NEW YORK, NY / ACCESSWIRE / May 4, 2023 / iQuanti: Debt consolidation is the process of merging two or more smaller debts into one large debt. This is typically done with a debt consolidation loan or low-interest credit card. These types of loans can be found at traditional banks, credit unions, and online lenders.…
Say youre struggling to pay off your credits cards which is already difficult with high interest rates and you hear about a company that promises to reduce or eliminate your credit card debt for a fee. Sounds great, right? But how can you tell if that offer is legitimate or a scam? The FTC recently…
If you have multiple sources of debt, like several credit cards or medical bills, managing all the monthly payments can be a lot of work and thats before you factor in how much interest youre paying on that debt. However, there may be a way for you to streamline your payments and pay less in…
The recent outbreak of high inflation means millions of Australians with student loan debts are facing a 7.1% increase in June. This is because Help debts (and Hecs, and some other student loans) are re-indexed every financial year using a formula based on the cost of living index. Relatively recent changes to the Help repayment…
A group of experts from the Boston University Global Development Policy Center, Heinrich-Bll-Stiftung, and the Centre for Sustainable Finance, School of Oriental and African Studies (SOAS) University of London, published a report outlining concrete proposals on how to restore debt sustainability and mobilize resources to achieve shared development and climate change goals. The report titled,…
China on Monday urged the United States to earnestly shoulder its responsibilities and make greater efforts to address debt issues in African countries. Chinese Foreign Ministry Spokesman Wang Wenbin made the call at a press conference in Beijing when responding to accusations from some U.S. and World Bank officials that China is an obstacle in…
Sky-high inflation, turbulent markets and ballooning interest rates have made life tough for consumers. To wit: Half of Americans reported that they are financially worse off now compared to last year, according to a recent Gallup poll. Debtholders, thanks to higher borrowing costs, have had it particularly rough. If your red ink has become overwhelming,…
(MENAFN– Bazoom Group) Being in financial trouble can be an intimidating and most times, overwhelming experience. Not only could it take a toll on your mental health, but it can affect your ability to make important life decisions. Fortunately, there are debt relief programs available that can help you get out of debt and start…
WASHINGTON — President Joe Biden’s student loan agenda would be all but obliterated by the U.S. debt legislation passed by House Republicans, dooming his mass cancellations, scrapping a more generous loan repayment option and permanently barring future regulation around student debt. Republicans see it as a victory for taxpayers. Democrats claim it would hurt the…
Getty Images By Jemma Dempsey BBC News Fears of a “debt time-bomb” have been raised by Citizens Advice, which said growing numbers of households faced a “wild west” when seeking help. The charity said it is helping more people who do not have enough income to cover essential expenses. Director of policy Matt Upton said…