As the business environment gets tougher, more companies are being forced to borrow heavily, which in turn puts them at risk. Accessing credit has become easier for businesses and when used smartly, this can be used to boost operations. However, startups and small businesses always find themselves struggling with debt when revenues dwindle. Many businesses…
Student loan counselor Taunya Kennedy knows what its like to be overwhelmed by debt. The 45-year-old single mother has a mortgage and credit card balance, and still shoulders her own college loans after years of postponing payments. On top of working full time for the nonprofit credit-counseling agency Money Management International, Kennedy earns extra income…
FRANKFURT (Reuters) Governments could help euro zone banks reduce their huge bad debt holdings by backing so-called bad banks that could purchase non-performing loans, European Central Bank Vice President Vitor Constancio said on Wednesday. As the euro zones market for bad debt is small and illiquid, bad banks or asset management companies (AMC) could correct…
“We are proud to be the first municipality in the country to offer this kind of student debt assistance to our workforce. We view this as an important investment in our employees,” said Alex Smith, City of Memphis Chief Human Resources Officer. Beginning July 1, eligible Memphis city workers will receive monthly contributions of $50…
France’s finance minister, Bruno Le Maire, expressed optimism on Monday, after meeting with his Greek counterpart Euclid Tsakalotos, over the outcome of Thursdays crucial Eurogroup in Luxemburg, which will seek to wrap up a funding agreement between Greece and its international lenders. According to reports, Le Maire, who travelled to Athens in a bid to…
CHANGE: For the 2017-18 year, you will need to start repaying your HELP debt if your adjusted taxable income exceeds $55,874. You can view your HELP debt, and payment options online via the MyGov website. I graduated from university at the end of last year and used a HELP loan to pay off my university…
June 11, 2017 10:07 p.m. ET Student-loan debt often makes it tough for young people to buy homes. But some new programsfrom mortgage-market giant Fannie Mae, as well as from a handful of statesaim to make that easier. College graduates with student debt are less likely to buy a home than graduates without debt, according…
Greeces parliament approved on Friday reforms demanded by the countrys international lenders to conclude a long-stalled review of its bailout progress and qualify for more loans needed to repay debt maturing in July. Euro zone finance ministers meet in Luxembourg on June 15 to discuss Greeces reform progress and measures to reduce its debt, which…
For borrowers with interest-bearing unsecured debt exceeding 18 times their monthly income for three months in a row, the days of living on credit will come to an end if they do nothing. If you are caught in this unfortunate predicament, you will be unable to charge new or recurring purchases to your credit card.…
[ATHENS] Greece’s parliament approved on Friday reforms demanded by the country’s international lenders to conclude a long-stalled review of its bailout progress and qualify for more loans needed to repay debt maturing in July. Euro zone finance ministers meet in Luxembourg on June 15 to discuss Greece’s reform progress and measures to reduce its debt,…