Tag #Debt

bbc.com
🌐 75% Global Worthiness
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HMRC Cuts Off 43,690 Customers, Faces Criticism Over Poor Phone Service and Rising Uncollectable Debt

HMRC's phone system cut off 43,690 customers after 70-minute waits in 2023-24 due to high call volume, prompting criticism from MPs over poor service and a £5 billion increase in uncollectable debt; HMRC denies claims of deliberately poor service.

Progress

56% Bias Score

Reduced Inequality
mk.ru
🌐 75% Global Worthiness
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Unpaid Utilities in Russia: Penalties, Service Cutoffs, and Potential Evictions

In Russia, overdue utility bills result in penalties from day 31, service cutoffs after two months (except heating/water), and potential court actions leading to asset seizure, travel bans (over 30,000 rubles debt), and eviction for social housing tenants after six months of unpaid bills.

Progress

32% Bias Score

Reduced Inequality
cbsnews.com
🌐 85% Global Worthiness
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Biden's Economic Legacy: Strong Growth Amidst Inflation and Inequality

President Biden leaves office with the U.S. economy showing strong growth and low unemployment, but facing high inflation and record wealth inequality, leaving behind a national debt of $36.2 trillion.

Progress

36% Bias Score

No Poverty
kathimerini.gr
🌐 75% Global Worthiness
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Greece Raises €4 Billion in 10-Year Bond Issuance

Greece raised €4 billion through a 10-year bond issuance on January 15th, 2025, with bids totaling €40.5 billion and an interest rate of 3.6%, strategically timed to avoid market uncertainty and benefit from positive credit rating trends.

Progress

36% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Home Equity Loans Offer Significant Savings Over Credit Cards in 2025

As of January 13th, the average credit card interest rate was 22.80%, significantly higher than the 8.43% average home equity loan rate, offering homeowners a cheaper alternative for borrowing large sums (near $320,000 on average).

Progress

56% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Medical Debt Removal from Credit Reports

The Biden administration finalized a rule to remove an estimated $49 billion in medical debt from the credit reports of about 15 million Americans, impacting credit scores and loan decisions, starting in 2025.

Progress

40% Bias Score

Reduced Inequality
lemonde.fr
🌐 85% Global Worthiness
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EU Approves France's Revised Budget, Projecting 5.4% Deficit in 2025

On January 20th, the European Commission approved France's revised budget, projecting a 5.4% deficit in 2025 but maintaining the goal of a deficit below 3% by 2029; this follows a government change and aims to address France's high debt.

Progress

48% Bias Score

Reduced Inequality
welt.de
🌐 85% Global Worthiness
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France's Political Instability Triggers Economic Crisis

France's political instability, marked by four prime ministers in a year and a deeply divided parliament, is causing economic woes, with record-high national debt and an unpassed 2025 budget, threatening social and economic stability.

Progress

64% Bias Score

Decent Work and Economic Growth
dw.com
🌐 75% Global Worthiness
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Bankrupt Russian Media Mogul Vladimir Gusinsky Owes Over \$7 Million

Former Russian media magnate Vladimir Gusinsky, once worth \$400 million, declared bankruptcy in a Connecticut court on January 1, 2025, owing over \$7 million to more than 10 creditors, including Alexander Zheleznyak and Leonid Nevzlin, with assets under \$6 million.

Progress

40% Bias Score

Reduced Inequality
t24.com.tr
🌐 75% Global Worthiness
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SGK Rejects Ankara Municipality's Property Offer Due to Legal Restrictions

The Social Security Institution (SGK) rejected Ankara Metropolitan Municipality's (ABB) offer of 572 properties, including the Anafartalar Market, as collateral for debt repayment due to existing liens totaling approximately 3 million Turkish lira on properties valued at 1.193 billion Turkish lira, ...

Progress

52% Bias Score

Reduced Inequality
elpais.com
🌐 75% Global Worthiness
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Spanish Football's Financial Crisis: From Debt to Stricter Controls

Spanish football's financial crisis in the late 20th century, stemming from overspending and failed government support, was addressed by Javier Tebas's 'Economic Plan' in 2013, leading to stricter financial controls and improved stability, yet also causing recent tensions.

Progress

64% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Star Entertainment Faces Imminent Financial Collapse

Star Entertainment, Australia's major casino operator, faces potential administration due to critical cash shortage ($79 million remaining, $35 million monthly burn rate), despite a recent $100 million emergency loan. The company needs to secure additional funding and meet stringent conditions, incl...

Progress

48% Bias Score

Decent Work and Economic Growth