JACK GUTTENTAG: Debt consolidation during a period of rising interest rates – Sarasota Herald-Tribune

Debt consolidation is the conversion of high-rate debt into lower-rate debt in order to reduce total interest costs. Homeowners with large amounts of credit card debt who have unused borrowing power on their home have a consolidation option. Whether or not it is in the homeowners long-run interest to exercise the option, however, turns out…

Maine Will Help Pay Student Debt Of People Who Move There Through A New Tax Credit Initiative – Bustle

College graduates with student loan debt (read: pretty much all college graduates), rejoice and pack your bags. Financial salvation awaits you in the land of lobster and, now, student debt forgiveness. Thats right: Maine will help pay off your student loans if you move to that great northeasternmost state. Excuse me while book my plane…

JP MORGAN: The explosion of debt in China is forcing Beijing to change plans – Business Insider Australia

2018 has been the most volatile year for Chinese stocks since the market crash of 2015. However, JP Morgan says the buildup of debt over that time means policy makers will need to use different tools to maintain economic growth. Instead of cutting interest rates, authorities will focus on tax cuts and infrastructure spending, with…

Better tax collection can help tackle rising debt in Africa and the challenge of development finance – Brookings Institution (blog)

Government debt and borrowing costs for sub-Saharan African countries have been rising in recent years. In several countries, external debt servicing coststhe money needed to cover the interest and principal on debtare now at their highest level since 2003. The rising debt servicing costs are already reducing funding for economic development; Kenya cut its development…

Real-time payroll deposits would make a huge financial difference for strapped workers – USA TODAY

Tim Chen, Opinion contributor Published 4:00 a.m. ET Oct. 22, 2018 | Updated 7:33 a.m. ET Oct. 22, 2018 Many workers are caught in a cycle of debt. Real-time payroll deposits would help them avoid high-interest payday loans and connect to banking services. In Phoenix on April 6, 2010.(Photo: Ross D. Franklin/AP) The fundamental structure…

The Mortgage Professor: Debt consolidation during a period of rising interest rates – PostBulletin.com

Debt consolidation is the conversion of high-rate debt into lower-rate debt in order to reduce total interest costs. Homeowners with large amounts of credit card debt who have unused borrowing power on their home have a consolidation option. Whether or not it is in the homeowners long-run interest to exercise the option, however, turns out…

Judge unblocks Obama rule on student debt relief after delays by DeVos – KCTV Kansas City

An Obama-era rule designed to help students cheated by for-profit colleges get relief on their education debt finally took effect Tuesday after efforts by the Trump administration to block it. A federal judge ordered immediate implementation of the rule, delayed last year by Education Secretary Betsy DeVos, while a challenge from the for-profit college industry…