Debt consolidation is the conversion of high-rate debt into lower-rate debt in order to reduce total interest costs. Homeowners with large amounts of credit card debt who have unused borrowing power on their home have a consolidation option. Whether or not it is in the homeowners long-run interest to exercise the option, however, turns out…
College graduates with student loan debt (read: pretty much all college graduates), rejoice and pack your bags. Financial salvation awaits you in the land of lobster and, now, student debt forgiveness. Thats right: Maine will help pay off your student loans if you move to that great northeasternmost state. Excuse me while book my plane…
Millions of Americans face crushing medical debt every day. Its the leading cause of bankruptcy in the country and nearly one in four Hoosiers currently faces the heartache and stress of medical debt now in collections. FOX59 News been digging in to this important story for several months, meeting with families all over Central Indiana…
Debt-burdened owners are advised to sell their cars and walk away from debt. Reuters CAPE TOWN – Over-indebted consumers struggling to make monthly payments on their vehicles caused by the high cost of living and exacerbated by constant fuel increases should not bury their heads in the sand but rather opt to sell before their…
2018 has been the most volatile year for Chinese stocks since the market crash of 2015. However, JP Morgan says the buildup of debt over that time means policy makers will need to use different tools to maintain economic growth. Instead of cutting interest rates, authorities will focus on tax cuts and infrastructure spending, with…
Government debt and borrowing costs for sub-Saharan African countries have been rising in recent years. In several countries, external debt servicing coststhe money needed to cover the interest and principal on debtare now at their highest level since 2003. The rising debt servicing costs are already reducing funding for economic development; Kenya cut its development…
Tim Chen, Opinion contributor Published 4:00 a.m. ET Oct. 22, 2018 | Updated 7:33 a.m. ET Oct. 22, 2018 Many workers are caught in a cycle of debt. Real-time payroll deposits would help them avoid high-interest payday loans and connect to banking services. In Phoenix on April 6, 2010.(Photo: Ross D. Franklin/AP) The fundamental structure…
Debt consolidation is the conversion of high-rate debt into lower-rate debt in order to reduce total interest costs. Homeowners with large amounts of credit card debt who have unused borrowing power on their home have a consolidation option. Whether or not it is in the homeowners long-run interest to exercise the option, however, turns out…
[embedded content] COLORADO SPRINGS Walking across the stage, receiving a diploma and finishing college for many, its supposed to signify the end of years of education and the beginning of a professional life. Theres just one problem: student loan debt. We have a big problem. Student loan debt is now about $1.5 trillion in the…
An Obama-era rule designed to help students cheated by for-profit colleges get relief on their education debt finally took effect Tuesday after efforts by the Trump administration to block it. A federal judge ordered immediate implementation of the rule, delayed last year by Education Secretary Betsy DeVos, while a challenge from the for-profit college industry…