In short: The way child support is calculated has been criticised for not factoring in the growing cost of living and additional expenses for education, medical and children with special needs. About one third of all parents in the scheme or about 218,000 have a debt, and collectively they owe $1.7 billion in unpaid child support.…
Paying your credit card debt off now could make it easier on your finances, even amid rising inflation. Getty Images Prices are rising due to inflation, and chances are that you’ve felt the pinch at the pump, the grocery store and just about anywhere else you spend money. At the same time, interest rates are…
Nearly 60% of people with medical debt have chosen not to get care due to cost. Rep. Liz Reyer (DFL-Eagan) quoted that information from a study by the Peterson Center on Health Care while presenting HF1814 Thursday to the House Health Finance and Policy Committee. Part of the Minnesota Debt Fairness Act, the bill would…
KARACHI: A senior Chinese diplomat this week said Beijing had never pressured Islamabad to repay loans and had recently rolled over $2 billion in debt as the payment date neared, adding that China would help Pakistan overcome its foreign debt challenges. International financial institutions and Chinas rivals like the US have raised concerns that the…
You could improve your chances of credit card debt forgiveness by taking a few extra steps. Getty Images As inflation climbed to its highest point in more than four decades in mid-2022, the Federal Reserve began increasing its target federal funds rate to try and temper it. Rate hikes then became the norm until the Fed paused rate…
Gurugram-based debt relief startup Freed has raised $7.5 million in a fresh funding round, the company said in a release today.Elevate Your Tech Prowess with High-Value Skill Courses Offering College Course Website IIT Delhi IITD Certificate Programme in Data Science & Machine Learning VISIT IIM Kozhikode IIMK Advanced Data Science For Managers VISIT IIM Lucknow…
One in 10 Americans carry medical debt, while 2 in 5 are underinsured and at risk of not being able to pay their medical bills. This burden crushes millions of families under mounting bills and contributes to the widening gap between rich and poor. Some relief has come with a wave of debt buyouts by…
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that ‘Volatility is far from synonymous with risk.’ So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt…
Four out of five people with incomes below the minimum level are in debt due to household bills, according to a new study. New research commissioned by national debt help charity Christians Against Poverty (CAP) is sounding the alarm about the growing number of low-income households being pulled into debt, simply to pay for essential…
(Bloomberg) — China Vanke Co. is in talks with banks on a debt swap that would help the cash-strapped developer stave off its first-ever bond default, according to people familiar with the matter. Most Read from Bloomberg Vankes major creditor banks are considering a plan to swap bond holdings worth tens of billions of yuan…