Australians will be protected from running up excessive debt with multiple credit cards under a new federal government plan. Their ability to repay credit limits within a reasonable period will require assessment in a suite of measures to be introduced before the end of 2017. Unsolicited offers of credit limit increases will be banned, how…
Its been a long and winding road toward the resolution of the Puerto Rico Electric Power Authority bonded debt. It totals $9 billion, the largest single component of Puerto Ricos overall debt of about $70 billion. The commonwealths top officials, the power authority and the bondholders recognize that the power authority cannot service this debt…
New York Democratic Congresswoman Nydia M. Velázquez has introduced a bill that would assist arts workers nationwide in paying down their student debt, for as much as $10,000. If you work in art education or other professional fields within the arts and your work benefits seniors, children, or adolescents, the American Arts Revival Act could…
Problem debt could affect one in six adults BelfastTelegraph.co.uk One in six adults is at risk of being tipped into a debt crisis, according to the Money Advice Service (MAS). http://www.belfasttelegraph.co.uk/business/news/problem-debt-could-affect-one-in-six-adults-35850033.html http://www.belfasttelegraph.co.uk/business/news/article35850032.ece/832c6/AUTOCROP/h342/PANews%20BT_P-7c7b865f-1bae-4882-9005-cc614a9eac45_I1.jpg Email One in six adults is at risk of being tipped into a debt crisis, according to the Money Advice Service (MAS). Research…
By Richard Read and Teddy Nykiel NerdWallet Fraudulent debt relief companies are preying on the most vulnerable of the 44 million people with student loans, as federal officials dispute whos to blame and what to do, a NerdWallet investigation has found. U.S. enforcement agencies the Consumer Financial Protection Bureau and the Federal Trade Commission in…
Image copyright Getty Images Several million people – up to 10% of the population – are reluctant to admit that they are having debt problems, according to the Money Advice Service. As a result it is calling on friends and family members to do more to spot the tell-tale signs of money issues. These include…
Mumbai: The first meeting of the state-appointed committee to decide the criteria of farm debt relief remained inconclusive as farmer leaders demanded loan waiver to all cultivators and sought changes in the criteria fixed for providing Rs 10,000 initial help. Farmer leaders burnt the copy of the Government Resolution (GR) about the initial crop loan…
If you feel smothered by your monthly bills, a call from someone who says they can reduce or eliminate your debts might sound like the answer to your problems. But in many cases, unscrupulous people are behind these calls. They dont have any intention of helping you, but are very interested in taking your money.…
Debt consolidation is a great repayment program that helps consumers manage and put order in their debt payments and National Debt Relief shares valuable insight on the program with a recently published article. The materials released May 12, 2017 and titled “The Pros and Cons of Debt Consolidation” aims to help people understand the debt…
When your personal finances teeter on the brink, your first instinct might be to do something drastic. Freeze your credit cards in a block of ice. Vow to never eat out again. Forgo your Netflix subscription. These tactics may help, but financial experts say paying off debt requires a more comprehensive plan. One common strategy…