Research Shows Vulnerable Australians Caught in Vicious Debt Cycle – Pro Bono Australia

Vulnerable Australians are drowning in debt struggling to overcome financial woes that are being magnified by attempts to manage the issues via increased debt and gambling, according to new research. Data released by The Salvation Army on Tuesday to coincide with Anti-Poverty Week shows people seeking financial assistance through its Moneycare financial counselling service are…

Credit cards are the most common form of debt | Wingham Chronicle – Wingham Chronicle

More and more Australians are falling into the vicious cycle of debt according to research released by The Salvation Army. The data shows that those on the brink of financial crisis have accrued $2.55 of debt for every dollar earned. Thats a debt-to-income ratio of 255 per cent. Comparatively, the average Australian household has a debt-to-income ratio…

Salvation Army data released during Anti-Poverty Week shows debt is climbing – Great Lakes Advocate

More and more Australians are falling into the vicious cycle of debt according to research released by The Salvation Army. The data shows that those on the brink of financial crisis have accrued $2.55 of debt for every dollar earned. Thats a debt-to-income ratio of 255 per cent. Comparatively, the average Australian household has a debt-to-income ratio…

Maryland AG orders Student Loan Debt Relief Company to cease illegal conduct – ABC2 News

BALTIMORE, Md. – A student loan debt relief company is being told they’re not allowed to do business in Maryland. Maryland Attorney General Brian Frosh announced that the Consumer Protection Division issued a cease and desist order against Student Loan Counsel. The California-based company must cease any unlawful conduct in Maryland, return all money collected from…

FTC and 11 States Announce Actions Against Student Loan Debt Relief Scams – insideARM.com

On Friday the Federal Trade Commission (FTC), along with 11 states and the District of Columbia, announced Operation Game of Loans, the first coordinated federal-state law enforcement initiative targeting deceptive student loan debt relief scams. This nationwide crackdown encompasses 36 actions by the FTC and state attorneys general against scammers alleged to have used deception and false promises…