DEBT stalks Africa once again. Over the past six years sub-Saharan governments have issued $81bn in dollar bonds to investors hungry for yield. Piled on top of this are murkier syndicated loans and bilateral debts, many to China and tied to big construction projects. Public debt has climbed above 50% of GDP in half the…
Twitter Facebook Google+ WhatsApp LinkedIn Pinterest Email Is debt consolidation the best plan for you to pay off a debt? Debt consolidation refers to getting a loan to pay off all your other loans. By doing this, you are effectively bringing all your debts into one huge loan. It has to be paid off within…
Westend61/Getty Images After using my credit cards to pay for my extensive medical bills, I was suddenly drowning in debt. Thanks to the high interest rate on my cards, my balance continued to balloon. Desperate for a solution, I thought credit card consolidation would solve my problems, but it backfired terribly. That wasnt the fault…
THE collapse last month of Wonga, a payday lender, was cheered by many Britons. The company, which was the best-known lender in the so-called short-term, high-cost credit market, lent money to people who needed something to tide them over until their next paycheque. It was a notorious firm. A coroners report in 2014 noted that…
CHICAGO, Sept. 12, 2018 (GLOBE NEWSWIRE) — Medical debt is the number one cause of bankruptcy in the U.S. To help consumers faced with mounting medical bills avoid bankruptcy, TransUnion Healthcare announced today that it is supporting the efforts of RIP Medical Debt, a 501(c)(3) nonprofit located in metropolitan New York, but working nationally. RIP,…
New Myer chief executive John King hopes to reverse a long-term slide in earnings as early as this year by cutting back on discounting, closing clearance floors, stocking more exclusive brands and shrinking stores while improving customer service. Unveiling his long awaited turnaround plan, Mr King said his focus was on improving Myer’s bottom line…
Setting financial goals for the short and long-term makes good fiscal sense. Photograph: Natee127/Getty Images/iStockphoto People generally teach themselves how to manage their finances as they become adults, and it seems to work well enough for a while. As you get older, finances become a lot more complex yet there is hesitation to consult anyone…
President TrumpDonald John TrumpOakland Raiders’s Marshawn Lynch sits during national anthem, then scores touchdown Trump declares state of emergency in Carolinas ahead of Hurricane Florence Ex-NFL player tears into Nike: Kaepernick ad like 9/11 and Pearl Harbor MORE allegedly suggested to his chief economic adviser last year that the government should print more money to…
A slew of recent reports have confirmed what debt advice charities already know: more people are getting into debt to utilities providers and local government, not just to retail credit lenders. But what should you do if you can feel yourself sliding into difficulty? If youre struggling to keep up with the regular payments on…
Laurie Campbell Laurie Campbell, CEO Credit Canada Credit Canada Credit Canada Debt Consolidation 42% of Canadians are “freaked out” by their debt, via Credit Canada’s Debt Awareness Survey Credit Canada Credit Can… Read the full article at: https://globenewswire.com/news-release/2018/09/11/1569187/0/en/Psychology-of-debt-Young-Canadians-freaked-out-by-principal-seniors-more-concerned-about-interest-survey.html