Officials said that 10 million borrowers could see debt relief of at least $5,000. The plan, set to be announced in Wisconsin, could help rally support among young voters. President Biden on Monday plans to announce a large-scale effort to help pay off student loans for tens of millions of American borrowers in Wisconsin, seeking…
The indexation of student debt is arguably the federal governments biggest political problem when it comes to universities. Last June, student debt balances increased by 7.1%, the highest rate in decades. While HELP loans do not attract interest, they are indexed to inflation as measured by the Consumer Price Index (CPI). When inflation remained low,…
By using debt relief services this month you can finally start working toward erasing your debt. Getty Images In an economy still coping with (cooled) but stubborn inflation and the highest interest rates in decades, many Americans may be looking for ways to reduce their debt right now. While this concern can be significant at…
Ive written about personal finance for over a decade, covering everything from budgeting to 401(k)s. So, I know a good amount about how to manage your money. Yet despite that, Ive been in a significant amount of debt twice. And for the longest time, I felt ashamed about this. Wasnt I supposed to know better?…
As changes to Debt Relief Orders come into force this week, we talk to the Insolvency Services Andrew Shore, who has overseen the change, to find out all you need to know. Changes to Debt Relief Orders (DROs) were announced in the 2024 Spring Budget to offer more help to people in debt Changes include…
Changes to Debt Relief Orders (DROs) were announced in the 2024 Spring Budget to offer more help to people in debt Changes include abolishing the 90 administration fee to obtain a DRO from April 6 From June, the value of the car a person who wants to obtain a DRO can own will also go…
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, ‘The possibility of permanent loss is the risk I worry about… and every practical investor I know worries about.’ When we think about how risky a company is, we always like to look at its use of debt, since…
Centrepay is once again in the news, and not for good reasons. This week the Guardian uncovered new examples of the government system being used as a vehicle of financial abuse Centrepay was diverting money away from people receiving Centrelink payments to energy giants, years after they stopped being power customers. To be clear, were…
Tax relief services can help you deal with the IRS when you’re unable to meet your tax obligations. Getty Images Tax season is in full swing. And while most filers will likely receive refunds this year, there will undoubtedly be a percentage of filers who owe money to the IRS. But even if you expect…
Both options have their pros and cons, depending on factors like your repayment plans and loan size. Getty Images One positive development in the recent run-up of prices is that many homeowners now have substantially more equity. The average mortgage holder now holds $299,000 in equity, of which $193,000 is tappable, meaning they could borrow…