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Saks in talks for $1 billion loan to keep doors open: report

admin January 5, 2026 0 Comments

Saks Global Enterprises is in talks to secure a loan of about $1 billion as it prepares for a possible Chapter 11 bankruptcy filing in the coming weeks, Bloomberg News reported on Sunday, citing people familiar with the matter. The luxury retailer missed a $100 million interest payment due Dec. 30 and is negotiating a forbearance […]

Millions of Student Loan Borrowers Are Behind on Payments

admin April 21, 2025 0 Comments

After a five-year pause on penalizing borrowers for not making student loan payments, the federal government dropped the hammer. It instructed its loan servicers to start reporting late payers to credit bureaus at the start of the year. The result: Millions of borrowers saw their credit scores plunge in recent months, and loan servicers are […]