This story is part of The Salt Lake Tribunes ongoing commitment to identify solutions to Utahs biggest challenges through the work of the Innovation Lab. [Subscribe to our newsletter here] Utah has one of the highest average household debts in the country at nearly $80,000 and that number has been growing. Average personal debt in…
A debt consolidation loan is a type of personal loan that can be used to pay off multiple debts, often at a lower interest rate. It can simplify your finances, save you money, and help you become debt-free more quickly. When youre in the market for a debt consolidation loan, make sure to shop around…
WHILE debt isn’t something any of us want to have, it’s very normal and isn’t necessarily a cause for concern. But when you start struggling to keep up with the repayments, you may be wading into “problem debt” territory. StepChange adviser Jonathan Chesterman shares the six top questions he is asked This is when it…
Reading Time: 8 minutes Black farmers protest in front of the White House in Washington, D.C. on March 1, 2023. (photos: Matt DeRienzo / Center for Public Integrity; audio Ileana Garnand / Center for Public Integrity) It was nearly a quarter century ago when thousands of Black farmers filed a class action discrimination lawsuit with…
The States fiscal position had weakened in recent years but the Governments Comprehensive Expenditure Review identified $13 billion in budget improvements, revenue and reprioritisation measures to help stabilise the fiscal position. These funds will be reinvested into essential services to help keep the States overall expenses at a manageable level. As a result, the 2023-24…
A CFPB report analyzed over 9,000 complaints it received from student-loan borrowers in the past year. It found that poor customer service at servicers have kept borrowers without relief they deserve. Advertisement After receiving thousands of complaints over the past year, a top federal watchdog concluded that student-loan companies are not helping borrowers as they…
As Prepared for Delivery Thank you for the invitation to speak here today at SAIS. As an academic, Ive had brilliant colleagues and former PhD students of mine join your faculty. As a policymaker, I get to work closely with your impressive alumni, many of which are on the Treasury team and working across the…
WASHINGTON, Oct 23 (Reuters) – A senior U.S. Treasury official on Monday said there were signs of “potential improvement” in sovereign debt restructuring cases and more vulnerable countries were expected to seek help, but further work was needed to accelerate the process. Treasury Assistant Secretary for International Finance Brent Neiman noted advances in the cases…
Student debt may help you buy a home in these states, according to a recent report. (iStock) Many Americans said they have to delay major life milestones because of their student loans, but in some states, buying a home could help pay off your debt. While student loans are usually a barrier to home entry…
Are you new to the U.S. and find the concept of debt confusing? No worries- youre not alone! In America, debt isnt always a bad word. It sounds scary, especially if you come from a culture where cash is king. But debt could help you build a credit score, get a house, or even kickstart…