Category Archives: Debt Help

Student loan borrowers facing financial hardship may qualify for Biden's new round of debt relief – Fox Business

Borrowers with high medical debt, childcare costs and other financial burdens qualify for relief.  (iStock) The Biden-Harris administration recently released another proposal to help borrowers handle high-cost student loans. This round of student debt relief is designed to help students facing serious financial hardship. The proposal would provide automatic relief to borrowers deemed likely to…

What Is The Debt Avalanche Payment Strategy? – Bankrate.com

Key takeaways The avalanche method is a debt repayment strategy focusing on paying off the account with the highest APR first, moving down from there. The debt avalanche method can take longer than other repayment strategies, but you could save more on interest in the long run. The snowball method, balance transfer cards, debt consolidation…

How credit card debt forgiveness can help you avoid bankruptcy – CBS News

Credit card debt forgiveness may give you an alternative to bankruptcy.  Getty Images The inflationary economic environment has weighed heavily on many Americans over the past couple of years. In fact, inflation become so problematic following the COVID-19 pandemic that the Federal Reserve decided to increase interest rates several times – a move that made…

How debt relief services can help with financial spring cleaning – CBS News

You don’t have to clean your finances up on your own a debt relief service could help.  Stephen Swintek/Getty Images Spring is just around the corner, and soon, many people will open their windows, turn on some music and clean areas of their homes they may not have looked at over the last few months.…

Polestar (PSNY) Raises $1 Billion in Debt to Help Fund Electric Vehicle Rollout – Bloomberg – Bloomberg

Polestar has raised $950 million in debt financing as the struggling luxury EV maker seeks funding outside of its parent Geely to roll out key new models. The three-year loan facility from a syndicate of 12 banks will help bridge Polestars path to breaking even on cash flow, the company said Bloomberg Terminal Wednesday, a…

Credit card debt forgiveness dos and don'ts – CBS News

Credit card debt can be overwhelming but with a forgiveness program you may be able to put it behind you faster than you think.  Olga Yastremska, New Africa, Africa Studio / Getty Images Credit card debt forgiveness has been a hot topic as of late. With the federal funds rate target frozen at a 23-year…

Government flags changes to HECS and placement pay – ABC News

In short: the government has received recommendations from a major review of the university sector. Proposed changes include additional financial support for low-income students, and a new method for calculating HECS repayments. What’s next? Education Minister Jason Clare said the government would respond to the recommendations “in the next couple of months”. University students could get cost…

New Report Recommends Massive Shake Up To HELP Debt Scheme – The Project

But now the growing cost of student debt is crippling many workers, and a new report says somethings got to give. For Alana Fraser, logging onto My Gov to check her student debt, is a terrifying experience. Shes one of 3 million Aussies whose student loans shot up by more than seven  per cent last…

China State Firm in Rare Move Sells Debt to Help Fund Local LGFV – Bloomberg

A state-owned firm in Chinas Guizhou province is selling bonds to help repay debt issued by a local government financing vehicle, a rare move that highlights the regions liquidity strains. Guizhou Hongyingda Construction Project Management Co., a wholly-owned subsidiary of the finance bureau of Xixiu district in Anshun city, issued a 1.8 billion yuan ($250…

If we want more young people to go to uni, stop screwing them over – Sydney Morning Herald

February 26, 2024 5.00am February 26, 2024 5.00am Normal text sizeLarger text sizeVery large text size At the time, it felt like wed been dudded. For 15 years, since the crazy-brave days of Gough Whitlam, university degrees in Australia had been free. Yet here we were, about to start uni in the summer of 89,…