terms.

Published 610 days ago

Biden approves $4.5 billion in student-debt cancellation for 60k public servants

Borrowers eligible for the latest round of relief are expected to see their debt cleared in the coming days and weeks

Published 634 days ago

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