around 700,000 people struggling with problem debt to benefit from Breathing Space this year scheme will give those facing financial difficulties 60 days to get finances back on track without debts piling up, worrying letters or enforcement action people will also have access to professional debt advice, with stronger protections for people in mental health…
Tomas Campos and Tushar Vaish co-founded Spinwheel in 2019 after Campos saw how student loan debt was affecting his sister, who graduated from college over a decade ago, and his niece, who graduated in 2019. Subscribe to the Crunchbase Daily When she graduated, we thought it was an awesome milestone, but she was distraught over…
Political turmoil in Chad has cast doubt over the Central African oil producer’s efforts to agree relief on its nearly $3 billion debt burden, widely seen as a test case for a global plan to help the world’s most indebted countries. Six months ago, the Group of 20 (G20) major economies launched a common framework…
A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, India, November 9, 2018. REUTERS/Altaf Hussain/File Photo India’s central bank unveiled measures to help lenders tide over mounting bad loans, also providing relief to individual borrowers by including one-time debt restructuring for loans, as COVID-19 infections in…
The ABA has welcomed the Federal Treasurers release of new regulations that licence debt management firms on 30 April 2021, a change called for by the ABA. ABA CEO Anna Bligh said, together with changes made last year by the banking sector, these new regulations would will strengthen protections for customers. I welcome these changes…
Former CFPB head Richard Cordray will lead the Federal Student Aid office, which oversees student debt. Elizabeth Warren helped create the CFPB and was key in nominating Cordray when she couldnt helm the agency. Warren wants to cancel $50,000 in student debt per person and Cordray has shared her agenda for much of his political…
By Kevin PeacheyPersonal finance correspondent, BBC News image copyrightGetty Images A new “breathing space” scheme has begun in England and Wales to shield people in problem debt from further interest and charges. People receiving debt advice can apply for the break, which lasts for up to 60 days, to prevent them falling into a spiral…
Sid Miller, a rancher and commissioner of the Texas Department of Agriculture, has filed a lawsuit backed by the new group America First Legal against USDA over a new aid program that eliminates FSA loan debt for socially disadvantaged farmers. Another group of white farmers filed a similar lawsuit as well. (DTN file photo by…
Debt consolidation the leading reason Aussies take out personal loans, says Plenti By Ceyda Erem Thursday, 29 April 2021 Advertiser disclosure Whether its spending more time at home or a new perspective on life, many Aussies across the country have been taking great strides in smashing their financial goals by taking out a personal loan.…
The moratorium is provided for in The Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020 and will apply to eligible individuals who have debt problems. The purpose of the Regulations is to give individuals a breathing space during which they can obtain professional debt advice and find…