S&P upgrades New York Times’ credit rating to ‘positive’
The Gray Lady got some good news on Tuesday — along with a warning. The good news was that Standard & Poor’s revised its ratings outlook for the New York Times to positive from stable and affirmed...
View ArticleState takes over credit union after taxi medallions tank
New York state on Friday took over a failing credit union that put nearly all of its money into loans for yellow-taxi medallions as Uber and similar services continue to gobble up much of the market....
View ArticleIf you have bad credit, you’re also bad at relationships
A single, three-digit number can predict whether your relationship will be filled with domestic bliss or fights and tears. You and your partner’s credit scores can predict how likely it is that your...
View ArticleBig banks tried to run my business into the ground: lawsuit
A group of big banks tried to wreck a New Jersey trucking company during the 2007 credit crisis, the founder claims in a $300 million Manhattan federal lawsuit. The banks undervalued assets, charged...
View ArticleIncreased credit card use fuels household debt
Americans are running up their credit card balances to levels that are nearing unsustainability, according to a new report. In fact, the study warns, total household debt is growing faster than...
View ArticleTech entrepreneur offers a new way to look at your credit ratings
Challenging the dominance of credit score incumbents like Equifax and Credit Karma, a California tech entrepreneur, Chad Swensen, has developed NEFT, which offers consumers a way to get a look at their...
View ArticleWhy millennials are such tough customers
Millennials may be attached to their phones, but they aren’t distracted customers. Compared with older generations, millennials — defined as those born between 1982 and 1994 — place more emphasis on...
View ArticleWill taxpayers be left holding the bag for student-loan deadbeats?
Taxpayers who got socked by the 2008 housing crash may soon have to pony up again — for student-loan deadbeats. Some 43 percent of Americans with government student debt are behind or not making...
View ArticleDear John: Credit monitoring could help protect widow
Dear John: On March 4, I received a letter from 21st Century Oncology addressed to my late husband. The letter stated that on Nov. 13, 2015, the FBI advised 21st Century that a third party may have...
View ArticleNew creditor steps up to block reorganization of Caesars
Just as Leon Black’s sweetened offer quieted the roar of one Caesars Entertainment creditor, a new creditor has stepped up to block the reorganization of the country’s No. 1 casino chain, The Post has...
View ArticleIf your mortgage rate goes up, blame interest rates
Dear John: I recently undertook the excruciating experience of trying get a mortgage. In doing so, I wasn’t quick enough to get my contract back before the election because of much foot-dragging. As I...
View ArticleS&P upgrades New York Times’ credit rating to ‘positive’
The Gray Lady got some good news on Tuesday — along with a warning. The good news was that Standard & Poor’s revised its ratings outlook for the New York Times to positive from stable and affirmed...
View ArticleHerbalife secures $1.45B line of credit
Herbalife has secured a $1.45 billion senior secured credit facility, The Post has learned. Under terms of the loan, the Los Angeles nutritional supplement company will be able to access $150 million...
View ArticleThe debt-bubble landmine Obama left for Trump
President Trump came in for much jeering when he told reporters he had “inherited a mess” from President Barack Obama. On the economy, though, Obama did indeed leave behind a hidden mess: a seemingly...
View ArticleWhy the Fed’s latest numbers are a reminder of 2008
The Federal Reserve said last week that Americans’ outstanding debt hit a record level in November. And judging from anecdotal evidence provided by retailers, December probably had a pretty good...
View ArticleMillennials feel crippled by debt
Forty-six percent of millennials feel their credit score is holding them back in life, according to a new survey. A study looking into the credit knowledge and experiences of 2,000 Americans found that...
View ArticleMichael Cohen-linked credit union faces another scandal
The Queens credit union at the heart of a federal fraud probe into ex-Trump lawyer Michael Cohen is mired in another scandal — its former CEO faces charges of using his position to land free luxury...
View ArticleFirst Fed stability report warns of ‘elevated’ asset prices
Tensions over trade, the turbulent Brexit discussions and trouble in China and emerging markets could rock a US financial system where asset prices are “elevated” and business credit quality may be...
View ArticleDon’t panic, but the Labor Department might access your credit report
Dear John: I recently reviewed my TransUnion credit report and learned Labor Secretary Alex Acosta had accessed my credit reports. Since I don’t work for Labor and I’ve not applied for credit from...
View ArticleApollo’s $20B Arconic bid hung up on credit worries: sources
A deal that was supposed to be the biggest leveraged buyout of 2018 has been delayed into next year by recent turmoil in the credit markets, The Post has learned. Billionaire Leon Black’s Apollo Global...
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