The move meets key demand by international financial institutions to help Sudans transitional authorities overhaul its battered economy. The Central Bank of Sudan has sharply devalued the currency, announcing a new regime to unify official and black-market exchange rates in an effort to overcome a crippling economic crisis and access debt relief. The change on…
Boris Johnson should use his presidency of the G7 this year to insist that UK banks take part in the global push to alleviate a new developing country debt crisis, a campaign group has urged. The Jubilee Debt Campaign (JDC) said there was a special responsibility on Britain to act, as it released new figures…
By Khalid Abdelaziz 4 Min Read KHARTOUM (Reuters) – Sudans central bank sharply devalued the currency on Sunday, announcing a new regime to unify official and black-market exchange rates in an effort to overcome a crippling economic crisis and access debt relief. The change is a key reform demanded by foreign donors and the International…
If you have multiple streams of debt, like high-interest credit cards, medical bills or personal loans, debt consolidation can combine them into one fixed monthly payment. Getting a debt consolidation loan or using a balance transfer credit card can make sense if it lowers your annual percentage rate. But refinancing debt has pros and cons…
(NerdWallet) If you have high-interest consumer debt, getting control of your money in the new year might sound overwhelming. Most Americans say the COVID-19 outbreak has caused financial stress, according to a survey released in October by the National Endowment for Financial Education, with 30% listing debt as their top stressor. Despite the pandemic, you…
By Andrea Shalal 4 Min Read WASHINGTON (Reuters) – The World Bank is working with the International Monetary Fund (IMF) on ways to factor climate change into the negotiations about reducing the debt burdens of some poor countries, World Bank President David Malpass told Reuters in a Friday interview. FILE PHOTO: World Bank President David…
First Choice Debt Relief is not one of our top-rated life debt relief companies. You can review our list of the best debt relief companies for what we think are better options. Like many other debt relief companies, First Choice Debt Relief helps clients get out of debt using a strategy known as debt settlement.…
Debt consolidation through a personal loan can be an effective strategy to pay down existing debt; however, these four types of debt consolidation loan options are not ideal and should be avoided. (iStock) Many Americans are faced with the personal finance challenge of overcoming student loan debt, credit card debt, and mortgage debt; so much…
Veterans facing economic hardship during the COVID-19 pandemic will soon see extended debt relief options from VA. By extending debt relief through Sept. 30, VA reaffirms its commitment to helping Veterans getting through these hard times. VA willcontinue suspensionof collection on all Veteran benefit overpayments and medical copayment debts incurred after April 1, 2020. VA…
Citi is an advertising partner. For consumers with high-interest debt to pay down, zero-interest debt consolidation can make a ton of sense. After all, a balance transfer credit card that gives you zero interest for a year or longer lets you chip away at your debt without any of your payments going toward interest charges.…