Debt among American households reached a record high at the end of 2022. And promises to get it relieved are tempting. A Facebook post claims to show a family receiving news that their own debt had been cleared through a debt relief program for American citizens or legal residents who “have over $20,000 in (credit…
Oakland County unveils new program to erase medical debt Oakland County unveils new program to erase medical debt 01:12 (CBS DETROIT) – Thousands of residents in Oakland County could have their medical debt erased under a new program using federal funding, officials announced Thursday. Oakland County has partnered with RIP Medical Debt, a national nonprofit…
Kyra Taylor has been hospitalized numerous times for complications related to Type 1 diabetes. Diagnosed with diabetes as a child, her familys medical insurance covered treatments that managed her condition. As a young adult, she was without medical insurance and the bills mounted. Before long, she had tens of thousands of dollars in medical debt.…
The burden of student loan debt has reached crisis levels, disproportionately affecting students of color and amplifying the racial wealth gap. Now, President Biden’s latest step will help 125,000 borrowers by erasing $9 billion in debt through existing programs. This debt load is not distributed evenly across populations, it falls disproportionately on students of color…
Wednesday, October 18, 2023 During the COVID-19 pandemic, the Biden administration halted all federal student loan repayments. After the national COVID-19 emergency ended in March 2023, Congress passed a law preventing further extensions. As a result, payments resumed in October. For people whose student loan repayments have started up again, theres good news. Earlier this…
Having thousands of dollars in credit card debt can be stressful, but there are some steps you can take to relieve the headache. Getty Images Credit card debt can be a significant financial burden, but a lot of Americans are stuck dealing with it on a daily basis. Americans had a collective credit card debt…
Companies Eskom Holdings SOC Ltd – ESKDY.PK – DELISTED Follow JOHANNESBURG, Oct 18 (Reuters) – South African utility Eskom will get up to 20 billion rand ($1.06 billion) from the National Treasury next week, its interim CEO Calib Cassim said on Wednesday, in the second tranche of a debt relief package from the government. The…
BEIJING, Oct 18 (Reuters) – Sri Lanka’s president on Wednesday said debt relief for low-income countries should be part of the green transition and inaction on debt could pose an existential threat to China’s Belt and Road Initiative. Speaking at a panel on greening the Belt and Road Initiative in Beijing, President Ranil Wickremesinghe said…
Mercy Health and RIP Medical Debt are pleased to announce a new agreement that will help alleviate $7.22 million worth of medical debt for 4,917 area patients currently experiencing financial obligations related to health care costs. Recipients of debt abolishment for Mercy Health medical services began receiving notification by way of a RIP branded letter…