Vulnerable Australians are drowning in debt struggling to overcome financial woes that are being magnified by attempts to manage the issues via increased debt and gambling, according to new research. Data released by The Salvation Army on Tuesday to coincide with Anti-Poverty Week shows people seeking financial assistance through its Moneycare financial counselling service are…
More and more Australians are falling into the vicious cycle of debt according to research released by The Salvation Army. The data shows that those on the brink of financial crisis have accrued $2.55 of debt for every dollar earned. Thats a debt-to-income ratio of 255 per cent. Comparatively, the average Australian household has a debt-to-income ratio…
More and more Australians are falling into the vicious cycle of debt according to research released by The Salvation Army. The data shows that those on the brink of financial crisis have accrued $2.55 of debt for every dollar earned. Thats a debt-to-income ratio of 255 per cent. Comparatively, the average Australian household has a debt-to-income ratio…
BALTIMORE, Md. – A student loan debt relief company is being told they’re not allowed to do business in Maryland. Maryland Attorney General Brian Frosh announced that the Consumer Protection Division issued a cease and desist order against Student Loan Counsel. The California-based company must cease any unlawful conduct in Maryland, return all money collected from…
We have lost all that money can buy and replace, said Roosevelt Skerrit, the prime minister of Dominica, where 98 per cent of the buildings are damaged. Dominica is already heavily indebted, and the IMF IMFInternational Monetary Fund Along with the World Bank, the IMF was founded on the day the Bretton Woods Agreements were…
The Debt Panel: ‘I left the UAE without paying Dh170,000 in loans but the banks wont help me return’ – The National x Abu Dhabi, UAE
Australia could soon be facing its worst financial crisis in decades, as new research shows that more people than ever are drowning in debt. Data out of The Salvation Army has revealed that vulnerable Australians now have $2.55 worth of debt for every dollar earned, or a debt-to-income ratio of 255 percent. More and more…
If you have student loans, its likely youve received a call, flyer or seen a Facebook FB, +0.45% … Read the full article at: http://www.marketwatch.com/story/what-you-need-to-know-about-the-governments-game-of-loans-operation-2017-10-16
On Friday the Federal Trade Commission (FTC), along with 11 states and the District of Columbia, announced Operation Game of Loans, the first coordinated federal-state law enforcement initiative targeting deceptive student loan debt relief scams. This nationwide crackdown encompasses 36 actions by the FTC and state attorneys general against scammers alleged to have used deception and false promises…
Energy firms ordered to do more to help those in debt Energy regulator Ofgem has called on suppliers to do more to help those who fall behind on payments, after finding customers owe an average of more than £600 before being put on a debt repayment plan. Ofgem’s research found energy firms are…