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Debt News

'We won't fix it, we'll take more debt': Pak minister on collapsing economy

Pakistan's Minister of Interior Mohsin Naqvi criticised the country's repeated reliance on borrowing instead of addressing the underlying issues.

Updated 2 days ago

Bengaluru man says he feels poor despite earning ₹2 lakh a month

The man said that even buying a shirt priced above <span class='webrupee'>₹</span>750 makes him anxious.

Updated 7 days ago

Techie earning ₹2 lakh a month says he’s ‘drowning in debt’, seeks advice

A techie admitted that he has almost no cash left in his bank account and no emergency fund.

Updated 10 days ago

Viral clip of US millionaire refusing father’s $55k request shocks Indians

The American woman called The Ramsey Show to talk about her dilemma.

Updated 18 days ago

‘Never get trapped in EMIs’: Man says avoid buying things beyond your means

A man warned against the EMI trap, saying debt could turn dreams into years of stress and compromise.

Published 19 days ago

'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 44 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 83 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 114 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 143 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 166 days ago

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

The US Treasury Department building in Washington, DC.

Published 167 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 170 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 193 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 210 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 229 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 332 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 361 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 383 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 388 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 397 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 397 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 410 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 416 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 419 days ago

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

Moody's downgraded US debt on Friday

Updated 442 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 446 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 483 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 491 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 492 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 511 days ago

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