STAFFORD, Texas, June 07, 2023 (GLOBE NEWSWIRE) — Money Management International (MMI) internal data shows an increase in young consumers reaching out to the nonprofit for help paying down debt. MMI has seen an 81% increase in clients aged 18-29 in the first quarter of 2023 compared to the same timeframe last year. This follows…
Student loans have always been a murky subject for many people, but the recent developments with loan repayments and forgiveness have made them all the more confusing. Last year, President Joe Biden announced a plan to forgive up to $20,000 in student loans (or $10,000 for those who did not receive a Pell Grant) for…
There are many advertisements on the internet offering debt relief services. Austin, Texas, residents should know that many of these advertisements are not actual debt relief providers. They are called lead generators, and they could sell your information to the highest bidder, usually to an out-of-state service. Most out-of-state services charge Texans enormous fees, despite…
Carson Hartlage, Glen McClain and Justin May | Opinion contributors Cincinnati Mayor Aftab Pureval and Cincinnati City Council have an opportunity to make a big impact by forgiving medical debt for thousands of Cincinnatians. Last week, Mayor Purveal released his recommended Fiscal Year 2024-25 Budget, a hefty $1.59 billion, which includes what remains of the…
For better or worse, debt fuels the engine of the modern economy, with Americans holding a collective $17.05 trillion in the form of mortgages, credit card charges, loans and more. But when you take on more debt than you can handle, it places shackles on your future and a target on your back for scammers.…
Article Summary Manage debt before starting a family: Prioritize debt management to ensure financial stability when starting a family. Adopt mindful money habits: Be conscious of your spending and track expenses to make better financial decisions. Create a debt repayment plan: Choose a strategy like the debt snowball or debt avalanche method to pay off…
Normal text sizeLarger text sizeVery large text size Three million Australians who were hit with a 7.1 per cent increase in their HECS debt last week will now also find it more difficult to secure a home loan. As of September, banks were made to include the HECS or HELP debt in debt-to-income ratios, meaning…
Both individuals and organizations may find dealing with debt to be stressful and difficult. Having a sound debt management plan in place is vital when dealing with growing financial commitments. The numerous debt management techniques will be covered in this article, along with how licensed money lenders can help people and organizations on their path…
Companies that provide guidance for those with money problems are to be banned from receiving referral fees from debt solution providers. The Financial Conduct Authority (FCA) said the new rules for debt packagers, which are regulated providers of advice, would save consumers money in “unnecessary fees” and improve guidance for those struggling. There have been…
Federal Education Minister Jason Clare has left the door open for changes to how HECS-HELP debts are paid back, including how indexation is applied to the original debt. Key points: The education minister says he is open to changing how HECS debts are indexed Indexation of 7.1 per cent has added $1,775 to the average $25,000 HECS-HELP debt Under the…