Many developing countries face huge debts from the COVID-19 pandemic. Market analysts now suggest that almost 40% of emerging- and frontier-market sovereign external debt could be at risk of default in the next year. An IMF endorsed ‘debt for nature swaps’ initiative could help countries tackle debt and improve sustainability together. A global debt crisis…
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What do 80 percent of Americans have but dont want? The answer is debt. But the harsh reality of debt is that it isnt the loan thats the problem. Its the mismanagement of loansthat creates an issue. Smart debt consolidation can help lift you out of the burden of debt management. Here are the top…
When building a budget, we often plan in terms of monthly expenses, but it’s also important to think about the big picture and this is especially true if you’ve got debt and a poor credit score. When people are trying to figure out how to pay off their debt, they usually look at how much…
Outstanding Australian student debts could fall on their own this year, if the economy continues to decline. The nations HECS-HELP debt is fixed to the growth in the consumer price index (CPI), which fell by its largest margin in more than 70 years in June. If the next three quarters dont erase the fall, outstanding…
Two mothers whose sons took their own lives after being given a Centrelink debt have hit back at government denials that its disastrous robodebt scheme ever caused suicides. Handwritten letters were submitted to a Senate inquiry this afternoon by Queensland mothers Kath Madgwick and Jennifer Miller. The women were responding to a comment made by…
Developing nation debt has more than doubled in the past decade and left more than 50 countries facing a repayment crisis, according to a campaign group. Data from the Jubilee Debt Campaign shows that even without taking full account of the impact of the coronavirus pandemic, there has been a sharp jump in the number…
As we prepare for the possibility that the coronaviruspandemic may continue for longer than first anticipated, its become essential for brokers to find flexible ways to support customers lending requirements. With many banks and lenders adjusting their application assessment methods, borrowers may be finding it difficult to source the right finance, even if their circumstances…
Loading Every bill utilities, telcos and insurances could be bloated. Providers often rely on the complacency of existing customers to keep paying over the odds. Go through your bills, using comparison websites, to determine the savings you could make by switching to a cheaper provider. 2. Mortgage and financial products Your mortgage is the biggest…
Loading Every bill utilities, telcos and insurances could be bloated. Providers often rely on the complacency of existing customers to keep paying over the odds. Go through your bills, using comparison websites, to determine the savings you could make by switching to a cheaper provider. 2. Mortgage and financial products Your mortgage is the biggest…