Debt relief programs can make a lot of sense in certain scenarios, but they won’t be the right move in every situation. Getty Images/iStockphoto After a tumultuous two years in the economy, the year-over-year Consumer Price Index has stabilized at around 3% to 4%, down from the 9.1% peak in 2022. Many experts also predict…
Getting a letter from the IRS saying youre past due on a tax debt can be frightening. That fear often drives people to tax settlement companies that offer hope of significant debt reduction. IRS Commissioner Danny Werfel says dont believe the hype. Thats especially good advice now, given a recent action by the agency. In…
A total of 105,482 borrowers have signed up since the beginning of December for government assistance in tackling their informal indebtedness, estimated at about 6.5 billion, Government Spokesman Chai Wacharonke said on Friday. So far, authorities have succeeded in mediating debt settlements for 224 borrowers, out of the 1,294 cases currently in the mediation process,…
It’s not uncommon for people to keep financial secrets from their partners. Nearly 1 in 4 Americans in relationships admit to keeping a money-related secret from their significant other, according to a 2023 Bankrate survey. A $520,000 secret is a pretty big one, though. That’s how much debt Aldo was hiding from his wife Cassandra,…
(Bloomberg) — China South City Holdings Ltd., partially owned by the city of Shenzhen, won a reprieve after creditors agreed to extend a dollar bond maturity and lower its coupon, avoiding a default as it soon faces more payment tests ahead. Most Read from Bloomberg Holders of the 9% note due July 2024 with $235…
The Best Lenders for Debt Consolidation Loans We at the MarketWatch Guides team compared dozens of lenders to come up with our top eight picks. If youre searching for the best debt consolidation loan, heres where to start. When Should You Consider a Debt Consolidation Loan? Debt consolidation loans can help consumers save hundreds or…
The concept of debt-for-nature swaps (DFNSs) was first introduced in the 1980s for conversion of debt owed to creditors by developing countries that were unable to service their external debt. Over the past 30 years, a whole range of different debt treatment operations has been developed under the umbrella of DFNSs involving both commercial debt…
Kharom Polpornklang, a deputy government spokesman, said on Tuesday that the approved package comprises three key measures, namely: Debt moratorium for SMEs: A debt moratorium will be offered to small businesses grappling with financial challenges in the wake of the Covid-19 pandemic. Soft loans for loan shark victims: Soft loans will be provided to debtors…
BANGKOK : Thailand’s cabinet has approved debt suspension for smaller businesses and support for retail debtors, the prime minister said on Tuesday, in the government’s latest move to address the country’s festering debt issues. The programme is part of a plan to help the 10.3 million people who are struggling to service debt, a drag…
Government will try to keep diesel prices at around 30 baht a litre and electricity bills at up to 4.2 baht per unit PUBLISHED : 19 Dec 2023 at 12:26 People shop at Sampeng Market in Bangkok. (Photo: Wichan Charoenkiatpakul) The cabinet approved debt suspension for smaller businesses and support for retail debtors, as the…