The IMF has recommended governments phase out tax incentives that encourage borrowing. Global public and private debt has blown out to a record $US152 trillion ($199 trillion) and Australian households are bingeing on borrowed money at a “fast pace”, exposing the economy to a future crisis, warns the International Monetary Fund. In a wake-up call about the…
Latest news: The WA state governments Keystart Housing Scheme Trust has sold Bendigo and Adelaide Bank $1.35 billion-worth of standard variable-rate residential home loan debt at 0.2% premium. The loans, roughly a quarter of Keystarts total loan book of about $4 billion, involves the debt of 6,000 borrowers with an average loan of $225,000…
Federal cabinet signed off on Tuesday on a proposal from Education Minister Simon Birmingham that replaces Labor’s VET FEE-HELP with a scheme that will also put in tougher barriers to entry to training providers Q&A The Turnbull government believes it can significantly slash $25 billion of student debt from a disastrous vocational education student loans scheme as part…
I have debts of about Dh130,000. I have two credit cards, both of which have been maxed; there is a Dh10,000 limit on one and Dh40,000 with another. Then I also have an Dh80,000 loan with a bank, which I have paid for almost a year now. I am only earning a monthly salary of…
Kim Kardashians Paris robbery is making headlines today, but it didnt take long for rumors to start swirling that the multi-million dollar jewelry heist is nothing but a hoax. Was the robbery staged to help Kanye out of debt, something he tweeted about several months ago? Or did Kardashian Momager Kris Jenner need a compelling…
By Associated Press Published: 02:12 +11:00, 4 October 2016 | Updated: 02:12 +11:00, 4 October 2016 e-mail Many people who take out loans to pay off credit cards and other obligations wind up worse off, with more debt and more stress than before they applied. Some people, though, successfully use debt consolidation loans to turn…
… Read the full article at: http://www.chron.com/business/article/Liz-Weston-Borrowing-your-way-out-of-debt-9609011.php
Updated: Saturday, September 24, 2016 @ 5:16 PMPublished: Tuesday, January 06, 2015 @ 10:02 AMBy: Christine DiGangi Trending on Facebook Not everyone has a taste for poker, and people choose to not play it for a variety of reasons. Perhaps they dont have the math skills or they just dont understand the game. It could…
Were little more than a week into autumn, but already talk is turning to Christmas. Restaurants are plugging their festive menus and speculation has begun about this years Christmas adverts. As the old cliche goes, Christmas comes earlier each year. Well, for thousands of families, Christmas has only just ended. Well at least paying for…
The auditors of beleaguered toy maker Funtastic have warned there is significant doubt that the company can continue as a going concern after it slumped to a bigger-than-expected annual loss. Funtastic, which counts Harvey Norman executive chairman Gerry Harvey as one of its major shareholders, narrowed its net loss to $23.4 million for the year…