College graduation season is here, but for many students, that diploma comes with thousands of dollars in student loans. The Better Business Bureau is warning people to watch out for companies that may be targeting vulnerable students. One company, San Diego-based Student Aid Institute, was shut down by the Consumer Financial Protection Bureau for illegally…
You do not get to hear about Maharashtra Chief Minister Devendra Fadnavis in national news too often. But his government has managed to create a buzz in the rural belts of Maharashtra, and how! He has not gone for debt waiver like UP Chief Minister Yogi Adityanath. In fact, he is trying something remarkable and…
Euclid Tsakalotos stressed that the country had done its part, passing yet another series of austerity measures at the behest of its European lenders and the International Monetary Fund a condition required in return for the next tranche of loans. Despite Greece conceding to and fulfilling these terms, which it had originally rejected, talks to…
Greece on Tuesday denied a German newspaper report it could opt out of receiving bailout loans needed to make a July debt repayment if its lenders fail to offer clear debt relief terms to the crisis-hit country despite it having passed more reforms. Tuesday’s report in Germany’s mass-selling Bild that Athens could opt to go…
(Photo: Getty Images) × Debt Consolidation, Negotiation, or Elimination: Which Should You Choose? (Photo: Getty Images) As of the first quarter in 2017, American household debt topped $12 trillion. The main contributors to this debt are home mortgages, auto and student loans, plus credit card debt. With mounting debt and the lowest savings rate since 2005…
What is debt consolidation? Its rolling several debts like credit cards and medical bills into a single payment at a lower interest rate. Ideally, this is part of a plan to become debt-free. When should I consolidate? Debt consolidation is a good idea if you can qualify for a lower interest rate that makes payments more manageable…
CLOSE You can choose the repayment strategy that will boost your psyche or the method that will cost less over time.Video provided by Newsy Newslook File photo taken in 2014 shows a graduate of Northwest Florida State College wears her graduation cap at the school’s commencement ceremony in Niceville, Fla.(Photo: Nick Tomecek, AP) Federal investigators…
IF YOU’RE struggling with runaway debt, be careful who you turn to for help. There’s no shortage of “debt management firms promising rapid solutions to overwhelming debt. Their services typically include bankruptcy advice, formal and informal debt agreements and debt consolidation. Others advertise “cleaning, “repairing, or “washing away default listings on personal credit reports. For…
GET YOUR COMPANY TO HELP Some private companies offer student debt payments — say, $100 a month directly to the loan principal — as an employee benefit, similar to health insurance or 401(k) contributions. A 2016 report from the Society for Human Resource Management found that 4 percent of member companies and organizations surveyed offered…
The TUC has urged the next government to take action to boost pay as it warned that borrowing to top up wages was poised to breach the record levels hit just before the financial crisis of a decade ago. Frances OGrady, the TUC general secretary, expressed alarm at the steady increase in unsecured debt which…