Today, the Fiscal Control Board for Puerto Rico meets in San Juan. The board was established by bipartisan legislation last year, to help deal with the debt crisis on the island. Four of its seven members were appointed by the GOP leadership in Congress and three were appointed by the Democrats. The board has worked…
Jim Winsett of the BBB. Jim Winsett of the BBB. … Photo by Contributed Photo /Times Free Press. Q. I read and hear advertising from debt relief and repair businesses who claim that they can reduce and settle debt by 50 percent. Is this a true statement or false advertising? A. Clearly exaggeration enters the…
QUESTION: My partner and I are both in full-time employment but have struggled with credit card debt following the break-up of a previous relationship. As well as the credit card debt, I have a mortgage of £120,000 on my house at a cost of just under £700 per month. I also have a second charge…
The deadline to file your tax return is quickly approaching. But what if you’re one of the millions of Americans who owes the IRS more money than you can possibly pay? It can happen to anyone – even the most honest taxpayer. You miss something, or you make a mistake. And through no fault of…
Reuters * ICBC 2016 net profit up 0.4 pct * Bankers pledge more debt-to-equity swaps * Expect margin squeeze to ease later this year (Recasts, adds background, comments, details) SHANGHAI/BEIJING, March 30 (Reuters) – The world’s largest lender, Industrial and Commercial Bank of China (ICBC) <601398.SS> <1398.HK>, reported its slowest rate of annual…
NEW DELHI: Rating agencies Fitch and Moodys Investors Service have said that sale of tower assets can help telecom companies shed debt but there may be no near-term improvement in profitability due to heightened competition after Reliance Jio Infocomms entry. The agencies on Thursday said Bharti Airtels stake sale in its tower subsidiary and similar…
The deadline to file your tax return is quickly approaching. But what if you’re one of the millions of Americans who owes the IRS more money than you can possibly pay? It can happen to anyone – even the most honest taxpayer. You miss something, or you make a mistake. And through no fault of…
While recent increases in home-loan interest rates by the Big Four and smaller lenders should help cool growth in lending to more vulnerable buyers, banks still face risks from high household debt and an overheated property market, warned Fitch Ratings. The Big Four and many smaller lenders have raised interest rates on home loans for…
ASHLAND, Ore. — Students at Southern Oregon University say something has to be done to address student debt. Through Senate Bill 1034, Oregon lawmakers are considering a way for residents to deduct the total amount of interest and principal paid on loans throughout the year from their state taxable income. Carolyn Stone said for those…
The deadline to file your tax return is quickly approaching. But what if you’re one of the millions of Americans who owes the IRS more money than you can possibly pay? It can happen to anyone – even the most honest taxpayer. You miss something, or you make a mistake. And through no fault of…