JUNEAU The Republican senator in charge of crafting the capital budget is so staunchly opposed to Gov. Bill Walkers call for the state to issue hundreds of millions of dollars of general obligation bonds a part of the governor’s overall solution to the state government fiscal crisis that the proposal may not even be considered.…
SAN JUAN, Puerto Rico (AP) A deal to restructure Puerto Rico’s troubled power utility’s $8.2 billion bond debt fell apart early Saturday, after lawmakers missed a Friday midnight deadline to approve key conditions for the proposed bond swap, including putting a debt payment charge directly on customers’ bills. … Read the full article at: http://www.heraldcourier.com/news/world/puerto-rico-power-debt-relief-deal-falls-apart/article_6c1d5a9f-5f7a-5a1f-bf41-a38492c1d3c2.html
Following an in-depth investigation, ASIC is warning consumers to steer clear of debt management businesses that promise to clean up your financial life in one fell swoop. The kicker is that many such operations also called debt consolidation firms charge high upfront fees for services you could do yourself for free, including challenging incorrect information…
Rep. Debbie Wasserman Schultz pledged Friday to launch a renewed push for legislation that would provide a partial bailout for Puerto Ricos $72 million debt, part of an economic crisis that has prompted tens of thousands of island residents to flee to Florida and other states. Wasserman Schultz, a Florida representative who is also chairwoman…
Households in London, Hull, and Manchester are among the most likely to seek professional debt help, according to new research. Inner cities and the surrounding areas feature prominently on a new list of UK areas where people have the most debt-related problems. Young people, renters, those on low incomes, and first-time buyers are most vulnerable…
Mobile phone providers need to act more responsibly to help customers avoid debt, starting with letting them set their own monthly bill caps, a charity has said. Citizens Advice has labelled mobile phone companies the worst private sector debt collectors, and said customers should be allowed to take their own steps to limit usage to…
The Association of Superannuation Funds of Australia (ASFA) has urged caution regarding a proposal to allow individuals with a tertiary education fees debt (HELP debt) early access to superannuation to pay off that debt, citing its negative impact on retirement outcomes. ASFA recommends that before any proposal to extend the uses of superannuation is considered,…
Thursday, 21 January 2016 Posted by Kelly Emmerton Many Aussie students use the Government’s Higher Education Loan Program (HELP) to pay for their studies, and now there are calls for super to be used to pay off the debt, ABC reported. Around $30 billion dollars was granted to students through HELP loans last year, and next…
NORTH PROVIDENCE, R.I. It was marketed as a way out of debt, but it led to even more problems for a North Providence woman. Roberta, who asked that we keep her identity private, says she can’t believe she gave away so much personal information. The voice on the phone seemed so helpful and trustworthy. She…
Treasurer Scott Morrison is being urged to introduce a plan to allow graduates to use their retirement savings to pay off government loans to cover course fees. Liberal senator Chris Back says the plan would target graduates in their twenties and thirties who have Higher Education Loan Program (HELP) debts owing to the Government,…