The unraveling of First Brands, a midsize auto-parts maker, is exposing hidden losses at international banks and “private credit” lenders.
Category: Credit and Debt
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How ‘Buy Now Pay Later’ Built a New Culture of Consumption
‘Buy Now, Pay Later’ built a delirious new culture of consumption — and trapped users in a vortex of debt.
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Fears of Economic Turmoil Deepen in France as Another Prime Minister Quits
The surprise resignation of Sébastien Lecornu after less than a month in office intensified concerns that France would be unable to tackle its enormous debt pile.
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Some Workers Are Turning to Pay-Advance Apps for Basic Expenses
Rising use “is not a signal of satisfaction,” an author of a new report says. Rather, heavy users of the apps are under “financial strain.”
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What Travelers Need to Know about Delaying Vacation Payments with B.N.P.L.
The pros and cons of buying travel on a layaway plan.
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Argentina’s President Vowed to Fix Its Economy. Then Came a Crisis.
President Javier Milei slashed inflation and spending, but it wasn’t enough to stave off an economic crisis. President Trump has offered him a lifeline.
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Trump Wades Into Bailout Politics in Offering a Lifeline to Argentina
A $20 billion loan to support Argentina’s president, Javier Milei, could come with economic and political risks.
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Those Missed Student Loan Payments Are Messing Up Your Credit Score
A new report finds that scores dropped the most for those age 18 to 29. Here’s how to deal with a drop in your score.
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What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More
Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
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The Long-Term Unemployed Today? College Grads.
For years, only a small portion of the people experiencing long spells of joblessness were college graduates. That’s starting to change.
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How People Are Using ChatGPT for Financial Advice
More people are turning to generative A.I. chatbots for financial advice, whether it’s for debt management, better saving strategies or stock picks.