Related Story: Government knew of potential problems with Centrelink system Centrelink management has ordered frontline staff working in branches not to process disputes over the Federal Government’s controversial debt claw-back scheme and instead refer welfare recipients to an online portal. Key points: Memo orders branch staff not to process debt disputes…
RICHMOND (WSLS 10) Virginia Democrats are proposing a way for borrowers to refinance student loans much like you refinance a house. Virginia Democrats said an estimated 629,000 Virginians could benefit from re-financing their loans. Virginians collectively owe more than $30 billion dollars in student loan debt, said Delegate Simon. This is creating a crisis that…
(Picture: BBC) EastEnders has been praised for its recent focus on debt storylines and money worries for characters, with leading debt advice provider PayPlan commending the show for linking financial difficulties with mental health in some of its scenes. The most notable plot has seen Lee Carter get further and further into debt which, in turn, has…
Centrelink’s automated debt recovery will continue despite a widespread backlash. Some Centrelink recipients that have been targeted in the department’s new debt recovery endeavour are finding themselves in severe financial stress, with some looking at taking out a payday loan to get by. Speaking to the Herald Sun, Centrelink recipient Michael Bond said issues relating…
Saudi Arabia plans to follow its record-breaking debut on global debt markets with an Islamic bond issue in a sale that could come as early as February. The sharia-compliant sukuk will form part of a pipeline of bond sales to finance the kingdoms budget deficit and invest in economic diversification away from oil and is…
RELATED COVERAGE: Ballarat Centrelink staff saw the debt debacle looming months ago but were ignored by their managers, their union has said. More than one in 10 customers to Ballarat Centrelink are coming in to query a debt notice but centre staff are unable to help and instead have to refer people to a debt notice hotline, Community…
ANNAPOLIS, Md. – Maryland Governor Larry Hogan says wants to help residents who are struggling with student loan debt and the high cost of college tuition, and he’s pledging millions of dollars in relief to get it done. At a news conference Tuesday, Hogan announced he is proposing legislation that would make student debt interest…
Today, most parents are saving money for their childrens college education 72 percent of them, according to a study by Fidelity Investments. But some 68 percent of students still graduate school with student loan debt, at an average of $30,000. Here are three ways you can elevate your savings strategy to help your kid graduate without debt. Squeeze the…
I am going through a challenging situation with my technology business. I have many loans and credit cards and am paying almost Dh70,000 every month in repayments. My operation is small with only five staff and our revenue is Dh250,000 per month. However, I am struggling to keep up with the repayments as well as…
The information watchdog is assessing Centrelink’s data matching system. Long queues at a branch of Centrelink in Sydneys inner west. CENTRELINK is letting me die, reads graffiti scrawled on the wall of the disabled toilet at a branch in Sydneys inner west. Thats the perception of some Australians trying to negotiate a benefits system that…