Australians are cutting back on basic things like fresh fruit and vegies in order to keep the lights on with the National Debt Helpline taking 14,000 calls in September a record for the month, and up 14 per cent on the same time last year. The helpline said borrowers were mainly calling from metropolitan…
Saving for retirement isn’t a top priority for many young professionals, but Great-West Lifeco Inc. thinks it can change that by addressing heavy student debt loads. The life and health insurer is rolling out a new program to its client companies that will allow eligible employees to pay off their student debt while also getting…
Saving for retirement isn’t a top priority for many young professionals, but Great-West Lifeco Inc. thinks it can change that by addressing heavy student debt loads. The life and health insurer is rolling out a new program to its client companies that will allow eligible employees to pay off their student debt while also getting…
This content is made possible by our sponsor; the views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. A crushing debt may be the result of unexpected and unavoidable setbacks in life, from a medical problem to the loss of a job.…
A couple who took £7m from thousands of customers who sought help from their debt management firm but spent much of the money on lavish holidays and cars have been banned from the UK financial services industry for life by the sectors regulator. Adrian and Christine Whitehurst, nicknamed the vampires of debt, set up First…
First Step Finance was a company that promised to help. Its clients were mostly poor, who had gone to them for financial support and getting out of debt. The firm, run by Christine and Adrian Whitehurst, told customers their money would be gathered in secure pots, and used to make a final payment clearing their…
LONDON, Oct 23 (Reuters) – A husband and wife debt management duo paid for luxury hotels and cars by deceiving more than 4,000 customers who lost in excess of 6 million pounds ($8 million), Britains Financial Conduct Authority (FCA) said on Monday. The watchdog said it banned Adrian and Christine Whitehurst from any involvement in…
WITH the thought of owning your own home seeming like a distant dream to many young people, one Aussie mum has proven that paying off your mortgage doesnt have to fill you with dread. Heidi Farrelly is a preschool teacher and lives in Sydney with her 35-year-old husband Clinton and their seven-year-old daughter. They bought…
ST Lukes Anglicare has saved disadvantaged people more than $450,000 in debt waivers in Bendigo, Echuca, Mildura and Wangaratta in the last 10 months but they fear they are only just scratching the surface. The organisations financial counselling service has seen a drastic increase in the number of people facing financial stress due to interest on…
DEBT-LADEN Mackay Sugar has put the sale of its profitable cogeneration plant on hold and will instead look for investors to help pay down its $200million debt. After reviewing six offers to buy the $120million plant the grower-owned company found that the potential buyers were interested in the whole company. The sale of the cogen…