With the cost of living crisis entering its third year, leaving many of us with less money to cover essential spending, it is not surprising that a growing number of people in the UK need to get help with debt. Rising prices, rising interest rates, increased rents and a growing tax burden means that the…
Officials from Fiji, Papua New Guinea, Samoa, the Solomon Islands, Tonga, and Vanuatu have completed expert training to manage their sovereign debt using the Commonwealth Meridian system. The Commonwealth Secretariat partnered with the Government of Fiji to host a regional training workshop in Nadi from 28 February to 8 March 2024. The training was designed…
Record numbers of UK households are struggling with debt and in urgent need of help with their finances. New research by campaign group Debt Justice found that 13% of the population equivalent to 6.7 million people have missed three or more credit or bill payments during the past six months. The group is calling on political…
Personal Finance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Loans Personal Loan Rates This Week: Current Interest Rates on Personal Loans Written by Ryan Wangman, CEPF; edited by Richard Richtmyer 2024-03-18T18:12:40Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email…
Life happens. Your car breaks down. Prices go up. The latest layoffs come, and you find yourself out of a job. Facing financial difficulties can be stressful. Whether youre going through tough economic times or facing other roadblocks to your debt repayment, a financial setback can make you feel like youll never be able to…
A record 6.7 million people in Britain are in financial difficulty, a campaign group has claimed, as the cost of living crisis pushes more households into debt. A survey for Debt Justice found that 13% of adults had missed three or more credit or bill payments in the last six months, a figure that rose…
In this day and age, Americans across the country know what it’s like to deal with debt. From credit card debt to student debt, it’s become something more and more people are forced to deal with. But what you may not know, is that medical debt is the number one cause for bankruptcy in the…
Credit card debt forgiveness can help you get out of debt, but it may not be worth it in all situations. Getty Images With the federal funds rate paused at a 23-year high, borrowing costs are up. And, since rates are high on credit cards, you may have seen the interest charges on your credit card balloon…
Business cycles, interest rates, and credit conditions are intricately connected and influence corporate debt management. Corporates manage debt and liquidity across business cycles by adjusting debt refinancing needs, capital expenditure, and discretionary spending such as dividends, share buybacks, and M&As. During economic expansion, companies have robust profitability and cash flows supported by healthy demand, making…
The Paris Club, a collection of some of the worlds wealthiest creditor nations, has announced the cancellation of 99% of Somalias debt, in a major boost as the country continues its fragile economic recovery from an ongoing three-decade conflict. In a statement released by the Paris Club, which is run by senior officials from the…