I have always been a good banking customer, with a clear payment history on my debts. But recently my father became really sick and I have been unable to make my payments on time. I initially borrowed the money because I tried to help someone, but unfortunately that person lost their job and had to…
Finance Collective Jan 30th 2017 4:27PM Managing your finances can be difficult, but a few quality tips and tricks can go a long way. Each week we’ll be featuring a new tip on anything from daily spending to retirement planning from a member of the Finance Collective. This week’s tip comes from Financially Fit &…
Lawyers Revived an Illegal Debt Relief Scheme that the CFPB Previously Shut Down Washington, D.C. (ENEWSPF)January 30, 2017. The Consumer Financial Protection Bureau today took action against a ring of law firms and attorneys who collaborated to charge illegal fees to consumers seeking debt relief. In a complaint filed in federal court, the CFPB alleges…
Last updated: 30 January 2017 From low income earners to farmers and small business owners, thousands of Aussies stand to benefit from wide-reaching banking changes introduced by the Australian Bankers Association (ABA). The new changes add to last year’s reforms under the Better Banking program, which pushed for a system to shame unethical financial advisors…
Scott Morrison to lift credit limit as Australia’s debt hurtles towards $500 billion Treasurer Scott Morrison, pictured in London this week, says the government is making progress in reining in Australia’s debt. Photo: Chris Ratcliffe Shadow treasurer Chris Bowen says Australia’s AAA credit rating is under threat. Photo: Josh Robenstone exit The federal government will…
The federal government will be forced to lift its own self-imposed credit limit in the coming months as debt hurtles towards half-a-trillion dollars – almost double the number the Coalition inherited from Labor. Gross commonwealth government debt has reached more than $474 billion after a sharp jump in recent weeks, leaving it just $26b short…
Scott Morrison to lift credit limit as Australia’s debt hurtles towards $500 billion Treasurer Scott Morrison, pictured in London this week, says the government is making progress in reining in Australia’s debt. Photo: Chris Ratcliffe Shadow treasurer Chris Bowen says Australia’s AAA credit rating is under threat. Photo: Josh Robenstone exit The federal government will…
Scott Morrison to lift credit limit as Australia’s debt hurtles towards $500 billion Treasurer Scott Morrison, pictured in London this week, says the government is making progress in reining in Australia’s debt. Photo: Chris Ratcliffe Shadow treasurer Chris Bowen says Australia’s AAA credit rating is under threat. Photo: Josh Robenstone exit The federal government will…
If you’ve got debts you can’t handle, it can be scary to acknowledge them. But new figures from the Money Advice Service reveal getting free advice really can help. Close to two thirds (65%) of people who received regulated debt advice were repaying the money they owed or had repaid in full within three to…
Greece faces what is likely to be an explosive surge in its public debt levels that within decades will mean it will owe almost three times the countrys annual economic output unless given significant debt relief, the International Monetary Fund has warned in a confidential report. The new report was prepared by IMF staff ahead…