Debt is often treated as a bad word though taking out loans and swiping credit cards is commonplace and unavoidable for most households across the country. However, not all debt is “bad” debt.

When a lender charges off an account as bad debt, it means it no longer intends to try to collect payment on it. This usually happens after the lender has tried to get a payment from a borrower ...

Good debt is borrowed money that can help you build wealth, while bad debt hampers your financial goals. The interest rate on good debt tends to be lower, versus bad debts that tend to have high ...

However, for the full benefit to percolate to net profit, a tighter control on asset quality and lower bad debt costs will be needed. The company’s stage 3 loans (similar to NPA norms for banks ...

MANILA, Philippines — The share of bad loans in the Philippine banking system held steady in February despite a slight uptick in soured debts, as banks continued to expand their lending ...

Lending giant Lloyds Banking Group has reported a fall in profits as it set aside more money for bad debts amid economic uncertainty due to the global trade tariff war. The group reported pre-tax ...

MANILA, Philippines – The ratio of bad debts to total loans held by Philippine banks was steady in February, as the local financial system slowly started to feel the impact of the previous ...

A suburb in Prime Minister Anthony Albanese’s electorate has one of the highest “bad debt” levels in the country. See the postcodes where credit card debt continues to skyrocket. New data ...