A teller counts and arranges dollar notes at a bank in Huaibei, Anhui province. [Photo/Sipa] China will continue to support the Group of 20’s debt treatment framework for low-income countries, helping them ease potential solvency risks and promote post-pandemic economic recovery, Finance Minister Liu Kun said in a recent statement. The message showed the Chinese…
Victims of the Federal Government’s controversial Robodebt system are welcoming a settlement that includes $112 million in compensation. Key points: The Federal Government made a late settlement before the trial began The class action’s lead plaintiff, Katherine Prygodicz, said the settlement was a “relief” The deal now needs the approval of the Federal Court A…
This article was created by Wise Publishing. Wise is devoted to providing information that helps readers navigate the complex landscape of personal finance. Wise only partners with brands it trusts and believes may be helpful to the reader. Both Wise and Postmedia collect a commission on sales through the links on this page. If the…
Got a question for Craig?Submit one here. Question: I have slowly seemed to accumulate a lot of debt home loan, car loan and two credit cards. I now want to pay them down in the fastest way possible. Should I also consolidate these debts? The level of our debts is really starting to worry me.…
During the 2020 presidential campaign, Joe Biden promised to forgive a large chunk of the country’s outstanding student loan debt. Leah Millis | Reuters Even before the pandemic cost Adam Anderson his job, repaying his student loans was a challenge. He owes more than $60,000. He earned around $50,000 a year as a physical therapy…
Related Topics image copyrightGetty Imagesimage captionThe pandemic has aggravated pre-existing financial pressures Zambia is on the brink of defaulting on its foreign debt after it missed a payment of more than $40m (30m) last month. A so-called grace period will expire on Friday, which would make it Africa’s first country to default on sovereign debt…
By Lucy MartinBBC News, Singapore image copyrightGetty Images Would you pay money or even go into debt to get a job? For many migrant workers in Singapore, it’s common practice to pay a fee or incur a debt for the chance to secure work in the city-state. There are more than 350,000 foreigners working in…
As U.S. President-elect Joe Biden starts to formulate his foreign policies, the list of regions and issues needing immediate attention is already long. But one that should stand out is Africas debt. Tipped into crisis territory by the economic knock-on effects of the COVID-19 pandemic, it threatens to push the region further into Chinas hands.…
Debt management If you have credit card balances that are beyond your ability to repay, creditors may be open to negotiating. Thats when working with a nonprofit or a credit union to create a debt-management plan can be the most helpful. Certified counselors will help you set up a voluntary agreement between you and your…
(MENAFN – Lauren Cordell) Acquiring debt can happen at any time in a persons life. Whether its to pay for your education, buying a new car, purchasing a brand new phone, or even mortgage, having debt can be quick as a flash. No wonder that almost half of the population incurs debt and is greatly…