Scammers call or email, pretending to be from the VA or your home loan servicer. They claim if you pay them an upfront fee, they can get you a loan modification or refinancing to avoid foreclosure, so you can keep your home. But thats illegal. Do you know your rights when it comes to getting…
(Yicai) Nov. 8 — The Peoples Bank of China will provide emergency liquidity support to areas with heavy debt pressure when necessary to help local governments solve debt risks, according to the governor of Chinas central bank. The PBOC will cooperate with related government agencies and local governments to offer financial support for the stable…
If you have out-of-control debt, you probably have made an attempt or two to pay it down. But a debt management plan (or DMP) is a much more organized plan of attack. You usually enroll in a DMP through a credit counseling agency, where a credit counselor works with your creditors to come up with…
Use these five methods to pay off your credit card debt quickly. Getty Images The vast majority of adult Americans (82%) currently have at least one credit card in their wallet, and credit card debt is growing. Over the summer, the total credit card debt owed in the United States broke the $1 trillion mark. Just…
The general government debt (GGD) which includes what the state and state-owned enterprises owe of Commonwealth countries declined in 2021 and 2022, as a share of combined gross domestic product (GDP), meaning they owed less debt compared to the size of their economy. By Dr Mohamed Z M Aazim, Adviser, Debt Management Unit, Commonwealth Secretariat…
If the outstanding balance on your credit card has ballooned to uncomfortable heights, its time to change your habits and start paying that debt off. More than half of all Americans are currently arent managing to pay their credit card bills in full each month, J.D. Power found recently, helping explain why we now owe…
The Biden administration promised not to give up on debt cancellation after the Supreme Court rejected their first attempt. They promised that a new system of income-driven repayment (IDR) would mitigate the return of student loan payments. Were now several weeks into both of those projects, enough time to make some early assessments. The scope…
When unmanageable debt has you in a bear hug, you’ll probably do anything to wriggle free including striking a deal with your creditors to reduce how much you have to pay. Debt settlement involves negotiating with your creditors to reduce the amount you owe, often with the help of a third-party company. Having someone lighten…
Another round of education legislation is headed to Gov. Gretchen Whitmers desk after Michigan lawmakers passed a budget bill that will provide debt relief for some of the most financially troubled districts in the state, as well as a bill that will change how teachers are evaluated. The bills are further illustration of how Democrats…
A $615.6 million supplemental spending bill passed through the Michigan legislature Thursday, mostly along party lines. It is now on the desk of Gov. Gretchen Whitmer, who is expected to sign it. House Bill 4292, sponsored by state Rep. Felicia Brabec (D-Pittsfield Twp.), appropriates $339.8 million for the Fiscal Year (FY) 2023 budget that ended…