Incoming Reserve Bank chief Philip Lowe has appealed to the Turnbull government to help him out with economic management by borrowing big for infrastructure, saying there’s only so much that further cuts in interest rates can do. In what amounted to a plea to the Prime Minister and Treasurer to take advantage of near-record low…
Fears that Britain will slide into a post-referendum recession have been allayed after a Guardian newspaper analysis showed the latest news on the economy has confounded analysts gloomy expectations, with consumer spending strong, unemployment low and the housing market holding steady. The finding comes as a leading think tank toned down its earlier dire warnings of economic…
ERIE COUNTY, N.Y. — The clients who sit across from Noelle Carter are looking for help. Sometimes it’s help dealing with student loan debt close to the state average, more than $32,000 according to a report from the state comptroller’s officer. Other times, that sum can reach north of $100,000. “They can’t afford to move out…
Fears of a fresh debt crisis in developing countries that would send shockwaves through the global financial system have been highlighted by a United Nations report stressing the vulnerability of poor states to falling commodity prices and higher interest rates. The annual report from the UN conference on trade and development (Unctad) said the benefits…
Getting out of debt isnt easy, and while theres plenty of practical advice to help, the psychological toll is a huge, often-overlooked obstacle. When you feel utterly powerless against debt, it only makes the process more difficult. While it takes money to get the job done, shifting your mindset to an empowered one will help…
PROVIDENCE, R.I. (AP) Rhode Island is helping 215 college graduates pay back their student debt. The state’s Commerce Corp. said Tuesday that it’s awarding an average of $3,750 a year in loan relief to the winners of its new Wavemake… Read the full article at: http://www.heraldcourier.com/news/rhode-island-awards-student-debt-relief-to-college-grads/article_936c6a26-397c-54d0-8077-425517c54ac6.html
Imagine being a senior citizen, living on Social Security and perhaps a small fixed pension, and trying to deal with the rising costs of living. Or imagine being a disabled person with no hope of earning additional money to make ends meet. You’ve been forced to use your credit card to survive, and the balances…
Debt consolidation is the process of refinancing multiple balances into a single loan. You can take out one loan for the total amount of your current debt, then repay your existing debts with the funds from the new loan. Finally, youre left with just the new loan to repay. A debt consolidation loan can help…
Few things in life are as annoying as persistent phone calls from telemarketers and debt collectors. They can be relentless. The calls are also often made in violation of the Telephone Consumer Protection Act or the Fair Debt Collection Practices Act. Thats where Nathaniel Clark comes in. Clark, a litigation attorney with The Law Offices…
HELIOS Investment Partners would pay $115.8m for 49% of the voting rights in Nigerian oil and gas group Oando plcs subsidiary Oando Gas and Power (OGP), it said on Monday. The deal will help Oando to bring down debt. At the end of June, the group had total short-and long-term borrowings of 279.7-billion naira ($888.6m)…