Kenyan borrowers struggle to hang onto their assets as auctions heat up. A severe drought earlier this year, a slowdown in bank lending, and a prolonged period of political uncertainty are creating a growing pool of distressed borrowers whose assets are being seized by newly aggressive lenders in the east African powerhouse.
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Tales of indebted students being driven to suicide have become commonplace in China in recent years, sparking public outrage. Samantha Vadas reports. Continue reading
Nearly half of the United States has been impacted by a massive cyber security incident at one of the three largest credit agencies in the country. Continue reading
Millennials shun any kind of debt, especially credit cards, and their reluctance to pull out the plastic could have lasting repercussions for the financial system and the economy, according to an expert.